v3.25.2
Severance liabilities (Tables)
 12 Months Ended
Jun. 27, 2025
Retirement Benefits [Abstract]  
Schedule of Severance Liabilities
The following table provides information regarding severance liabilities:
Years Ended
(in thousands)June 27,
2025		June 28,
2024
Changes in severance liabilities
Balance, beginning of the fiscal year$24,093 $22,370 
Current service cost$2,975 $2,655 
Interest cost966 747 
Benefit paid(2,001)(320)
Unrealized loss (gain) on exchange rate3,306 (837)
Actuarial (gain) loss on obligation1,886 (310)
Adjustment defined benefit obligation— (212)
Balance, end of the fiscal year$31,225 $24,093 
Changes in plan assets
Balance, beginning of the fiscal year$— $349 
Adjustment plan assets— (349)
Balance, end of the fiscal year$— $— 
Underfunded status$(31,225)$(24,093)
Schedule of Future Maturities of Severance Liabilities
The following table sets forth our severance liabilities as of June 27, 2025:
(in thousands)
2026$2,001 
20272,017 
20282,738 
20292,831 
20303,562 
Thereafter18,076 
Total$31,225 
Schedule of Severance Liabilities Recognized in Balance Sheet
The amount recognized in the consolidated balance sheets under non-current liabilities was determined as follows:
(in thousands)As of June 27,
2025		As of June 28,
2024
Non-current liabilities$31,225 $24,093 
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets
The following table provides information regarding accumulated benefit obligations:
(in thousands)As of June 27,
2025		As of June 28,
2024
Accumulated benefit obligations$22,140 $16,403 
Schedule of Principal Actuarial Assumptions Used
The principal actuarial assumptions used were as follows:
Weighted average actuarial assumptions used to determine severance liabilities
Years Ended
June 27, 2025June 28, 2024June 30, 2023
Discount rate
2.9% - 4.1%
3.9% - 5.5%
3.5% - 5.4%
Future salary increases
3.5% - 10.0%
3.5% - 10.0%
3.5% - 10.0%
Weighted average actuarial assumptions used to determine benefit costs
Years Ended
June 27, 2025June 28, 2024June 30, 2023
Discount rate5.2%5.4%3.8%
Expected long-term rate of return on assets4.2%5.2%3.4%