Share-based compensation (Tables)
|
12 Months Ended |
Jun. 27, 2025 |
|---|
| Share-Based Payment Arrangement [Abstract] |
|
| Schedule of Effect of Recording Share-Based Compensation Expense |
The effect of recording share-based compensation expense for the years ended June 27, 2025, June 28, 2024 and June 30, 2023 was as follows: | | | | | | | | | | | | | | | | | | | Years Ended | | (in thousands) | June 27,
2025 | | June 28,
2024 | | June 30,
2023 | | Share-based compensation expense by type of award: | | | | | | | Restricted share units | $ | 21,013 | | | $ | 16,839 | | | $ | 16,979 | | | Performance share units | 11,991 | | | 11,535 | | | 11,148 | | | Total share-based compensation expense | 33,004 | | | 28,374 | | | 28,127 | | | Tax effect on share-based compensation expense | — | | | — | | | — | | | Net effect on share-based compensation expense | $ | 33,004 | | | $ | 28,374 | | | $ | 28,127 | |
|
| Schedule of Share-Based Compensation Expense Recorded in Condensed Consolidated Statements of Operations and Comprehensive Income |
Share-based compensation expense was recorded in the consolidated statements of operations and comprehensive income as follows: | | | | | | | | | | | | | | | | | | | Years Ended | | (in thousands) | June 27,
2025 | | June 28,
2024 | | June 30,
2023 | | Cost of revenue | $ | 10,456 | | | $ | 7,203 | | | $ | 6,664 | | | Selling, general and administrative expense | 22,548 | | | 21,171 | | | 20,939 | | | Restructuring and other related costs | — | | | — | | | 524 | | | Total share-based compensation expense | $ | 33,004 | | | $ | 28,374 | | | $ | 28,127 | |
|
| Share-Based Payment Arrangement, Activity |
The following table summarizes the number of equity awards outstanding and ordinary shares available for grant under each of the Equity Incentive Plans as of June 27, 2025: | | | | | | | | | | | | | | | | | | | (share units) | Restricted Share Units outstanding | | Performance Share Units outstanding | | Ordinary Shares available for future grant | | 2020 Plan | 263,014 | | | 120,916 | | | 1,583,646 | | | | | | | | | 2017 Inducement Plan | — | | | — | | | 111,347 | | | Total | 263,014 | | | 120,916 | | | 1,694,993 | |
|
| Schedule of Restricted Share Unit Activity |
The following table summarizes restricted share unit activity under the Equity Incentive Plans: | | | | | | | | | | | | | Number of
Shares | | Weighted-
Average Grant
Date Fair Value
Per Share | | Balance as of June 24, 2022 | 459,626 | | | $ | 75.14 | | | Granted | 165,378 | | | $ | 117.35 | | | Vested | (233,607) | | | $ | 67.85 | | | Forfeited | (22,632) | | | $ | 94.69 | | | Balance as of June 30, 2023 | 368,765 | | | $ | 97.49 | | | Granted | 126,934 | | | $ | 165.54 | | | Vested | (171,304) | | | $ | 88.69 | | | Forfeited | (17,735) | | | $ | 124.52 | | | Balance as of June 28, 2024 | 306,660 | | | $ | 129.01 | | | Granted | 115,442 | | | $ | 257.64 | | | Vested | (140,040) | | | $ | 118.33 | | | Forfeited | (19,048) | | | $ | 175.73 | | | Balance as of June 27, 2025 | 263,014 | | | $ | 187.00 | | | Expected to vest as of June 27, 2025 | 232,999 | | | $ | 187.00 | |
|
| Schedule of Performance Share Unit Activity |
The following table summarizes performance share unit activity under the Equity Incentive Plans: | | | | | | | | | | | | | Number of
Shares | | Weighted-
Average Grant
Date Fair Value
Per Share | | Balance as of June 24, 2022 | 285,882 | | | $ | 81.64 | | | Granted | 97,142 | | | $ | 117.35 | | | Vested | (179,008) | | | 70.05 | | | | | | | Balance as of June 30, 2023 | 204,016 | | | $ | 108.81 | | | Granted | 73,936 | | | $ | 158.91 | | | Vested | (106,874) | | | $ | 101.05 | | | | | | | Balance as of June 28, 2024 | 171,078 | | | $ | 135.31 | | | Granted | 46,980 | | | $ | 261.84 | | | Vested | (97,142) | | | 117.35 | | | | | | | Balance as of June 27, 2025 | 120,916 | | | $ | 198.90 | | | Expected to vest as of June 27, 2025 | 120,916 | | | $ | 198.90 | |
|
| Shared-Based Payment, Summary of Fair Value Per Share Assumptions |
The grant date fair value of the Warrant was estimated as of the issuance date using the following assumptions: | | | | | | | | | | | Expected dividend yield | — | | | Risk-free interest rate | 3.8 | % | | Expected volatility | 45.2 | % | | Expected term (in years) | 7 years | | |
|