Property, plant and equipment, net

12 Months Ended

Jun. 27, 2025

Property, Plant and Equipment [Abstract]

The components of property, plant and equipment, net were as follows:


(in thousands)	Land and Land Improvements		Building and Building Improvements		Manufacturing Equipment		Office Equipment		Motor Vehicles		Computers		Construction and Machinery Under Installation		Total
As of June 27, 2025
Cost	$	61,534	$	222,640	$	374,322	$	6,395	$	1,296	$	30,736	$	51,048	$	747,971
Less: Accumulated depreciation	(635)		(92,478)		(248,833)		(5,502)		(904)		(18,690)		—		(367,042)
Less: Impairment reserve	—		—		(289)		—		—		—		—		(289)
Net book value	$	60,899	$	130,162	$	125,200	$	893	$	392	$	12,046	$	51,048	$	380,640
As of June 28, 2024
Cost	$	61,297	$	208,731	$	316,867	$	6,500	$	1,101	$	27,660	$	12,243	$	634,399
Less: Accumulated depreciation	(328)		(82,964)		(216,667)		(5,521)		(870)		(20,520)		—		(326,870)
Less: Impairment reserve	—		—		(289)		—		—		—		—		(289)
Net book value	$	60,969	$	125,767	$	99,911	$	979	$	231	$	7,140	$	12,243	$	307,240

Depreciation expense amounted to $52.5 million, $48.2 million and $42.5 million for the years ended June 27, 2025, June 28, 2024 and June 30, 2023, respectively, and has been allocated between cost of revenues and selling, general and administrative expenses in the consolidated statements of operations and comprehensive income.

The cost of fully depreciated property, plant and equipment written-off during the years ended June 27, 2025, June 28, 2024 and June 30, 2023 amounted to $12.5 million, $10.7 million and $16.5 million, respectively.

As of June 27, 2025, June 28, 2024 and June 30, 2023, the Company recognized impairment reserves for property, plant and equipment of $0.3 million, $0.3 million and $0.6 million, respectively.