v3.26.1
Share-Based Compensation (Tables)
12 Months Ended
Jun. 28, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of stock options outstanding
A summary of the 2017 Plan stock options outstanding at June 28, 2026 and June 29, 2025, and changes during the years then ended is presented below:
Number of
Options
Weighted
Average
Exercise
Price Per Share
Weighted
Average
Remaining
Contractual
Term
Aggregate Intrinsic Value
Outstanding at June 30, 202419,965,344 $7.22 7.51
Exercised - stock(4,082,100)7.92 $11,809 
Outstanding at June 29, 202515,883,244 $7.05 6.51
Exercised - stock(16,317)3.22 $91 
Forfeited and canceled(3,428)3.13 
Outstanding at June 28, 202615,863,499 $7.05 5.52$13,316 
Vested as of June 28, 202615,863,499 $7.05 5.52$13,316 
Exercisable as of June 28, 202615,863,499 $7.05 5.52$13,316 
A summary of stock options outstanding under the 2021 Plan at June 28, 2026 and June 29, 2025, and changes during the period then ended is presented below:
Number of
Options
Weighted
Average
Exercise
Price Per Share
Weighted
Average
Remaining
Contractual
Term
Aggregate Intrinsic Value
Outstanding at June 30, 20249,153,103 $13.91 7.83
Granted509,622 10.38 
Settled - cash(773,753)10.51 
Forfeited and cancelled(53,300)15.59 
Outstanding at June 29, 20258,835,672 $13.99 6.94
Granted482,996 8.92 
Forfeited and cancelled(471,916)13.84 
Outstanding at June 28, 20268,846,752 $13.72 6.03$— 
Vested as of June 28, 20265,368,633 $12.66 5.92$— 
Exercisable as of June 28, 20265,368,633 $12.66 5.92$— 
Schedule of fair value of options at the date of grant was estimated using the Black-Scholes The following table presents the significant assumptions used in the Black-Scholes model with the following range of weighted average assumptions for options granted in the fiscal years ended June 28, 2026 and June 29, 2025:
June 28, 2026June 29, 2025
Expected term in years10.0010.00
Interest rate4.12 %4.31 %
Volatility45.0 %50.0 %
Dividend yield2.65 %2.12 %
Schedule of RSU activity The following table presents a summary of RSUs subject to time-based service conditions and changes during the period then ended as of June 28, 2026 and June 29, 2025:
Number of
Units
Weighted
Average
Grant Date Fair Value Per Share
Outstanding at June 30, 2024676,064 $11.44 
Granted471,474 10.66 
Vested(393,393)10.95 
Forfeited(56,781)11.57 
Outstanding at June 29, 2025697,364 $11.18 
Granted555,609 8.87 
Vested(360,201)11.47 
Forfeited(163,148)10.26 
Outstanding at June 28, 2026729,624 $9.48 
The following table presents a summary of the earnout RSUs subject to market conditions and changes during the period then ended as of June 28, 2026 and June 29, 2025:
Number of
Units
Weighted
Average
Grant Date Fair Value Per Share
Outstanding at June 30, 202443,465 $7.86 
Forfeited(3,545)7.86 
Outstanding at June 29, 202539,920 $7.86 
Forfeited(7,743)7.86 
Outstanding at June 28, 202632,177 $7.86 
The following table presents a summary those RSUs subject to market and service conditions, and changes during the period then ended as of June 28, 2026 and June 29, 2025:
Number of
Units
Weighted
Average
Grant Date Fair Value Per Share
Outstanding at June 30, 2024243,379 $7.48 
Granted509,861 15.07 
Vested(183,075)6.64 
Forfeited(19,300)11.85 
Outstanding at June 29, 2025550,865 $14.63 
Granted624,555 12.93 
Vested(2,250)8.50 
Cancelled - market condition not achieved(301,544)14.18 
Outstanding at June 28, 2026871,626 $13.58 
Schedule of total compensation cost by plan
As of June 28, 2026, the total share-based compensation cost not yet recognized is as follows:

Award PlanUnrecognized Compensation CostWeighted Average Remaining Period of Recognition
Stock options2021 Plan$6,725 1.82
Service based RSUs2021 Plan4,405 1.64
Market and service based RSUs2021 Plan8,634 2.19
Earnout RSUs2021 Plan24 0.46
ESPPESPP213 0.50
Total unrecognized share-based compensation cost$20,001 1.95
Share-based compensation recognized in the consolidated statements of operations is as follows:
Fiscal Year Ended
Award PlanJune 28, 2026June 29, 2025June 30, 2024
Stock options2021 Plan$5,688 $9,486 $8,702 
Service based RSUs2021 Plan4,151 4,478 4,062 
Market and service based RSUs2021 Plan2,500 1,967 482 
Earnout RSUs2021 Plan48 40 
Other stock-based awards & settlements (1)
2021 Plan— 5,249 — 
ESPPESPP281 404 489 
Total share-based compensation expense$12,627 $21,632 $13,775 
(1) Consists of the impact of the $21,053 cash settlement of 1,747,434 shares of Class A common stock and 773,753 stock options as part of an employment separation agreement with a long-time executive and Director of the Company during fiscal 2025, which resulted in an equity charge of $16,244 within Additional paid-in capital and share-based compensation expense within Selling, general, and administrative expenses of $4,809. The settled Class A common stock and stock options were then cancelled.