v3.26.1
Leases (Tables)
 12 Months Ended
Jun. 28, 2026
Leases [Abstract]  
Schedule of lease cost and cash flow information
The following table summarizes the components of the net lease cost:
Fiscal Year Ended
Lease Costs:Location on Consolidated Statements of OperationsJune 28, 2026June 29, 2025June 30, 2024
Operating Lease Costs: (1)
Operating lease costs associated with master leases for locationsPrimarily Location operating costs$14,804 $17,709 $17,711 
Operating lease costs associated with non-master leases for locationsPrimarily Location operating costs65,137 61,856 52,355 
Percentage rental costs for locations (2)
Primarily Location operating costs7,800 6,650 7,041 
Equipment and other operating lease costs (3)
Primarily Location operating costs8,855 4,832 6,983 
Total Operating Lease Costs:96,596 91,047 84,090 
Finance Lease Costs:
Amortization of right-of-use assetsDepreciation and amortization11,094 17,446 17,160 
Interest expenseInterest expense, net30,750 49,653 49,198 
Total Finance Lease Costs:41,844 67,099 66,358 
Financing Obligation Costs:
Interest expenseInterest expense, net41,502 40,742 28,333 
Total Financing Obligation Costs:41,502 40,742 28,333 
Other Costs, Net:
Variable occupancy costs (4)
Primarily Location operating costs60,541 68,443 60,189 
Gains from modifications and terminations of operating leasesOther operating (income) expense, net(3,276)(903)(499)
Other lease costs (5)
Primarily Location operating costs1,278 811 6,866 
Sublease income (6)
Revenues - Amusement & other(4,870)(4,748)(5,071)
Total Other Costs, Net53,673 63,603 61,485 
Total Lease Costs, Net$233,615 $262,491 $240,266 
(1)Operating lease costs include both cash and non-cash expenses for operating leases. The operating lease costs associated with our locations are recognized evenly over the lease term, therefore, the timing of the expense may differ from the timing of actual cash payments. Cash payments and lease costs can differ due to (a) the timing of cash payments relative to the level expense, (b) non-cash adjustments as a result of purchase accounting, and (c) various other non-cash adjustments to lease costs. Please see the table below for cash paid for amounts included within our lease liabilities.
(2)Percentage rental costs for our locations primarily represent leases where we pay an extra rental amount based on a percentage of revenue in excess of predetermined revenue thresholds.
(3)Equipment and other operating lease costs primarily represent operating lease costs for equipment leases, common area maintenance charges, and other variable lease costs for operating leases where the lease payments escalate based on an index or rate.
(4)Variable occupancy costs primarily represent utilities, property insurance, and real estate taxes.
(5)Other lease costs primarily include short-term lease costs and other variable payments for various equipment leases.
(6)Sublease income primarily represent short-term leases with pro-shops and various retail tenants.
Cash Paid for amounts included in the measurement of lease liabilities was as follows:
Fiscal Year Ended
June 28, 2026June 29, 2025
Cash paid for amounts included in the measurement of lease liabilities (1)
Operating leases:
Operating cash flows paid for operating leases$74,223 $65,781 
Total cash paid for operating lease liabilities74,223 65,781 
Finance leases:
Operating cash flows paid for interest portion of finance leases27,440 47,234 
Financing cash flows paid for principal portion of finance leases1,732 1,615 
Total cash paid for finance lease liabilities29,172 48,849 
Financing Obligations:
Operating cash flows paid for interest portion of financing obligations32,981 32,402 
Total cash paid for financing obligations:32,981 32,402 
Total cash amounts paid that are included in the measurement of lease liabilities:(2)
$136,376 $147,032 
(1)This table includes cash paid for amounts included in the measurement of our lease liabilities. Since the lease liability only includes amounts that are contractually fixed, this table excludes cash paid for amounts that are variable in nature, such as utilities, common area maintenance, property insurance, real estate taxes, and percentage rent.
(2)The total cash amounts within the above table include deferred repayments of $2,013 for operating leases and $4,341 for finance leases for the fiscal year ended June 29, 2025. As of June 29, 2025, there were no deferred payments remaining.
