v3.26.1
Fair Value of Financial Instruments (Tables)
12 Months Ended
Jun. 28, 2026
Fair Value Disclosures [Abstract]  
Schedule of fair value and carrying value of our debt
The fair value and carrying value of our debt as of June 28, 2026 and June 29, 2025 are as follows:
June 28, 2026June 29, 2025
Carrying value$1,808,584 $1,321,790 
Fair value1,567,317 1,316,993 
Schedule of fair value measurements and hierarchy level
The Company holds certain liabilities that are required to be measured at fair value on a recurring basis. The following table is a summary of fair value measurements and hierarchy level as of June 28, 2026 and June 29, 2025:
June 28, 2026
Level 1Level 2Level 3Total
Earnout shares$— $— $2,163 $2,163 
Total liabilities$— $— $2,163 $2,163 
June 29, 2025
Level 1Level 2Level 3Total
Interest rate collars$— $16 $— $16 
Earnout Shares— — 36,183 36,183 
Total liabilities$— $16 $36,183 $36,199 
Schedule of fair value of the warrant liability is classified as Level 1 and Level 3
The fair value of earn-out shares was established using a Monte Carlo simulation Model (level 3 inputs). The key inputs into the Monte Carlo simulations as of June 28, 2026 and June 29, 2025 were as follows:
June 28, 2026June 29, 2025
Expected term in years0.461.46
Expected volatility55%50%
Risk-free interest rate3.92%3.86%
Stock price$7.89$9.31
Dividend yield3.04%2.36%
Schedule of classification of the derivative liability fair value
The following table sets forth a summary of changes in the estimated fair value of the Company's Level 3 Earnout liability for the years ended June 28, 2026 and June 29, 2025:
Fiscal Year Ended
June 28, 2026June 29, 2025
Balance as of beginning of period$36,183 $137,636 
Issuances13 31 
Changes in fair value(34,033)(101,484)
Balance as of end of period$2,163 $36,183