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SHAREHOLDERS' EQUITY
 12 Months Ended
Jun. 24, 2026
Equity [Abstract]  
SHAREHOLDERS' EQUITY
Share Repurchases
Our share repurchase program is used to return capital to shareholders and to minimize the dilution to our shares outstanding that results from equity compensation grants. We evaluate potential share repurchases under our plan based on several factors, including our cash position, share price, operational liquidity, proceeds from divestitures, borrowings and planned investment and financing needs. Repurchased shares are reflected as an increase in Treasury stock within Shareholders’ equity in the Consolidated Balance Sheets.
During the first quarter of fiscal 2026, our Board of Directors authorized an additional $400.0 million under our existing share repurchase program. Share repurchases under our share repurchase program and share repurchases from team members to satisfy tax withholding obligations are as follows:
Fiscal Years Ended
June 24, 2026June 25, 2025June 26, 2024
Number of SharesAmountNumber of SharesAmountNumber of SharesAmount
Share repurchase program(1)
2.9$400.0 1.0$76.0 0.7$21.0 
Repurchases from team members to satisfy tax withholding obligations(2)
0.343.7 0.214.2 0.14.8 
(1)The excise tax associated with excess share repurchases during fiscal 2026 was $3.1 million and does not reduce the amount of authorized repurchases remaining under the share repurchase program.
(2)These withheld shares of common stock are not considered common stock repurchases under our authorized common stock repurchase program.
As of June 24, 2026, we had $107.0 million of authorized repurchases remaining under the share repurchase program.
Subsequent to end of the fiscal year, we repurchased an additional 0.4 million shares of our common stock for $75.0 million, reducing the amount available for share repurchases to $32.0 million. On August 10, 2026, our Board of Directors approved an increase in authorized share repurchases, bringing the total to $750.0 million.