v3.26.1
Leases (Tables)
 12 Months Ended
Jun. 28, 2026
Leases [Abstract]  
Schedule of Lease Assets and Liabilities
Lease assets and liabilities and the corresponding balance sheet classifications are as follows:
(in millions of U.S. Dollars)SuccessorPredecessor
Operating Leases:June 28, 2026June 29, 2025
Right-of-use assets (1)
$96.8 $123.1 
Current lease liability (2)
7.4 9.9 
Non-current lease liability (3)
99.2 139.5 
Total operating lease liabilities$106.6 $149.4 
Finance Leases:
Finance lease assets (4)
$2.1 $8.3 
Current portion of finance lease liabilities0.2 0.5 
Finance lease liabilities, less current portion1.9 8.4 
Total finance lease liabilities$2.1 $8.9 
(1) Within other assets on the consolidated balance sheets.
(2) Within other current liabilities on the consolidated balance sheets.
(3) Within other long-term liabilities on the consolidated balance sheets.
(4) Within property and equipment, net on the consolidated balance sheets.
Schedule of Cash Flow Information
SuccessorPredecessor
(in millions of U.S. Dollars)Period from September 30, 2025 to June 28, 2026Period from June 30, 2025 to September 29, 2025Fiscal Year Ended June 29, 2025Fiscal Year Ended June 30, 2024
Operating lease expense$15.0 $4.3 $16.7 $13.9 
Finance lease amortization0.3 0.2 0.8 0.8 
Cash flow information consisted of the following (1):
SuccessorPredecessor
(in millions of U.S. Dollars)Period from September 30, 2025 to June 28, 2026Period from June 30, 2025 to September 29, 2025Fiscal Year Ended June 29, 2025Fiscal Year Ended June 30, 2024
Cash (used in) provided by operating activities:
Cash paid for operating leases($15.6)($4.1)($15.5)($12.6)
Cash received for tenant allowance on operating leases— — 1.8 0.4 
Cash paid for interest portion of financing leases(0.2)(0.1)(0.2)(0.3)
Cash used in financing activities:
Cash paid for principal portion of finance leases(0.4)(0.1)(0.5)(0.4)
(1) See "Statements of Cash Flows - non-cash activities" in Note 2, "Basis of Presentation and Summary of Significant Accounting Policies," for non-cash activities related to leases.
Supplemental Disclosures
Successor
Operating LeasesFinance Leases
Weighted average remaining lease term (in months) (1)
142452
Weighted average discount rate (2)
11.77 %13.84 %
(1) Weighted average remaining lease term of finance leases without the 49-year ground lease is 19 months.
(2) Weighted average discount rate of finance leases without the 49-year ground lease is 10.18%.
Schedule of Maturities of Operating Lease Liabilities
Maturities of operating and finance lease liabilities as of June 28, 2026 were as follows:
(in millions of U.S. Dollars)Successor
Fiscal Year EndingOperating LeasesFinance LeasesTotal
June 27, 2027$19.2 $0.4 $19.6 
June 25, 202818.1 0.3 18.4 
June 24, 202917.3 0.3 17.6 
June 30, 203016.0 0.2 16.2 
June 29, 203115.5 0.3 15.8 
Thereafter115.1 13.3 128.4 
Total lease payments201.2 14.8 216.0 
Future tenant improvement allowances— — — 
Imputed lease interest(94.6)(12.7)(107.3)
Total lease liabilities$106.6 $2.1 $108.7 
Schedule of Maturities of Finance Lease Liabilities
Maturities of operating and finance lease liabilities as of June 28, 2026 were as follows:
(in millions of U.S. Dollars)Successor
Fiscal Year EndingOperating LeasesFinance LeasesTotal
June 27, 2027$19.2 $0.4 $19.6 
June 25, 202818.1 0.3 18.4 
June 24, 202917.3 0.3 17.6 
June 30, 203016.0 0.2 16.2 
June 29, 203115.5 0.3 15.8 
Thereafter115.1 13.3 128.4 
Total lease payments201.2 14.8 216.0 
Future tenant improvement allowances— — — 
Imputed lease interest(94.6)(12.7)(107.3)
Total lease liabilities$106.6 $2.1 $108.7