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Income Taxes (Effective Income Rate Reconciliation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
Income Tax Disclosure [Abstract]
Tax provision at statutory rate	$ 3,550	$ 4,476	$ 6,344
Valuation allowances	(2,354)	302	220
Permanent differences	(20)	19	7
Foreign income inclusions	654	319	0
Effect of flow-through entities	(29)	409	58
Transaction costs	1,092	746	235
State and local taxes, net of U.S. federal tax benefit	877	980	1,534
Foreign income taxed at rates different than the U.S. statutory rate	411	233	439
Executive compensation limitation	729	663	439
Share-based compensation	(339)	(728)	(580)
Tax credit - generated and expired	(125)	(140)	113
Foreign withholding taxes	698	88	267
Change in uncertain tax positions	869	406	644
Return-to-provision/Deferred true-up adjustments	119	359	(269)
Acquisition restructuring and integration	0	3,022	0
Other	14	(9)	(176)
Total provision for income taxes	$ 6,146	$ 11,145	$ 9,275

Revenue Recognition

12 Months Ended

Jun. 28, 2024

Revenue from Contract with Customer [Abstract]

Revenue Recognition

We recognize revenue by applying the following five-step approach: (1) identification of the contract with a customer; (2) identification of the performance obligations in the contract; (3) determination of the transaction price; (4) allocation of the transaction price to the performance obligations in the contract; and (5) recognition of revenue when, or as, we satisfy a performance obligation.

Contracts and customer purchase orders are used to determine the existence of an arrangement.

Many of the Company’s arrangements with customers contain multiple performance obligations and therefore promises to provide multiple goods and services. The Company evaluates each promised good and service in a contract to determine whether it represents a distinct performance obligation or should be accounted for as a combined performance obligation. For goods and services determined to be distinct we have concluded that they provide a benefit to the customer either on their own or together with other resources that are readily available to the customer, without having the need for significant integration or customization.

Revenue from product sales, recognized at a point-in-time, is generated predominately from the sales of products manufactured by third-party manufacturers to whom we have outsourced our manufacturing processes. Printed circuit assemblies, mechanical housings, and packaged modules are manufactured by contract manufacturing partners, with periodic business reviews of material levels and obsolescence. Product assembly, product testing, complete system integration, and system testing may either be performed within our own facilities or at the locations of our third-party manufacturers.

Revenue from services includes certain network planning and design, engineering, installation and commissioning (“field services”), extended warranty, hosted software-as-a-service (“SaaS”), customer support, consulting, training, and education. Maintenance and support services are generally offered to our customers and recognized over a specified period of time and from sales and subsequent renewals of maintenance and support contracts. The network planning and design, engineering and installation related services noted are recognized based on an over-time recognition model using the cost-input method. Certain judgment is required when estimating total contract costs and progress to completion on the over-time

arrangements, as well as whether a loss is expected to be incurred on the contract. The cost estimation process for these contracts is based on the knowledge and experience of the Company’s project managers, engineers, and financial professionals. Changes in job performance and job conditions are factors that influence estimates of the total costs to complete those contracts and the Company’s revenue recognition. If circumstances arise that change the original estimates of revenues, costs, or extent of progress toward completion, revisions to the estimates are made in a timely manner. These revisions may result in increases or decreases in estimated revenues or costs, and such revisions are reflected in income in the period in which the circumstances that gave rise to the revision become known to us. We perform ongoing profitability analysis of our service contracts accounted for under this method to determine whether the latest estimates of revenues, costs, and profits require updating. In rare circumstances if these estimates indicate that the contract will be unprofitable, the entire estimated loss for the remainder of the contract is recorded immediately. We establish billing terms at the time project deliverables and milestones are agreed. Revenues recognized in excess of the amounts invoiced to clients are classified as unbilled receivables and if invoicing is ahead of revenue recognized it is classified as an unearned liability on the consolidated balance sheets.

In addition, shipping documents and customer acceptances, when applicable, are used to verify delivery and transfer of control. We typically satisfy our performance obligations upon shipment or delivery of product depending on the contractual terms. Payment terms to customers generally range from net 30 to 120 days from invoice, which are considered to be standard payment terms. Revenue recognition does not necessarily follow payment terms as there are a number of scenarios where they would be different. Recognition follows contractual terms and those vary depending on the nature of the performance obligation being satisfied. These timing differences result in contract assets and liabilities as discussed below. We assess our ability to collect from our customers based primarily on the creditworthiness and past payment history of the customer.

While our customers do not have the right of return, we reserve for estimated product returns as an offset to revenue based primarily on historical trends. Actual product returns may be different than what was estimated. These factors and unanticipated changes in economic and industry condition could make actual results differ from our return estimates.

We present transactional taxes such as sales and use tax collected from customers and remitted to government authorities on a net basis.

Bill-and-Hold Sales

Certain customer arrangements consist of bill-and-hold characteristics under which control has been transferred to the customer, while we retain physical possession of the product. We evaluate bill-and-hold arrangement criteria to determine when the customer has obtained control. Once control has been obtained by the customer, they can direct or determine the use of the bill-and-hold inventory while we retain physical possession of the product until it is installed at a customer site at a point in time in the future.

Termination Rights

The contract term is determined on the basis of the period over which the parties to the contract have present enforceable rights and obligations. Certain customer contracts include a termination for convenience clause that allows the customer to terminate services without penalty, upon advance notification. We concluded that the duration of support contracts does not extend beyond the non-cancellable portion of the contract.

Variable Consideration

The consideration associated with customer contracts is generally fixed. Variable consideration includes discounts, rebates, refunds, credits, incentives, penalties, or other similar items. The amount of consideration that can vary is not a substantial portion of total consideration.

Variable consideration estimates are re-assessed at each reporting period until a final outcome is determined. The changes to the original transaction price due to a change in estimated variable consideration are applied on a retrospective basis, with the adjustment recorded in the period in which the change occurs. Changes to variable consideration are tracked and material changes disclosed.

Stand-alone Selling Price

Stand-alone selling price is the price at which an entity would sell a good or service on a stand-alone (or separate) basis at contract inception. Under the model, the observable price of a good or service sold separately provides the best

evidence of stand-alone selling price. However, in certain situations, stand-alone selling prices will not be readily observable and the entity must estimate the stand-alone selling price.

When allocating on a relative stand-alone selling price basis, any discount provided in the contract is allocated proportionately to all of the performance obligations in the contract.

The majority of products and services that we offer have readily observable selling prices. For products and services that do not, we estimate stand-alone selling price using the market assessment approach based on expected selling price and adjust those prices as necessary to reflect our costs and margins. As part of our stand-alone selling price policy, we review product pricing on a periodic basis to identify any significant changes and revise our expected selling price assumptions as appropriate.

Shipping and Handling

Shipping and handling costs are included as a component of costs of product sales in our consolidated statements of operations because they are also included in revenue that we bill our customers.

Costs to Obtain a Contract

We have assessed the treatment of costs to obtain or fulfill a contract with a customer. We capitalize sales commissions related to multi-year service contracts, and amortize the asset over the period of benefit, which is the estimated service period. Sales commissions paid on contract renewals, including service contract renewals, is commensurate with the sales commissions paid on the initial contracts. The capitalized sales commissions are included in other current assets and other assets on the consolidated balance sheets. We have not identified any impairments during the periods presented.

We elected the practical expedient to expense sales commissions as incurred when the amortization period of the related asset is one year or less. These costs are recorded as selling and administrative expense and included in the consolidated balance sheet as accrued expenses until paid. Amortization expense was not material for fiscal 2024, 2023 and 2022.

Contract Balances, Performance Obligations, and Backlog

The following table provides information about receivables and liabilities from contracts with customers:


(In thousands)	June 28, 2024		June 30, 2023
Contract Assets
Accounts receivable, net	$	158,013	$	100,911
Unbilled receivables	90,525		57,170
Capitalized commissions	3,269		3,492
Contract Liabilities
Advance payments and unearned revenue	$	58,839	$	44,268
Unearned revenue, long-term	7,413		7,416

Significant changes in contract balances may arise as a result of recognition over time for services, transfer of control for equipment, and periodic payments (both in arrears and in advance).

From time to time, the Company may experience unforeseen events that could result in a change to the scope or price associated with an arrangement. When such events occur, the transaction price and measurement of progress for the performance obligation are updated and this change is recognized as a cumulative catch-up to revenue. Because of the nature and type of contracts, the timeframe to completion and satisfaction of current and future performance obligations can shift; however, this will have no impact on the Company’s future obligation to bill and collect.

As of June 28, 2024, the Company reported $66.3 million in advance payments and unearned revenue and long-term unearned revenue, of which approximately 75% is expected to be recognized as revenue in the next twelve months and the remainder thereafter. Approximately $34.1 million and $47.2 million respectively, of revenue was recognized during fiscal 2024 and 2023 that was included in advance payments and unearned revenue at the beginning of each reporting period.

Remaining Performance Obligations

We elect the practical consideration to exclude performance obligations that relate to contracts with original expected durations of one year or less. As our product purchase orders are generally delivered within one year or less and our maintenance and support service contracts can be terminated without substantive termination penalties resulting in contracts with less than one year of duration, these performance obligations have been excluded from the remaining performance obligation amounts. The aggregate amount of transaction price allocated to the remaining unsatisfied performance obligations (or partially unsatisfied) was approximately $158.5 million at June 28, 2024 relating to our long-term field service projects. Of this amount, we expect to recognize approximately 50% as revenue during fiscal 2025, with the remaining amount to be recognized as revenue beyond 12 months.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
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-Paragraph 10
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-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Related Party Transactions (Related Party Transactions) (Details) $ in Thousands	12 Months Ended
	Jun. 28, 2024 USD ($)
Purchase of inventories \| NEC Corporation
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction	$ 10,853
NEC Corporation \| Transition services received
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction	4,472
NEC Corporation \| Research and development services received
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction	$ 7,222

The Company and Summary of Significant Accounting Policies

12 Months Ended

Jun. 28, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

The Company and Summary of Significant Accounting Policies

The Company

Aviat Networks, Inc. (“Aviat,” the “Company,” “we,” “us,” and “our”) designs, manufactures, and sells wireless networking and access networking solutions and services to mobile and fixed telephone service providers, private network operators, government agencies, transportation and utility companies, public safety agencies and broadcast system operators across the globe. Aviat’s products include broadband wireless access base stations and customer premises equipment for fixed and mobile, point-to-point digital microwave radio systems for access, backhaul, trunking and license-exempt applications, supporting new network deployments, network expansion, and capacity upgrades.

Basis of Presentation

The consolidated financial statements include the accounts of the Company and its wholly-owned and majority owned subsidiaries. All intercompany transactions and accounts have been eliminated. Certain amounts in the consolidated financial statements have been reclassified for comparative purposes to conform to the current period consolidated financial statement presentation.

Aviat’s fiscal year includes 52 or 53 weeks and ends on the Friday nearest to June 30. This was June 28, 2024 for fiscal 2024, June 30, 2023 for fiscal 2023 and July 1, 2022 for fiscal 2022. Fiscal 2024, 2023 and 2022 includes 52 weeks. In the notes to consolidated financial statements, we refer to our fiscal years as “fiscal 2024”, “fiscal 2023” and “fiscal 2022.”

Use of Estimates

The preparation of consolidated financial statements in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) requires the Company to make estimates, assumptions and judgments affecting the amounts reported and related disclosures. Estimates are based upon historical factors, current circumstances and the experience and judgment of management. The Company evaluates estimates and assumptions on an ongoing basis and may employ outside experts to assist in making these evaluations. Changes in such estimates, based on more accurate information, or different assumptions or conditions, may affect amounts reported in future periods. Such estimates affect significant items, including revenue recognition, provision for uncollectible receivables, inventory valuation, goodwill and identified intangible assets in business combinations, valuation allowances for deferred tax assets and uncertainties in income taxes. Actual results may differ materially from estimates.

Revisions to Prior Period Consolidated Financial Statements

Subsequent to the issuance of the consolidated financial statements and related disclosures for the fiscal year ended June 30, 2023, the Company identified certain errors impacting previously reported financial information. In accordance with ASC 250, Accounting Changes and Error Corrections and Staff Accounting Bulletins (“SAB”) No. 99, Materiality and No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements, the Company evaluated the materiality of the errors and determined that the impacts were not material, individually or in the aggregate, to the Company’s previously issued consolidated financial statements for any of the prior reporting periods in which they occurred, but that correcting the error in the current reporting period would be material to the Company’s results of operations for fiscal 2024. As a result, the Company has restated the prior period financial statements and related disclosures for fiscal 2023 to correct the errors for comparability across all periods presented herein. Refer to Note 16. Revisions to Prior Period Consolidated Financial Statements for further information.

Cash, Cash Equivalents and Restricted Cash

All highly liquid investments with an original maturity of three months or less at the date of purchase are considered to be cash equivalents. Cash equivalents are carried at amortized cost, which approximates fair value due to the short-term nature of these investments. Investments with an original maturity of greater than three months are accounted for as short-term investments and are classified as such at the time of purchase.

The Company’s cash and cash equivalents are held at several major financial institutions, which often significantly exceed Federal Deposit Insurance Corporation insured limits. However, a substantial portion of the cash equivalents is invested in prime money market funds which are backed by the securities in the fund.

Cash and cash equivalents that are restricted as to withdrawal or usage under the terms of contractual agreements are recorded as restricted cash. The Company’s restricted cash is included in long-term other assets on the consolidated balance sheets and represents the cash balance on its disability insurance voluntary plan account that cannot be used for any operating purposes other than to pay benefits to the insured employees.

Significant Concentrations

The Company typically invoices customers for the sales order (or contract) value of the related products delivered at various milestones, including order receipt, shipment, installation and acceptance and for services when rendered. The Company’s trade receivables are derived from sales to customers located in North America, Latin America, Europe, Africa, the Middle East, and Asia-Pacific.

Accounts receivable is presented net of allowance for expected credit losses to reflect any loss anticipated on the collection of the Company’s trade receivable balances. The allowance for expected credit losses is based on historical loss information, customer financial condition, and economic and geopolitical conditions for the locations where the Company’s customers operate. Accounts receivable amounts are written off when attempts to collect outstanding amounts have been exhausted or there are other indicators that the amounts are no longer collectible.

The Company regularly requires letters of credit from certain customers and, from time to time, discounts these letters of credit issued by customers through various financial institutions. The discounting of letters of credit depends on many factors, including the willingness of financial institutions to discount the letters of credit and the cost of such arrangements. Under these arrangements, collection risk is fully transferred to the financial institutions. Financing charges on discounting the letters of credit are recorded as interest expense.

During fiscal 2024 and 2023, no customer accounted for more than 10% of total revenue. During fiscal 2022 there was one customer that accounted for 13% of total revenue. As of June 28, 2024, no customer accounted for more than 10% of accounts receivable. As of June 30, 2023, a group of related entities accounted for approximately 14%, of accounts receivable.

Financial instruments that potentially subject the Company to a concentration of credit risk consist principally of cash equivalents, trade accounts receivable and from time to time, financial instruments used in foreign currency hedging activities. The Company invests excess cash primarily in prime money market funds and certificates of deposit. The Company is exposed to credit risks related to such instruments in the event of default or decrease in credit-worthiness of the issuers of the investments. Risks associated with the Company’s cash and cash equivalents are mitigated by banking with creditworthy institutions.

The Company performs ongoing credit evaluations of its customers and generally does not require collateral on accounts receivable, as the majority of customers are large, well-established companies. However, in certain circumstances, the Company may require letters of credit, additional guarantees or advance payments. The Company maintains allowances for expected credit losses, but historically has not experienced any significant losses related to any particular geographic area. The Company’s customers are primarily in the telecommunications industry, and its accounts receivable is exposed to similar credit risk characteristics as that industry.

Inventories

The Company engages third parties to manufacture its products and procures its raw materials from third-party suppliers. In addition, certain strategic component inventory is consigned to third-party manufacturers. Other components included in the Company’s products are sourced from various suppliers and are principally industry standard parts and components that are available from multiple vendors. The inability of a contract manufacturer or supplier to fulfill the Company’s supply requirements or changes in their financial or business condition could disrupt the Company’s ability to supply quality products to its customers, and thereby may have a material adverse effect on the Company’s business and operating results.

Inventories are valued at the lower of cost or net realizable value. Net realizable value is defined as the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. Cost is determined using standard cost, which approximates actual cost on a weighted-average first-in-first-out basis. The Company regularly reviews inventory quantities on hand and records adjustments to reduce the cost of inventory for excess and obsolete inventory based primarily on estimated forecast of product demand and production requirements. Inventory adjustments are measured as the difference between the cost of the inventory and net realizable value based upon assumptions about future demand and charged to the provision for inventory, which is a component of cost of sales. At the point of the loss recognition, a new, lower-cost basis for that inventory is established, and any subsequent improvements in facts and circumstances do not result in the restoration or increase in that newly established cost basis.

The Company stocks customer service related inventories such as service parts because the Company provides product warranties for 12 to 36 months and earns revenue by providing enhanced and extended warranty and repair service during and beyond this warranty period. Customer service related inventories consist of both component parts, which are primarily used to repair defective units, and finished units, which are provided for customer use permanently or on a temporary basis while the defective unit is being repaired. The Company records adjustments to reduce the carrying value of customer service inventories to their net realizable value. Factors influencing these adjustments include product life cycles, end of service life plans and volume of enhanced or extended warranty service contracts. Estimates of net realizable value involve significant estimates and judgments about the future, and revisions would be required if these factors differ from estimates. Refer to Note 5. Balance Sheet Components for further information.

Property, Plant and Equipment

Property, plant and equipment are stated on the basis of cost less accumulated depreciation. The Company capitalizes costs of software, consulting services, hardware and other related costs incurred to purchase or develop internal-use software. Costs incurred during preliminary project assessment, re-engineering, training and application maintenance are charged to expense.

Depreciation is charged to expense on a straight-line basis over the estimated useful lives of the respective assets. Leasehold improvements are depreciated on a straight-line basis over the shorter of the remaining lease term or the estimated useful life of the improvements. The useful lives of the assets are generally as follows:


Buildings			40 years
Leasehold improvements			2 to 10 years


Software and equipment			2 to 5 years

Expenditures for maintenance and repairs are charged to expense as incurred and are included in cost of revenues and selling and administrative expenses on the consolidated statements of operations. Cost and accumulated depreciation of assets sold or retired are removed from the respective property accounts, and any gain or loss is reflected on the consolidated statements of operations.

Business Combinations

The Company accounts for acquisitions as required by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 805, Business Combinations (“ASC 805”). Under the acquisition method of accounting, the assets and liabilities of acquired businesses are recorded at their estimated fair values at the date of acquisition. The excess of the purchase price over the estimated fair values of the assets acquired and liabilities assumed is recorded as goodwill. Determining the fair value of assets acquired and liabilities assumed requires management’s judgment and involves the use of significant estimates and assumptions to properly allocate purchase price consideration between the fair value of the assets acquired and liabilities assumed. The Company leverages independent third-party valuations in determining the estimated fair values of acquired tangible assets, identifiable intangible assets, and assumed liabilities. If assumptions or estimates used in determining fair values change based on information that becomes available during the one-year period from the acquisition date, we record measurement period adjustments to the assets acquired and liabilities assumed with a corresponding offset to goodwill. Upon the conclusion of the measurement period, any subsequent adjustments are recorded to earnings.

Goodwill

The Company accounts for goodwill as required by FASB ASC Topic 350, Intangibles - Goodwill and Other (“ASC 350”). The Company tests goodwill for impairment on an annual basis and when events occur that may suggest that the fair value of such assets cannot support the carrying value. ASC 350 gives an entity the option to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If an entity determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then performing the quantitative impairment test is unnecessary. However, if an entity concludes otherwise, then the quantitative impairment test shall be used to identify the impairment and measure the amount of an impairment loss to be recognized (if applicable).

The Company tests goodwill for impairment on an annual basis on the first day of its fourth fiscal quarter. The Company has one reporting unit. A qualitative assessment was performed for fiscal 2024. This assessment considered changes in the Company’s projected future cash flows and discount rates, recent market transactions and overall macroeconomic conditions. Based on this assessment, the Company concluded that it was more likely than not that the estimated fair value of its reporting unit was higher than its carrying value and that the performance of a quantitative impairment test was not required. Refer to Note 10. Segment and Geographic Information, Note 12. Acquisitions, and Note 14. Goodwill and Intangible Assets for further information.

Valuation of Long-Lived Assets

The Company periodically reviews the carrying value of its long-lived assets, including finite-lived intangibles, and property, plant and equipment, whenever events or changes in circumstances indicate that the carrying value may not be recoverable or that the assigned useful lives may no longer be appropriate. Impairment is considered to exist if the total estimated future cash flows on an undiscounted basis are less than the carrying amount of the assets. If impairment exists, the impairment loss is measured and recorded based on discounted estimated future cash flows. In estimating future cash flows, assets are grouped at the lowest levels for which there are identifiable cash flows that are largely independent of cash flows from other asset groups. The Company’s estimate of future cash flows is based upon, among other things, certain assumptions about expected future operating performance, growth rates and other factors. The actual cash flows realized from these assets may vary significantly from estimates. There were no impairment losses recorded for fiscal 2024, 2023 and 2022.

The Company amortizes the cost of finite-lived intangible assets on a straight-line basis over their estimated useful lives, which approximates the pattern of economic benefit. Refer to Note 14. Goodwill and Intangible Assets for further information.

Warranties

On product sales, the Company provides for future warranty costs upon product delivery. The specific terms and conditions of those warranties vary depending upon the type of product sold and country of delivery. In the case of products sold by the Company, product warranties generally start from the delivery date and continue for one to three years, depending on the terms.

Many of the Company’s products are manufactured to customer specifications and their acceptance is based on meeting those specifications. Factors that affect our warranty liabilities include the number of product units subject to warranty protection, historical experience and management’s judgment regarding anticipated rates of warranty claims and cost per claim. We assess the adequacy of our recorded warranty liabilities every quarter and make adjustments to the liabilities as necessary. Refer to Note 5. Balance Sheet Components for further information.

Leases

The Company leases office space, assembly facilities, repair and service centers, and warehouses globally under non-cancelable operating lease agreements. The Company determines if an arrangement contains a lease at inception. Operating lease right-of-use assets and lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most of the Company’s leases do not provide an implicit rate, the Company’s incremental borrowing rate based on the remaining lease term at commencement date is used in determining the present value of future payments. The operating lease right-of-use assets also include any lease payments made and exclude lease incentives and initial direct costs incurred. Variable lease payments are expensed as incurred and are not included within the right-of-use asset and lease liability calculation. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. Certain of the Company’s lease arrangements include non-lease components and the Company accounts for non-lease components together with lease components for all such lease arrangements.

Leases with an initial term of 12 months or less are not recorded on our consolidated balance sheets. Lease expense for these leases are recognized on a straight-line basis over the lease term. Refer to Note 4. Leases for further information.

Foreign Currency Translation

The functional currency of certain of the Company’s international subsidiaries is the United States (“U.S.”) dollar. Determination of the functional currency is dependent upon the economic environment in which an entity operates as well as the customers and suppliers the entity conducts business with. Changes in facts and circumstances may occur which could lead to a change in the functional currency of that entity. Accordingly, all non-functional currency denominated monetary assets and liabilities of these subsidiaries are re-measured into U.S. dollars at the current exchange rate as of the applicable balance sheet date. Non-monetary assets and liabilities are measured at historical rates.

All other international subsidiaries use their respective local currency as their functional currency. Assets and liabilities of these subsidiaries are translated at the current exchange rates in effect at the balance sheet date, and income and expense accounts are translated at average exchange rates during the period. The resulting translation adjustments are included in accumulated other comprehensive loss.

Gains and losses resulting from foreign exchange transactions and re-measurement of monetary assets and liabilities in non-functional currencies are included in other expense (income), net in the accompanying consolidated statements of operations, based on the nature of the transactions. Net foreign exchange (gains) losses recorded in the consolidated statements of operations during fiscal 2024, 2023 and 2022 were $(0.3) million, $1.0 million and $1.1 million, respectively.

Retirement Benefits

The Company provides retirement benefits to substantially all employees primarily through its defined contribution retirement plans. These plans have matching and savings elements. Contributions by the Company to these retirement plans are based on profits and employees’ savings with no other funding requirements. Contributions to retirement plans are expensed as incurred. Retirement plan expense incurred in fiscal 2024, 2023 and 2022 was $2.8 million, $2.1 million, and $1.9 million, respectively. Retirement plan expenses are included in cost of revenues, research and development, and selling and administrative expenses on the consolidated statements of operations.

Revenue Recognition

The Company recognizes revenue by applying the five-step approach in accordance with FASB ASC Topic 606, Revenue from Contracts with Customers (“ASC 606”): (1) identification of the contract with a customer; (2) identification of the performance obligations in the contract; (3) determination of the transaction price; (4) allocation of the transaction price to the performance obligations in the contract; and (5) recognition of revenue when, or as, we satisfy a performance obligation. Refer to Note 3. Revenue Recognition for further information.

Cost of Product Sales and Services

Cost of sales consists primarily of materials, labor and overhead costs incurred internally and amounts incurred for contract manufacturers to produce the Company’s products, personnel and other implementation costs incurred to install the Company’s products and train customer personnel, and customer service and third party original equipment manufacturer costs to provide continuing support to customers.

