Leases

12 Months Ended

Jun. 27, 2026

We have operating leases for our headquarters office and research and development facilities. Certain of these leases have renewal options that are under our discretion. The leases expire at various dates through fiscal 2034, some of which include options to extend the lease for up to seven years. During fiscal 2026, 2025, and 2024 we recorded $12.4 million, $12.7 million, and $11.8 million of operating lease expense, respectively. Our short-term leases are immaterial.

Components of leases were as follows:


	2026		2025
Operating lease right-of-use assets	$	37.1	$	45.2

Operating lease liabilities	$	9.2	$	12.3
Operating lease liabilities, long-term	30.3		35.8
Total operating lease liabilities	$	39.5	$	48.1

Supplemental cash flow information related to leases was as follows:


	2026		2025
Cash paid for operating leases included in operating cash flows	$	14.2	$	14.5
Supplemental non-cash information related to lease liabilities arising from obtaining right-of-use assets	$	7.0	$	9.8

As of the end of fiscal 2026, the weighted average remaining lease term was 5.44 years and the weighted average discount rate was 5.18%.

As of the end of fiscal 2026, future minimum lease payments for operating lease liabilities were as follows:


Fiscal Year	Operating Lease Payments
2027	$	10.7
2028	8.9
2029	7.9
2030	5.4
2031	3.6
Thereafter	8.7
Total future minimum operating lease payments	45.2
Less: interest	(5.7)
Total lease liabilities	$	39.5