XML 35 R23.htm IDEA: XBRL DOCUMENT v3.21.1
Leases (Notes) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 27, 2021
Mar. 28, 2020
Mar. 27, 2021
Mar. 28, 2020
Jun. 27, 2020
Jun. 24, 2017
Leases [Abstract]            
Document Period End Date     Mar. 27, 2021      
Operating Leases, Rent Expense $ 2,500 $ 7,400 $ 2,300 $ 7,000    
Operating Lease, Right-of-Use Asset 49,744 54,610 49,744 54,610    
Operating Lease, Liability, Current 10,946 10,445 10,946 10,445    
Operating Lease, Liability, Noncurrent 43,262 48,314 43,262 48,314    
Lessee, Lease, Description [Line Items]            
Operating Leases, Rent Expense $ 2,500 $ 7,400 2,300 7,000    
Operating Lease, Payments     $ 9,306 $ 8,759    
Operating Lease, Weighted Average Remaining Lease Term 6 years 7 years 6 years 7 years    
Lessee, Operating Lease, Discount Rate 3.12% 3.43% 3.12% 3.43%    
Balance sheet items related to leases [Table Text Block]    
March 27, 2021June 27, 2020
(in thousands)
Other assets$49,744 $54,610 
Accrued expenses $10,946 $10,445 
Other liabilities$43,262 $48,314 
     
Lessee, Operating Lease, Liability, Maturity [Table Text Block]    
Operating Lease Obligations
Fiscal Year
(in thousands)

Remainder of 2021$3,367 
202211,985 
20239,880 
20248,746 
20257,071 
Thereafter18,493 
Total59,542 
Less imputed interest5,334 
Total $54,208 
Operating Lease Obligations
Fiscal Year
(in thousands)

Remainder of 2020$3,190 
202111,805 
202210,693 
20239,444 
20248,231 
Thereafter21,935 
Total65,298 
Less imputed interest7,102 
Total $58,196 
   
Leases - schedule of maturities [Abstract]            
Lessee, Operating Lease, Liability, Payments, Due $ 3,367 $ 3,190 $ 3,367 $ 3,190    
Lessee, Operating Lease, Liability, to be Paid, Year Two 11,985 11,805 11,985 11,805    
Lessee, Operating Lease, Liability, to be Paid, Year Three 9,880 10,693 9,880 10,693    
Lessee, Operating Lease, Liability, to be Paid, Year Five 8,746 9,444 8,746 9,444    
Lessee, Operating Lease, Liability, to be Paid, after Year Five 18,493 21,935 18,493 21,935    
Lessee, Operating Lease, Liability, to be Paid 59,542 65,298 59,542 65,298    
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 5,334 7,102 5,334 7,102    
Operating Lease, Liability 54,208 58,196 54,208 58,196    
Lessee, Operating Lease, Liability, to be Paid, Year Four $ 7,071 $ 8,231 $ 7,071 $ 8,231    
Lessee, Operating Leases     LEASES
The Company's lease obligations consist of operating leases for domestic and international office facilities, data centers, and equipment. These leases expire at various dates through fiscal year 2031. For the three and nine months ended March 27, 2021, the Company recorded operating lease expense of $2.5 million and $7.4 million, respectively. For the three and nine months ended March 28, 2020, the Company recorded operating lease expense of $2.3 million and $7.0 million, respectively.

Leases are included in the following Condensed Consolidated Balance Sheet lines:
March 27, 2021June 27, 2020
(in thousands)
Other assets$49,744 $54,610 
Accrued expenses $10,946 $10,445 
Other liabilities$43,262 $48,314 

Future minimum lease payments under non-cancelable operating leases as of March 27, 2021 are as follows:
Operating Lease Obligations
Fiscal Year
(in thousands)

Remainder of 2021$3,367 
202211,985 
20239,880 
20248,746 
20257,071 
Thereafter18,493 
Total59,542 
Less imputed interest5,334 
Total $54,208 
Future minimum lease payments under non-cancelable operating leases as of March 28, 2020 are as follows:
Operating Lease Obligations
Fiscal Year
(in thousands)

Remainder of 2020$3,190 
202111,805 
202210,693 
20239,444 
20248,231 
Thereafter21,935 
Total65,298 
Less imputed interest7,102 
Total $58,196 

Other information related to leases as of March 27, 2021 are as follows:
Nine Months Ended
March 27, 2021March 28, 2020
Supplemental cash flow information:
Operating cash flows used for operating leases (in thousands)$9,306 $8,759 
Weighted-average remaining lease term - operating leases (in years)67
Weighted-average discount rate - operating leases3.12 %3.43 %
     
FixedRateNoteDueJune2027at3Point450Percent[Member] [Member]            
Lessee, Lease, Description [Line Items]            
Leases, Interest Rate, Stated Percentage 3.45%   3.45%   3.45% 3.45%