Shipping and handling costs are included as a component of costs of product sales in the consolidated statements of operations because they are also included as a component of revenue billed to customers.

Advertising Costs

Advertising costs are expensed as incurred. Advertising costs were not material during fiscal 2024, 2023 and 2022.

Presentation of Transactional Taxes Collected from Customers and Remitted to Government Authorities

Transactional taxes such as sales and use tax collected from customers and remitted to governmental authorities are presented on a net basis.

Research and Development Costs

The Company’s research and development costs, which include costs in connection with new product development, improvement of existing products, process improvement, and product use technologies, are generally charged to operations in the period in which they are incurred. For certain software projects under development, development costs are capitalized during the period between determining technological feasibility of the product and commercial release and are included in long-term other assets on the consolidated balance sheets. The amortization of capitalized development costs begins upon commercial release, generally over three years. To date, the amount of development costs capitalized and amortized have not been material.

Share-Based Compensation

The Company has one stock incentive plan for its employees and non-employee directors. The stock incentive plan permits the Company to grant share-based awards in the form of options, restricted stock awards and units and performance share awards and units.

The estimated grant date fair value of share-based awards is amortized over the requisite service period or vesting term. For non-qualified stock options, the Black-Scholes option pricing model is used to estimate the fair value as of the grant date. The determination of the fair value of stock option awards is affected by the Company’s stock price and assumptions regarding a number variables. These variables include the Company’s expected stock price volatility over the expected term of the awards, actual and projected employee stock option exercise behaviors, the risk-free interest rate and expected dividend yield. Due to the inherent limitations of option valuation models, including consideration of future events that are unpredictable and the estimation process utilized in determining the valuation of the share-based awards, the ultimate value realized by the Company’s employees may vary significantly from the amounts expensed in its financial statements. For restricted stock awards and units and performance share awards and units with performance conditions, the market price of the Company’s common stock on the date of the grant is used to estimate the fair value. For performance share awards and units with market conditions, the fair value is estimated using a Monte-Carlo simulation model as of the grant date. The Company recognizes forfeitures of share-based awards as they occur.

The Company recognizes compensation cost for share-based payment awards on a straight-line basis over the requisite service period. For an award that has a graded vesting schedule, compensation expense is recognized on a straight-line basis over the requisite service period for each separately vesting portion of the award as if the award was, in-substance, multiple awards. The amount of compensation cost recognized at any date must at least equal the portion of the grant-date value of the award that is vested at that date.

For awards with a performance condition vesting feature, share-based compensation costs are recognized when achievement of the performance conditions is considered probable. Any previously recognized compensation cost is reversed if the performance condition is not satisfied or if it is not probable that the performance conditions will be achieved. For awards with a market condition vesting feature, share-based compensation costs are recognized over the period the requisite service is rendered, regardless of when, and if ever, the market condition is satisfied.

Restructuring Charges

Restructuring charges represent expenses incurred in connection with certain cost reduction programs that the Company has implemented, and consists of the costs of employee termination costs, lease and other contract termination charges and other costs of exiting activities or geographies. A liability for costs associated with an exit or disposal activity is measured at its fair value when the liability is incurred. Expenses for one-time termination benefits are recognized at the date the employee is notified, unless the employee must provide future service, in which case the benefits are expensed ratably over the future service period. The Company recognizes severance benefits provided as part of an ongoing benefit arrangement when the payment is probable and the amounts can be reasonably estimated. Liabilities related to termination of an operating lease or contract are measured and recognized at fair value when the contract does not have any future economic benefit to the entity and the fair value of the liability is determined based on the present value of the remaining lease obligations, adjusted for the effects of deferred items recognized under the lease, and reduced by estimated sublease rentals that could be reasonably obtained for the property. The assumptions in determining such estimates include anticipated timing of sublease rentals and estimates of sublease rental receipts and related costs based on market conditions. All other costs related to an exit or disposal activity are expensed as incurred. Refer to Note 8. Restructuring Activities for further information.

Income Taxes and Related Uncertainties

The Company accounts for income taxes under the asset and liability method. Deferred tax assets and liabilities are determined based on the estimated future tax effects of temporary differences between the financial statement and tax basis of assets and liabilities, as measured by tax rates at which temporary differences are expected to reverse as well as operating loss and tax credit carry forwards. Deferred tax expense (benefit) is the result of changes in deferred tax assets and liabilities. A valuation allowance is established to offset any deferred tax assets if, based upon the available information, it is more likely than not that some or all of the deferred tax assets will not be realized.

The Company is required to compute its income taxes in each federal, state, and foreign jurisdiction the Company operates. This process requires that the Company estimate the current tax exposure as well as assess temporary differences between the accounting and tax treatment of assets and liabilities, including items such as accruals and allowances not currently deductible for tax purposes as well as operating loss and tax credit carry forwards. The income tax effects of the differences identified are classified as long-term deferred tax assets and liabilities on the consolidated balance sheets. The Company’s judgments, assumptions, and estimates relative to the current provision for income taxes take into account current tax laws, the Company’s interpretation of current tax laws, and possible outcomes of current and future audits conducted by foreign and domestic tax authorities. Changes in tax laws or the Company’s interpretation of tax laws and the resolution of current and future tax audits could significantly impact the amounts provided for income taxes in the consolidated balance sheets and consolidated statements of operations. The Company must also assess the likelihood that deferred tax assets will be realized from future taxable income and, based on this assessment, establish a valuation allowance, if required. The Company’s determination of its valuation allowance is based upon a number of assumptions, judgments, and estimates, including forecasted earnings, future taxable income, and the relative proportions of revenue and income before taxes in the various domestic and international jurisdictions in which the Company operates. To the extent the Company establishes a valuation allowance or change the valuation allowance in a period, the change is reflected with a corresponding increase or decrease to the Company’s tax provision on the consolidated statements of operations.

The Company uses a two-step process to determine the amount of tax benefit to be recognized for uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step requires the Company to estimate and measure the tax benefit as the largest amount that is more than 50% likely of being realized upon ultimate settlement. It is inherently difficult and subjective to estimate such amounts, as this requires the Company to determine the probability of various possible outcomes. Uncertain tax positions are re-evaluated by the Company on a quarterly basis. This evaluation is based on factors including, but not limited to, changes in facts or circumstances, changes in tax law, effectively settled issues under audit, and new audit activity. Such a change in recognition or measurement would result in the recognition of a tax benefit or an additional charge to the tax provision in the period. Refer to Note 11. Income Taxes for further information.

Accounting Standards Not Yet Adopted

In December 2023, the FASB issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The ASU enhances the transparency and usefulness of income tax information through improvements to disclosures primarily related to the rate reconciliation and income taxes paid information. ASU 2023-09 is effective for the Company’s annual reporting beginning in fiscal 2026. The Company is currently evaluating the impact of this ASU on its consolidated financial statements.

In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The ASU expands reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses that are regularly presented to the chief operating decision maker. The disclosures required under ASU 2023-07 are also required for public entities with a single reportable segment. ASU 2023-07 is effective for the Company’s annual reporting beginning in fiscal 2025 and for interim periods beginning in fiscal 2026. The Company is currently evaluating the impact of the ASU on its consolidated financial statements.

The Company considers the applicability and impact of all ASUs issued by the FASB. The Company determined at this time that all other ASUs issued but not yet adopted are either not applicable or are expected to have a minimal impact on its financial position and results of operations.

The Company and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 28, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Property, Plant and Equipment

The useful lives of the assets are generally as follows:


Buildings			40 years
Leasehold improvements			2 to 10 years


Software and equipment			2 to 5 years


(In thousands)	June 28, 2024		June 30, 2023
Land	$	—	$	210
Buildings and leasehold improvements	1,302		5,889


Software and equipment	69,898		64,139
Total property, plant and equipment, gross	71,200		70,238
Less accumulated depreciation	(61,720)		(60,786)
Total property, plant and equipment, net	$	9,480	$	9,452

Restructuring Activities

12 Months Ended

Jun. 28, 2024

Restructuring and Related Activities [Abstract]

Restructuring Activities

The following table summarizes restructuring related activities during fiscal 2024, 2023 and 2022:


(In thousands)	Employee Severance and Benefits		Facilities and Other		Total
Balance as of July, 2, 2021	$	2,489	$	248	$	2,737
Charges (reversals), net	474		(236)		238
Cash payments	(1,559)		—		(1,559)
Other	(23)		(12)		(35)
Balance as of July, 1, 2022	1,381		—		1,381
Charges, net	2,947		—		2,947
Cash payments	(3,728)		—		(3,728)

Balance as of June, 30, 2023	600		—		600
Charges, net	3,901		—		3,901
Cash payments	(2,783)		—		(2,783)

Balance as of June, 28, 2024	$	1,718	$	—	$	1,718

As of June 28, 2024, the accrued restructuring balance of $1.7 million was included in other current liabilities on the consolidated balance sheets. Included in the above were positions identified for termination that have not been executed from a restructuring perspective. The other activities primarily represent the impact of foreign currency movement.

Fiscal 2024 Plans

During fiscal 2024, the Company’s Board of Directors approved restructuring plans, primarily associated with the NEC Transaction (as defined below) and reductions in workforce in certain of the Company’s operations to optimize skill sets and align cost structure. The fiscal 2024 plans are expected to be completed through the end of fiscal 2025.

Prior Fiscal Years’ Plans

Activities under the prior fiscal years’ plans primarily included reductions in workforce across the Company associated with the acquisition of Redline (as defined below) and certain of the Company’s operations outside the United States. Payments related to the accrued restructuring balance for the prior fiscal years’ plans are complete.

Commitments and Contingencies

12 Months Ended

Jun. 28, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Purchase Orders and Other Commitments

From time to time in the normal course of business, the Company may enter into purchasing agreements with its suppliers that require the Company to accept delivery of and remit full payment for (i) finished products that it has ordered,

(ii) finished products that it requested be held as safety stock, and (iii) work in process started on its behalf, in the event it cancels or terminates the purchasing agreement. Because these agreements do not specify fixed or minimum quantities, do not specify minimum or variable price provisions, and do not specify the approximate timing of the transaction, and the Company has no present intention to cancel or terminate any of these agreements, the Company currently does not believe that it has any future liability under these agreements.

As of June 28, 2024, the Company had outstanding purchase obligations with its suppliers or contract manufacturers of approximately $83.7 million. In addition, the Company had purchase obligations of approximately $5.1 million associated with software as a service and software maintenance support.

Financial Guarantees and Commercial Commitments

Guarantees issued by banks, insurance companies, or other financial institutions are contingent commitments issued to guarantee performance under borrowing arrangements, such as bank overdraft facilities, tax and customs obligations, and similar transactions, or to ensure performance under customer or vendor contracts. The terms of the guarantees are generally equal to the remaining term of the related debt or other obligations and are generally limited to two years or less. As of June 28, 2024, the Company had no guarantees applicable to its debt arrangements.

The Company has entered into commercial commitments in the normal course of business including surety bonds, standby letters of credit agreements, and other arrangements with financial institutions primarily relating to the guarantee of future performance on certain contracts to provide products and services to customers. As of June 28, 2024, the Company had commercial commitments outstanding of $18.3 million, that were not recorded on the consolidated balance sheets. The Company does not believe, based on historical experience and information currently available, that it is probable that any significant amounts will be required to be paid on these performance guarantees in the future.

The following table presents details of the Company’s commercial commitments:


(In thousands)	June 28, 2024
Letters of credit	$	4,941
Bonds	13,329
	$	18,270

Indemnifications

Under the terms of substantially all of the Company’s license agreements, it has agreed to defend and pay any final judgment against its customers arising from claims against such customers that the Company’s products infringe the intellectual property rights of a third party. As of June 28, 2024, the Company has not received any notice that any customer is subject to an infringement claim arising from the use of its products; the Company has not received any request to defend any customers from infringement claims arising from the use of its products; and the Company has not paid any final judgment on behalf of any customer related to an infringement claim arising from the use of its products. Because the outcome of infringement disputes is related to the specific facts of each case and given the lack of previous or current indemnification claims, the Company cannot estimate the maximum amount of potential future payments, if any, related to its indemnification provisions. As of June 28, 2024, the Company had not recorded any liabilities related to these indemnifications.

Legal Proceedings

The Company is subject from time to time to disputes with customers concerning its products and services. From time to time, the Company may be involved in various other legal claims and litigation that arise in the normal course of its operations. The Company is aggressively defending all current litigation matters. Although there can be no assurances and the outcome of these matters is currently not determinable, the Company currently believes that none of these claims or proceedings are likely to have a material adverse effect on its financial position. There are many uncertainties associated with any litigation and these actions or other third-party claims against the Company may cause it to incur costly litigation and/or substantial settlement charges. As a result, the Company’s business, financial condition, results of operations, and cash flows could be adversely affected. The actual liability in any such matters may be materially different from the Company’s estimates, if any.

The Company records accruals for its outstanding legal proceedings, investigations or claims when it is probable that a liability will be incurred and the amount of loss can be reasonably estimated. The Company evaluates, at least on a quarterly basis, developments in legal proceedings, investigations or claims that could affect the amount of any accrual, as well as any developments that would result in a loss contingency to become both probable and reasonably estimable. The Company has not recorded any significant accrual for loss contingencies associated with such legal claims or litigation discussed above.

Contingent Liabilities

The Company records a loss contingency as a charge to operations when (i) it is probable that an asset has been impaired or a liability has been incurred at the date of the financial statements; and (ii) the amount of the loss can be reasonably estimated. Disclosure in the notes to the financial statements is required for loss contingencies that do not meet both conditions if there is a reasonable possibility that a loss may have been incurred. Gain contingencies are not recorded until realized. The Company expenses all legal costs incurred to resolve regulatory, legal and tax matters as incurred.

In March 2016, an enforcement action by the Indian Department of Revenue, Ministry of Finance was brought against Aviat’s subsidiary Aviat Networks (India) Private Limited (“Aviat India”) relating to the non-realization of intercompany receivables and non-payment of intercompany payables, which originated from 1999 to 2012, within the time frames dictated by the Indian regulations under the Foreign Exchange Management Act. In November 2017, the Indian Department of Revenue, Ministry of Finance also initiated a similar action against Telsima Communications Private Limited (“Telsima India”), a subsidiary of the Company, relating to the non-realization of intercompany receivables and non-payment of intercompany payables which originated from the period prior to our acquisition of Telsima India in February 2009. In September 2019, the directors of Aviat India appeared before the Ministry of Finance Enforcement Directorate. In March 2024, the Company appeared before the Joint Director of Enforcement to review the transactions at issue. No subsequent hearing date has been scheduled as of June 28, 2024. The Company has accrued an immaterial amount representing the estimated probable loss for which it would settle the matter. The Company currently cannot form an estimate of the range of loss in excess of its amounts already accrued. If the outcome of this matter is greater than the current immaterial amount accrued, the Company intends to dispute it vigorously.

Periodically, the Company reviews the status of each significant matter to assess the potential financial exposure. If a potential loss is considered probable and the amount can be reasonably estimated, the estimated loss is reflected in our results of operations. Significant judgment is required to determine the probability that a liability has been incurred or an asset impaired and whether such loss is reasonably estimable. Further, estimates of this nature are highly subjective, and the final outcome of these matters could vary significantly from the amounts that have been included in the consolidated financial statements.

As additional information becomes available, the Company will reassess the potential liability related to its pending claims and litigation and may revise estimates accordingly. Such revisions in the estimates of the potential liabilities could have a material impact on the Company’s results of operations and financial position.

Segment and Geographic Information (Revenue by Region) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	$ 408,083	$ 344,433	$ 302,959
North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	206,073	200,678	199,801
Africa and Middle East
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	48,884	59,674	47,527
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	24,608	18,772	12,973
Latin America and Asia Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Revenue	$ 128,518	$ 65,309	$ 42,658

- Definition

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-4

+ Details

Revisions to Prior Period Consolidated Financial Statements (Consolidated Statements of Operations) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
Revenues:
Total Revenue	$ 408,083	$ 344,433	$ 302,959
Cost of revenues:
Total cost of revenues	263,351	222,051	193,724
Gross margin	144,732	122,382	109,235
Operating expenses:
Research and development	36,426	24,908	22,596
Selling and administrative	85,038	69,842	57,656
Restructuring charges	3,867	3,012	238
Total operating expenses	125,331	97,762	80,490
Operating income	19,401	24,620	28,745
Interest expense, net	2,337	532	(157)
Other expense, net	158	2,774	(1,533)
Income before income taxes	16,906	21,314	30,435
Provision for income taxes	6,146	11,145	9,275
Net income, basic	10,760	10,169	21,160
Net income, diluted	10,760	10,169	21,160
Net income attributable to Aviat Networks	$ 10,760	$ 10,169	$ 21,160
Net income per share of common stock outstanding:
Basic (in dollars per share)	$ 0.88	$ 0.90	$ 1.89
Diluted (in dollars per share)	$ 0.86	$ 0.86	$ 1.79
Weighted average shares outstanding:
Basic (in shares)	12,182	11,358	11,167
Diluted (in shares)	12,456	11,855	11,820
Product sales
Revenues:
Total Revenue	$ 274,205	$ 238,579	$ 208,100
Cost of revenues:
Total cost of revenues	171,783	150,637	132,404
Services
Revenues:
Total Revenue	133,878	105,854	94,859
Cost of revenues:
Total cost of revenues	$ 91,568	71,414	$ 61,320
As Previously Reported
Revenues:
Total Revenue		346,593
Cost of revenues:
Total cost of revenues		222,422
Gross margin		124,171
Operating expenses:
Research and development		24,908
Selling and administrative		69,842
Restructuring charges		3,012
Total operating expenses		97,762
Operating income		26,409
Interest expense, net		532
Other expense, net		2,774
Income before income taxes		23,103
Provision for income taxes		11,575
Net income, basic		11,528
Net income, diluted		11,528
Net income attributable to Aviat Networks		$ 11,528
Net income per share of common stock outstanding:
Basic (in dollars per share)		$ 1.01
Diluted (in dollars per share)		$ 0.97
Weighted average shares outstanding:
Basic (in shares)		11,358
Diluted (in shares)		11,855
As Previously Reported \| Product sales
Revenues:
Total Revenue		$ 239,321
Cost of revenues:
Total cost of revenues		151,008
As Previously Reported \| Services
Revenues:
Total Revenue		107,272
Cost of revenues:
Total cost of revenues		71,414
Adjustments
Revenues:
Total Revenue		(2,160)
Cost of revenues:
Total cost of revenues		(371)
Gross margin		(1,789)
Operating expenses:
Research and development		0
Selling and administrative		0
Restructuring charges		0
Total operating expenses		0
Operating income		(1,789)
Interest expense, net		0
Other expense, net		0
Income before income taxes		(1,789)
Provision for income taxes		(430)
Net income, basic		(1,359)
Net income, diluted		(1,359)
Net income attributable to Aviat Networks		$ (1,359)
Net income per share of common stock outstanding:
Basic (in dollars per share)		$ (0.11)
Diluted (in dollars per share)		$ (0.11)
Weighted average shares outstanding:
Basic (in shares)		0
Diluted (in shares)		0
Adjustments \| Product sales
Revenues:
Total Revenue		$ (742)
Cost of revenues:
Total cost of revenues		(371)
Adjustments \| Services
Revenues:
Total Revenue		(1,418)
Cost of revenues:
Total cost of revenues		0
Revision of Prior Period, Error Correction, Adjustment \| Product sales
Cost of revenues:
Total cost of revenues		400
Revision of Prior Period, Error Correction, Adjustment \| Services
Revenues:
Total Revenue		1,400
Cost of revenues:
Total cost of revenues		$ 700

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss
Beginning balance (in shares) at Jul. 02, 2021		11,154,000
Beginning balance of treasury stock (in shares) at Jul. 02, 2021			20,000
Beginning balance at Jul. 02, 2021	$ 183,335	$ 112	$ (787)	$ 818,939	$ (620,602)	$ (14,327)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	21,160				21,160
Other comprehensive (loss) income	(1,702)					(1,702)
Issuance of common stock under employee stock plans (in shares)		198,000
Issuance of common stock under employee stock plans	1,031	$ 2		1,029
Shares withheld for taxes related to vesting of equity awards (in shares)		(16,000)
Shares withheld for taxes related to vesting of equity awards	(543)			(543)
Stock repurchase (in shares)		(175,000)	175,356
Stock repurchase	(5,362)	$ (2)	$ (5,360)
Share-based compensation	3,834			3,834
Ending balance (in shares) at Jul. 01, 2022		11,161,000
Ending balance of treasury stock (in shares) at Jul. 01, 2022			195,000
Ending balance at Jul. 01, 2022	201,753	$ 112	$ (6,147)	823,259	(599,442)	(16,029)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	10,169				10,169
Other comprehensive (loss) income	25					25
Issuance of common stock under employee stock plans (in shares)		396,000
Issuance of common stock under employee stock plans	1,270	$ 3		1,267
Shares withheld for taxes related to vesting of equity awards (in shares)		(39,000)
Shares withheld for taxes related to vesting of equity awards	(1,198)			(1,198)
Stock repurchase (in shares)			0
Stock repurchase			$ 0
Share-based compensation	$ 6,720			6,720
Ending balance (in shares) at Jun. 30, 2023	11,500,000	11,518,000
Ending balance of treasury stock (in shares) at Jun. 30, 2023	200,000		195,000
Ending balance at Jun. 30, 2023	$ 218,739	$ 115	$ (6,147)	830,048	(589,273)	(16,004)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	10,760				10,760
Other comprehensive (loss) income	(3,316)					(3,316)
Issuance of common stock under employee stock plans (in shares)		400,000
Issuance of common stock under employee stock plans	1,058	$ 4		1,054
Shares withheld for taxes related to vesting of equity awards (in shares)		(22,000)
Shares withheld for taxes related to vesting of equity awards	(696)			(696)
Stock repurchase (in shares)		(11,000)	11,208
Stock repurchase	(332)		$ (332)
Share-based compensation	7,341			7,341
Common stock issued in connection with acquisition (in shares)		737,000
Common stock issued in connection with acquisition	$ 22,331	$ 7		22,324
Ending balance (in shares) at Jun. 28, 2024	12,600,000	12,622,000
Ending balance of treasury stock (in shares) at Jun. 28, 2024	200,000		206,000
Ending balance at Jun. 28, 2024	$ 255,885	$ 126	$ (6,479)	$ 860,071	$ (578,513)	$ (19,320)

Segment and Geographic Information

12 Months Ended

Jun. 28, 2024

Segment Reporting [Abstract]

Segment and Geographic Information

Aviat operates in one reportable business segment: the design, manufacturing and sale of a range of wireless networking and access networking products, solutions and services. Aviat conducts business globally and its sales and support activities are managed on a geographic basis. The Company’s Chief Executive Officer (“CEO”) is the Chief Operating Decision Maker (the “CODM”). The CODM manages the business primarily by function globally and reviews financial information on a consolidated basis, accompanied by disaggregated information about revenues by geographic region, for purposes of allocating resources and evaluating financial performance. The profitability of geographic regions is not a determining factor in allocating resources and the CODM does not evaluate profitability below the level of the consolidated company.

