Share-based compensation (Tables)
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6 Months Ended |
Dec. 29, 2023 |
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| Share-Based Payment Arrangement [Abstract] |
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| Summary of Effect of Recording Share-Based Compensation Expense |
The effect of recording share-based compensation expense for the three and six months ended December 29, 2023 and December 30, 2022 was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | (in thousands) | December 29,
2023 | | December 30,
2022 | | December 29,
2023 | | December 30,
2022 | | Share-based compensation expense by type of award: | | | | | | | | | Restricted share units | $ | 4,088 | | | $ | 3,999 | | | $ | 8,967 | | | $ | 8,900 | | | Performance share units | 2,893 | | | 2,776 | | | 5,747 | | | 5,598 | | | Total share-based compensation expense | 6,981 | | | 6,775 | | | 14,714 | | | 14,498 | | | Tax effect on share-based compensation expense | — | | | — | | | — | | | — | | | Net effect on share-based compensation expense | $ | 6,981 | | | $ | 6,775 | | | $ | 14,714 | | | $ | 14,498 | |
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| Schedule of Share-Based Compensation Expense Recorded in Condensed Consolidated Statements of Operations and Comprehensive Income |
Share-based compensation expense was recorded in the unaudited condensed consolidated statements of operations and comprehensive income as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | (in thousands) | December 29,
2023 | | December 30,
2022 | | December 29,
2023 | | December 30,
2022 | | Cost of revenue | $ | 1,701 | | | $ | 1,660 | | | $ | 3,866 | | | $ | 3,576 | | | Selling, general and administrative expense | 5,280 | | | 5,115 | | | 10,848 | | | 10,922 | | | | | | | | | | | Total share-based compensation expense | $ | 6,981 | | | $ | 6,775 | | | $ | 14,714 | | | $ | 14,498 | |
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| Share-Based Payment Arrangement, Activity |
The following table summarizes the number of equity awards outstanding and ordinary shares available for grant under each of the Equity Incentive Plans as of December 29, 2023: | | | | | | | | | | | | | | | | | | | (share units) | Restricted Share Units outstanding | | Performance Share Units outstanding | | Ordinary Shares available for future grant | | 2020 Plan | 327,764 | | | 171,078 | | | 1,758,843 | | | 2017 Inducement Plan | — | | | — | | | 111,347 | | | Total | 327,764 | | | 171,078 | | | 1,870,190 | |
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| Schedule of Restricted Share Unit Activity |
The following table summarizes restricted share unit activity under the Equity Incentive Plans: | | | | | | | | | | | | | | Number
of
Shares | | Weighted-
Average Grant
Date Fair Value
Per Share | Balance as of June 30, 2023 | 368,765 | | | $ | 97.49 | | | Granted | 114,159 | | | $ | 160.54 | | | Vested | (145,067) | | | $ | 86.07 | | | Forfeited | (10,093) | | | $ | 120.71 | | Balance as of December 29, 2023 | 327,764 | | | $ | 123.79 | |
| | | | | | | | | | | | | | Number
of
Shares | | Weighted-
Average Grant
Date Fair Value
Per Share | | Balance as of June 24, 2022 | 459,626 | | | $ | 75.14 | | | Granted | 148,830 | | | $ | 119.14 | | | Vested | (189,375) | | | $ | 64.23 | | | Forfeited | (15,028) | | | $ | 89.86 | | Balance as of December 30, 2022 | 404,053 | | | $ | 95.91 | |
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| Schedule of Performance Share Unit Activity |
The following table summarizes performance share unit activity under the Equity Incentive Plans: | | | | | | | | | | | | | | Number
of
Shares | | Weighted-
Average Grant
Date Fair Value
Per Share | Balance as of June 30, 2023 | 204,016 | | | $ | 108.81 | | | Granted | 73,936 | | | $ | 158.91 | | | Vested | (106,874) | | | $ | 101.05 | | | Forfeited | — | | | $ | — | | Balance as of December 29, 2023 | 171,078 | | | $ | 135.31 | |
| | | | | | | | | | | | | | Number
of
Shares | | Weighted-
Average Grant
Date Fair Value
Per Share | | Balance as of June 24, 2022 | 285,882 | | | $ | 81.64 | | | Granted | 97,142 | | | $ | 117.35 | | | Vested | (179,008) | | | 70.05 | | | Forfeited | — | | | $ | — | | Balance as of December 30, 2022 | 204,016 | | | $ | 108.81 | |
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