v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 28, 2026
Jun. 29, 2025
Jun. 30, 2024
Operating activities      
Net loss $ (35,777) $ (10,022) $ (83,581)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 129,270 156,852 145,364
Loss on impairment and disposal of fixed assets, net 22,128 10,905 61,433
Income from equity method investment (322) (301) (614)
Amortization of deferred financing costs 7,788 3,914 3,510
Non-cash interest expense on finance lease obligation 11,558 10,634 9,739
Reduction of operating lease right of use assets 38,429 36,912 34,828
Non-cash portion of gain on lease modification (3,276) (903) (499)
Deferred income taxes (9,761) 45,871 (34,339)
Share-based compensation 12,627 21,632 13,775
Distributions from equity method investments 267 294 350
Change in fair value of earnout liability (34,033) (101,484) 25,456
Changes in assets and liabilities, net of business acquisitions:      
Accounts and notes receivable, net (1,767) (703) (3,654)
Inventories 262 (1,767) (536)
Prepaid expenses, other current assets and other assets (4,105) (18,380) (5,971)
Accounts payable and accrued expenses 3,958 14,165 14,020
Operating lease liability (30,408) (14,358) (26,189)
Other current liabilities (1,790) (5,689) 865
Other long-term liabilities (1,152) 29,649 873
Net cash provided by operating activities 103,896 177,221 154,830
Investing activities      
Purchases of property and equipment (113,680) (141,066) (194,319)
Purchases of previously leased assets (246,795) 0 0
Purchases of intangible assets (4,663) 0 (259)
Proceeds from sale of property and equipment 0 1,655 0
Proceeds from sale of intangibles 0 0 65
Acquisitions, net of cash acquired (88,127) (80,900) (191,143)
Net cash used in investing activities (453,265) (220,311) (385,656)
Financing activities      
Repurchase of Class A common stock into Treasury stock (35,313) (72,138) (254,309)
Proceeds from share issuance 1,216 1,288 1,274
Settlement of equity awards 0 (21,053) 0
Settlement of Series A preferred stock 0 0 (751)
Payments for tax withholdings on share-based awards (895) (6,155) (1,473)
Payment of cash dividends (34,619) (33,551) (24,960)
Payment of long-term debt (1,283,207) (10,410) (12,763)
Proceeds from term loan 1,186,058 150,000 0
Proceeds from Senior Secured Notes 495,866 0 0
Proceeds from bridge term loan 230,000 0 0
Payment of bridge term loan (230,000) 0 0
Proceeds from Revolver draws 245,000 140,000 175,000
Payoff of Revolver (175,000) (110,000) (175,000)
Proceeds from sale-leaseback financing 0 0 408,510
Proceeds on finance leases 1,481 417 0
Payment on finance leases (1,732) (1,615) (6,322)
Other financing, net 302 0 0
Purchases of previously leased assets (61,651) 0 0
Payment of deferred financing costs (9,054) (923) (7,049)
Net cash provided by financing activities 328,452 35,860 102,157
Effect of exchange rates on cash 591 (56) 8
Net decrease in cash and cash equivalents (20,326) (7,286) (128,661)
Cash and cash equivalents at beginning of period 59,686 66,972 195,633
Cash and cash equivalents at end of period $ 39,360 $ 59,686 $ 66,972