The Company reports revenue by region and country based on the location where customers accept delivery of products and services. Revenue by region for fiscal 2024, 2023 and 2022 were as follows:


	Fiscal Year
(In thousands)	2024		2023		2022
North America	$	206,073	$	200,678	$	199,801
Africa and Middle East	48,884		59,674		47,527
Europe	24,608		18,772		12,973
Latin America and Asia Pacific	128,518		65,309		42,658
Total Revenue	$	408,083	$	344,433	$	302,959

Revenue by country comprising more than 10% of total revenue for fiscal 2024, 2023 and 2022 was as follows:


(In thousands, except percentages)	Revenue		% of Total Revenue
Fiscal 2024
United States	$	197,052	48.3	%
Fiscal 2023
United States	$	197,018	57.2	%
Fiscal 2022
United States	$	198,824	65.6	%

Long-lived assets, consisting primarily of net property, plant and equipment and operating lease right-of-use assets, by geographic areas based on physical location as of June 28, 2024 and June 30, 2023 were as follows:


(In thousands)	June 28, 2024		June 30, 2023
United States	$	8,330	$	6,965
Canada	1,039		687
New Zealand	467		3,619
Other countries	3,354		735
Total	$	13,190	$	12,006

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Revisions to Prior Period Consolidated Financial Statements (Consolidated Statements of Cash Flows) (Details) - USD ($)	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
Operating Activities
Net income	$ 10,760,000	$ 10,169,000	$ 21,160,000
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation of property, plant and equipment	3,991,000	5,475,000	4,463,000
Amortization of intangible assets	1,002,000	704,000	0
Provision for (recovery from) uncollectible receivables	1,300,000	467,000	(23,000)
Share-based compensation	7,341,000	6,720,000	3,834,000
Deferred taxes	3,625,000	9,012,000	8,004,000
Inventory write-downs	3,952,000	2,138,000	1,735,000
Non-cash lease expense	948,000	639,000	1,057,000
Net loss on marketable securities	41,000	1,734,000	(2,614,000)
Other non-cash operating activities, net	128,000	67,000	(55,000)
Changes in operating assets and liabilities:
Accounts receivable	(9,266,000)	(24,754,000)	(25,719,000)
Unbilled receivables	(34,856,000)	(12,398,000)	(8,725,000)
Inventories	1,589,000	(4,892,000)	(3,901,000)
Accounts payable	16,551,000	16,040,000	10,503,000
Accrued expenses	15,094,000	(4,306,000)	876,000
Advance payments and unearned revenue	11,814,000	6,254,000	1,713,000
Income taxes payable	1,445,000	710,000	(1,620,000)
Other assets and liabilities	(4,919,000)	(15,423,000)	(7,899,000)
Net cash provided by (used in) operating activities	30,540,000	(1,644,000)	2,789,000
Investing Activities
Purchases of property, plant and equipment	(2,675,000)	(5,335,000)	(1,792,000)
Proceeds from sale of marketable securities	538,000	9,157,000	0
Acquisitions, net of cash acquired	(32,161,000)	(15,769,000)	0
Net cash used in investing activities	(35,223,000)	(11,947,000)	(7,787,000)
Financing Activities
Proceeds from revolver	33,200,000	102,200,000	0
Repayments of revolver	(33,200,000)	(102,200,000)	0
Payments of deferred financing costs	(79,000)	(753,000)	0
Payments for taxes related to net settlement of equity awards	(696,000)	(1,198,000)	(541,000)
Proceeds from issuance of common stock under employee stock plans	1,058,000	1,270,000	1,029,000
Net cash provided by (used in) financing activities	48,701,000	(681,000)	(4,874,000)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(1,605,000)	(311,000)	(1,222,000)
Net increase (decrease) in cash, cash equivalents and restricted cash	42,413,000	(14,583,000)	(11,094,000)
Cash, cash equivalents, and restricted cash, beginning of year	22,521,000	37,104,000	48,198,000
Cash, cash equivalents, and restricted cash, end of year	64,934,000	22,521,000	37,104,000
As Previously Reported
Operating Activities
Net income		11,528,000
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation of property, plant and equipment		5,475,000
Amortization of intangible assets		704,000
Provision for (recovery from) uncollectible receivables		467,000
Share-based compensation		6,720,000
Deferred taxes		9,442,000
Inventory write-downs		2,138,000
Non-cash lease expense		639,000
Net loss on marketable securities		1,734,000
Other non-cash operating activities, net		67,000
Changes in operating assets and liabilities:
Accounts receivable		(25,496,000)
Unbilled receivables		(13,816,000)
Inventories		(4,521,000)
Accounts payable		16,040,000
Accrued expenses		(4,306,000)
Advance payments and unearned revenue		6,254,000
Income taxes payable		710,000
Other assets and liabilities		(15,423,000)
Net cash provided by (used in) operating activities		(1,644,000)
Investing Activities
Purchases of property, plant and equipment		(5,335,000)
Proceeds from sale of marketable securities		9,157,000
Acquisitions, net of cash acquired		(15,769,000)
Net cash used in investing activities		(11,947,000)
Financing Activities
Proceeds from revolver		102,200,000
Repayments of revolver		(102,200,000)
Payments of deferred financing costs		(753,000)
Payments for taxes related to net settlement of equity awards		(1,198,000)
Proceeds from issuance of common stock under employee stock plans		1,270,000
Net cash provided by (used in) financing activities		(681,000)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash		(311,000)
Net increase (decrease) in cash, cash equivalents and restricted cash		(14,583,000)
Cash, cash equivalents, and restricted cash, beginning of year	22,521,000	37,104,000
Cash, cash equivalents, and restricted cash, end of year		22,521,000	37,104,000
Adjustments
Operating Activities
Net income		(1,359,000)
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation of property, plant and equipment		0
Amortization of intangible assets		0
Provision for (recovery from) uncollectible receivables		0
Share-based compensation		0
Deferred taxes		(430,000)
Inventory write-downs		0
Non-cash lease expense		0
Net loss on marketable securities		0
Other non-cash operating activities, net		0
Changes in operating assets and liabilities:
Accounts receivable		742,000
Unbilled receivables		1,418,000
Inventories		(371,000)
Accounts payable		0
Accrued expenses		0
Advance payments and unearned revenue		0
Income taxes payable		0
Other assets and liabilities		0
Net cash provided by (used in) operating activities		0
Investing Activities
Purchases of property, plant and equipment		0
Proceeds from sale of marketable securities		0
Acquisitions, net of cash acquired		0
Net cash used in investing activities		0
Financing Activities
Proceeds from revolver		0
Repayments of revolver		0
Payments of deferred financing costs		0
Payments for taxes related to net settlement of equity awards		0
Proceeds from issuance of common stock under employee stock plans		0
Net cash provided by (used in) financing activities		0
Effect of exchange rate changes on cash, cash equivalents, and restricted cash		0
Net increase (decrease) in cash, cash equivalents and restricted cash		0
Cash, cash equivalents, and restricted cash, beginning of year	$ 0	0
Cash, cash equivalents, and restricted cash, end of year		$ 0	$ 0

Balance Sheet Components (Property, Plant and Equipment) (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Jun. 30, 2023
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 71,200	$ 70,238
Less accumulated depreciation	(61,720)	(60,786)
Total property, plant and equipment, net	9,480	9,452
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	0	210
Buildings and leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,302	5,889
Asset In Progress
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, net	4,100	400
Software and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 69,898	$ 64,139

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022	Jul. 02, 2021
Current Assets:
Cash and cash equivalents	$ 64,622	$ 22,242
Accounts receivable, net	158,013	100,911
Unbilled receivables	90,525	57,170
Inventories	62,267	33,428
Assets held for sale	2,720	0
Other current assets	27,076	22,164
Total current assets	405,223	235,915
Property, plant and equipment, net	9,480	9,452
Goodwill	8,217	5,112
Intangible assets, net	13,644	9,046
Deferred income taxes	83,112	87,080
Right-of-use assets	3,710	2,554
Other assets	11,837	13,978
Total assets	535,223	363,137
Current Liabilities:
Accounts payable	92,854	60,141
Accrued expenses	42,148	24,442
Operating lease liabilities	1,006	610
Advance payments and unearned revenue	58,839	44,268
Other current liabilities	21,614	600
Current portion of long-term debt	2,396	0
Total current liabilities	218,857	130,061
Long-term debt	45,954	0
Unearned revenue	7,413	7,416
Long-term operating lease liabilities	2,823	2,140
Other long-term liabilities	394	314
Reserve for uncertain tax positions	3,485	3,975
Deferred income taxes	412	492
Total liabilities	279,338	144,398
Commitments and contingencies (Note 13)
Stockholders’ equity
Preferred stock, $0.01 par value; 50.0 million shares authorized; none issued	0	0
Common stock, $0.01 par value; 300.0 million shares authorized; 12.6 million and 11.5 million shares issued and outstanding as of June 28, 2024 and June 30, 2023, respectively	126	115
Treasury stock 0.2 million and 0.2 million shares as of June 28, 2024 and June 30, 2023, respectively	(6,479)	(6,147)
Additional paid-in-capital	860,071	830,048
Accumulated deficit	(578,513)	(589,273)
Accumulated other comprehensive loss	(19,320)	(16,004)
Total stockholders’ equity	255,885	218,739	$ 201,753	$ 183,335
Total liabilities and stockholders’ equity	$ 535,223	$ 363,137

Net Income per Share of Common Stock (Common Stock Excluded Because they were Antidilutive) (Details) - shares shares in Thousands	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total shares of common stock excluded (in shares)	342	215	186
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total shares of common stock excluded (in shares)	319	194	114
Restricted stock units and performance stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total shares of common stock excluded (in shares)	23	21	72

Income Taxes (Components of Income Tax Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
Current:
Federal	$ 54	$ 0	$ 15
Foreign	2,128	1,493	1,234
State and local	339	637	333
Total current provision	2,521	2,130	1,582
Deferred:
Federal	4,613	8,450	6,348
Foreign	(2,035)	(522)	161
State and local	1,047	1,087	1,184
Total deferred provision (benefit)	3,625	9,015	7,693
Total provision for income taxes	$ 6,146	$ 11,145	$ 9,275

Stockholders’ Equity (Narrative) (Details) - USD ($)	12 Months Ended
Stockholders’ Equity (Narrative) (Details) - USD ($)	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022	Nov. 30, 2021	Mar. 31, 2020	May 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of rights declared as dividend for each share of outstanding common stock (in shares)					1
Common stock par value (in dollars per share)	$ 0.01	$ 0.01			$ 0.01
Preferred stock par value (in dollars per share)	0.01	$ 0.01			0.01
Exercise price of right (in dollars per share)					$ 35,000
Closing price of common stock (in dollars per share)	$ 28.69
Preferred Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of preferred stocks to be purchased with each right (in shares)					0.001
2018 Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares)	1,240,986
Options \| 2018 Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Option expiration period	7 years
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of awards vested	$ 4,100,000	$ 3,400,000	$ 500,000
Restricted Stock \| 2018 Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of awards vested	$ 1,800,000	$ 1,000,000.0	$ 400,000
Performance Shares \| 2018 Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
May 2018 Stock Repurchase Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized repurchase amount						$ 7,500,000
November 2021 Stock Repurchase Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized repurchase amount				$ 10,000,000.0
Remaining value available under stock repurchase program	$ 6,900,000

Net Income per Share of Common Stock (Tables)

12 Months Ended

Jun. 28, 2024

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Net Income per Share

The following table presents the computation of basic and diluted net income per share:


	Fiscal Year
(In thousands, except per share amounts)	2024		2023		2022
Numerator:
Net income	$	10,760	$	10,169	$	21,160

Denominator:
Weighted average shares outstanding, basic	12,182		11,358		11,167
Effect of potentially dilutive equivalent shares	274		497		653
Weighted average shares outstanding, diluted	12,456		11,855		11,820

Net income per share:
Basic	$	0.88	$	0.90	$	1.89
Diluted	$	0.86	$	0.86	$	1.79

Schedule of Antidilutive Securities Excluded from Computation of Net Income Per Share

The following table summarizes the weighted-average equity awards that were excluded from the diluted net income per share calculations since they were anti-dilutive:


	Fiscal Year
(In thousands)	2024	2023	2022
Stock options	319	194	114
Restricted stock units and performance stock units	23	21	72
Total shares of common stock excluded	342	215	186

The Company and Summary of Significant Accounting Policies (Property, Plant and Equipment) (Details)	Jun. 28, 2024
Buildings
Property, Plant and Equipment [Line Items]
Useful life	40 years
Leasehold improvements \| Minimum
Property, Plant and Equipment [Line Items]
Useful life	2 years
Leasehold improvements \| Maximum
Property, Plant and Equipment [Line Items]
Useful life	10 years
Software and equipment \| Minimum
Property, Plant and Equipment [Line Items]
Useful life	2 years
Software and equipment \| Maximum
Property, Plant and Equipment [Line Items]
Useful life	5 years

Stockholders’ Equity (Stock Based Compensation Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 7,341	$ 6,720	$ 3,834
Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	1,549	1,394	582
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	3,941	3,565	1,482
Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	1,851	1,761	1,770
Cost of product sales and services
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	406	627	440
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	593	514	246
Selling and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 6,342	$ 5,579	$ 3,148

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 2
-Subparagraph (a)(3)
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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Reference 25: http://www.xbrl.org/2003/role/disclosureRef
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Stockholders’ Equity (Options by Exercise Price Range) (Details)	12 Months Ended
	Jun. 28, 2024 $ / shares shares
Share-Based Payment Arrangement [Abstract]
Actual Range of Exercise Prices, Lower Limit (in dollars per share)	$ 7.23
Actual Range of Exercise Prices, Upper Limit (in dollars per share)	$ 35.97
Number Outstanding (in shares) \| shares	438,000
Weighted-Average Remaining Contractual Life	4 years 7 months 20 days
Weighted-Average Exercise Price (in dollars per share)	$ 27.51
Number Exercisable (in shares) \| shares	205,000
Weighted-Average Exercise Price (in dollars per share)	$ 21.11

Net Income per Share of Common Stock

12 Months Ended

Jun. 28, 2024

Earnings Per Share [Abstract]

Net Income per Share of Common Stock

Net income per share is computed by dividing net income attributable to the Company by the weighted average number of shares of its outstanding common stock.

The following table presents the computation of basic and diluted net income per share:


	Fiscal Year
(In thousands, except per share amounts)	2024		2023		2022
Numerator:
Net income	$	10,760	$	10,169	$	21,160

Denominator:
Weighted average shares outstanding, basic	12,182		11,358		11,167
Effect of potentially dilutive equivalent shares	274		497		653
Weighted average shares outstanding, diluted	12,456		11,855		11,820

Net income per share:
Basic	$	0.88	$	0.90	$	1.89
Diluted	$	0.86	$	0.86	$	1.79

The following table summarizes the weighted-average equity awards that were excluded from the diluted net income per share calculations since they were anti-dilutive:


	Fiscal Year
(In thousands)	2024	2023	2022
Stock options	319	194	114
Restricted stock units and performance stock units	23	21	72
Total shares of common stock excluded	342	215	186

Revenue Recognition (Remaining Performance Obligations) (Details) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-06-29 $ in Millions	Jun. 28, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, amount	$ 158.5
Remaining performance obligation, percentage	50.00%
Expected timing of satisfaction, period	12 months

Balance Sheet Components (Cash, Cash Equivalents and Restricted Cash) (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022	Jul. 02, 2021
Balance Sheet Related Disclosures [Abstract]
Cash and cash equivalents	$ 64,622	$ 22,242
Restricted cash included in long-term other assets	312	279
Total cash, cash equivalents, and restricted cash	$ 64,934	$ 22,521	$ 37,104	$ 48,198

Income Taxes

12 Months Ended

Jun. 28, 2024

Income Tax Disclosure [Abstract]

Income Taxes

Income (loss) before provision for income taxes during fiscal 2024, 2023 and 2022 consisted of the following:


	Fiscal Year
(In thousands)	2024		2023		2022
United States	$	16,741	$	19,113	$	31,923
Foreign	165		2,201		(1,488)
Total income before income taxes	$	16,906	$	21,314	$	30,435

Provision for (benefit from) income taxes for fiscal 2024, 2023 and 2022 were summarized as follows:


	Fiscal Year
(In thousands)	2024		2023		2022
Current:
Federal	$	54	$	—	$	15
Foreign	2,128		1,493		1,234
State and local	339		637		333
	2,521		2,130		1,582
Deferred:
Federal	4,613		8,450		6,348
Foreign	(2,035)		(522)		161
State and local	1,047		1,087		1,184
	3,625		9,015		7,693
Total provision for income taxes	$	6,146	$	11,145	$	9,275

The provision for income taxes differed from the amount computed by applying the federal statutory rate of 21%, to the Company’s income before provision for income taxes as follows:


	Fiscal Year
(In thousands)	2024		2023		2022
Tax provision at statutory rate	$	3,550	$	4,476	$	6,344
Valuation allowances	(2,354)		302		220
Permanent differences	(20)		19		7
Foreign income inclusions	654		319		—
Effect of flow-through entities	(29)		409		58
Transaction costs	1,092		746		235
State and local taxes, net of U.S. federal tax benefit	877		980		1,534
Foreign income taxed at rates different than the U.S. statutory rate	411		233		439
Executive compensation limitation	729		663		439
Share-based compensation	(339)		(728)		(580)
Tax credit - generated and expired	(125)		(140)		113
Foreign withholding taxes	698		88		267

Change in uncertain tax positions	869		406		644
Return-to-provision/Deferred true-up adjustments	119		359		(269)
Acquisition restructuring and integration	—		3,022		—
Other	14		(9)		(176)
Total provision for income taxes	$	6,146	$	11,145	$	9,275

The Company’s provision for income taxes was $6.1 million for fiscal 2024, $11.1 million for fiscal 2023 and $9.3 million for fiscal 2022. The Company’s tax expense for fiscal 2024 was primarily due to tax expense related to U.S. and profitable foreign subsidiaries, partially offset by Canada valuation allowance release. The Company’s tax expense for fiscal 2023 was primarily due to tax expense related to U.S. and profitable foreign subsidiaries, including deferred tax expense associated with the acquisition of Redline (as defined below) in July 2022 and the subsequent restructuring and integration impact. Refer to Note 12. Acquisitions for further information.

The components of deferred tax assets and liabilities were as follows:


(In thousands)	June 28, 2024		June 30, 2023
Deferred tax assets:
Inventory	$	5,044	$	4,363
Accruals and reserves	2,189		1,848
Bad debts	376		125
Amortization	628		86
Share-based compensation	719		858
Deferred revenue	3,358		3,678
Unrealized exchange gain/loss	2,662		3,229
Other	784		144
Capitalized research expenses	4,830		5,119
Tax credit carryforwards	4,699		4,274
Tax loss carryforwards	93,516		101,284
Total deferred tax assets before valuation allowance	118,805		125,008
Valuation allowance	(34,543)		(37,095)
Total deferred tax assets	84,262		87,913
Deferred tax liabilities:
Branch undistributed earnings reserve	40		90
Depreciation	60		520

Right of use assets	401		488
Other	1,061		227
Total deferred tax liabilities	1,562		1,325
Net deferred tax assets	$	82,700	$	86,588

As reported on the consolidated balance sheets
Deferred income tax assets	$	83,112	$	87,080
Deferred income tax liabilities	412		492
Total net deferred income tax assets	$	82,700	$	86,588

The Company’s valuation allowance related to deferred income taxes, as reflected on the consolidated balance sheets, was $34.5 million as of June 28, 2024 and $37.1 million as of June 30, 2023. The change in valuation allowance for the fiscal years ended June 28, 2024 and June 30, 2023 was a decrease of $2.6 million and a decrease of $0.4 million, respectively.

The decrease in the valuation allowance in fiscal 2024 was primarily due to the release of certain foreign valuation allowances. The decrease in the valuation allowance in fiscal 2023 was primarily due to the release of certain U.S. federal, state, and foreign valuation allowances, partially offset by losses in tax jurisdictions in which the Company cannot recognize tax benefits. As of June 28, 2024, the Company maintains a valuation allowance of $0.5 million on certain U.S. federal and state deferred tax assets that the Company believes is not more likely than not to be realized in future periods.

Tax loss and credit carryforwards as of June 28, 2024 have expiration dates ranging between one year and no expiration in certain instances. The amounts of U.S. federal tax loss carryforwards as of June 28, 2024 was $280.6 million and begin to expire in fiscal 2028. The amount of U.S. federal and state tax credit carryforwards as of June 28, 2024 was $5.6 million, and certain credits begin to expire in fiscal 2025. The amount of foreign tax loss carryforwards as of June 28, 2024 was $178.9 million and certain losses begin to expire in fiscal 2025. The amount of foreign tax credit carryforwards as of June 28, 2024 was $3.2 million, and certain credits will begin to expire in fiscal 2026.

The Company uses the flow-through method to account for investment tax credits generated on eligible scientific research and development expenditures. Under this method, the investment tax credits are recognized as a benefit to income tax in the year they are generated.

United States income taxes have not been provided on basis differences in foreign subsidiaries of $13.3 million as of June 28, 2024 because of the Company’s intention to reinvest these earnings indefinitely. Additionally, no foreign withholding taxes, federal or state taxes have been provided if these unremitted earnings of the Company’s foreign subsidiaries were distributed, as such amounts are considered permanently reinvested. It is not practicable to estimate the additional income taxes, including applicable foreign withholding taxes, that would be due upon the repatriation of these earnings.

The Company’s unrecognized tax benefit activity for fiscal 2024, 2023 and 2022 was as follows:


(In thousands)
Unrecognized tax benefit as of July 2, 2021	$	17,255
Additions for tax positions in prior periods	54
Additions for tax positions in current periods	704
Decreases for tax positions in prior periods	(104)
Decreases related to change of foreign exchange rate	(202)
Unrecognized tax benefit as of July 1, 2022	17,707
Additions for tax positions in prior periods	19
Additions for tax positions in current periods	770
Decreases for tax positions in prior periods	(457)
Decreases related to change of foreign exchange rate	(1,953)
Unrecognized tax benefit as of June 30, 2023	16,086
Additions for tax positions in prior periods	—
Additions for tax positions in current periods	971
Decreases for tax positions in prior periods	(102)
Decreases related to change of foreign exchange rate	(880)
Unrecognized tax benefit as of June 28, 2024	$	16,075

As of June 28, 2024, the Company had unrecognized tax benefits of $16.1 million for various federal, foreign, and state income tax matters, compared to $16.1 million as of June 30, 2023. The Company’s total unrecognized tax benefits that, if recognized, would affect its effective tax rate was $7.4 million as of June 28, 2024. These unrecognized tax benefits are presented on the accompanying consolidated balance sheets net of the tax effects of net operating loss carryforwards.

The Company accounts for interest and penalties related to unrecognized tax benefits as part of its provision for income taxes. The interest accrued was $0.7 million as of June 28, 2024. An immaterial amount of penalties have been accrued as of June 28, 2024.

There was an immaterial change in the Company’s unrecognized tax benefit for tax positions in prior periods for fiscal 2024 related to settlements with tax authorities in the table above.

The Company has a number of years with open tax audits which vary from jurisdiction to jurisdiction. The major tax jurisdictions that are open and subject to potential audits include the U.S., Singapore, Ghana, Kenya, Nigeria, Saudi Arabia and Tanzania. The earliest years for these jurisdictions are as follows: U.S. - 2003; Singapore - 2015; Ghana – 2016; Kenya – 2018; Nigeria – 2006; Saudi Arabia – 2019 and Tanzania - 2017.

On March 11, 2021, the US enacted the American Rescue Plan Act of 2021 (“ARPA”) which expands Section 162(m) to cover the next five most highly compensated employees for the taxable year, in addition to the “covered employees” effective for taxable years beginning after December 31, 2026. The Company will continue to examine the elements of the ARPA and the impact it may have on future business.

On August 16, 2022, the U.S. enacted the Inflation Reduction Act of 2022 (“IRA”) which includes a new corporate alternative minimum tax of 15% on adjusted financial statement income of corporations with profits greater than $1 billion, effective for taxable years beginning after December 31, 2022, and a 1% excise tax on stock repurchases by public corporations after December 31, 2022. The Company will continue to evaluate the applicability and effect of the IRA as more guidance is issued.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Paragraph 12C
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Name Accounting Standards Codification
-Section 50
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-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Related Party Transactions (Tables)

12 Months Ended

Jun. 28, 2024

Schedule of Related Party Transactions

A summary of the related party activity between the Company and NEC during fiscal 2024 is as follows:


(In thousands)
Transition services received	$	4,472
Research and development services received	7,222
Purchase of inventories	10,853

As of June 28, 2024, the Company’s outstanding related party balances with NEC included in the consolidated balance sheets are as follows:


(In thousands)
Accounts receivable, net	$	638
Other current assets	400
Accounts payable	17,182
Other current liabilities	19,896

Goodwill and Intangible Assets (Intangible Assets and Goodwill) (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 8,217	$ 5,112

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

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+ Details

Related Party Transactions (Narrative) (Details)	Nov. 30, 2023 shares	Jun. 28, 2024
NEC Transaction \| NEC Corporation
Related Party Transaction [Line Items]
Equity method investment, ownership percentage		5.80%
Lock-Up \| Related Party
Related Party Transaction [Line Items]
Share release, monthly release of issued shares	0.0833
Share release, period after closing date	2 years
NEC Corporation
Related Party Transaction [Line Items]
Consideration transferred, equity interest issued and issuable, number of shares (in shares)	736,750

Income Taxes (Components of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Jun. 30, 2023
Deferred tax assets:
Inventory	$ 5,044	$ 4,363
Accruals and reserves	2,189	1,848
Bad debts	376	125
Amortization	628	86
Share-based compensation	719	858
Deferred revenue	3,358	3,678
Unrealized exchange gain/loss	2,662	3,229
Other	784	144
Capitalized research expenses	4,830	5,119
Tax credit carryforwards	4,699	4,274
Tax loss carryforwards	93,516	101,284
Total deferred tax assets before valuation allowance	118,805	125,008
Valuation allowance	(34,543)	(37,095)
Total deferred tax assets	84,262	87,913
Deferred tax liabilities:
Branch undistributed earnings reserve	40	90
Depreciation	60	520
Right of use assets	401	488
Other	1,061	227
Total deferred tax liabilities	1,562	1,325
Net deferred tax assets	82,700	86,588
Deferred income tax assets	83,112	87,080
Deferred income tax liabilities	$ 412	$ 492

Revenue Recognition (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Advance payments and unearned income	$ 66.3
Revenue to be recognized, percentage	75.00%
Services
Disaggregation of Revenue [Line Items]
Revenue recognized	$ 34.1	$ 47.2
Minimum
Disaggregation of Revenue [Line Items]
Payment terms	30 days
Maximum
Disaggregation of Revenue [Line Items]
Payment terms	120 days

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Goodwill and Intangible Assets (Goodwill Impairment) (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Jun. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Total gross intangible assets	$ 15,350	$ 9,750
Accumulated amortization	(1,706)	(704)
Total	$ 13,644	9,046
Technology
Finite-Lived Intangible Assets [Line Items]
Useful life in Years	7 years
Total gross intangible assets	$ 1,800	0
Patents
Finite-Lived Intangible Assets [Line Items]
Useful life in Years	10 years
Total gross intangible assets	$ 690	690
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Total gross intangible assets	$ 11,530	7,730
Customer relationships \| Minimum
Finite-Lived Intangible Assets [Line Items]
Useful life in Years	14 years
Customer relationships \| Maximum
Finite-Lived Intangible Assets [Line Items]
Useful life in Years	15 years
Trade names
Finite-Lived Intangible Assets [Line Items]
Useful life in Years	16 years
Total gross intangible assets	$ 1,330	$ 1,330

Audit Information	12 Months Ended
Audit Information	Jun. 28, 2024	Jul. 01, 2022
Audit Information [Abstract]
Auditor Name	Deloitte & Touche LLP	BDO USA, LLP
Auditor Location	Austin, Texas	San Jose, California
Auditor Firm ID	34	243

Revisions to Prior Period Consolidated Financial Statements (Tables)

12 Months Ended

Jun. 28, 2024

Accounting Changes and Error Corrections [Abstract]

Schedule of Consolidated Statements of Operations, Comprehensive Income, Balance Sheets, Cash Flows, and Equity

A summary of the corrections to the impacted financial statement line items in the Company’s previously issued Consolidated Statements of Operations, Comprehensive Income, Equity and Cash Flows for the twelve months ended June 30, 2023 and Consolidated Balance Sheets as of June 30, 2023 is provided below.

