| Severance liabilities |
Severance liabilities The following table provides information regarding severance liabilities: | | | | | | | | | | | | | Years Ended | | (in thousands) | June 26,
2026 | | June 27,
2025 | | Changes in severance liabilities | | | | | Balance, beginning of the fiscal year | $ | 31,225 | | | $ | 24,093 | | | Current service cost | 3,341 | | | 2,975 | | | Interest cost | 865 | | | 966 | | | Benefit paid | (685) | | | (2,001) | | | Unrealized loss (gain) on exchange rate | (855) | | | 3,306 | | | Actuarial (gain) loss on obligation | 204 | | | 1,886 | | | | | | | | | | | Balance, end of the fiscal year | $ | 34,095 | | | $ | 31,225 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
The following table sets forth our severance liabilities as of June 26, 2026: | | | | | | | (in thousands) | | | 2027 | $ | 2,319 | | | 2028 | 2,830 | | | 2029 | 2,997 | | | 2030 | 3,782 | | | 2031 | 3,362 | | | Thereafter | 18,805 | | | | | Total | $ | 34,095 | |
The amount recognized in the consolidated balance sheets under current liabilities and non-current liabilities were determined as follows: | | | | | | | | | | | | | (in thousands) | As of June 26,
2026 | | As of June 27,
2025 | | Current liabilities | $ | 2,319 | | | $ | — | | | Non-current liabilities | $ | 31,776 | | | $ | 31,225 | |
The following table provides information regarding accumulated benefit obligations: | | | | | | | | | | | | | (in thousands) | As of June 26,
2026 | | As of June 27,
2025 | | Accumulated benefit obligations | $ | 24,616 | | | $ | 22,140 | |
The principal actuarial assumptions used were as follows: Weighted average actuarial assumptions used to determine severance liabilities | | | | | | | | | | | | | | | | | | | Years Ended | | June 26, 2026 | | June 27, 2025 | | June 28, 2024 | | Discount rate | 3.1% - 4.0% | | 2.9% - 4.1% | | 3.9% - 5.5% | | Future salary increases | 3.5% - 10.0% | | 3.5% - 10.0% | | 3.5% - 10.0% |
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