v3.26.1
Share-based compensation (Tables)
12 Months Ended
Jun. 26, 2026
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 26, 2026, June 27, 2025 and June 28, 2024 was as follows:
Years Ended
(in thousands)June 26,
2026
June 27,
2025
June 28,
2024
Share-based compensation expense by type of award:
Restricted share units$22,067 $21,013 $16,839 
Performance share units12,563 11,991 11,535 
Total share-based compensation expense34,630 33,004 28,374 
Tax effect on share-based compensation expense— — — 
Net effect on share-based compensation expense$34,630 $33,004 $28,374 
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 26,
2026
June 27,
2025
June 28,
2024
Cost of revenue$11,459 $10,456 $7,203 
Selling, general and administrative expense23,171 22,548 21,171 
Total share-based compensation expense$34,630 $33,004 $28,374 
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 26, 2026:
(share units)Restricted Share Units outstandingPerformance Share Units outstandingOrdinary Shares available for future grant
2020 Plan211,574 94,687 1,455,660 
2017 Inducement Plan— — 111,347 
Total211,574 94,687 1,567,007 
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 30, 2023368,765 $97.49 
Granted126,934 $165.54 
Vested(171,304)$88.69 
Forfeited(17,735)$124.52 
Balance as of June 28, 2024306,660 $129.01 
Granted115,442 $257.64 
Vested(140,040)$118.33 
Forfeited(19,048)$175.73 
Balance as of June 27, 2025263,014 $187.00 
Granted79,180 $310.71 
Vested(121,128)$165.82 
Forfeited(9,492)$234.68 
Balance as of June 26, 2026211,574 $244.24 
Expected to vest as of June 26, 2026187,106 $244.77 
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 30, 2023204,016 $108.81 
Granted73,936 $158.91 
Vested(106,874)101.05 
Balance as of June 28, 2024171,078 $135.31 
Granted46,980 $261.84 
Vested(97,142)$117.35 
Balance as of June 27, 2025120,916 $198.90 
Granted48,806 $277.04 
Vested(73,936)158.91 
Forfeited(1,099)$261.84 
Balance as of June 26, 202694,687 $269.67 
Expected to vest as of June 26, 202694,687 $269.67 
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 rate3.8 %
Expected volatility45.2 %
Expected term (in years)7 years