v3.26.1
Fair Value of Financial Instruments (Tables)
9 Months Ended
Mar. 29, 2026
Fair Value Disclosures [Abstract]  
Schedule of fair value and carrying value of debt
The fair value and carrying value of our debt as of March 29, 2026 and June 29, 2025 are as follows:
March 29,
2026
June 29,
2025
Carrying value$1,776,863 $1,321,790 
Fair value1,674,863 1,316,993 
Schedule of fair value measurements and hierarchy level
The Company holds certain assets and liabilities that are required to be measured at fair value on a recurring basis. The following table is a summary of fair value measurements and hierarchy level as of March 29, 2026 and June 29, 2025:
March 29, 2026
Level 1Level 2Level 3Total
Earnout shares$— $— $5,009 $5,009 
Total liabilities$— $— $5,009 $5,009 


June 29, 2025
Level 1Level 2Level 3Total
Interest rate collars$— $16 $— $16 
Earnout shares— — 36,183 36,183 
Total liabilities$— $16 $36,183 $36,199 
Schedule of fair value of the warrant liability classified as level 1 and level 3
The fair value of earnout shares was estimated using a Monte Carlo simulation model (level 3 inputs). The key inputs into the Monte Carlo simulation as of March 29, 2026 were as follows:
Earnout
Expected term in years0.71
Expected volatility50%
Risk-free interest rate3.76%
Stock price$7.93
Dividend yield3.03%
Schedule of classification of the derivative liability fair value
The following table sets forth a summary of changes in the estimated fair value of the Company's Level 3 Earnout liability for the three months ended March 29, 2026 and March 30, 2025:
Three Months EndedNine Months Ended
March 29,
2026
March 30,
2025
March 29,
2026
March 30,
2025
Balance as of beginning of period$12,748 $69,058 $36,183 $137,636 
Issuances— 12 25 
Changes in fair value(7,740)(18,886)(31,186)(87,489)
Balance as of end of period$5,009 $50,172 $5,009 $50,172