The Company enters into lease arrangements to facilitate its operations, including manufacturing, storage, as well as engineering, sales, marketing and administration resources. The Company measures its lease obligations in accordance with ASC 842, which requires lessees to record a ROU asset and lease liability for most lease arrangements. Finance leases are not material to the Company's consolidated financial statements and therefore are excluded from the following disclosures.


	As of		As of
	July 3, 2026		June 27, 2025
Operating lease right-of-use assets, net	$	47,713	$	52,264

Accrued expenses(1)	$	13,586	$	11,810
Operating lease liabilities	45,829		52,738
Total operating lease liabilities	$	59,415	$	64,548

(1) The short term portion of the Operating lease liabilities is included within Accrued expenses on the Consolidated Balance Sheet.


	For the Fiscal Year Ended
	July 3, 2026			June 27, 2025
Cash paid for amounts included in the measurement of operating lease liabilities	$	10,952		$	11,401
Right-of-use assets obtained in exchange for new lease liabilities	$	7,026		$	2,261
Weighted average remaining lease term	4.7 years			5.7 years
Weighted average discount rate	5.72		%	5.59		%


Fiscal Year	Totals
2027	$	16,646
2028	15,237
2029	12,160
2030	9,529
2031	7,964
Thereafter	6,835
Total lease payments	68,371
Less: imputed interest	(8,956)

Present value of operating lease liabilities	$	59,415

During fiscal 2026, 2025 and 2024 the Company recognized operating lease expense of $15,157, $14,587, and $13,775, respectively. There were no material restrictions, covenants, sale and leaseback transactions, variable lease payments or residual value guarantees imposed by the Company's leases at July 3, 2026.