v3.26.1
Stock based compensation (Tables)
12 Months Ended
Jun. 28, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Payment Compensation Expense
The amounts of stock-based compensation expense recognized within operating income (1) in the periods presented are as follows:
Years Ended
June 28, 2026June 29, 2025June 30, 2024
(in thousands)
Stock options$2,634 $4,729 $4,422 
Restricted stock awards8,622 7,162 6,266 
Total11,256 11,891 10,688 
(1)Stock-based compensation expense has not been allocated among business segments, but is reflected as part of Corporate overhead (See Note 17 - Business segments for details).
Schedule of Stock-Based Payment Compensation Expense by Operating Expense Line Item
Stock-based compensation expense is recorded within the following line items of operating expenses:
Years Ended
June 28, 2026June 29, 2025June 30, 2024
(in thousands)
Marketing and sales$5,178 $5,470 $4,916 
Technology and development901 951 855 
General and administrative5,177 5,470 4,917 
Total$11,256 $11,891 $10,688 
Schedule of Valuation Assumptions for Stock Options
The weighted average fair value of stock options on the date of grant, and the assumptions used to estimate the fair value of the stock options using the Black-Scholes option valuation model, were as follows:
Years Ended
June 28, 2026June 29, 2025June 30, 2024
(1)
Weighted average fair value of options grantedn/a$3.25$6.09
Expected volatilityn/a58%56%
Expected life (in years)n/a77
Risk-free interest raten/a4.3%3.9%
Expected dividend yieldn/a—%—%
(1) No options were granted during the fiscal year ended June 28, 2026.
Schedule of Stock Option Activity
The following table summarizes stock option activity during the year ended June 28, 2026:
OptionsWeighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
(in years)(in thousands)
Outstanding beginning of period3,329,718$8.59 
Granted— $— 
Exercised— $— 
Forfeited/Expired(445,896)$8.59 
Outstanding end of period2,883,822$8.59 6.97$— 
Exercisable at June 28, 20261,938,093$8.71 6.48$— 
Schedule of Nonvested Restricted Stock Activity
The following table summarizes the activity of non-vested restricted stock during the year ended June 28, 2026:
SharesWeighted
Average
Grant Date
Fair Value
Non-vested – beginning of period2,110,656$9.98 
Granted4,420,017$4.70 
Vested(841,448)$7.75 
Forfeited(1,543,474)$5.88 
Non-vested - end of period4,145,751$6.33