CONSOLIDATED STATEMENTS OF OPERATIONS


	Fiscal Year Ended June 30, 2023
(In thousands, except per share amounts)	As Previously Reported		Adjustments		As Revised
Revenues:
Product sales	$	239,321	$	(742)	$	238,579
Services	107,272		(1,418)		105,854
Total revenues	346,593		(2,160)		344,433
Cost of revenues:
Product sales	151,008		(371)		150,637
Services	71,414		—		71,414
Total cost of revenues	222,422		(371)		222,051
Gross margin	124,171		(1,789)		122,382
Operating expenses:
Research and development	24,908		—		24,908
Selling and administrative	69,842		—		69,842
Restructuring charges	3,012		—		3,012
Total operating expenses	97,762		—		97,762
Operating income	26,409		(1,789)		24,620

Interest expense, net	532		—		532
Other expense, net	2,774		—		2,774
Income before income taxes	23,103		(1,789)		21,314
Provision for income taxes	11,575		(430)		11,145
Net income	$	11,528	$	(1,359)	$	10,169

Net income attributable to Aviat Networks	$	11,528	$	(1,359)	$	10,169

Net income per share of common stock outstanding:
Basic	$	1.01	$	(0.11)	$	0.90
Diluted	$	0.97	$	(0.11)	$	0.86

Weighted average shares outstanding:
Basic	11,358		—		11,358
Diluted	11,855		—		11,855

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME


	Fiscal Year Ended June 30, 2023
(In thousands)	As Previously Reported		Adjustments		As Revised
Net income	$	11,528	$	(1,359)	$	10,169
Other comprehensive income:
Net change in cumulative translation adjustment	25		—		25
Other comprehensive income	25		—		25
Comprehensive income	$	11,553	$	(1,359)	$	10,194

CONSOLIDATED BALANCE SHEETS


	As of June 30, 2023
(In thousands, except share and par value amounts)	As Previously Reported		Adjustments		As Revised
ASSETS
Current Assets:
Cash and cash equivalents	$	22,242	$	—	$	22,242
Accounts receivable, net	101,653		(742)		100,911
Unbilled receivables	58,588		(1,418)		57,170
Inventories	33,057		371		33,428

Other current assets	22,164		—		22,164
Total current assets	237,704		(1,789)		235,915
Property, plant and equipment, net	9,452		—		9,452
Goodwill	5,112		—		5,112
Intangible assets, net	9,046		—		9,046
Deferred income taxes	86,650		430		87,080
Right-of-use assets	2,554		—		2,554
Other assets	13,978		—		13,978
Total assets	$	364,496	$	(1,359)	$	363,137
LIABILITIES AND EQUITY
Current Liabilities:
Accounts payable	$	60,141	$	—	$	60,141
Accrued expenses	24,442		—		24,442
Operating lease liabilities	610		—		610
Advance payments and unearned revenue	44,268		—		44,268
Other current liabilities	600		—		600
Total current liabilities	130,061		—		130,061
Unearned revenue	7,416		—		7,416
Long-term operating lease liabilities	2,140		—		2,140
Other long-term liabilities	314		—		314
Reserve for uncertain tax positions	3,975		—		3,975
Deferred income taxes	492		—		492
Total liabilities	144,398		—		144,398
Commitments and contingencies (Note 13)
Stockholders’ equity
Preferred stock	—		—		—
Common stock	115		—		115
Treasury stock	(6,147)		—		(6,147)
Additional paid-in-capital	830,048		—		830,048
Accumulated deficit	(587,914)		(1,359)		(589,273)
Accumulated other comprehensive loss	(16,004)		—		(16,004)
Total stockholders’ equity	220,098		(1,359)		218,739
Total liabilities and stockholders’ equity	$	364,496	$	(1,359)	$	363,137

CONSOLIDATED STATEMENTS OF CASH FLOWS


	Fiscal Year Ended June 30, 2023
(In thousands)	As Previously Reported		Adjustments		As Revised
Operating Activities
Net income	$	11,528	$	(1,359)	$	10,169
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation of property, plant and equipment	5,475		—		5,475
Amortization of intangible assets	704		—		704
Provision for uncollectible receivables	467		—		467
Share-based compensation	6,720		—		6,720
Deferred taxes	9,442		(430)		9,012
Inventory write-downs	2,138		—		2,138
Non-cash lease expense	639		—		639
Net loss on marketable securities	1,734		—		1,734
Other non-cash operating activities, net	67		—		67
Changes in operating assets and liabilities:
Accounts receivable	(25,496)		742		(24,754)
Unbilled receivables	(13,816)		1,418		(12,398)
Inventories	(4,521)		(371)		(4,892)
Accounts payable	16,040		—		16,040
Accrued expenses	(4,306)		—		(4,306)
Advance payments and unearned revenue	6,254		—		6,254
Income taxes payable	710		—		710
Other assets and liabilities	(15,423)		—		(15,423)
Net cash used in operating activities	(1,644)		—		(1,644)
Investing Activities
Purchases of property, plant and equipment	(5,335)		—		(5,335)

Proceeds from sale of marketable securities	9,157		—		9,157

Acquisitions, net of cash acquired	(15,769)		—		(15,769)
Net cash used in investing activities	(11,947)		—		(11,947)
Financing Activities
Proceeds from revolver	102,200		—		102,200
Repayments of revolver	(102,200)		—		(102,200)


Payments of deferred financing costs	(753)		—		(753)

Payments for taxes related to net settlement of equity awards	(1,198)		—		(1,198)
Proceeds from issuance of common stock under employee stock plans	1,270		—		1,270
Net cash used in financing activities	(681)		—		(681)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(311)		—		(311)
Net decrease in cash, cash equivalents and restricted cash	(14,583)		—		(14,583)
Cash, cash equivalents, and restricted cash, beginning of year	37,104		—		37,104
Cash, cash equivalents, and restricted cash, end of year	$	22,521	$	—	$	22,521

CONSOLIDATED STATEMENTS OF EQUITY



	Common Stock			Treasury Stock			Additional Paid-in Capital		Accumulated Deficit		Accumulated Other Comprehensive Loss		Total Equity
(In thousands)	Shares	$ Amount		Shares	$ Amount
As Previously Reported
Balance as of July 2, 2022	11,161	$	112	195	$	(6,147)	$	823,259	$	(599,442)	$	(16,029)	$	201,753
Net income	—	—		—	—		—		11,528		—		11,528
Other comprehensive income	—	—		—	—		—		—		25		25
Issuance of common stock under employee stock plans	396	3		—	—		1,267		—		—		1,270
Shares withheld for taxes related to vesting of equity awards	(39)	—		—	—		(1,198)		—		—		(1,198)

Share-based compensation	—	—		—	—		6,720		—		—		6,720

Balance as of June 30, 2023	11,518	$	115	195	$	(6,147)	$	830,048	$	(587,914)	$	(16,004)	$	220,098

Adjustments
Balance as of July 2, 2022	—	$	—	—	$	—	$	—	$	—	$	—	$	—
Net income	—	—		—	—		—		(1,359)		—		(1,359)
Other comprehensive income	—	—		—	—		—		—		—		—
Issuance of common stock under employee stock plans	—	—		—	—		—		—		—		—
Shares withheld for taxes related to vesting of equity awards	—	—		—	—		—		—		—		—

Share-based compensation	—	—		—	—		—		—		—		—

Balance as of June 30, 2023	—	$	—	—	$	—	$	—	$	(1,359)	$	—	$	(1,359)

As Revised
Balance as of July 2, 2022	11,161	$	112	195	$	(6,147)	$	823,259	$	(599,442)	$	(16,029)	$	201,753
Net income	—	—		—	—		—		10,169		—		10,169
Other comprehensive income	—	—		—	—		—		—		25		25
Issuance of common stock under employee stock plans	396	3		—	—		1,267		—		—		1,270
Shares withheld for taxes related to vesting of equity awards	(39)	—		—	—		(1,198)		—		—		(1,198)

Share-based compensation	—	—		—	—		6,720		—		—		6,720

Balance as of June 30, 2023	11,518	$	115	195	$	(6,147)	$	830,048	$	(589,273)	$	(16,004)	$	218,739

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 10,760	$ 10,169	$ 21,160
Other comprehensive (loss) income:
Net change in cumulative translation adjustment	(3,316)	25	(1,702)
Other comprehensive (loss) income	(3,316)	25	(1,702)
Comprehensive income	$ 7,444	$ 10,194	$ 19,458

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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Reference 33: http://www.xbrl.org/2003/role/disclosureRef
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Reference 35: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (a)
-Publisher FASB
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Reference 36: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Revisions to Prior Period Consolidated Financial Statements

12 Months Ended

Jun. 28, 2024

Accounting Changes and Error Corrections [Abstract]

Revisions to Prior Period Consolidated Financial Statements

As described in Note 1. The Company and Summary of Significant Accounting Policies, subsequent to the issuance of the consolidated financial statements and related disclosures for the fiscal year ended June 30, 2023, the Company identified certain errors in its previously issued consolidated financial statements.

The Company identified an error related to estimated total contract costs and progress to completion for an over-time arrangement. The effect of the error resulted in revenues related to services being overstated by $1.4 million for the year ended June 30, 2023. This error also impacted the previously issued quarterly financial statements for fiscal 2024. The Company also identified that it had inappropriately recorded revenue and costs of sales in fiscal 2023 related to product sales recognized at a point-in-time for which control had not been transferred to the customer. This resulted in an overstatement of revenue related to product sales of $0.7 million and cost of revenues related to product sales of $0.4 million for the year ended June 30, 2023.

In accordance with ASC 250, Accounting Changes and Error Corrections and Staff Accounting Bulletins (“SAB”) No. 99, Materiality and No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements, the Company evaluated the materiality of the errors and determined that the impacts were not material, individually or in the aggregate, to the Company’s previously issued consolidated financial statements for any of the prior reporting periods in which they occurred, but that correcting the error in the current reporting period would be material to the Company’s results of operations for fiscal 2024. As a result, the Company has restated the prior period financial statements and related disclosures for fiscal 2023 to correct the errors. The Company will also correct previously issued quarterly financial statements and related disclosures for such immaterial errors in future filings, as applicable (see “Part II, Item 9B. Other Information” below for additional information). A summary of the corrections to the impacted financial statement line items in the Company’s previously issued Consolidated Statements of Operations, Comprehensive Income, Equity and Cash Flows for the twelve months ended June 30, 2023 and Consolidated Balance Sheets as of June 30, 2023 is provided below.

CONSOLIDATED STATEMENTS OF OPERATIONS


	Fiscal Year Ended June 30, 2023
(In thousands, except per share amounts)	As Previously Reported		Adjustments		As Revised
Revenues:
Product sales	$	239,321	$	(742)	$	238,579
Services	107,272		(1,418)		105,854
Total revenues	346,593		(2,160)		344,433
Cost of revenues:
Product sales	151,008		(371)		150,637
Services	71,414		—		71,414
Total cost of revenues	222,422		(371)		222,051
Gross margin	124,171		(1,789)		122,382
Operating expenses:
Research and development	24,908		—		24,908
Selling and administrative	69,842		—		69,842
Restructuring charges	3,012		—		3,012
Total operating expenses	97,762		—		97,762
Operating income	26,409		(1,789)		24,620

Interest expense, net	532		—		532
Other expense, net	2,774		—		2,774
Income before income taxes	23,103		(1,789)		21,314
Provision for income taxes	11,575		(430)		11,145
Net income	$	11,528	$	(1,359)	$	10,169

Net income attributable to Aviat Networks	$	11,528	$	(1,359)	$	10,169

Net income per share of common stock outstanding:
Basic	$	1.01	$	(0.11)	$	0.90
Diluted	$	0.97	$	(0.11)	$	0.86

Weighted average shares outstanding:
Basic	11,358		—		11,358
Diluted	11,855		—		11,855

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME


	Fiscal Year Ended June 30, 2023
(In thousands)	As Previously Reported		Adjustments		As Revised
Net income	$	11,528	$	(1,359)	$	10,169
Other comprehensive income:
Net change in cumulative translation adjustment	25		—		25
Other comprehensive income	25		—		25
Comprehensive income	$	11,553	$	(1,359)	$	10,194

CONSOLIDATED BALANCE SHEETS


	As of June 30, 2023
(In thousands, except share and par value amounts)	As Previously Reported		Adjustments		As Revised
ASSETS
Current Assets:
Cash and cash equivalents	$	22,242	$	—	$	22,242
Accounts receivable, net	101,653		(742)		100,911
Unbilled receivables	58,588		(1,418)		57,170
Inventories	33,057		371		33,428

Other current assets	22,164		—		22,164
Total current assets	237,704		(1,789)		235,915
Property, plant and equipment, net	9,452		—		9,452
Goodwill	5,112		—		5,112
Intangible assets, net	9,046		—		9,046
Deferred income taxes	86,650		430		87,080
Right-of-use assets	2,554		—		2,554
Other assets	13,978		—		13,978
Total assets	$	364,496	$	(1,359)	$	363,137
LIABILITIES AND EQUITY
Current Liabilities:
Accounts payable	$	60,141	$	—	$	60,141
Accrued expenses	24,442		—		24,442
Operating lease liabilities	610		—		610
Advance payments and unearned revenue	44,268		—		44,268
Other current liabilities	600		—		600
Total current liabilities	130,061		—		130,061
Unearned revenue	7,416		—		7,416
Long-term operating lease liabilities	2,140		—		2,140
Other long-term liabilities	314		—		314
Reserve for uncertain tax positions	3,975		—		3,975
Deferred income taxes	492		—		492
Total liabilities	144,398		—		144,398
Commitments and contingencies (Note 13)
Stockholders’ equity
Preferred stock	—		—		—
Common stock	115		—		115
Treasury stock	(6,147)		—		(6,147)
Additional paid-in-capital	830,048		—		830,048
Accumulated deficit	(587,914)		(1,359)		(589,273)
Accumulated other comprehensive loss	(16,004)		—		(16,004)
Total stockholders’ equity	220,098		(1,359)		218,739
Total liabilities and stockholders’ equity	$	364,496	$	(1,359)	$	363,137

CONSOLIDATED STATEMENTS OF CASH FLOWS


	Fiscal Year Ended June 30, 2023
(In thousands)	As Previously Reported		Adjustments		As Revised
Operating Activities
Net income	$	11,528	$	(1,359)	$	10,169
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation of property, plant and equipment	5,475		—		5,475
Amortization of intangible assets	704		—		704
Provision for uncollectible receivables	467		—		467
Share-based compensation	6,720		—		6,720
Deferred taxes	9,442		(430)		9,012
Inventory write-downs	2,138		—		2,138
Non-cash lease expense	639		—		639
Net loss on marketable securities	1,734		—		1,734
Other non-cash operating activities, net	67		—		67
Changes in operating assets and liabilities:
Accounts receivable	(25,496)		742		(24,754)
Unbilled receivables	(13,816)		1,418		(12,398)
Inventories	(4,521)		(371)		(4,892)
Accounts payable	16,040		—		16,040
Accrued expenses	(4,306)		—		(4,306)
Advance payments and unearned revenue	6,254		—		6,254
Income taxes payable	710		—		710
Other assets and liabilities	(15,423)		—		(15,423)
Net cash used in operating activities	(1,644)		—		(1,644)
Investing Activities
Purchases of property, plant and equipment	(5,335)		—		(5,335)

Proceeds from sale of marketable securities	9,157		—		9,157

Acquisitions, net of cash acquired	(15,769)		—		(15,769)
Net cash used in investing activities	(11,947)		—		(11,947)
Financing Activities
Proceeds from revolver	102,200		—		102,200
Repayments of revolver	(102,200)		—		(102,200)


Payments of deferred financing costs	(753)		—		(753)

Payments for taxes related to net settlement of equity awards	(1,198)		—		(1,198)
Proceeds from issuance of common stock under employee stock plans	1,270		—		1,270
Net cash used in financing activities	(681)		—		(681)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(311)		—		(311)
Net decrease in cash, cash equivalents and restricted cash	(14,583)		—		(14,583)
Cash, cash equivalents, and restricted cash, beginning of year	37,104		—		37,104
Cash, cash equivalents, and restricted cash, end of year	$	22,521	$	—	$	22,521

CONSOLIDATED STATEMENTS OF EQUITY



	Common Stock			Treasury Stock			Additional Paid-in Capital		Accumulated Deficit		Accumulated Other Comprehensive Loss		Total Equity
(In thousands)	Shares	$ Amount		Shares	$ Amount
As Previously Reported
Balance as of July 2, 2022	11,161	$	112	195	$	(6,147)	$	823,259	$	(599,442)	$	(16,029)	$	201,753
Net income	—	—		—	—		—		11,528		—		11,528
Other comprehensive income	—	—		—	—		—		—		25		25
Issuance of common stock under employee stock plans	396	3		—	—		1,267		—		—		1,270
Shares withheld for taxes related to vesting of equity awards	(39)	—		—	—		(1,198)		—		—		(1,198)

Share-based compensation	—	—		—	—		6,720		—		—		6,720

Balance as of June 30, 2023	11,518	$	115	195	$	(6,147)	$	830,048	$	(587,914)	$	(16,004)	$	220,098

Adjustments
Balance as of July 2, 2022	—	$	—	—	$	—	$	—	$	—	$	—	$	—
Net income	—	—		—	—		—		(1,359)		—		(1,359)
Other comprehensive income	—	—		—	—		—		—		—		—
Issuance of common stock under employee stock plans	—	—		—	—		—		—		—		—
Shares withheld for taxes related to vesting of equity awards	—	—		—	—		—		—		—		—

Share-based compensation	—	—		—	—		—		—		—		—

Balance as of June 30, 2023	—	$	—	—	$	—	$	—	$	(1,359)	$	—	$	(1,359)

As Revised
Balance as of July 2, 2022	11,161	$	112	195	$	(6,147)	$	823,259	$	(599,442)	$	(16,029)	$	201,753
Net income	—	—		—	—		—		10,169		—		10,169
Other comprehensive income	—	—		—	—		—		—		25		25
Issuance of common stock under employee stock plans	396	3		—	—		1,267		—		—		1,270
Shares withheld for taxes related to vesting of equity awards	(39)	—		—	—		(1,198)		—		—		(1,198)

Share-based compensation	—	—		—	—		6,720		—		—		6,720

Balance as of June 30, 2023	11,518	$	115	195	$	(6,147)	$	830,048	$	(589,273)	$	(16,004)	$	218,739

Restructuring Activities (Tables)

12 Months Ended

Jun. 28, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Related Activities

The following table summarizes restructuring related activities during fiscal 2024, 2023 and 2022:


(In thousands)	Employee Severance and Benefits		Facilities and Other		Total
Balance as of July, 2, 2021	$	2,489	$	248	$	2,737
Charges (reversals), net	474		(236)		238
Cash payments	(1,559)		—		(1,559)
Other	(23)		(12)		(35)
Balance as of July, 1, 2022	1,381		—		1,381
Charges, net	2,947		—		2,947
Cash payments	(3,728)		—		(3,728)

Balance as of June, 30, 2023	600		—		600
Charges, net	3,901		—		3,901
Cash payments	(2,783)		—		(2,783)

Balance as of June, 28, 2024	$	1,718	$	—	$	1,718

Income Taxes (Income before Provision for Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
Income Tax Disclosure [Abstract]
United States	$ 16,741	$ 19,113	$ 31,923
Foreign	165	2,201	(1,488)
Income before income taxes	$ 16,906	$ 21,314	$ 30,435

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
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-Name Accounting Standards Codification
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-Paragraph 32
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-Publisher FASB
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Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
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-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 7: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/exampleRef
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Revisions to Prior Period Consolidated Financial Statements (Consolidated Statements of Equity) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	11,500,000
Beginning balance of treasury stock (in shares)	200,000
Beginning balance	$ 218,739	$ 201,753	$ 183,335
Net income	10,760	10,169	21,160
Other comprehensive (loss) income	(3,316)	25	(1,702)
Issuance of common stock under employee stock plans	1,058	1,270	1,031
Shares withheld for taxes related to vesting of equity awards	(696)	(1,198)	(543)
Share-based compensation	$ 7,341	$ 6,720	3,834
Ending balance (in shares)	12,600,000	11,500,000
Ending balance of treasury stock (in shares)	200,000	200,000
Ending balance	$ 255,885	$ 218,739	201,753
As Previously Reported
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	220,098	201,753
Net income		11,528
Other comprehensive (loss) income		25
Issuance of common stock under employee stock plans		1,270
Shares withheld for taxes related to vesting of equity awards		(1,198)
Share-based compensation		6,720
Ending balance		220,098	201,753
Adjustments
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ (1,359)	0
Net income		(1,359)
Other comprehensive (loss) income		0
Issuance of common stock under employee stock plans		0
Shares withheld for taxes related to vesting of equity awards		0
Share-based compensation		0
Ending balance		$ (1,359)	$ 0
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	11,518,000	11,161,000	11,154,000
Beginning balance	$ 115	$ 112	$ 112
Issuance of common stock under employee stock plans (in shares)	400,000	396,000	198,000
Issuance of common stock under employee stock plans	$ 4	$ 3	$ 2
Shares withheld for taxes related to vesting of equity awards (in shares)	(22,000)	(39,000)	(16,000)
Ending balance (in shares)	12,622,000	11,518,000	11,161,000
Ending balance	$ 126	$ 115	$ 112
Common Stock \| As Previously Reported
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	11,518,000	11,161,000
Beginning balance	$ 115	$ 112
Issuance of common stock under employee stock plans (in shares)		396,000
Issuance of common stock under employee stock plans		$ 3
Shares withheld for taxes related to vesting of equity awards (in shares)		(39,000)
Ending balance (in shares)		11,518,000	11,161,000
Ending balance		$ 115	$ 112
Common Stock \| Adjustments
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 0	$ 0
Shares withheld for taxes related to vesting of equity awards (in shares)		0
Ending balance		$ 0	$ 0
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance of treasury stock (in shares)	195,000	195,000	20,000
Beginning balance	$ (6,147)	$ (6,147)	$ (787)
Ending balance of treasury stock (in shares)	206,000	195,000	195,000
Ending balance	$ (6,479)	$ (6,147)	$ (6,147)
Treasury Stock \| As Previously Reported
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance of treasury stock (in shares)	195,000	195,000
Beginning balance	$ (6,147)	$ (6,147)
Ending balance of treasury stock (in shares)		195,000	195,000
Ending balance		$ (6,147)	$ (6,147)
Treasury Stock \| Adjustments
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance of treasury stock (in shares)	0	0
Beginning balance	$ 0	$ 0
Ending balance of treasury stock (in shares)		0	0
Ending balance		$ 0	$ 0
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	830,048	823,259	818,939
Issuance of common stock under employee stock plans	1,054	1,267	1,029
Shares withheld for taxes related to vesting of equity awards	(696)	(1,198)	(543)
Share-based compensation	7,341	6,720	3,834
Ending balance	860,071	830,048	823,259
Additional Paid-in Capital \| As Previously Reported
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	830,048	823,259
Issuance of common stock under employee stock plans		1,267
Shares withheld for taxes related to vesting of equity awards		(1,198)
Share-based compensation		6,720
Ending balance		830,048	823,259
Additional Paid-in Capital \| Adjustments
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	0	0
Issuance of common stock under employee stock plans		0
Ending balance		0	0
Accumulated Deficit
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(589,273)	(599,442)	(620,602)
Net income	10,760	10,169	21,160
Ending balance	(578,513)	(589,273)	(599,442)
Accumulated Deficit \| As Previously Reported
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(587,914)	(599,442)
Net income		11,528
Ending balance		(587,914)	(599,442)
Accumulated Deficit \| Adjustments
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(1,359)	0
Net income		(1,359)
Ending balance		(1,359)	0
Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(16,004)	(16,029)	(14,327)
Other comprehensive (loss) income	(3,316)	25	(1,702)
Ending balance	(19,320)	(16,004)	(16,029)
Accumulated Other Comprehensive Loss \| As Previously Reported
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(16,004)	(16,029)
Other comprehensive (loss) income		25
Ending balance		(16,004)	(16,029)
Accumulated Other Comprehensive Loss \| Adjustments
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 0	0
Other comprehensive (loss) income		0
Ending balance		$ 0	$ 0

Credit Facility and Debt

12 Months Ended

Jun. 28, 2024

Debt Disclosure [Abstract]

Credit Facility and Debt

The Company entered into a Secured Credit Facility Agreement (the “Credit Facility”), dated May 9, 2023, amended as of November 22, 2023, with Wells Fargo Bank, National Association, as administrative agent, swingline lender and issuing lender and Wells Fargo Securities LLC, Citigroup Global Markets Inc., and Regions Capital Markets as lenders. The Credit Facility provides for a $40.0 million revolving credit facility (the “Revolver”) and a $50.0 million Delayed Draw Term Loan Facility (the “Term Loan”) with a maturity date of May 8, 2028. The $40.0 million Revolver can be borrowed with a $10.0 million sub-limit for letters of credit, and a $10.0 million swingline loan sub-limit.

