v3.26.1
Business Acquisitions
 9 Months Ended
Mar. 29, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Acquisitions Business Acquisitions
Acquisitions: The Company continually evaluates potential acquisitions, which can be either business combinations or asset purchases, that strategically fit within the Company’s overall growth strategy in order to expand our market share in key geographic areas and to improve our ability to leverage our fixed costs.
2026 Business Acquisitions: For business combinations, the Company allocates the consideration transferred to the identifiable assets acquired and liabilities assumed based on their preliminary estimated fair values as of the acquisition date. We estimate the fair values of the assets acquired and liabilities assumed using valuation techniques, such as the income, cost and market approaches. During the nine months ended March 29, 2026, the Company had two business acquisitions in which we acquired five locations for a total consideration of $88,127. The Company is still in the process of finalizing its valuation analyses for the business acquisition. The remaining fair value estimates include working capital, intangibles, property and equipment, and operating lease assets and liabilities. If necessary, for business combinations, we will continue to refine our estimates throughout the permitted measurement period, which may result in corresponding offsets to goodwill. We expect to finalize the valuations as soon as possible, but no later than one year after the respective acquisition dates.
The following table summarizes the preliminary purchase price allocations for the fair values of the identifiable assets acquired and liabilities assumed, components of consideration transferred and the transactional related expenses during the nine months ended March 29, 2026 using the acquisition method of accounting:
Identifiable assets acquired and liabilities assumedTotal
Current assets$1,708 
Property and equipment56,575 
Operating lease right-of-use (“ROU”) assets29,026 
Identifiable intangible assets8,670 
Goodwill41,631 
Other assets21 
Total assets acquired$137,631 
Current liabilities$(5,223)
Operating lease liabilities(28,176)
Deferred income tax liability(14,225)
Other liabilities(1,880)
Total liabilities assumed(49,504)
Total fair value, net of cash of $549
$88,127 
Components of consideration transferred
Cash$88,127 
Total$88,127