v3.26.1
Stockholders’ Equity (Tables)
12 Months Ended
Jul. 03, 2026
Share-Based Payment Arrangement [Abstract]  
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 PurchasedAverage Price Paid Per ShareAggregate Purchase Amount
(In thousands)
Fiscal 2026151,229 $17.64 $2,668 
Fiscal 202539,800 $15.46 $598 
Fiscal 202411,208 $29.59 $332 
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)202620252024
By Expense Category:
Cost of product sales and services$146 $233 $406 
Research and development135 534 593 
Selling and administrative5,921 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 stock3,787 4,636 3,941 
Performance shares1,797 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 ExpenseRemaining Recognition Period
(In thousands)(Years)
Options$86 0.15
Restricted stock4,997 1.56
Performance shares3,007 1.52
Total$8,090 
Schedule of Stock Options Activities
A summary of the option activity during fiscal 2026 is as follows:
Number of SharesWeighted-Average
Exercise Price
Weighted-Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
(In thousands)(Years)(In thousands)
Options outstanding as of June 27, 2025368 $27.81 3.37$1,135 
Exercised(58)$10.00 
Forfeited(5)$32.94 
Expired(19)$33.91 
Options outstanding as of July 03, 2026286 $30.95 2.97$252 
Options vested and expected to vest as of July 03, 2026286 $30.95 2.97$252 
Options exercisable as of July 03, 2026251 $30.58 2.81$252 
Schedule of Additional Information of Stock Options
Additional information related to stock options is summarized below:
Fiscal Year
(In thousands)202620252024
Intrinsic value of options exercised$852 $235 $2,057 
Fair value of options vested$585 $228 $1,190 
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
202620252024
Dividend yieldN/AN/A— %
Expected volatilityN/AN/A60.8 %
Risk-free interest rateN/AN/A4.7 %
Expected term (in years)N/AN/A3.6
Schedule of Stock Options Outstanding and Exercisable
The following summarizes options outstanding and exercisable as of July 3, 2026:
Options OutstandingOptions Exercisable
Actual Range of Exercise PricesNumber
Outstanding
Weighted-Average
Remaining
Contractual
Life
Weighted-Average
Exercise Price
Number
Exercisable
Weighted-Average
Exercise Price
(In thousands)(Years)(In thousands)
$7.23$35.97286 2.97$30.95 251 $30.58 
Schedule of Status of Restricted Stock
A summary of the restricted stock activity during fiscal 2026 is as follows:
SharesWeighted-Average
Grant Date
Fair Value
(In thousands)
Restricted stock outstanding as of June 27, 2025323 $23.11 
Granted251 $23.09 
Vested and released(152)$21.30 
Forfeited(77)$25.40 
Restricted stock outstanding as of July 03, 2026345 $23.38 
A summary of the performance shares activity during fiscal 2026 is as follows:
SharesWeighted-Average
Grant Date
Fair Value
(In thousands)
Performance shares outstanding as of June 27, 2025229 $28.57 
Granted137 $27.39 
Vested and released(35)$37.09 
Forfeited(56)$27.23 
Performance shares outstanding as of July 03, 2026275 $27.18 
Schedule of Market Condition Award Valuation Assumptions A summary of the significant assumptions is as follows:
Fiscal Year
202620252024
Dividend yield— %— %— %
Expected volatility53.6 %44.5 %57.7 %
Risk-free interest rate3.5 %3.8 %4.7 %
Expected term (in years)2.82.72.9