Other supplemental cash flow information related to leases was as follows:
Fiscal Year Ended
June 28, 2026June 29, 2025
Supplemental Cash flow Information:
Operating Cash Flows from landlord contributions
$3,456 $10,519 
Financing Cash Flows from landlord contributions
1,481 417 
Purchases of operating lease assets31,186 — 
Purchases of operating lease liabilities33,393 — 
Purchases of finance lease assets206,064 — 
Purchases of finance lease liabilities267,715 — 
Other Non-cash Lease activities(1):
Lease liabilities arising from operating lease assets
34,046 75,336 
Lease liabilities arising from finance lease assets
7,974 1,008 
(1)The change in lease assets is substantially the same as the change in lease liabilities
Supplemental balance sheet information and weighted average lease term and discount rate
Supplemental balance sheet information related to leases was as follows:
Balance Sheet LocationJune 28, 2026June 29, 2025
Operating leases:
    ROU AssetsOperating lease right of use assets$514,731 $588,594 
    Lease liabilities, Short-term(1)
Current obligations of operating lease liabilities35,053 33,103 
    Lease liabilities, Long-termLong-term obligations of operating lease liabilities541,360 606,692 
Finance leases:
    ROU Assets, netFinance lease right of use assets, net324,124 507,701 
    Lease liabilities, Short-term(1)
Other current liabilities1,730 780 
    Lease liabilities, Long-termLong-term obligations of finance lease liabilities453,097 683,161 
Financing Obligations:
    Financing obligation, long-termLong-term financing obligations457,737 449,215 
(1)Lease incentive receivables from landlords of $0 and $3,975 as of June 28, 2026 and June 29, 2025, respectively, are reflected as a reduction of the operating and finance lease liability.
The following table summarizes the weighted average remaining lease term and weighted average remaining discount rate:
Weighted average remaining lease terms in yearsJune 28, 2026June 29, 2025
Operating leases17.3818.26
Finance leases28.5129.91
Financing obligations51.9252.91
Weighted average discount rate
Operating leases7.45 %7.50 %
Finance leases7.34 %7.56 %
Financing obligations9.53 %9.53 %
Schedule of the future minimum rent payments under operating leases
The following table summarizes the maturity of our operating leases, finance leases, and financing obligations as of June 28, 2026:
Operating leasesFinance leasesFinancing obligations
2027$73,582 $31,856 $33,659 
202879,253 35,766 37,218 
202967,246 33,199 35,074 
203057,516 30,583 32,773 
203158,401 33,628 36,418 
Thereafter:744,682 990,145 3,310,784 
Total lease payments1,080,680 1,155,177 3,485,926 
Less: imputed interest(504,267)(700,350)(3,028,189)
Present value of lease liability:$576,413 $454,827 $457,737 
Schedule of the future minimum rent payments under finance leases
The following table summarizes the maturity of our operating leases, finance leases, and financing obligations as of June 28, 2026:
Operating leasesFinance leasesFinancing obligations
2027$73,582 $31,856 $33,659 
202879,253 35,766 37,218 
202967,246 33,199 35,074 
203057,516 30,583 32,773 
203158,401 33,628 36,418 
Thereafter:744,682 990,145 3,310,784 
Total lease payments1,080,680 1,155,177 3,485,926 
Less: imputed interest(504,267)(700,350)(3,028,189)
Present value of lease liability:$576,413 $454,827 $457,737 
Schedule of the future minimum payments under finance obligation
The following table summarizes the maturity of our operating leases, finance leases, and financing obligations as of June 28, 2026:
Operating leasesFinance leasesFinancing obligations
2027$73,582 $31,856 $33,659 
202879,253 35,766 37,218 
202967,246 33,199 35,074 
203057,516 30,583 32,773 
203158,401 33,628 36,418 
Thereafter:744,682 990,145 3,310,784 
Total lease payments1,080,680 1,155,177 3,485,926 
Less: imputed interest(504,267)(700,350)(3,028,189)
Present value of lease liability:$576,413 $454,827 $457,737