Stockholders’ Equity (Tables)
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12 Months Ended |
Jul. 03, 2026 |
| Share-Based Payment Arrangement [Abstract] |
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| Schedule of Repurchase of Common Stock |
The following table summarizes the Company’s repurchases of its common stock in fiscal 2026, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | Shares Purchased | | Average Price Paid Per Share | | Aggregate Purchase Amount | | | | | | | (In thousands) | | Fiscal 2026 | | 151,229 | | | $ | 17.64 | | | $ | 2,668 | | | Fiscal 2025 | | 39,800 | | | $ | 15.46 | | | $ | 598 | | | Fiscal 2024 | | 11,208 | | | $ | 29.59 | | | $ | 332 | |
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| Schedule of Compensation Expense for Share-based Compensation Awards |
The following table presents the compensation expense for share-based awards included in the consolidated statements of operations for fiscal 2026, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | Fiscal Year | | (In thousands) | | 2026 | | 2025 | | 2024 | | By Expense Category: | | | | | | | | Cost of product sales and services | | $ | 146 | | | $ | 233 | | | $ | 406 | | | Research and development | | 135 | | | 534 | | | 593 | | | Selling and administrative | | 5,921 | | | 6,300 | | | 6,342 | | | Total share-based compensation expense | | $ | 6,202 | | | $ | 7,067 | | | $ | 7,341 | | | By Type of Award: | | | | | | | | Options | | $ | 618 | | | $ | 1,046 | | | $ | 1,549 | | | Restricted stock | | 3,787 | | | 4,636 | | | 3,941 | | | Performance shares | | 1,797 | | | 1,385 | | | 1,851 | | | Total share-based compensation expense | | $ | 6,202 | | | $ | 7,067 | | | $ | 7,341 | |
The following table summarizes the unamortized compensation expense and the remaining years over which such expense would be expected to be recognized, on a weighted-average basis, by type of award: | | | | | | | | | | | | | | | | | July 3, 2026 | | | Unamortized Expense | | Remaining Recognition Period | | | (In thousands) | | (Years) | | Options | | $ | 86 | | | 0.15 | | Restricted stock | | 4,997 | | | 1.56 | | Performance shares | | 3,007 | | | 1.52 | | Total | | $ | 8,090 | | | |
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| Schedule of Stock Options Activities |
A summary of the option activity during fiscal 2026 is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Number of Shares | | Weighted-Average Exercise Price | | Weighted-Average Remaining Contractual Term | | Aggregate Intrinsic Value | | (In thousands) | | | | (Years) | | (In thousands) | | Options outstanding as of June 27, 2025 | 368 | | | $ | 27.81 | | | 3.37 | | $ | 1,135 | | | | | | | | | | | Exercised | (58) | | | $ | 10.00 | | | | | | | Forfeited | (5) | | | $ | 32.94 | | | | | | | Expired | (19) | | | $ | 33.91 | | | | | | | Options outstanding as of July 03, 2026 | 286 | | | $ | 30.95 | | | 2.97 | | $ | 252 | | | Options vested and expected to vest as of July 03, 2026 | 286 | | | $ | 30.95 | | | 2.97 | | $ | 252 | | | Options exercisable as of July 03, 2026 | 251 | | | $ | 30.58 | | | 2.81 | | $ | 252 | |
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| Schedule of Additional Information of Stock Options |
Additional information related to stock options is summarized below: | | | | | | | | | | | | | | | | | | | Fiscal Year | | (In thousands) | 2026 | | 2025 | | 2024 | | Intrinsic value of options exercised | $ | 852 | | | $ | 235 | | | $ | 2,057 | | | Fair value of options vested | $ | 585 | | | $ | 228 | | | $ | 1,190 | |
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| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions |
The fair value of each option grant was estimated using the Black-Scholes option pricing model on the date of grant for option grants during fiscal 2024. No option grants were issued during fiscal 2026 and 2025. A summary of the weighted-average significant assumptions used in the Black-Scholes valuation model is as follows: | | | | | | | | | | | | | | | | | | | Fiscal Year | | 2026 | | 2025 | | 2024 | | Dividend yield | N/A | | N/A | | — | % | | Expected volatility | N/A | | N/A | | 60.8 | % | | Risk-free interest rate | N/A | | N/A | | 4.7 | % | | Expected term (in years) | N/A | | N/A | | 3.6 |
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| Schedule of Stock Options Outstanding and Exercisable |
The following summarizes options outstanding and exercisable as of July 3, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Options Outstanding | | Options Exercisable | | Actual Range of Exercise Prices | | Number Outstanding | | Weighted-Average Remaining Contractual Life | | Weighted-Average Exercise Price | | Number Exercisable | | Weighted-Average Exercise Price | | | | | (In thousands) | | (Years) | | | | (In thousands) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $7.23 | — | $35.97 | | 286 | | | 2.97 | | $ | 30.95 | | | 251 | | | $ | 30.58 | |
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| Schedule of Status of Restricted Stock |
A summary of the restricted stock activity during fiscal 2026 is as follows: | | | | | | | | | | | | | Shares | | Weighted-Average Grant Date Fair Value | | (In thousands) | | | | Restricted stock outstanding as of June 27, 2025 | 323 | | | $ | 23.11 | | | Granted | 251 | | | $ | 23.09 | | | Vested and released | (152) | | | $ | 21.30 | | | Forfeited | (77) | | | $ | 25.40 | | | Restricted stock outstanding as of July 03, 2026 | 345 | | | $ | 23.38 | |
A summary of the performance shares activity during fiscal 2026 is as follows: | | | | | | | | | | | | | Shares | | Weighted-Average Grant Date Fair Value | | (In thousands) | | | | Performance shares outstanding as of June 27, 2025 | 229 | | | $ | 28.57 | | | Granted | 137 | | | $ | 27.39 | | | Vested and released | (35) | | | $ | 37.09 | | | Forfeited | (56) | | | $ | 27.23 | | | Performance shares outstanding as of July 03, 2026 | 275 | | | $ | 27.18 | |
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| Schedule of Market Condition Award Valuation Assumptions |
A summary of the significant assumptions is as follows: | | | | | | | | | | | | | | | | | | | Fiscal Year | | 2026 | | 2025 | | 2024 | | Dividend yield | — | % | | — | % | | — | % | | Expected volatility | 53.6 | % | | 44.5 | % | | 57.7 | % | | Risk-free interest rate | 3.5 | % | | 3.8 | % | | 4.7 | % | | Expected term (in years) | 2.8 | | 2.7 | | 2.9 |
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