Leases

12 Months Ended

Jul. 03, 2026

The Company leases office space, assembly facilities, repair and service centers, and warehouses globally. Operating lease right-of-use assets and lease liabilities are recognized with initial lease terms greater than one year. Leases with an initial term of 12 months or less are not recognized on the consolidated balance sheets. Lease expense is recognized on a straight-line basis over the lease term.

Supplemental lease information is as follows:


	Fiscal
(In thousands)	2026		2025
Operating lease cost	$	1,359	$	1,790
Short-term lease cost	6,471		5,801
Variable lease cost	67		83
Total lease cost	$	7,897	$	7,674


	Fiscal
(In thousands, except for weighted-average)	2026			2025
Weighted-average remaining lease term	5.3 years			4.8 years
Weighted-average discount rate	5.8		%	5.0		%
Right-of-use assets obtained in exchange for operating lease liabilities	$	539		$	726
Reduction of operating lease right-of-use assets and lease liabilities resulting from lease terminations	$	(441)		$	—
Cash paid for operating lease liabilities	$	1,256		$	1,731

As of July 3, 2026, future minimum lease payments under all non-cancelable operating leases with an initial term greater than one year are as follows (in thousands):


2027	$	566
2028	514
2029	386
2030	290
2031	231
Thereafter	641
Total lease payments	2,628
Less: interest	(447)
Present value of lease liabilities	$	2,181