v3.26.1
Property and Equipment
12 Months Ended
Jul. 03, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consisted of the following:
Estimated Useful Lives
(Years)
As of
July 3, 2026June 27, 2025
Computer equipment and software
3-4
$160,411 $149,342 
Furniture and fixtures511,692 23,176 
Leasehold improvementslesser of estimated useful life or lease term73,780 74,278 
Machinery and equipment
5-10
207,724 168,412 
453,607 415,208 
Less: accumulated depreciation(345,194)(313,768)
Property and equipment, net$108,413 $101,440 
The $6,973 increase in Property and equipment, net was primarily due to capital expenditures of $34,301 and the reclassification of work in process inventory to equipment of $4,444, partially offset by depreciation expense.
During fiscal 2026 and 2025, the Company retired $161 and $991, respectively, of computer equipment and software, furniture and fixtures, leasehold improvements, and machinery and equipment that were no longer in use by the Company.
Depreciation expense related to property and equipment for the fiscal years ended July 3, 2026, June 27, 2025 and June 28, 2024 was $33,779, $39,178 and $40,369, respectively.