In November 2023, the Company borrowed $50.0 million against the Term Loan to primarily settle the cash portion of the consideration associated with the NEC Transaction. Refer to Note 12. Acquisitions for further information.

As of June 28, 2024, the available credit under the Revolver was $35.1 million, reflecting the available limit of $40.0 million less outstanding letters of credit of $4.9 million. The Company borrowed $33.2 million and repaid $33.2 million against the Revolver in fiscal 2024. As of June 28, 2024, the Company had $48.8 million outstanding under its Term Loan and no borrowings under its Revolver.

The following summarizes the Company’s outstanding long-term debt as of June 28, 2024:


(In thousands)
Term loan	$	48,750
Less: unamortized deferred financing costs	(400)
Total debt	48,350
Less: current portion of long-term debt	(2,396)
Total long-term debt	$	45,954

Outstanding borrowings under the Credit Facility bear interest at either: (a) Adjusted Term Secured Overnight Financing Rate (“SOFR”) plus the applicable margin; or (b) the Base Rate plus the applicable margin. The pricing levels for interest rate margins are determined based on the Consolidated Total Leverage Ratio as determined and adjusted quarterly. As of June 28, 2024, the applicable margin on Adjusted Term SOFR and Base Rate borrowings was 2.5% and 1.5%, respectively. The effective rate of interest on the outstanding Term Loan borrowings as of June 28, 2024 was 7.9%.

The Credit Facility requires the Company and its subsidiaries to maintain a fixed charge coverage ratio to be greater than 1.25 to 1.00 as of the last day of any fiscal quarter of the Company. The Credit Facility also requires that the Company maintain a maximum leverage ratio of 3.00 times EBITDA, with a step-down to 2.75 times EBITDA after four full quarters, and 2.50 times EBITDA after eight full quarters. The Credit Facility contains customary affirmative and negative covenants, including, among others, covenants limiting the ability of the Company and its subsidiaries to dispose of assets, permit a change in control, merge or consolidate, make acquisitions, incur indebtedness, grant liens, make investments, make certain restricted payments, and enter into transactions with affiliates, in each case subject to customary exceptions. As of June 28, 2024, the Company was in compliance with all financial covenants contained in the Credit Facility.

As of June 28, 2024, scheduled maturities of outstanding long-term debt are as follows:


(In thousands)
2025	$	2,500
2026	3,750
2027	6,250
2028	36,250
Total	$	48,750

In the fourth quarter of fiscal 2023, the Company and Silicon Valley Bank (“SVB”) terminated the Third Amended and Restated Loan and Security Agreement dated June 29, 2018, and as amended May 17, 2021 (the “SVB Credit Facility”), by and between the Company, as borrower, and SVB, as lender.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Goodwill and Intangible Assets (Finite-Lived Intangible Assets, Future Amortization Expense) (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
2025	$ 1,215
2026	1,215
2027	1,215
2028	1,215
2029	1,215
Thereafter	7,569
Total	$ 13,644	$ 9,046

Fair Value Measurements of Assets and Liabilities (Narrative) (Details) - $ / shares	Jun. 28, 2024	Jun. 30, 2023
Money market funds \| Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Money market, net asset value (in dollars per share)	$ 1.00	$ 1.00

Revisions to Prior Period Consolidated Financial Statements (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total Revenue	$ 408,083	$ 344,433	$ 302,959
Total cost of revenues	263,351	222,051	193,724
Services
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total Revenue	133,878	105,854	94,859
Total cost of revenues	91,568	71,414	61,320
Services \| Revision of Prior Period, Error Correction, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total Revenue		1,400
Total cost of revenues		700
Product sales
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total Revenue	274,205	238,579	208,100
Total cost of revenues	$ 171,783	150,637	$ 132,404
Product sales \| Revision of Prior Period, Error Correction, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total cost of revenues		$ 400

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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Stockholders’ Equity (Tables)

12 Months Ended

Jun. 28, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Repurchase of Common Stock

The following table summarizes the Company’s repurchases of its common stock in fiscal 2024, 2023 and 2022:


	Shares Purchased	Average Price Paid Per Share		Aggregate Purchase Amount
				(In thousands)
Fiscal 2024	11,208	$	29.59	$	332
Fiscal 2023	—	$	—	$	—
Fiscal 2022	175,356	$	30.57	$	5,360

Schedule of Compensation Expense for Share-based Compensation Awards

The following table presents the compensation expense for share-based awards included in the consolidated statements of operations for fiscal 2024, 2023 and 2022:


	Fiscal Year
(In thousands)	2024		2023		2022
By Expense Category:
Cost of product sales and services	$	406	$	627	$	440
Research and development	593		514		246
Selling and administrative	6,342		5,579		3,148
Total share-based compensation expense	$	7,341	$	6,720	$	3,834
By Type of Award:
Options	$	1,549	$	1,394	$	582
Restricted stock	3,941		3,565		1,482
Performance shares	1,851		1,761		1,770
Total share-based compensation expense	$	7,341	$	6,720	$	3,834

The following table summarizes the unamortized compensation expense and the remaining years over which such expense would be expected to be recognized, on a weighted-average basis, by type of award:


	June 28, 2024
	Unamortized Expense		Remaining Recognition Period
	(In thousands)		(Years)
Options	$	2,185	1.63
Restricted stock	5,060		1.52
Performance shares	2,020		1.31
Total	$	9,265

Schedule of Stock Options Activities

A summary of the option activity during fiscal 2024 is as follows:


	Number of Shares	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term	Aggregate Intrinsic Value
	(In thousands)			(Years)	(In thousands)
Options outstanding as of June 30, 2023	414	$	21.77	3.78	$	3,607
Granted	151	$	33.62
Exercised	(97)	$	10.87
Forfeited	(23)	$	33.08
Expired	(7)	$	32.96
Options outstanding as of June 28, 2024	438	$	27.51	4.64	$	1,949
Options vested and expected to vest as of June 28, 2024	438	$	27.51	4.64	$	1,949
Options exercisable as of June 28, 2024	205	$	21.11	3.51	$	1,949

Schedule of Additional Information of Stock Options

Additional information related to stock options is summarized below:


	Fiscal Year
(In thousands)	2024		2023		2022
Intrinsic value of options exercised	$	2,057	$	3,725	$	1,624
Fair value of options vested	$	1,190	$	1,142	$	608

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of each option grant was estimated using the Black-Scholes option pricing model on the date of grant. A summary of the weighted-average significant assumptions used in the Black-Scholes valuation model is as follows:


	Fiscal Year
	2024		2023		2022
Dividend yield	—	%	—	%	—	%
Expected volatility	60.8	%	62.9	%	61.9	%
Risk-free interest rate	4.7	%	3.5	%	0.4	%
Expected term (in years)	3.6		3.0		3.0

Schedule of Stock Options Outstanding and Exercisable

The following summarizes options outstanding and exercisable as of June 28, 2024:


			Options Outstanding				Options Exercisable
Actual Range of Exercise Prices			Number Outstanding	Weighted-Average Remaining Contractual Life	Weighted-Average Exercise Price		Number Exercisable	Weighted-Average Exercise Price
			(In thousands)	(Years)			(In thousands)






$7.23	—	$35.97	438	4.64	$	27.51	205	$	21.11

Schedule of Status of Restricted Stock

A summary of the restricted stock activity during fiscal 2024 is as follows:


	Shares	Weighted-Average Grant Date Fair Value
	(In thousands)
Restricted stock outstanding as of June 30, 2023	273	$	28.15
Granted	135	$	32.12
Vested and released	(161)	$	25.36
Forfeited	(23)	$	32.16
Restricted stock outstanding as of June 28, 2024	224	$	32.16

A summary of the performance shares activity during fiscal 2024 is as follows:


	Shares	Weighted-Average Grant Date Fair Value
	(In thousands)
Performance shares outstanding as of June 30, 2023	180	$	25.20
Granted	115	$	26.99
Vested and released	(142)	$	12.61
Forfeited	(14)	$	38.40
Performance shares outstanding as of June 28, 2024	139	$	38.22

Schedule of Market Condition Award Valuation Assumptions

A summary of the significant assumptions is as follows:


	Fiscal Year
	2024		2023		2022
Dividend yield	—	%	—	%	—	%
Expected volatility	57.7	%	63.7	%	61.1	%
Risk-free interest rate	4.7	%	3.5	%	0.4	%
Expected term (in years)	2.9		2.8		2.9

Revisions to Prior Period Consolidated Financial Statements (Consolidated Balance Sheets) (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022	Jul. 02, 2021
Current Assets:
Cash and cash equivalents	$ 64,622	$ 22,242
Accounts receivable, net	158,013	100,911
Unbilled receivables	90,525	57,170
Inventories	62,267	33,428
Other current assets	27,076	22,164
Total current assets	405,223	235,915
Property, plant and equipment, net	9,480	9,452
Goodwill	8,217	5,112
Intangible assets, net	13,644	9,046
Deferred income taxes	83,112	87,080
Right-of-use assets	3,710	2,554
Other assets	11,837	13,978
Total assets	535,223	363,137
Current Liabilities:
Accounts payable	92,854	60,141
Accrued expenses	42,148	24,442
Operating lease liabilities	1,006	610
Advance payments and unearned revenue	58,839	44,268
Other current liabilities	21,614	600
Total current liabilities	218,857	130,061
Unearned revenue	7,413	7,416
Long-term operating lease liabilities	2,823	2,140
Other long-term liabilities	394	314
Reserve for uncertain tax positions	3,485	3,975
Deferred income taxes	412	492
Total liabilities	279,338	144,398
Commitments and contingencies (Note 13)
Stockholders’ equity
Preferred stock	0	0
Common stock	126	115
Treasury stock	(6,479)	(6,147)
Additional paid-in-capital	860,071	830,048
Accumulated deficit	(578,513)	(589,273)
Accumulated other comprehensive loss	(19,320)	(16,004)
Total stockholders’ equity	255,885	218,739	$ 201,753	$ 183,335
Total liabilities and stockholders’ equity	$ 535,223	363,137
As Previously Reported
Current Assets:
Cash and cash equivalents		22,242
Accounts receivable, net		101,653
Unbilled receivables		58,588
Inventories		33,057
Other current assets		22,164
Total current assets		237,704
Property, plant and equipment, net		9,452
Goodwill		5,112
Intangible assets, net		9,046
Deferred income taxes		86,650
Right-of-use assets		2,554
Other assets		13,978
Total assets		364,496
Current Liabilities:
Accounts payable		60,141
Accrued expenses		24,442
Operating lease liabilities		610
Advance payments and unearned revenue		44,268
Other current liabilities		600
Total current liabilities		130,061
Unearned revenue		7,416
Long-term operating lease liabilities		2,140
Other long-term liabilities		314
Reserve for uncertain tax positions		3,975
Deferred income taxes		492
Total liabilities		144,398
Commitments and contingencies (Note 13)
Stockholders’ equity
Preferred stock		0
Common stock		115
Treasury stock		(6,147)
Additional paid-in-capital		830,048
Accumulated deficit		(587,914)
Accumulated other comprehensive loss		(16,004)
Total stockholders’ equity		220,098	201,753
Total liabilities and stockholders’ equity		364,496
Adjustments
Current Assets:
Cash and cash equivalents		0
Accounts receivable, net		(742)
Unbilled receivables		(1,418)
Inventories		371
Other current assets		0
Total current assets		(1,789)
Property, plant and equipment, net		0
Goodwill		0
Intangible assets, net		0
Deferred income taxes		430
Right-of-use assets		0
Other assets		0
Total assets		(1,359)
Current Liabilities:
Accounts payable		0
Accrued expenses		0
Operating lease liabilities		0
Advance payments and unearned revenue		0
Other current liabilities		0
Total current liabilities		0
Unearned revenue		0
Long-term operating lease liabilities		0
Other long-term liabilities		0
Reserve for uncertain tax positions		0
Deferred income taxes		0
Total liabilities		0
Commitments and contingencies (Note 13)
Stockholders’ equity
Preferred stock		0
Common stock		0
Treasury stock		0
Additional paid-in-capital		0
Accumulated deficit		(1,359)
Accumulated other comprehensive loss		0
Total stockholders’ equity		(1,359)	$ 0
Total liabilities and stockholders’ equity		$ (1,359)

Goodwill and Intangible Assets (Narrative) (Details) - USD ($)	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
Finite-Lived Intangible Assets [Line Items]
Goodwill acquired	$ 3,100,000
Goodwill, impairment	0
Amortization of intangible assets	1,002,000	$ 704,000	$ 0
Impairment charges	0	$ 0	$ 0
NEC Transaction
Finite-Lived Intangible Assets [Line Items]
Goodwill acquired	$ 5,600,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Subsequent Events	12 Months Ended
Subsequent Events	Jun. 28, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On July 2, 2024, Aviat acquired 4RF Limited (“4RF”), a New Zealand company. Aviat purchased all of the issued and outstanding shares of 4RF in an all-cash transaction. 4RF is a leading provider of industrial wireless access solutions, including narrowband point-to-point/multi-point radios and Private LTE and 5G routers. The acquisition of 4RF allows Aviat to expand its product offering for the global industrial wireless access markets including Private LTE/5G. Due to the timing of the closing of the acquisition and delivery of related data, there was insufficient time to incorporate additional disclosures related to the preliminary purchase price allocation and fair value of the assets acquired and liabilities assumed.

Leases (Other Information Related to Operating Leases) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023
Leases [Abstract]
Weighted-average remaining lease term	5 years 8 months 12 days	6 years 10 months 24 days
Weighted-average discount rate	5.20%	5.80%
Right-of-use assets obtained in exchange for operating lease liabilities	$ 2,105	$ 95
Cash paid for operating lease liabilities	$ 1,044	$ 944

Revenue Recognition (Contracted Balances) (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Jun. 30, 2023
Contract Assets
Accounts receivable, net	$ 158,013	$ 100,911
Unbilled receivables	90,525	57,170
Capitalized commissions	3,269	3,492
Contract Liabilities
Advance payments and unearned revenue	58,839	44,268
Unearned revenue, long-term	$ 7,413	$ 7,416

Credit Facility and Debt (Tables)

12 Months Ended

Jun. 28, 2024

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

The following summarizes the Company’s outstanding long-term debt as of June 28, 2024:


(In thousands)
Term loan	$	48,750
Less: unamortized deferred financing costs	(400)
Total debt	48,350
Less: current portion of long-term debt	(2,396)
Total long-term debt	$	45,954

Schedule of Maturities of Long-Term Debt

As of June 28, 2024, scheduled maturities of outstanding long-term debt are as follows:


(In thousands)
2025	$	2,500
2026	3,750
2027	6,250
2028	36,250
Total	$	48,750

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
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-Paragraph 1
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Reference 2: http://www.xbrl.org/2003/role/exampleRef
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Reference 3: http://www.xbrl.org/2003/role/exampleRef
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-Subparagraph (SX 210.12-04(a))
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+ Details

Stockholders’ Equity

12 Months Ended

Jun. 28, 2024

Share-Based Payment Arrangement [Abstract]

Stockholders' Equity

Stockholders’ Equity

Stock Repurchase Program

In May 2018, the Company’s Board of Directors authorized a stock repurchase program to purchase up to $7.5 million of the Company’s common stock. During the second quarter of fiscal 2022, the May 2018 stock repurchase program was exhausted. In November 2021, the Company’s Board of Directors authorized a stock repurchase program to purchase up to $10.0 million of the Company’s common stock. As of June 28, 2024, $6.9 million remained available for repurchase under the November 2021 stock repurchase program. Repurchased shares are recorded as treasury stock and are not formally retired.

The following table summarizes the Company’s repurchases of its common stock in fiscal 2024, 2023 and 2022:


	Shares Purchased	Average Price Paid Per Share		Aggregate Purchase Amount
				(In thousands)
Fiscal 2024	11,208	$	29.59	$	332
Fiscal 2023	—	$	—	$	—
Fiscal 2022	175,356	$	30.57	$	5,360

Stock Incentive Programs

In March 2018, the Company’s stockholders approved the 2018 Incentive Plan (the “2018 Plan”). The 2018 Plan permits the Company to grant share-based awards in the form of options, stock appreciation rights, restricted stock awards and units (“restricted stock”) and performance share awards and units (“performance shares”) to the Company’s employees and non-employee directors. The 2018 Plan replaced the 2007 Plan as the Company’s primary long-term incentive program. The 2007 Plan was discontinued following stockholder approval of the 2018 Plan, but the outstanding awards under the 2007 Plan will continue to remain in effect in accordance with their terms; provided that, as shares are returned under the 2007 Plan upon cancellation, termination or otherwise of awards outstanding under the 2007 Plan, such shares will be available for grant under the 2018 Plan.

Under the 2018 Plan, option exercise prices are equal to the closing market value of the Company’s common stock on the date of grant. Options granted to employees vest annually over three years and expire seven years from the date of grant. Restricted stock granted to employees vest annually over three years from the date of grant. Restricted stock granted to non-employee directors vest annually on the day before the annual stockholders’ meeting. Performance shares granted to employees are subject to a three-year cliff vesting period from the date of grant, subject to the achievement of predetermined financial performance and market condition criteria. The vesting of share-based awards granted to the Company’s employees and non-employee directors are generally subject to continued service through the vesting date.

New shares of the Company’s common stock are issued to employees upon the exercise of options, vesting of restricted stock, or vesting of performance shares. All awards that are canceled prior to vesting or expire unexercised are returned to the approved pool of reserved shares and made available for future grants under the 2018 Plan. As of June 28, 2024, 1,240,986 shares remain available for grant under the 2018 Plan.

In March 2020, the Company’s Board of Directors authorized and declared a dividend distribution of one right (a “Right”) for each outstanding share of common stock, par value $0.01 per share, to the Company’s stockholders of record as of the close of business on March 3, 2020 (the “Record Date”). Each Right entitles the registered holder to purchase from the Company one one-thousandth of a share of Series A Participating Preferred Stock, par value $0.01 per share (the “Preferred Shares”), of the Company at an exercise price of $35.00 per one one-thousandth of a Preferred Share, subject to adjustment. Until the rights become exercisable, they will not be evidenced by separate certificates and will trade automatically with shares of the Company’s common stock. The Rights have a de minimis fair value. The complete terms of the Rights are set forth in the Amended and Restated Tax Benefit Preservation Plan (the “Plan”), dated as of August 27, 2020, and amended as of February 28, 2023, between the Company and Computershare Inc., as rights agent. By adopting the Plan, the Company is helping to preserve the value of certain deferred tax benefits, including those generated by net operating losses (collectively, the “Tax Benefits”), which could be lost in the event of an “ownership change” as defined under Section 382 of the U.S. tax code. The amended Plan was approved at the Company’s Annual Meeting of Stockholders held in November 2023, which extended the final expiration date of the Plan until March 3, 2026.

In November 2023, the Company’s Board of Directors adopted certain amendments to Aviat’s Amended and Restated Certificate of Incorporation, as amended (the “Charter Amendments”) The Charter Amendments are designed to preserve the Tax Benefits by restricting certain transfers of the Company’s common stock.

Share-Based Compensation

The following table presents the compensation expense for share-based awards included in the consolidated statements of operations for fiscal 2024, 2023 and 2022:


	Fiscal Year
(In thousands)	2024		2023		2022
By Expense Category:
Cost of product sales and services	$	406	$	627	$	440
Research and development	593		514		246
Selling and administrative	6,342		5,579		3,148
Total share-based compensation expense	$	7,341	$	6,720	$	3,834
By Type of Award:
Options	$	1,549	$	1,394	$	582
Restricted stock	3,941		3,565		1,482
Performance shares	1,851		1,761		1,770
Total share-based compensation expense	$	7,341	$	6,720	$	3,834

The following table summarizes the unamortized compensation expense and the remaining years over which such expense would be expected to be recognized, on a weighted-average basis, by type of award:


	June 28, 2024
	Unamortized Expense		Remaining Recognition Period
	(In thousands)		(Years)
Options	$	2,185	1.63
Restricted stock	5,060		1.52
Performance shares	2,020		1.31
Total	$	9,265

Options

A summary of the option activity during fiscal 2024 is as follows:


	Number of Shares	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term	Aggregate Intrinsic Value
	(In thousands)			(Years)	(In thousands)
Options outstanding as of June 30, 2023	414	$	21.77	3.78	$	3,607
Granted	151	$	33.62
Exercised	(97)	$	10.87
Forfeited	(23)	$	33.08
Expired	(7)	$	32.96
Options outstanding as of June 28, 2024	438	$	27.51	4.64	$	1,949
Options vested and expected to vest as of June 28, 2024	438	$	27.51	4.64	$	1,949
Options exercisable as of June 28, 2024	205	$	21.11	3.51	$	1,949

The aggregate intrinsic value represents the total pre-tax intrinsic value or the aggregate difference between the closing price of the Company’s common stock on June 28, 2024 of $28.69, and the exercise price for in-the-money options that would have been received by the optionees if all options had been exercised on June 28, 2024.

Additional information related to stock options is summarized below:


	Fiscal Year
(In thousands)	2024		2023		2022
Intrinsic value of options exercised	$	2,057	$	3,725	$	1,624
Fair value of options vested	$	1,190	$	1,142	$	608


	Fiscal Year
	2024		2023		2022
Dividend yield	—	%	—	%	—	%
Expected volatility	60.8	%	62.9	%	61.9	%
Risk-free interest rate	4.7	%	3.5	%	0.4	%
Expected term (in years)	3.6		3.0		3.0

The following summarizes options outstanding and exercisable as of June 28, 2024:


			Options Outstanding				Options Exercisable
Actual Range of Exercise Prices			Number Outstanding	Weighted-Average Remaining Contractual Life	Weighted-Average Exercise Price		Number Exercisable	Weighted-Average Exercise Price
			(In thousands)	(Years)			(In thousands)






$7.23	—	$35.97	438	4.64	$	27.51	205	$	21.11

Restricted Stock

A summary of the restricted stock activity during fiscal 2024 is as follows:


	Shares	Weighted-Average Grant Date Fair Value
	(In thousands)
Restricted stock outstanding as of June 30, 2023	273	$	28.15
Granted	135	$	32.12
Vested and released	(161)	$	25.36
Forfeited	(23)	$	32.16
Restricted stock outstanding as of June 28, 2024	224	$	32.16

The fair value of each restricted stock grant is based on the closing price of the Company’s common stock on the date of grant. The total grant date fair value of restricted stock that vested during fiscal 2024, 2023 and 2022 was $4.1 million, $3.4 million and $0.5 million, respectively.

