v3.26.3
Leases
3 Months Ended
Oct. 03, 2026
Leases [Abstract]  
Leases
Note 12. Leases
The Company is a lessee in several operating leases, primarily real estate facilities for office space. The Company's lease arrangements consist of operating leases with various expiration dates through March 31, 2042. The Company's leases do not contain any material residual value guarantees.
Lease expense and cash flow information related to our operating leases is as follows (in millions):
Three Months Ended
October 3, 2026September 27, 2025
Operating lease costs(1)
$3.8 $3.3 
Cash paid for amounts included in the measurement of operating lease liabilities$3.8 $3.5 
Operating ROU assets obtained in exchange for operating lease obligations$0.7 $8.0 
(1)Total variable lease costs were immaterial during the three months ended October 3, 2026 and September 27, 2025. The total operating lease costs were included in Cost of revenues, R&D, and SG&A in the Consolidated Statements of Operations.
As of October 3, 2026 and September 27, 2025, the weighted-average remaining lease term was 5.4 years and 5.9 years, respectively, and the weighted-average discount rate was 6.5% and 6.2%, respectively.
Future minimum operating lease payments as of October 3, 2026 are as follows (in millions):
Operating Leases
Remainder of fiscal 2027$9.7 
Fiscal 202811.5 
Fiscal 20299.1 
Fiscal 20306.1 
Fiscal 20314.2 
Thereafter8.2 
Total lease payments48.8 
Less: Interest(8.1)
Present value of lease liabilities$40.7