v3.26.1
Restructuring Activities
12 Months Ended
Jul. 03, 2026
Restructuring and Related Activities [Abstract]  
Restructuring Activities Restructuring Activities
The following table summarizes restructuring related activities during fiscal 2026, 2025 and 2024:
(In thousands)Employee Severance and BenefitsFacilities and OtherTotal
Balance as of June 30, 2023$600 $— $600 
Charges, net3,901 — 3,901 
Cash payments(2,783)— (2,783)
Balance as of June 28, 20241,718 — 1,718 
Charges, net3,611 — 3,611 
Cash payments(3,572)— (3,572)
Balance as of June 27, 20251,757 — 1,757 
Charges, net1,800 344 2,144 
Cash payments(2,352)(344)(2,696)
Balance as of July 3, 2026$1,205 $— $1,205 
As of July 3, 2026, the accrued restructuring balance of $1.2 million was included in other current liabilities on the consolidated balance sheets. Included in the above were positions identified for termination that have not been executed from a restructuring perspective. The other activities primarily represent the impact of foreign currency movement.
Fiscal 2026 Plans
During fiscal 2026, the Company’s Board of Directors approved restructuring plans, primarily associated with reductions in workforce in certain of the Company’s operations to optimize skill sets and align cost structure. In addition, restructuring charges also consisted of a $0.3 million early lease termination charge during the year.
Fiscal 2025 Plans
During fiscal 2025, the Company’s Board of Directors approved restructuring plans, primarily associated with reductions in workforce in certain of the Company’s operations to optimize skill sets and align cost structure.
Fiscal 2024 Plans
Activities under fiscal 2024’s plan primarily included reductions in workforce across the Company associated with the NEC Transaction and reductions in workforce in certain of the Company’s operations to optimize skill sets and align cost structure. Payments related to the accrued restructuring balance for the prior fiscal years’ plans are complete.