Performance Shares

A summary of the performance shares activity during fiscal 2024 is as follows:


	Shares	Weighted-Average Grant Date Fair Value
	(In thousands)
Performance shares outstanding as of June 30, 2023	180	$	25.20
Granted	115	$	26.99
Vested and released	(142)	$	12.61
Forfeited	(14)	$	38.40
Performance shares outstanding as of June 28, 2024	139	$	38.22

The fair value of performance shares with market condition terms was estimated using the Monte-Carlo simulation model. A summary of the significant assumptions is as follows:


	Fiscal Year
	2024		2023		2022
Dividend yield	—	%	—	%	—	%
Expected volatility	57.7	%	63.7	%	61.1	%
Risk-free interest rate	4.7	%	3.5	%	0.4	%
Expected term (in years)	2.9		2.8		2.9

The total grant date fair value of performance shares that vested during fiscal 2024, 2023 and 2022 was $1.8 million, $1.0 million and $0.4 million, respectively.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
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-Publisher FASB
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Income Taxes (Tables)

12 Months Ended

Jun. 28, 2024

Income Tax Disclosure [Abstract]

Schedule of Income (loss) Before Provision for (Benefit) Income Taxes, Domestic and Foreign

Income (loss) before provision for income taxes during fiscal 2024, 2023 and 2022 consisted of the following:


	Fiscal Year
(In thousands)	2024		2023		2022
United States	$	16,741	$	19,113	$	31,923
Foreign	165		2,201		(1,488)
Total income before income taxes	$	16,906	$	21,314	$	30,435

Schedule of Components of Income Tax Expense (Benefit)

Provision for (benefit from) income taxes for fiscal 2024, 2023 and 2022 were summarized as follows:


	Fiscal Year
(In thousands)	2024		2023		2022
Current:
Federal	$	54	$	—	$	15
Foreign	2,128		1,493		1,234
State and local	339		637		333
	2,521		2,130		1,582
Deferred:
Federal	4,613		8,450		6,348
Foreign	(2,035)		(522)		161
State and local	1,047		1,087		1,184
	3,625		9,015		7,693
Total provision for income taxes	$	6,146	$	11,145	$	9,275

Schedule of Effective Income Tax Rate Reconciliation

The provision for income taxes differed from the amount computed by applying the federal statutory rate of 21%, to the Company’s income before provision for income taxes as follows:


	Fiscal Year
(In thousands)	2024		2023		2022
Tax provision at statutory rate	$	3,550	$	4,476	$	6,344
Valuation allowances	(2,354)		302		220
Permanent differences	(20)		19		7
Foreign income inclusions	654		319		—
Effect of flow-through entities	(29)		409		58
Transaction costs	1,092		746		235
State and local taxes, net of U.S. federal tax benefit	877		980		1,534
Foreign income taxed at rates different than the U.S. statutory rate	411		233		439
Executive compensation limitation	729		663		439
Share-based compensation	(339)		(728)		(580)
Tax credit - generated and expired	(125)		(140)		113
Foreign withholding taxes	698		88		267

Change in uncertain tax positions	869		406		644
Return-to-provision/Deferred true-up adjustments	119		359		(269)
Acquisition restructuring and integration	—		3,022		—
Other	14		(9)		(176)
Total provision for income taxes	$	6,146	$	11,145	$	9,275

Schedule of Deferred Tax Assets and Liabilities

The components of deferred tax assets and liabilities were as follows:


(In thousands)	June 28, 2024		June 30, 2023
Deferred tax assets:
Inventory	$	5,044	$	4,363
Accruals and reserves	2,189		1,848
Bad debts	376		125
Amortization	628		86
Share-based compensation	719		858
Deferred revenue	3,358		3,678
Unrealized exchange gain/loss	2,662		3,229
Other	784		144
Capitalized research expenses	4,830		5,119
Tax credit carryforwards	4,699		4,274
Tax loss carryforwards	93,516		101,284
Total deferred tax assets before valuation allowance	118,805		125,008
Valuation allowance	(34,543)		(37,095)
Total deferred tax assets	84,262		87,913
Deferred tax liabilities:
Branch undistributed earnings reserve	40		90
Depreciation	60		520

Right of use assets	401		488
Other	1,061		227
Total deferred tax liabilities	1,562		1,325
Net deferred tax assets	$	82,700	$	86,588

As reported on the consolidated balance sheets
Deferred income tax assets	$	83,112	$	87,080
Deferred income tax liabilities	412		492
Total net deferred income tax assets	$	82,700	$	86,588

Schedule of Unrecognized Tax Benefits Roll Forward

The Company’s unrecognized tax benefit activity for fiscal 2024, 2023 and 2022 was as follows:


(In thousands)
Unrecognized tax benefit as of July 2, 2021	$	17,255
Additions for tax positions in prior periods	54
Additions for tax positions in current periods	704
Decreases for tax positions in prior periods	(104)
Decreases related to change of foreign exchange rate	(202)
Unrecognized tax benefit as of July 1, 2022	17,707
Additions for tax positions in prior periods	19
Additions for tax positions in current periods	770
Decreases for tax positions in prior periods	(457)
Decreases related to change of foreign exchange rate	(1,953)
Unrecognized tax benefit as of June 30, 2023	16,086
Additions for tax positions in prior periods	—
Additions for tax positions in current periods	971
Decreases for tax positions in prior periods	(102)
Decreases related to change of foreign exchange rate	(880)
Unrecognized tax benefit as of June 28, 2024	$	16,075

Stockholders’ Equity (Repurchase of Common Stock) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate Purchase Amount	$ 332		$ 5,362
Treasury Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase (in shares)	11,208	0	175,356
Weighted-Average Price Paid per Share (in dollars per share)	$ 29.59	$ 0	$ 30.57
Aggregate Purchase Amount	$ 332	$ 0	$ 5,360

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Leases (Operating Leases, Future Minimum Payments Due) (Details) $ in Thousands	Jun. 28, 2024 USD ($)
Leases [Abstract]
2025	$ 1,190
2026	1,035
2027	549
2028	471
2029	303
Thereafter	1,028
Total lease payments	4,576
Less: interest	(747)
Present value of lease liabilities	$ 3,829

Goodwill and Intangible Assets (Tables)

12 Months Ended

Jun. 28, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill

The following presents details of goodwill and intangible assets:


(In thousands)	June 28, 2024		June 30, 2023
Goodwill	$	8,217	$	5,112

Schedule of Goodwill Impairment

The fiscal 2024 annual goodwill impairment test did not result in an impairment.


	Useful life in Years	June 28, 2024		June 30, 2023
Intangible assets:		(In thousands)
Technology	7	$	1,800	$	—
Patents	10	690		690
Customer relationships	14 — 15	11,530		7,730
Trade names	16	1,330		1,330
Total gross intangible assets		$	15,350	$	9,750
Accumulated amortization		(1,706)		(704)
Total net intangible assets		$	13,644	$	9,046

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of June 28, 2024, the estimated future amortization expense of finite-lived intangible assets is as follows (in thousands):


(In thousands)
2025	$	1,215
2026	1,215
2027	1,215
2028	1,215
2029	1,215
Thereafter	7,569
Total	$	13,644

Leases (Tables)

12 Months Ended

Jun. 28, 2024

Leases [Abstract]

Schedule of Lease, Cost

Supplemental lease information is as follows:


	Fiscal
(In thousands)	2024		2023
Operating lease cost	$	1,114	$	1,288
Short-term lease cost	3,065		1,999
Variable lease cost	249		107
Total lease cost	$	4,428	$	3,394


	Fiscal
(In thousands, except for weighted-average)	2024			2023
Weighted-average remaining lease term	5.7 years			6.9 years
Weighted-average discount rate	5.2		%	5.8		%
Right-of-use assets obtained in exchange for operating lease liabilities	$	2,105		$	95
Cash paid for operating lease liabilities	$	1,044		$	944

Schedule of Lessee, Operating Lease, Liability, Maturity

As of June 28, 2024, future minimum lease payments under all non-cancelable operating leases with an initial term greater than one year is as follows (in thousands):


2025	$	1,190
2026	1,035
2027	549
2028	471
2029	303
Thereafter	1,028
Total lease payments	4,576
Less: interest	(747)
Present value of lease liabilities	$	3,829

Balance Sheet Components (Inventories) (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Jun. 30, 2023
Balance Sheet Related Disclosures [Abstract]
Finished products	$ 44,890	$ 18,873
Raw materials and supplies	15,433	12,794
Customer service inventories	1,944	1,761
Total inventories	62,267	33,428
Consigned inventories included within raw materials	$ 11,456	$ 11,224

Stockholders’ Equity (Stock Option Activity) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023
Number of Shares
Options outstanding beginning of the period (in shares)	414,000
Granted (in shares)	151,000
Exercised (in shares)	(97,000)
Forfeited (in shares)	(23,000)
Expired (in shares)	(7,000)
Options outstanding at the end of the period (in shares)	438,000	414,000
Options vested and expected to vest at the end of the period (in shares)	438,000
Options exercisable at the end of the period (in shares)	205,000
Weighted-Average Exercise Price
Options outstanding, beginning (in dollars per share)	$ 21.77
Granted (in dollars per share)	33.62
Exercised (in dollars per share)	10.87
Forfeited (in dollars per share)	33.08
Expired (in dollars per share)	32.96
Options outstanding, at the end of the period (in dollars per share)	27.51	$ 21.77
Options vested and expected to vest at the end of the period (in dollars per share)	27.51
Options exercisable at the end of the period (in dollars per share)	$ 21.11
Weighted-average remaining contractual life, options outstanding	4 years 7 months 20 days	3 years 9 months 10 days
Weighted-average remaining contractual life, options vested and expected to vest	4 years 7 months 20 days
Weighted-average remaining contractual life, options exercisable	3 years 6 months 3 days
Aggregate intrinsic value, options outstanding	$ 1,949	$ 3,607
Aggregate intrinsic value, options vested and expected to vest	1,949
Aggregate intrinsic value, options exercisable	$ 1,949

Acquisitions (Narrative) (Details) - USD ($) $ in Thousands		1 Months Ended	3 Months Ended	6 Months Ended	12 Months Ended
Acquisitions (Narrative) (Details) - USD ($) $ in Thousands	Nov. 30, 2023	Nov. 30, 2023	Sep. 30, 2022	Dec. 27, 2024	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
Asset Acquisition [Line Items]
Operating income (loss)					$ 19,401	$ 24,620	$ 28,745
Payments to acquire businesses, net of cash acquired					32,161	$ 15,769	$ 0
NEC Corporation
Asset Acquisition [Line Items]
Payments to acquire businesses		$ 32,200
Consideration transferred, equity interest issued and issuable, number of shares (in shares)	736,750
Consideration transferred, equity interest issued and issuable	$ 22,300	22,300
Business combination, consideration transferred		$ 54,500
Acquisition related costs					8,200
Revenues					54,900
Operating income (loss)					(1,000)
NEC Corporation \| Acquisition-related Costs
Asset Acquisition [Line Items]
Acquisition related costs					$ 8,200
NEC Corporation \| Forecast
Asset Acquisition [Line Items]
Payments to acquire businesses				$ 19,900
Redline Communications Group, Inc
Asset Acquisition [Line Items]
Business combination, consideration transferred			$ 20,400
Cash acquired			4,600
Payments to acquire businesses, net of cash acquired			$ 15,800

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
Pay vs Performance Disclosure
Net income	$ 10,760	$ 10,169	$ 21,160

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Segment and Geographic Information (Long-Lived Assets by Country) (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Jun. 30, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	$ 13,190	$ 12,006
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	8,330	6,965
CANADA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	1,039	687
New Zealand
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	467	3,619
Other countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Total	$ 3,354	$ 735

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
Revenues:
Total revenues	$ 408,083	$ 344,433	$ 302,959
Cost of revenues:
Total cost of revenues	263,351	222,051	193,724
Gross margin	144,732	122,382	109,235
Operating expenses:
Research and development	36,426	24,908	22,596
Selling and administrative	85,038	69,842	57,656
Restructuring charges	3,867	3,012	238
Total operating expenses	125,331	97,762	80,490
Operating income	19,401	24,620	28,745
Interest expense (income), net	2,337	532	(157)
Other expense (income), net	158	2,774	(1,533)
Income before income taxes	16,906	21,314	30,435
Provision for income taxes	6,146	11,145	9,275
Net income, basic	10,760	10,169	21,160
Net income, diluted	10,760	10,169	21,160
Net income attributable to Aviat Networks	$ 10,760	$ 10,169	$ 21,160
Net income per share of common stock outstanding:
Basic (in dollars per share)	$ 0.88	$ 0.90	$ 1.89
Diluted (in dollars per share)	$ 0.86	$ 0.86	$ 1.79
Weighted average shares outstanding:
Basic (in shares)	12,182	11,358	11,167
Diluted (in shares)	12,456	11,855	11,820
Product sales
Revenues:
Total revenues	$ 274,205	$ 238,579	$ 208,100
Cost of revenues:
Total cost of revenues	171,783	150,637	132,404
Services
Revenues:
Total revenues	133,878	105,854	94,859
Cost of revenues:
Total cost of revenues	$ 91,568	$ 71,414	$ 61,320

Goodwill and Intangible Assets

12 Months Ended

Jun. 28, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

The following presents details of goodwill and intangible assets:


(In thousands)	June 28, 2024		June 30, 2023
Goodwill	$	8,217	$	5,112

The $3.1 million increase in goodwill during fiscal 2024 is associated with the NEC Transaction as described in Note 12. Acquisitions. The Company performs its annual goodwill impairment test on the first day of its fourth fiscal quarter. The fiscal 2024 annual goodwill impairment test did not result in an impairment.


	Useful life in Years	June 28, 2024		June 30, 2023
Intangible assets:		(In thousands)
Technology	7	$	1,800	$	—
Patents	10	690		690
Customer relationships	14 — 15	11,530		7,730
Trade names	16	1,330		1,330
Total gross intangible assets		$	15,350	$	9,750
Accumulated amortization		(1,706)		(704)
Total net intangible assets		$	13,644	$	9,046

The $5.6 million increase in finite-lived intangible assets during fiscal 2024 is associated with the NEC Transaction as described in Note 12. Acquisitions. Amortization of finite-lived intangibles for fiscal 2024 and 2023 was $1.0 million and $0.7 million, respectively, and is included in selling and administrative expenses. There was no amortization expense in fiscal 2022. There were no impairment charges recorded for fiscal 2024, 2023 and 2022.

As of June 28, 2024, the estimated future amortization expense of finite-lived intangible assets is as follows (in thousands):


(In thousands)
2025	$	1,215
2026	1,215
2027	1,215
2028	1,215
2029	1,215
Thereafter	7,569
Total	$	13,644

Acquisitions (Preliminary Purchase Consideration) (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Nov. 30, 2023	Jun. 30, 2023	Sep. 30, 2022
Business Acquisition [Line Items]
Goodwill	$ 8,217		$ 5,112
Patents
Business Acquisition [Line Items]
Useful life in Years	10 years
Trade names
Business Acquisition [Line Items]
Useful life in Years	16 years
NEC Corporation
Business Acquisition [Line Items]
Accounts receivable, net		$ 49,287
Inventories		34,175
Property, plant and equipment, net		539
Other assets		243
Accounts payable		(13,182)
Advance payments and unearned revenue		(3,192)
Other liabilities		(2,187)
Goodwill		3,105
Net assets acquired		74,388
NEC Corporation \| Customer relationships
Business Acquisition [Line Items]
Identifiable finite-lived intangible assets:		$ 3,800
Useful life in Years		15 years
NEC Corporation \| Technology
Business Acquisition [Line Items]
Identifiable finite-lived intangible assets:		$ 1,800
Useful life in Years		7 years
Redline Communications Group, Inc
Business Acquisition [Line Items]
Cash and cash equivalents				$ 4,642
Accounts receivable, net				4,281
Inventories				3,379
Property, plant and equipment, net				688
Other assets				1,921
Accounts payable				(2,113)
Advance payments and unearned revenue				(3,301)
Other liabilities				(3,948)
Goodwill				5,112
Net assets acquired				20,411
Redline Communications Group, Inc \| Patents
Business Acquisition [Line Items]
Identifiable finite-lived intangible assets:				$ 690
Useful life in Years				10 years
Redline Communications Group, Inc \| Customer relationships
Business Acquisition [Line Items]
Identifiable finite-lived intangible assets:				$ 7,730
Useful life in Years				14 years
Redline Communications Group, Inc \| Trade names
Business Acquisition [Line Items]
Identifiable finite-lived intangible assets:				$ 1,330
Useful life in Years				16 years

Stockholders’ Equity (Restricted Stock Activity) (Details) - Restricted Stock	12 Months Ended
	Jun. 28, 2024 $ / shares shares
Shares
Shares outstanding, beginning balance (in shares) \| shares	273,000
Granted (in shares) \| shares	135,000
Vested and released (in shares) \| shares	(161,000)
Forfeited (in shares) \| shares	(23,000)
Shares outstanding, ending balance (in shares) \| shares	224,000
Weighted-Average Grant Date Fair Value
Shares outstanding, beginning (in dollars per share) \| $ / shares	$ 28.15
Granted (in dollars per share) \| $ / shares	32.12
Vested and released (in dollars per share) \| $ / shares	25.36
Forfeited (in dollars per share) \| $ / shares	32.16
Shares outstanding, end (in dollars per share) \| $ / shares	$ 32.16

Acquisitions (Tables)

12 Months Ended

Jun. 28, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Preliminary Purchase Consideration

A summary of the preliminary purchase price allocation is as follows:


	Fair Value		Useful Life in Years
	(In thousands)
Accounts receivable, net	$	49,287
Inventories	34,175
Property, plant and equipment, net	539
Identifiable finite-lived intangible assets:
Customer relationships	3,800		15
Technology	1,800		7
Other assets	243
Accounts payable	(13,182)
Advance payments and unearned revenue	(3,192)
Other liabilities	(2,187)
Goodwill	3,105
Net assets acquired	$	74,388

A summary of the final purchase price allocation is as follows:


	Fair Value		Useful Life in Years
	(In thousands)
Cash and cash equivalents	$	4,642
Accounts receivable, net	4,281
Inventories	3,379
Property, plant and equipment, net	688
Identifiable finite-lived intangible assets:
Patents	690		10
Customer relationships	7,730		14
Trade names	1,330		16
Other assets	1,921
Accounts payable	(2,113)
Advance payments and unearned revenue	(3,301)
Other liabilities	(3,948)
Goodwill	5,112
Total consideration	$	20,411

Schedule of Pro Forma Adjustments

The following unaudited supplemental pro forma information has been presented as if the NEC Transaction had occurred at the beginning of fiscal 2023 and includes certain pro forma adjustments for interest expense, depreciation and amortization expense, the fair value of acquired inventory, and acquisition-related costs, net of income tax.


	Fiscal Year
(In thousands)	2024		2023
Revenue	$	492,995	$	530,891
Net income (loss)	19,637		(411)

Balance Sheet Components (Accrued Expenses) (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Jun. 30, 2023
Balance Sheet Related Disclosures [Abstract]
Project costs	$ 14,305	$ 1,319
Compensation and benefits	9,689	10,368
Taxes	8,827	4,553
Warranties	2,996	2,100
Commissions	1,538	1,453
Professional fees	1,286	2,104
Other	3,507	2,545
Accrued expenses	$ 42,148	$ 24,442

Credit Facility and Debt (Narrative) (Details)		12 Months Ended
Credit Facility and Debt (Narrative) (Details)	Nov. 30, 2023 USD ($)	Jun. 28, 2024 USD ($) quarter	May 09, 2023 USD ($)
Line of Credit Facility [Line Items]
Letters of credit		$ 4,941,000
Leverage Ratio 2.75
Line of Credit Facility [Line Items]
Term in quarters \| quarter		4
Leverage Ratio 2.50
Line of Credit Facility [Line Items]
Term in quarters \| quarter		8
Revolving Credit Facility \| Credit Facility
Line of Credit Facility [Line Items]
Credit facility, maximum borrowing capacity			$ 40,000,000.0
Proceeds from lines of credit		$ 33,200,000
Available credit under credit facility		35,100,000
Credit facility, current borrowing capacity		40,000,000.0
Letters of credit		4,900,000
Repayments of lines of credit		33,200,000
Line of credit outstanding		$ 0
Debt instrument, interest rate, effective percentage		7.90%
Revolving Credit Facility \| Credit Facility \| Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Basis spread on variable rate		2.50%
Revolving Credit Facility \| Credit Facility \| Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate		1.50%
Delayed Draw Term Loan (DDTL) \| Credit Facility
Line of Credit Facility [Line Items]
Credit facility, maximum borrowing capacity			50,000,000.0
Proceeds from lines of credit	$ 50,000,000.0
Line of credit outstanding		$ 48,800,000
Letter of Credit \| Credit Facility
Line of Credit Facility [Line Items]
Credit facility, maximum borrowing capacity			10,000,000.0
Swing Line Loan \| Credit Facility
Line of Credit Facility [Line Items]
Credit facility, maximum borrowing capacity			$ 10,000,000.0
Line of Credit \| Credit Facility
Line of Credit Facility [Line Items]
Fixed charge coverage ratio		1.25
Line of Credit \| Credit Facility \| Measurement Input, EBITDA Multiple
Line of Credit Facility [Line Items]
Maximum leverage ratio, period 1		3.00
Maximum leverage ratio, period 2		2.75
Maximum leverage ratio, period 3		2.50

Balance Sheet Components (Allowance for Credit Losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 719	$ 934	$ 2,141
Charges to (credits from) cost and expense	1,300	467	(23)
Charges to (credits from) cost and expense, including adjustments			(1,207)
Write-offs	(165)	(682)	0
Balance, end of period	$ 1,854	$ 719	$ 934

Stockholders’ Equity (Additional Option Information) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
Share-Based Payment Arrangement [Abstract]
Intrinsic value of options exercised	$ 2,057	$ 3,725	$ 1,624
Fair value of options vested	$ 1,190	$ 1,142	$ 608

Commitments and Contingencies (Tables)

12 Months Ended

Jun. 28, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of Commercial Commitments

The following table presents details of the Company’s commercial commitments:


(In thousands)	June 28, 2024
Letters of credit	$	4,941
Bonds	13,329
	$	18,270

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 28, 2024	Jun. 30, 2023
Statement of Financial Position [Abstract]
Preferred stock par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	50,000,000.0	50,000,000.0
Preferred stock, shares issued (in shares)	0	0
Common stock par value (in dollars per share)	$ 0.01	$ 0.01
Common stock shares authorized (in shares)	300,000,000.0	300,000,000.0
Common stock, shares issued (in shares)	12,600,000	11,500,000
Common stock, shares outstanding (in shares)	12,600,000	11,500,000
Treasury stock (in shares)	200,000	200,000

Stockholders’ Equity (Weighted Average Assumptions) (Details)	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	0.00%	0.00%	0.00%
Expected volatility	60.80%	62.90%	61.90%
Risk-free interest rate	4.70%	3.50%	0.40%
Expected term (in years)	3 years 7 months 6 days	3 years	3 years
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	0.00%	0.00%	0.00%
Expected volatility	57.70%	63.70%	61.10%
Risk-free interest rate	4.70%	3.50%	0.40%
Expected term (in years)	2 years 10 months 24 days	2 years 9 months 18 days	2 years 10 months 24 days

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
Operating Activities
Net income	$ 10,760,000	$ 10,169,000	$ 21,160,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation of property, plant and equipment	3,991,000	5,475,000	4,463,000
Amortization of intangible assets	1,002,000	704,000	0
Provision for (recovery from) uncollectible receivables	1,300,000	467,000	(23,000)
Share-based compensation	7,341,000	6,720,000	3,834,000
Deferred taxes	3,625,000	9,012,000	8,004,000
Inventory write-downs	3,952,000	2,138,000	1,735,000
Non-cash lease expense	948,000	639,000	1,057,000
Net loss (gain) on marketable securities	41,000	1,734,000	(2,614,000)
Other non-cash operating activities, net	128,000	67,000	(55,000)
Changes in operating assets and liabilities:
Accounts receivable	(9,266,000)	(24,754,000)	(25,719,000)
Unbilled receivables	(34,856,000)	(12,398,000)	(8,725,000)
Inventories	1,589,000	(4,892,000)	(3,901,000)
Accounts payable	16,551,000	16,040,000	10,503,000
Accrued expenses	15,094,000	(4,306,000)	876,000
Advance payments and unearned revenue	11,814,000	6,254,000	1,713,000
Income taxes payable	1,445,000	710,000	(1,620,000)
Other assets and liabilities	(4,919,000)	(15,423,000)	(7,899,000)
Net cash provided by (used in) operating activities	30,540,000	(1,644,000)	2,789,000
Investing Activities
Purchases of property, plant and equipment	(2,675,000)	(5,335,000)	(1,792,000)
Purchases of marketable securities	(925,000)	0	(8,279,000)
Proceeds from sale of marketable securities	538,000	9,157,000	0
Proceeds from sale of assets held for sale	0	0	2,284,000
Acquisitions, net of cash acquired	(32,161,000)	(15,769,000)	0
Net cash used in investing activities	(35,223,000)	(11,947,000)	(7,787,000)
Financing Activities
Proceeds from revolver	33,200,000	102,200,000	0
Repayments of revolver	(33,200,000)	(102,200,000)	0
Proceeds from term loan	50,000,000	0	0
Repayments of term loan	(1,250,000)	0	0
Payments of deferred financing costs	(79,000)	(753,000)	0
Payments for repurchase of common stock — treasury shares	(332,000)	0	(5,362,000)
Payments for taxes related to net settlement of equity awards	(696,000)	(1,198,000)	(541,000)
Proceeds from issuance of common stock under employee stock plans	1,058,000	1,270,000	1,029,000
Net cash provided by (used in) financing activities	48,701,000	(681,000)	(4,874,000)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(1,605,000)	(311,000)	(1,222,000)
Net increase (decrease) in cash, cash equivalents and restricted cash	42,413,000	(14,583,000)	(11,094,000)
Cash, cash equivalents, and restricted cash, beginning of year	22,521,000	37,104,000	48,198,000
Cash, cash equivalents, and restricted cash, end of year	64,934,000	22,521,000	37,104,000
Non-cash investing and financing activities:
Unpaid property, plant and equipment	3,574,000	168,000	95,000
Common stock issued in connection with acquisition	22,331,000	0	0
Supplemental disclosures of cash flow information:
Cash paid for interest	2,517,000	880,000	0
Cash paid for income taxes, net	$ 808,000	$ 1,613,000	$ 1,241,000

The Company and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 28, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements include the accounts of the Company and its wholly-owned and majority owned subsidiaries. All intercompany transactions and accounts have been eliminated. Certain amounts in the consolidated financial statements have been reclassified for comparative purposes to conform to the current period consolidated financial statement presentation. Aviat’s fiscal year includes 52 or 53 weeks and ends on the Friday nearest to June 30. This was June 28, 2024 for fiscal 2024, June 30, 2023 for fiscal 2023 and July 1, 2022 for fiscal 2022. Fiscal 2024, 2023 and 2022 includes 52 weeks. In the notes to consolidated financial statements, we refer to our fiscal years as “fiscal 2024”, “fiscal 2023” and “fiscal 2022.”
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) requires the Company to make estimates, assumptions and judgments affecting the amounts reported and related disclosures. Estimates are based upon historical factors, current circumstances and the experience and judgment of management. The Company evaluates estimates and assumptions on an ongoing basis and may employ outside experts to assist in making these evaluations. Changes in such estimates, based on more accurate information, or different assumptions or conditions, may affect amounts reported in future periods. Such estimates affect significant items, including revenue recognition, provision for uncollectible receivables, inventory valuation, goodwill and identified intangible assets in business combinations, valuation allowances for deferred tax assets and uncertainties in income taxes. Actual results may differ materially from estimates.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash All highly liquid investments with an original maturity of three months or less at the date of purchase are considered to be cash equivalents. Cash equivalents are carried at amortized cost, which approximates fair value due to the short-term nature of these investments. Investments with an original maturity of greater than three months are accounted for as short-term investments and are classified as such at the time of purchase. The Company’s cash and cash equivalents are held at several major financial institutions, which often significantly exceed Federal Deposit Insurance Corporation insured limits. However, a substantial portion of the cash equivalents is invested in prime money market funds which are backed by the securities in the fund. Cash and cash equivalents that are restricted as to withdrawal or usage under the terms of contractual agreements are recorded as restricted cash. The Company’s restricted cash is included in long-term other assets on the consolidated balance sheets and represents the cash balance on its disability insurance voluntary plan account that cannot be used for any operating purposes other than to pay benefits to the insured employees.
Significant Concentrations	Significant Concentrations The Company typically invoices customers for the sales order (or contract) value of the related products delivered at various milestones, including order receipt, shipment, installation and acceptance and for services when rendered. The Company’s trade receivables are derived from sales to customers located in North America, Latin America, Europe, Africa, the Middle East, and Asia-Pacific. Accounts receivable is presented net of allowance for expected credit losses to reflect any loss anticipated on the collection of the Company’s trade receivable balances. The allowance for expected credit losses is based on historical loss information, customer financial condition, and economic and geopolitical conditions for the locations where the Company’s customers operate. Accounts receivable amounts are written off when attempts to collect outstanding amounts have been exhausted or there are other indicators that the amounts are no longer collectible. The Company regularly requires letters of credit from certain customers and, from time to time, discounts these letters of credit issued by customers through various financial institutions. The discounting of letters of credit depends on many factors, including the willingness of financial institutions to discount the letters of credit and the cost of such arrangements. Under these arrangements, collection risk is fully transferred to the financial institutions. Financing charges on discounting the letters of credit are recorded as interest expense. During fiscal 2024 and 2023, no customer accounted for more than 10% of total revenue. During fiscal 2022 there was one customer that accounted for 13% of total revenue. As of June 28, 2024, no customer accounted for more than 10% of accounts receivable. As of June 30, 2023, a group of related entities accounted for approximately 14%, of accounts receivable. Financial instruments that potentially subject the Company to a concentration of credit risk consist principally of cash equivalents, trade accounts receivable and from time to time, financial instruments used in foreign currency hedging activities. The Company invests excess cash primarily in prime money market funds and certificates of deposit. The Company is exposed to credit risks related to such instruments in the event of default or decrease in credit-worthiness of the issuers of the investments. Risks associated with the Company’s cash and cash equivalents are mitigated by banking with creditworthy institutions. The Company performs ongoing credit evaluations of its customers and generally does not require collateral on accounts receivable, as the majority of customers are large, well-established companies. However, in certain circumstances, the Company may require letters of credit, additional guarantees or advance payments. The Company maintains allowances for expected credit losses, but historically has not experienced any significant losses related to any particular geographic area. The Company’s customers are primarily in the telecommunications industry, and its accounts receivable is exposed to similar credit risk characteristics as that industry.
Inventories	Inventories The Company engages third parties to manufacture its products and procures its raw materials from third-party suppliers. In addition, certain strategic component inventory is consigned to third-party manufacturers. Other components included in the Company’s products are sourced from various suppliers and are principally industry standard parts and components that are available from multiple vendors. The inability of a contract manufacturer or supplier to fulfill the Company’s supply requirements or changes in their financial or business condition could disrupt the Company’s ability to supply quality products to its customers, and thereby may have a material adverse effect on the Company’s business and operating results. Inventories are valued at the lower of cost or net realizable value. Net realizable value is defined as the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. Cost is determined using standard cost, which approximates actual cost on a weighted-average first-in-first-out basis. The Company regularly reviews inventory quantities on hand and records adjustments to reduce the cost of inventory for excess and obsolete inventory based primarily on estimated forecast of product demand and production requirements. Inventory adjustments are measured as the difference between the cost of the inventory and net realizable value based upon assumptions about future demand and charged to the provision for inventory, which is a component of cost of sales. At the point of the loss recognition, a new, lower-cost basis for that inventory is established, and any subsequent improvements in facts and circumstances do not result in the restoration or increase in that newly established cost basis. The Company stocks customer service related inventories such as service parts because the Company provides product warranties for 12 to 36 months and earns revenue by providing enhanced and extended warranty and repair service during and beyond this warranty period. Customer service related inventories consist of both component parts, which are primarily used to repair defective units, and finished units, which are provided for customer use permanently or on a temporary basis while the defective unit is being repaired. The Company records adjustments to reduce the carrying value of customer service inventories to their net realizable value. Factors influencing these adjustments include product life cycles, end of service life plans and volume of enhanced or extended warranty service contracts. Estimates of net realizable value involve significant estimates and judgments about the future, and revisions would be required if these factors differ from estimates. Refer to Note 5. Balance Sheet Components for further information.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment are stated on the basis of cost less accumulated depreciation. The Company capitalizes costs of software, consulting services, hardware and other related costs incurred to purchase or develop internal-use software. Costs incurred during preliminary project assessment, re-engineering, training and application maintenance are charged to expense. Depreciation is charged to expense on a straight-line basis over the estimated useful lives of the respective assets. Leasehold improvements are depreciated on a straight-line basis over the shorter of the remaining lease term or the estimated useful life of the improvements. Expenditures for maintenance and repairs are charged to expense as incurred and are included in cost of revenues and selling and administrative expenses on the consolidated statements of operations. Cost and accumulated depreciation of assets sold or retired are removed from the respective property accounts, and any gain or loss is reflected on the consolidated statements of operations.
Business Combinations	Business Combinations The Company accounts for acquisitions as required by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 805, Business Combinations (“ASC 805”). Under the acquisition method of accounting, the assets and liabilities of acquired businesses are recorded at their estimated fair values at the date of acquisition. The excess of the purchase price over the estimated fair values of the assets acquired and liabilities assumed is recorded as goodwill. Determining the fair value of assets acquired and liabilities assumed requires management’s judgment and involves the use of significant estimates and assumptions to properly allocate purchase price consideration between the fair value of the assets acquired and liabilities assumed. The Company leverages independent third-party valuations in determining the estimated fair values of acquired tangible assets, identifiable intangible assets, and assumed liabilities. If assumptions or estimates used in determining fair values change based on information that becomes available during the one-year period from the acquisition date, we record measurement period adjustments to the assets acquired and liabilities assumed with a corresponding offset to goodwill. Upon the conclusion of the measurement period, any subsequent adjustments are recorded to earnings.
Goodwill	Goodwill The Company accounts for goodwill as required by FASB ASC Topic 350, Intangibles - Goodwill and Other (“ASC 350”). The Company tests goodwill for impairment on an annual basis and when events occur that may suggest that the fair value of such assets cannot support the carrying value. ASC 350 gives an entity the option to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If an entity determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then performing the quantitative impairment test is unnecessary. However, if an entity concludes otherwise, then the quantitative impairment test shall be used to identify the impairment and measure the amount of an impairment loss to be recognized (if applicable).
Valuation of Long-Lived Assets	Valuation of Long-Lived Assets The Company periodically reviews the carrying value of its long-lived assets, including finite-lived intangibles, and property, plant and equipment, whenever events or changes in circumstances indicate that the carrying value may not be recoverable or that the assigned useful lives may no longer be appropriate. Impairment is considered to exist if the total estimated future cash flows on an undiscounted basis are less than the carrying amount of the assets. If impairment exists, the impairment loss is measured and recorded based on discounted estimated future cash flows. In estimating future cash flows, assets are grouped at the lowest levels for which there are identifiable cash flows that are largely independent of cash flows from other asset groups. The Company’s estimate of future cash flows is based upon, among other things, certain assumptions about expected future operating performance, growth rates and other factors. The actual cash flows realized from these assets may vary significantly from estimates. There were no impairment losses recorded for fiscal 2024, 2023 and 2022. The Company amortizes the cost of finite-lived intangible assets on a straight-line basis over their estimated useful lives, which approximates the pattern of economic benefit. Refer to Note 14. Goodwill and Intangible Assets for further information.
Warranties	Warranties On product sales, the Company provides for future warranty costs upon product delivery. The specific terms and conditions of those warranties vary depending upon the type of product sold and country of delivery. In the case of products sold by the Company, product warranties generally start from the delivery date and continue for one to three years, depending on the terms. Many of the Company’s products are manufactured to customer specifications and their acceptance is based on meeting those specifications. Factors that affect our warranty liabilities include the number of product units subject to warranty protection, historical experience and management’s judgment regarding anticipated rates of warranty claims and cost per claim. We assess the adequacy of our recorded warranty liabilities every quarter and make adjustments to the liabilities as necessary. Refer to Note 5. Balance Sheet Components for further information.
Leases	Leases The Company leases office space, assembly facilities, repair and service centers, and warehouses globally under non-cancelable operating lease agreements. The Company determines if an arrangement contains a lease at inception. Operating lease right-of-use assets and lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most of the Company’s leases do not provide an implicit rate, the Company’s incremental borrowing rate based on the remaining lease term at commencement date is used in determining the present value of future payments. The operating lease right-of-use assets also include any lease payments made and exclude lease incentives and initial direct costs incurred. Variable lease payments are expensed as incurred and are not included within the right-of-use asset and lease liability calculation. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. Certain of the Company’s lease arrangements include non-lease components and the Company accounts for non-lease components together with lease components for all such lease arrangements. Leases with an initial term of 12 months or less are not recorded on our consolidated balance sheets. Lease expense for these leases are recognized on a straight-line basis over the lease term. Refer to Note 4. Leases for further information.
Foreign Currency Translation	Foreign Currency Translation The functional currency of certain of the Company’s international subsidiaries is the United States (“U.S.”) dollar. Determination of the functional currency is dependent upon the economic environment in which an entity operates as well as the customers and suppliers the entity conducts business with. Changes in facts and circumstances may occur which could lead to a change in the functional currency of that entity. Accordingly, all non-functional currency denominated monetary assets and liabilities of these subsidiaries are re-measured into U.S. dollars at the current exchange rate as of the applicable balance sheet date. Non-monetary assets and liabilities are measured at historical rates. All other international subsidiaries use their respective local currency as their functional currency. Assets and liabilities of these subsidiaries are translated at the current exchange rates in effect at the balance sheet date, and income and expense accounts are translated at average exchange rates during the period. The resulting translation adjustments are included in accumulated other comprehensive loss. Gains and losses resulting from foreign exchange transactions and re-measurement of monetary assets and liabilities in non-functional currencies are included in other expense (income), net in the accompanying consolidated statements of operations, based on the nature of the transactions.
Retirement Benefits	Retirement Benefits The Company provides retirement benefits to substantially all employees primarily through its defined contribution retirement plans. These plans have matching and savings elements. Contributions by the Company to these retirement plans are based on profits and employees’ savings with no other funding requirements. Contributions to retirement plans are expensed as incurred.
Revenue Recognition	Revenue Recognition The Company recognizes revenue by applying the five-step approach in accordance with FASB ASC Topic 606, Revenue from Contracts with Customers (“ASC 606”): (1) identification of the contract with a customer; (2) identification of the performance obligations in the contract; (3) determination of the transaction price; (4) allocation of the transaction price to the performance obligations in the contract; and (5) recognition of revenue when, or as, we satisfy a performance obligation. Refer to Note 3. Revenue Recognition for further information. We recognize revenue by applying the following five-step approach: (1) identification of the contract with a customer; (2) identification of the performance obligations in the contract; (3) determination of the transaction price; (4) allocation of the transaction price to the performance obligations in the contract; and (5) recognition of revenue when, or as, we satisfy a performance obligation. Contracts and customer purchase orders are used to determine the existence of an arrangement. Many of the Company’s arrangements with customers contain multiple performance obligations and therefore promises to provide multiple goods and services. The Company evaluates each promised good and service in a contract to determine whether it represents a distinct performance obligation or should be accounted for as a combined performance obligation. For goods and services determined to be distinct we have concluded that they provide a benefit to the customer either on their own or together with other resources that are readily available to the customer, without having the need for significant integration or customization. Revenue from product sales, recognized at a point-in-time, is generated predominately from the sales of products manufactured by third-party manufacturers to whom we have outsourced our manufacturing processes. Printed circuit assemblies, mechanical housings, and packaged modules are manufactured by contract manufacturing partners, with periodic business reviews of material levels and obsolescence. Product assembly, product testing, complete system integration, and system testing may either be performed within our own facilities or at the locations of our third-party manufacturers. Revenue from services includes certain network planning and design, engineering, installation and commissioning (“field services”), extended warranty, hosted software-as-a-service (“SaaS”), customer support, consulting, training, and education. Maintenance and support services are generally offered to our customers and recognized over a specified period of time and from sales and subsequent renewals of maintenance and support contracts. The network planning and design, engineering and installation related services noted are recognized based on an over-time recognition model using the cost-input method. Certain judgment is required when estimating total contract costs and progress to completion on the over-time arrangements, as well as whether a loss is expected to be incurred on the contract. The cost estimation process for these contracts is based on the knowledge and experience of the Company’s project managers, engineers, and financial professionals. Changes in job performance and job conditions are factors that influence estimates of the total costs to complete those contracts and the Company’s revenue recognition. If circumstances arise that change the original estimates of revenues, costs, or extent of progress toward completion, revisions to the estimates are made in a timely manner. These revisions may result in increases or decreases in estimated revenues or costs, and such revisions are reflected in income in the period in which the circumstances that gave rise to the revision become known to us. We perform ongoing profitability analysis of our service contracts accounted for under this method to determine whether the latest estimates of revenues, costs, and profits require updating. In rare circumstances if these estimates indicate that the contract will be unprofitable, the entire estimated loss for the remainder of the contract is recorded immediately. We establish billing terms at the time project deliverables and milestones are agreed. Revenues recognized in excess of the amounts invoiced to clients are classified as unbilled receivables and if invoicing is ahead of revenue recognized it is classified as an unearned liability on the consolidated balance sheets. In addition, shipping documents and customer acceptances, when applicable, are used to verify delivery and transfer of control. We typically satisfy our performance obligations upon shipment or delivery of product depending on the contractual terms. Payment terms to customers generally range from net 30 to 120 days from invoice, which are considered to be standard payment terms. Revenue recognition does not necessarily follow payment terms as there are a number of scenarios where they would be different. Recognition follows contractual terms and those vary depending on the nature of the performance obligation being satisfied. These timing differences result in contract assets and liabilities as discussed below. We assess our ability to collect from our customers based primarily on the creditworthiness and past payment history of the customer. While our customers do not have the right of return, we reserve for estimated product returns as an offset to revenue based primarily on historical trends. Actual product returns may be different than what was estimated. These factors and unanticipated changes in economic and industry condition could make actual results differ from our return estimates. We present transactional taxes such as sales and use tax collected from customers and remitted to government authorities on a net basis. Bill-and-Hold Sales Certain customer arrangements consist of bill-and-hold characteristics under which control has been transferred to the customer, while we retain physical possession of the product. We evaluate bill-and-hold arrangement criteria to determine when the customer has obtained control. Once control has been obtained by the customer, they can direct or determine the use of the bill-and-hold inventory while we retain physical possession of the product until it is installed at a customer site at a point in time in the future. Termination Rights The contract term is determined on the basis of the period over which the parties to the contract have present enforceable rights and obligations. Certain customer contracts include a termination for convenience clause that allows the customer to terminate services without penalty, upon advance notification. We concluded that the duration of support contracts does not extend beyond the non-cancellable portion of the contract. Variable Consideration The consideration associated with customer contracts is generally fixed. Variable consideration includes discounts, rebates, refunds, credits, incentives, penalties, or other similar items. The amount of consideration that can vary is not a substantial portion of total consideration. Variable consideration estimates are re-assessed at each reporting period until a final outcome is determined. The changes to the original transaction price due to a change in estimated variable consideration are applied on a retrospective basis, with the adjustment recorded in the period in which the change occurs. Changes to variable consideration are tracked and material changes disclosed. Stand-alone Selling Price Stand-alone selling price is the price at which an entity would sell a good or service on a stand-alone (or separate) basis at contract inception. Under the model, the observable price of a good or service sold separately provides the best evidence of stand-alone selling price. However, in certain situations, stand-alone selling prices will not be readily observable and the entity must estimate the stand-alone selling price. When allocating on a relative stand-alone selling price basis, any discount provided in the contract is allocated proportionately to all of the performance obligations in the contract. The majority of products and services that we offer have readily observable selling prices. For products and services that do not, we estimate stand-alone selling price using the market assessment approach based on expected selling price and adjust those prices as necessary to reflect our costs and margins. As part of our stand-alone selling price policy, we review product pricing on a periodic basis to identify any significant changes and revise our expected selling price assumptions as appropriate. Shipping and Handling Shipping and handling costs are included as a component of costs of product sales in our consolidated statements of operations because they are also included in revenue that we bill our customers. Costs to Obtain a Contract We have assessed the treatment of costs to obtain or fulfill a contract with a customer. We capitalize sales commissions related to multi-year service contracts, and amortize the asset over the period of benefit, which is the estimated service period. Sales commissions paid on contract renewals, including service contract renewals, is commensurate with the sales commissions paid on the initial contracts. The capitalized sales commissions are included in other current assets and other assets on the consolidated balance sheets. We have not identified any impairments during the periods presented. We elected the practical expedient to expense sales commissions as incurred when the amortization period of the related asset is one year or less. These costs are recorded as selling and administrative expense and included in the consolidated balance sheet as accrued expenses until paid.
Cost of Product Sales and Services	Cost of Product Sales and Services Cost of sales consists primarily of materials, labor and overhead costs incurred internally and amounts incurred for contract manufacturers to produce the Company’s products, personnel and other implementation costs incurred to install the Company’s products and train customer personnel, and customer service and third party original equipment manufacturer costs to provide continuing support to customers. Shipping and handling costs are included as a component of costs of product sales in the consolidated statements of operations because they are also included as a component of revenue billed to customers.
Advertising Costs	Advertising Costs Advertising costs are expensed as incurred. Advertising costs were not material during fiscal 2024, 2023 and 2022.
Presentation of Transactional Taxes Collected from Customers and Remitted to Government Authorities	Presentation of Transactional Taxes Collected from Customers and Remitted to Government Authorities Transactional taxes such as sales and use tax collected from customers and remitted to governmental authorities are presented on a net basis.
Research and Development Costs	Research and Development Costs The Company’s research and development costs, which include costs in connection with new product development, improvement of existing products, process improvement, and product use technologies, are generally charged to operations in the period in which they are incurred. For certain software projects under development, development costs are capitalized during the period between determining technological feasibility of the product and commercial release and are included in long-term other assets on the consolidated balance sheets. The amortization of capitalized development costs begins upon commercial release, generally over three years. To date, the amount of development costs capitalized and amortized have not been material.
Share-Based Compensation	Share-Based Compensation The Company has one stock incentive plan for its employees and non-employee directors. The stock incentive plan permits the Company to grant share-based awards in the form of options, restricted stock awards and units and performance share awards and units. The estimated grant date fair value of share-based awards is amortized over the requisite service period or vesting term. For non-qualified stock options, the Black-Scholes option pricing model is used to estimate the fair value as of the grant date. The determination of the fair value of stock option awards is affected by the Company’s stock price and assumptions regarding a number variables. These variables include the Company’s expected stock price volatility over the expected term of the awards, actual and projected employee stock option exercise behaviors, the risk-free interest rate and expected dividend yield. Due to the inherent limitations of option valuation models, including consideration of future events that are unpredictable and the estimation process utilized in determining the valuation of the share-based awards, the ultimate value realized by the Company’s employees may vary significantly from the amounts expensed in its financial statements. For restricted stock awards and units and performance share awards and units with performance conditions, the market price of the Company’s common stock on the date of the grant is used to estimate the fair value. For performance share awards and units with market conditions, the fair value is estimated using a Monte-Carlo simulation model as of the grant date. The Company recognizes forfeitures of share-based awards as they occur. The Company recognizes compensation cost for share-based payment awards on a straight-line basis over the requisite service period. For an award that has a graded vesting schedule, compensation expense is recognized on a straight-line basis over the requisite service period for each separately vesting portion of the award as if the award was, in-substance, multiple awards. The amount of compensation cost recognized at any date must at least equal the portion of the grant-date value of the award that is vested at that date. For awards with a performance condition vesting feature, share-based compensation costs are recognized when achievement of the performance conditions is considered probable. Any previously recognized compensation cost is reversed if the performance condition is not satisfied or if it is not probable that the performance conditions will be achieved. For awards with a market condition vesting feature, share-based compensation costs are recognized over the period the requisite service is rendered, regardless of when, and if ever, the market condition is satisfied.
Restructuring Charges	Restructuring Charges Restructuring charges represent expenses incurred in connection with certain cost reduction programs that the Company has implemented, and consists of the costs of employee termination costs, lease and other contract termination charges and other costs of exiting activities or geographies. A liability for costs associated with an exit or disposal activity is measured at its fair value when the liability is incurred. Expenses for one-time termination benefits are recognized at the date the employee is notified, unless the employee must provide future service, in which case the benefits are expensed ratably over the future service period. The Company recognizes severance benefits provided as part of an ongoing benefit arrangement when the payment is probable and the amounts can be reasonably estimated. Liabilities related to termination of an operating lease or contract are measured and recognized at fair value when the contract does not have any future economic benefit to the entity and the fair value of the liability is determined based on the present value of the remaining lease obligations, adjusted for the effects of deferred items recognized under the lease, and reduced by estimated sublease rentals that could be reasonably obtained for the property. The assumptions in determining such estimates include anticipated timing of sublease rentals and estimates of sublease rental receipts and related costs based on market conditions. All other costs related to an exit or disposal activity are expensed as incurred. Refer to Note 8. Restructuring Activities for further information.
Income Taxes and Related Uncertainties	Income Taxes and Related Uncertainties The Company accounts for income taxes under the asset and liability method. Deferred tax assets and liabilities are determined based on the estimated future tax effects of temporary differences between the financial statement and tax basis of assets and liabilities, as measured by tax rates at which temporary differences are expected to reverse as well as operating loss and tax credit carry forwards. Deferred tax expense (benefit) is the result of changes in deferred tax assets and liabilities. A valuation allowance is established to offset any deferred tax assets if, based upon the available information, it is more likely than not that some or all of the deferred tax assets will not be realized. The Company is required to compute its income taxes in each federal, state, and foreign jurisdiction the Company operates. This process requires that the Company estimate the current tax exposure as well as assess temporary differences between the accounting and tax treatment of assets and liabilities, including items such as accruals and allowances not currently deductible for tax purposes as well as operating loss and tax credit carry forwards. The income tax effects of the differences identified are classified as long-term deferred tax assets and liabilities on the consolidated balance sheets. The Company’s judgments, assumptions, and estimates relative to the current provision for income taxes take into account current tax laws, the Company’s interpretation of current tax laws, and possible outcomes of current and future audits conducted by foreign and domestic tax authorities. Changes in tax laws or the Company’s interpretation of tax laws and the resolution of current and future tax audits could significantly impact the amounts provided for income taxes in the consolidated balance sheets and consolidated statements of operations. The Company must also assess the likelihood that deferred tax assets will be realized from future taxable income and, based on this assessment, establish a valuation allowance, if required. The Company’s determination of its valuation allowance is based upon a number of assumptions, judgments, and estimates, including forecasted earnings, future taxable income, and the relative proportions of revenue and income before taxes in the various domestic and international jurisdictions in which the Company operates. To the extent the Company establishes a valuation allowance or change the valuation allowance in a period, the change is reflected with a corresponding increase or decrease to the Company’s tax provision on the consolidated statements of operations. The Company uses a two-step process to determine the amount of tax benefit to be recognized for uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step requires the Company to estimate and measure the tax benefit as the largest amount that is more than 50% likely of being realized upon ultimate settlement. It is inherently difficult and subjective to estimate such amounts, as this requires the Company to determine the probability of various possible outcomes. Uncertain tax positions are re-evaluated by the Company on a quarterly basis. This evaluation is based on factors including, but not limited to, changes in facts or circumstances, changes in tax law, effectively settled issues under audit, and new audit activity. Such a change in recognition or measurement would result in the recognition of a tax benefit or an additional charge to the tax provision in the period. Refer to Note 11. Income Taxes for further information.
Accounting Standards Not Yet Adopted	Accounting Standards Not Yet Adopted In December 2023, the FASB issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The ASU enhances the transparency and usefulness of income tax information through improvements to disclosures primarily related to the rate reconciliation and income taxes paid information. ASU 2023-09 is effective for the Company’s annual reporting beginning in fiscal 2026. The Company is currently evaluating the impact of this ASU on its consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The ASU expands reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses that are regularly presented to the chief operating decision maker. The disclosures required under ASU 2023-07 are also required for public entities with a single reportable segment. ASU 2023-07 is effective for the Company’s annual reporting beginning in fiscal 2025 and for interim periods beginning in fiscal 2026. The Company is currently evaluating the impact of the ASU on its consolidated financial statements. The Company considers the applicability and impact of all ASUs issued by the FASB. The Company determined at this time that all other ASUs issued but not yet adopted are either not applicable or are expected to have a minimal impact on its financial position and results of operations.
Net Income per Share of Common Stock	Net Income per Share of Common Stock Net income per share is computed by dividing net income attributable to the Company by the weighted average number of shares of its outstanding common stock.
Fair Value Measurements of Assets and Liabilities	Items are classified within Level 1 if quoted prices are available in active markets. The Company’s Level 1 items are primarily money market funds. As of June 28, 2024 and June 30, 2023, the money market funds were valued at $1.00 net asset value per share. Items are classified within Level 2 if the observable inputs to quoted market prices, benchmark yields, reported trades, broker/dealer quotes or alternative pricing sources are available with reasonable levels of price transparency. The Company’s bank certificates of deposit are classified within Level 2. The carrying value of bank certificates of deposit approximates their fair value.

Segment and Geographic Information (Narrative) (Details)	12 Months Ended
	Jun. 28, 2024 segment
Segment Reporting [Abstract]
Number of reportable segments	1

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Jun. 28, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Fair Value Measurements of Assets and Liabilities

12 Months Ended

Jun. 28, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurements of Assets and Liabilities

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in the principal market (or most advantageous market in the absence of a principal market) for the asset or liability in an orderly transaction between market participants as of the measurement date. The Company maximizes the use of observable inputs and minimizes the use of unobservable inputs in measuring fair value and established a three-level fair value hierarchy that prioritizes the observable inputs used to measure fair value. The three levels of inputs used to measure fair value are as follows:

•Level 1 — Observable inputs such as quoted prices in active markets for identical assets or liabilities;

•Level 2 — Observable market-based inputs or observable inputs that are corroborated by market data; and

•Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

The estimated fair values and valuation input levels of financial assets and liabilities that are measured at fair value on a recurring basis as of June 28, 2024 and June 30, 2023 were as follows:

Fair Value

(In thousands)

June 28, 2024

June 30, 2023

Valuation
Inputs

Assets:

Cash and cash equivalents:

Money market funds

6,602

571

Level 1

Bank certificates of deposit

3,706

3,793

Level 2

Items are classified within Level 1 if quoted prices are available in active markets. The Company’s Level 1 items are primarily money market funds. As of June 28, 2024 and June 30, 2023, the money market funds were valued at $1.00 net asset value per share.

Items are classified within Level 2 if the observable inputs to quoted market prices, benchmark yields, reported trades, broker/dealer quotes or alternative pricing sources are available with reasonable levels of price transparency. The Company’s bank certificates of deposit are classified within Level 2. The carrying value of bank certificates of deposit approximates their fair value. The Company did not have any recurring assets or liabilities that were valued using significant unobservable inputs.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Paragraph 2
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
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-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Balance Sheet Components (Advance Payments and Unearned Revenue) (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Jun. 30, 2023
Balance Sheet Related Disclosures [Abstract]
Advance payments	$ 8,517	$ 1,607
Unearned revenue	50,322	42,661
Advance payments and unearned revenue	$ 58,839	$ 44,268

Leases (Lease Costs) (Details) - USD ($) $ in Thousands	12 Months Ended
Leases (Lease Costs) (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Jun. 30, 2023
Leases [Abstract]
Operating lease cost	$ 1,114	$ 1,288
Short-term lease cost	3,065	1,999
Variable lease cost	249	107
Total lease cost	$ 4,428	$ 3,394

Leases

12 Months Ended

Jun. 28, 2024

Leases [Abstract]

Leases

The Company leases office space, assembly facilities, repair and service centers, and warehouses globally. Operating lease right-of-use assets and lease liabilities are recognized with initial lease terms greater than one year. Leases with an initial term of 12 months or less are not recognized on the consolidated balance sheets. Lease expense is recognized on a straight-line basis over the lease term.

Supplemental lease information is as follows:


	Fiscal
(In thousands)	2024		2023
Operating lease cost	$	1,114	$	1,288
Short-term lease cost	3,065		1,999
Variable lease cost	249		107
Total lease cost	$	4,428	$	3,394


	Fiscal
(In thousands, except for weighted-average)	2024			2023
Weighted-average remaining lease term	5.7 years			6.9 years
Weighted-average discount rate	5.2		%	5.8		%
Right-of-use assets obtained in exchange for operating lease liabilities	$	2,105		$	95
Cash paid for operating lease liabilities	$	1,044		$	944

As of June 28, 2024, future minimum lease payments under all non-cancelable operating leases with an initial term greater than one year is as follows (in thousands):


2025	$	1,190
2026	1,035
2027	549
2028	471
2029	303
Thereafter	1,028
Total lease payments	4,576
Less: interest	(747)
Present value of lease liabilities	$	3,829

Acquisitions

12 Months Ended

Jun. 28, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Acquisitions

NEC’s Wireless Transport Business

On May 9, 2023, the Company entered into a Master Sale of Business Agreement (as amended on November 30, 2023, the “Purchase Agreement”) with NEC Corporation (“NEC”) to acquire NEC’s wireless transport business (the “NEC Transaction”). The Company completed the NEC Transaction on November 30, 2023.

Prior to the acquisition date, NEC was a leader in wireless backhaul networks with an extensive installed base of their Pasolink series products. The completion of the NEC Transaction increases the scale of Aviat, enhances the Company’s product portfolio with a greater capability to innovate, and creates a more diversified business. The results of operations of the NEC Transaction have been included in the consolidated financial statements since the date of acquisition.

The fair value of the consideration transferred at the closing of the NEC Transaction was comprised of (i) cash of $32.2 million, and (ii) the issuance of 736,750 shares or $22.3 million of common stock of the Company. The fair value of the shares issued was determined based on the closing market price of the Company’s common stock on the acquisition date. Aggregate consideration transferred at closing was approximately $54.5 million, which is subject to certain post-closing adjustments. As of June 28, 2024, the Company recorded accruals of approximately $19.9 million in estimated additional cash consideration, which is included in other current liabilities on the consolidated balance sheets. The additional consideration is primarily related to the settlement of the post-closing working capital adjustment, and is expected to be transferred to NEC in the first half of fiscal 2025. The Company funded the cash portion of the consideration with Term Loan borrowings under its Credit Facility. Refer to Note 7. Credit Facility and Debt for further information.

The NEC Transaction was accounted for as a business combination using the acquisition method of accounting. The Company is in the process of obtaining final independent third-party valuations of certain intangible and tangible assets acquired. The fair values of the acquired intangible assets are based on estimates and assumptions that are considered reasonable by the Company. As of the acquisition date, the Company has recorded the assets acquired and the liabilities assumed at their respective estimated fair values. The recognized goodwill is attributable to the workforce of the acquired business and expected synergies. The goodwill from this acquisition is expected to be fully deductible for tax purposes.

Acquisition-related costs were expensed as incurred and are included in selling and administrative expenses in the consolidated statements of operations. The Company incurred acquisition-related costs of $8.2 million related to the NEC Transaction during fiscal 2024.

A summary of the preliminary purchase price allocation is as follows:


	Fair Value		Useful Life in Years
	(In thousands)
Accounts receivable, net	$	49,287
Inventories	34,175
Property, plant and equipment, net	539
Identifiable finite-lived intangible assets:
Customer relationships	3,800		15
Technology	1,800		7
Other assets	243
Accounts payable	(13,182)
Advance payments and unearned revenue	(3,192)
Other liabilities	(2,187)
Goodwill	3,105
Net assets acquired	$	74,388

The preliminary purchase price allocation is subject to adjustment based on the Company obtaining final independent third-party valuations, determining fair value and final allocations of purchase price to the identifiable assets acquired and liabilities assumed, and determining the final consideration, including adjustments related to settlement of the final post-closing working capital adjustment.

Revenue and operating loss associated with the NEC Transaction included in the consolidated statements of operations from the acquisition date to the period ended June 28, 2024 were $54.9 million and $(1.0) million, respectively.


	Fiscal Year
(In thousands)	2024		2023
Revenue	$	492,995	$	530,891
Net income (loss)	19,637		(411)

Fiscal 2023 unaudited supplemental pro forma earnings were adjusted to include $8.2 million of acquisition-related costs incurred in fiscal 2024. There were no other material nonrecurring adjustments. The unaudited supplemental pro forma information presented above is for informational purposes only and is not necessarily indicative of the operating results that would have occurred if the NEC Transaction had occurred at the beginning of fiscal 2023, nor is it necessarily indicative of future operating results.

Redline Communications Group Inc.

In the first quarter of fiscal 2023, the Company acquired all of the issued and outstanding shares of Redline Communications Group Inc. (“Redline”), a leading provider of mission-critical data infrastructure, for a purchase price of $20.4 million. Cash acquired as part of the all-cash acquisition was $4.6 million for total net consideration of $15.8 million. The acquisition was accounted for as a business combination using the acquisition method of accounting. The assets acquired and the liabilities assumed have been recorded at their respective fair values as of the acquisition date. The recognized goodwill is attributable to the workforce of the acquired business and expected synergies. The goodwill from this acquisition is expected to be deductible for tax purposes. Acquisition-related costs were expensed as incurred and are included in selling and administrative expenses in the consolidated statements of operations.

A summary of the final purchase price allocation is as follows:


	Fair Value		Useful Life in Years
	(In thousands)
Cash and cash equivalents	$	4,642
Accounts receivable, net	4,281
Inventories	3,379
Property, plant and equipment, net	688
Identifiable finite-lived intangible assets:
Patents	690		10
Customer relationships	7,730		14
Trade names	1,330		16
Other assets	1,921
Accounts payable	(2,113)
Advance payments and unearned revenue	(3,301)
Other liabilities	(3,948)
Goodwill	5,112
Total consideration	$	20,411

Stockholders’ Equity (Performance Share Activity) (Details) - Performance Shares	12 Months Ended
	Jun. 28, 2024 $ / shares shares
Shares
Shares outstanding, beginning balance (in shares) \| shares	180,000
Granted (in shares) \| shares	115,000
Vested and released (in shares) \| shares	(142,000)
Forfeited/Cancelled (in shares) \| shares	(14,000)
Shares outstanding, ending balance (in shares) \| shares	139,000
Weighted-Average Grant Date Fair Value
Shares outstanding, beginning (in dollars per share) \| $ / shares	$ 25.20
Granted (in dollars per share) \| $ / shares	26.99
Vested and released (in dollars per share) \| $ / shares	12.61
Forfeited/Cancelled (in dollars per share) \| $ / shares	38.40
Shares outstanding, end (in dollars per share) \| $ / shares	$ 38.22

Acquisitions (Pro Forma Adjustments) (Details) - NEC Corporation - USD ($) $ in Thousands	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023
Acquired Finite-Lived Intangible Assets [Line Items]
Revenue	$ 492,995	$ 530,891
Net income (loss)	$ 19,637	$ (411)

Fair Value Measurements of Assets and Liabilities (Fair Value, by Balance Sheet Grouping) (Details) - Recurring - Fair Value - USD ($) $ in Thousands	Jun. 28, 2024	Jun. 30, 2023
Level 1 \| Money market funds
Assets:
Cash and cash equivalents	$ 6,602	$ 571
Level 2 \| Bank certificates of deposit
Assets:
Cash and cash equivalents	$ 3,706	$ 3,793

Balance Sheet Components (Accounts Receivable, Net) (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Jun. 30, 2023
Balance Sheet Related Disclosures [Abstract]
Accounts receivable	$ 159,867	$ 101,630
Less: allowances for credit losses	(1,854)	(719)
Total accounts receivable, net	$ 158,013	$ 100,911

Revenue Recognition (Tables)

12 Months Ended

Jun. 28, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Contract with Customer, Asset and Liability

The following table provides information about receivables and liabilities from contracts with customers:


(In thousands)	June 28, 2024		June 30, 2023
Contract Assets
Accounts receivable, net	$	158,013	$	100,911
Unbilled receivables	90,525		57,170
Capitalized commissions	3,269		3,492
Contract Liabilities
Advance payments and unearned revenue	$	58,839	$	44,268
Unearned revenue, long-term	7,413		7,416

Restructuring Activities (Narrative) (Details) $ in Millions	Jun. 28, 2024 USD ($)
Restructuring and Related Activities [Abstract]
Other current liabilities	$ 1.7

Balance Sheet Components (Tables)

12 Months Ended

Jun. 28, 2024

Balance Sheet Related Disclosures [Abstract]

Schedule of Cash, Cash Equivalents and Restricted Cash

The following table provides a summary of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets that reconciles to the corresponding amount in the consolidated statements of cash flows:


(In thousands)	June 28, 2024		June 30, 2023
Cash and cash equivalents	$	64,622	$	22,242
Restricted cash included in long-term other assets	312		279
Total cash, cash equivalents, and restricted cash	$	64,934	$	22,521

Schedule of Cash, Cash Equivalents and Restricted Cash


(In thousands)	June 28, 2024		June 30, 2023
Cash and cash equivalents	$	64,622	$	22,242
Restricted cash included in long-term other assets	312		279
Total cash, cash equivalents, and restricted cash	$	64,934	$	22,521

Schedule of Accounts Receivable, Net


(In thousands)	June 28, 2024		June 30, 2023
Accounts receivable	$	159,867	$	101,630
Less: allowances for credit losses	(1,854)		(719)
Total accounts receivable, net	$	158,013	$	100,911

Changes to the Company’s allowance for expected credit losses was as follows:


	Fiscal Year
(In thousands)	2024		2023		2022
Balance, beginning of period	$	719	$	934	$	2,141
Charges to (credits from) cost and expense	1,300		467		(1,207)
Write-offs	(165)		(682)		—
Balance, end of period	$	1,854	$	719	$	934

Schedule of Inventories


(In thousands)	June 28, 2024		June 30, 2023
Finished products	$	44,890	$	18,873
Raw materials and supplies	15,433		12,794
Customer service inventories	1,944		1,761
Total inventories	$	62,267	$	33,428
Consigned inventories included within raw materials	$	11,456	$	11,224

Schedule of Adjustments to Inventory

The charges incurred during fiscal 2024, 2023 and 2022 were classified in cost of product sales as follows:


	Fiscal Year
(In thousands)	2024		2023		2022
Excess and obsolete inventory charges	$	3,042	$	1,109	$	647
Customer service inventory write-downs	910		1,029		1,088
Total charges	$	3,952	$	2,138	$	1,735

Schedule of Other Current Assets


(In thousands)	June 28, 2024		June 30, 2023
Prepaids and other current assets	$	13,559	$	13,260
Taxes	8,623		2,417
Contract manufacturing assets	4,894		6,487
Total other current assets	$	27,076	$	22,164

Schedule of Property, Plant and Equipment, Net

The useful lives of the assets are generally as follows:


Buildings			40 years
Leasehold improvements			2 to 10 years


Software and equipment			2 to 5 years


(In thousands)	June 28, 2024		June 30, 2023
Land	$	—	$	210
Buildings and leasehold improvements	1,302		5,889


Software and equipment	69,898		64,139
Total property, plant and equipment, gross	71,200		70,238
Less accumulated depreciation	(61,720)		(60,786)
Total property, plant and equipment, net	$	9,480	$	9,452

Schedule of Accrued Expenses


(In thousands)	June 28, 2024		June 30, 2023
Project costs	$	14,305	$	1,319
Compensation and benefits	9,689		10,368
Taxes	8,827		4,553
Warranties	2,996		2,100
Commissions	1,538		1,453
Professional fees	1,286		2,104
Other	3,507		2,545
Total accrued expenses	$	42,148	$	24,442

Schedule of Changes in Warranty Liability

Changes in the accrued warranty liability were as follows:


	Fiscal Year
(In thousands)	2024		2023		2022
Balance, beginning of period	$	2,100	$	2,913	$	3,228
Warranty provision	2,254		768		1,328
Acquisition	446		55		—
Consumption	(1,804)		(1,636)		(1,643)
Balance, end of period	$	2,996	$	2,100	$	2,913

Schedule of Advance Payments and Unearned Income


(In thousands)	June 28, 2024		June 30, 2023
Advance payments	$	8,517	$	1,607
Unearned revenue	50,322		42,661
	$	58,839	$	44,268

Revisions to Prior Period Consolidated Financial Statements (Consolidated Statements of Comprehensive Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net income	$ 10,760	$ 10,169	$ 21,160
Other comprehensive income:
Net change in cumulative translation adjustment	(3,316)	25	(1,702)
Other comprehensive (loss) income	(3,316)	25	(1,702)
Comprehensive income	$ 7,444	10,194	$ 19,458
As Previously Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net income		11,528
Other comprehensive income:
Net change in cumulative translation adjustment		25
Other comprehensive (loss) income		25
Comprehensive income		11,553
Adjustments
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net income		(1,359)
Other comprehensive income:
Net change in cumulative translation adjustment		0
Other comprehensive (loss) income		0
Comprehensive income		$ (1,359)

- Definition

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

The Company and Summary of Significant Accounting Policies (Narrative) (Details) $ in Thousands	12 Months Ended
	Jun. 28, 2024 USD ($) reporting_unit	Jun. 30, 2023 USD ($)	Jul. 01, 2022 USD ($)
Concentration Risk [Line Items]
Number of reporting unit \| reporting_unit	1
Net foreign exchange (gains) loss	$ (300)	$ 1,000	$ 1,100
Retirement plan expense	$ 2,800	$ 2,100	$ 1,900
Capitalized development cost, amortization period (over)	3 years
Minimum
Concentration Risk [Line Items]
Product warranty period	1 year
Maximum
Concentration Risk [Line Items]
Product warranty period	3 years
Customer Services Inventories \| Minimum
Concentration Risk [Line Items]
Product warranty period	12 months
Customer Services Inventories \| Maximum
Concentration Risk [Line Items]
Product warranty period	36 months
One Customer \| Total Revenue \| Customer Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage			13.00%
Related Entities \| Accounts Receivable Benchmark \| Customer Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage		14.00%

Balance Sheet Components (Inventory Adjustments) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
Balance Sheet Related Disclosures [Abstract]
Excess and obsolete inventory charges	$ 3,042	$ 1,109	$ 647
Customer service inventory write-downs	910	1,029	1,088
Total charges	$ 3,952	$ 2,138	$ 1,735

Credit Facility and Debt (Long-Term Debt) (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Jun. 30, 2023
Debt Disclosure [Abstract]
Term loan	$ 48,750
Less: unamortized deferred financing costs	(400)
Total debt	48,350
Current portion of long-term debt	(2,396)	$ 0
Long-term debt	$ 45,954	$ 0

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

Commitments and Contingencies (Commercial Commitments) (Details) $ in Thousands	Jun. 28, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Letters of credit	$ 4,941
Bonds	13,329
Total	$ 18,270

Credit Facility and Debt (Maturities of Long-Term Debt) (Details) $ in Thousands	Jun. 28, 2024 USD ($)
Debt Disclosure [Abstract]
2025	$ 2,500
2026	3,750
2027	6,250
2028	36,250
Total	$ 48,750

Net Income per Share of Common Stock (Basic and Diluted Net (Loss) Income per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
Numerator:
Net income, basic	$ 10,760	$ 10,169	$ 21,160
Net income, diluted	$ 10,760	$ 10,169	$ 21,160
Denominator:
Weighted average shares outstanding, basic (in shares)	12,182	11,358	11,167
Effect of potentially dilutive equivalent shares (in shares)	274	497	653
Weighted average shares outstanding, diluted (in shares)	12,456	11,855	11,820
Net income per share:
Basic (in dollars per share)	$ 0.88	$ 0.90	$ 1.89
Diluted (in dollars per share)	$ 0.86	$ 0.86	$ 1.79

Balance Sheet Components

12 Months Ended

Jun. 28, 2024

Balance Sheet Related Disclosures [Abstract]

Balance Sheet Components

Cash, cash equivalents, and restricted cash


(In thousands)	June 28, 2024		June 30, 2023
Cash and cash equivalents	$	64,622	$	22,242
Restricted cash included in long-term other assets	312		279
Total cash, cash equivalents, and restricted cash	$	64,934	$	22,521

Accounts receivable, net


(In thousands)	June 28, 2024		June 30, 2023
Accounts receivable	$	159,867	$	101,630
Less: allowances for credit losses	(1,854)		(719)
Total accounts receivable, net	$	158,013	$	100,911

Changes to the Company’s allowance for expected credit losses was as follows:


	Fiscal Year
(In thousands)	2024		2023		2022
Balance, beginning of period	$	719	$	934	$	2,141
Charges to (credits from) cost and expense	1,300		467		(1,207)
Write-offs	(165)		(682)		—
Balance, end of period	$	1,854	$	719	$	934

Inventories


(In thousands)	June 28, 2024		June 30, 2023
Finished products	$	44,890	$	18,873
Raw materials and supplies	15,433		12,794
Customer service inventories	1,944		1,761
Total inventories	$	62,267	$	33,428
Consigned inventories included within raw materials	$	11,456	$	11,224

The Company records charges to adjust inventories due to excess and obsolete inventory resulting from lower sales forecasts, product transitioning or discontinuance. The charges incurred during fiscal 2024, 2023 and 2022 were classified in cost of product sales as follows:


	Fiscal Year
(In thousands)	2024		2023		2022
Excess and obsolete inventory charges	$	3,042	$	1,109	$	647
Customer service inventory write-downs	910		1,029		1,088
Total charges	$	3,952	$	2,138	$	1,735

Other current assets


(In thousands)	June 28, 2024		June 30, 2023
Prepaids and other current assets	$	13,559	$	13,260
Taxes	8,623		2,417
Contract manufacturing assets	4,894		6,487
Total other current assets	$	27,076	$	22,164

Assets held for sale

During the third quarter of fiscal 2024, management initiated the sale of the Company’s property located in New Zealand. As of June 28, 2024, the aggregate carrying value of the assets held for sale was $2.7 million. The Company completed the sale of the property in August 2024.

Property, plant and equipment, net


(In thousands)	June 28, 2024		June 30, 2023
Land	$	—	$	210
Buildings and leasehold improvements	1,302		5,889


Software and equipment	69,898		64,139
Total property, plant and equipment, gross	71,200		70,238
Less accumulated depreciation	(61,720)		(60,786)
Total property, plant and equipment, net	$	9,480	$	9,452

Included in the total plant, property and equipment above were $4.1 million and $0.4 million of assets in progress which have not been placed in service as of June 28, 2024 and June 30, 2023, respectively.

During the third quarter of fiscal 2024, $0.2 million of land, $4.7 million of buildings and improvements, and $(2.2) million of accumulated depreciation, were reclassified from property, plant and equipment, net to assets held for sale. Depreciation expense related to property, plant and equipment was $4.0 million, $5.5 million and $4.5 million in fiscal 2024, 2023 and 2022, respectively.

Accrued expenses


(In thousands)	June 28, 2024		June 30, 2023
Project costs	$	14,305	$	1,319
Compensation and benefits	9,689		10,368
Taxes	8,827		4,553
Warranties	2,996		2,100
Commissions	1,538		1,453
Professional fees	1,286		2,104
Other	3,507		2,545
Total accrued expenses	$	42,148	$	24,442

The Company accrues for the estimated cost to repair or replace products under warranty. Changes in the accrued warranty liability were as follows:


	Fiscal Year
(In thousands)	2024		2023		2022
Balance, beginning of period	$	2,100	$	2,913	$	3,228
Warranty provision	2,254		768		1,328
Acquisition	446		55		—
Consumption	(1,804)		(1,636)		(1,643)
Balance, end of period	$	2,996	$	2,100	$	2,913

Advance payments and unearned revenue


(In thousands)	June 28, 2024		June 30, 2023
Advance payments	$	8,517	$	1,607
Unearned revenue	50,322		42,661
	$	58,839	$	44,268

Excluded from the balances above are $7.4 million and $7.4 million in long-term unearned revenue as of June 28, 2024 and June 30, 2023, respectively.

Segment and Geographic Information (Tables)

12 Months Ended

Jun. 28, 2024

Segment Reporting [Abstract]

Schedule of Revenue by Region

Revenue by region for fiscal 2024, 2023 and 2022 were as follows:


	Fiscal Year
(In thousands)	2024		2023		2022
North America	$	206,073	$	200,678	$	199,801
Africa and Middle East	48,884		59,674		47,527
Europe	24,608		18,772		12,973
Latin America and Asia Pacific	128,518		65,309		42,658
Total Revenue	$	408,083	$	344,433	$	302,959

Schedule of Revenue by Country

Revenue by country comprising more than 10% of total revenue for fiscal 2024, 2023 and 2022 was as follows:


(In thousands, except percentages)	Revenue		% of Total Revenue
Fiscal 2024
United States	$	197,052	48.3	%
Fiscal 2023
United States	$	197,018	57.2	%
Fiscal 2022
United States	$	198,824	65.6	%

Schedule of Long-Lived Assets by Country


(In thousands)	June 28, 2024		June 30, 2023
United States	$	8,330	$	6,965
Canada	1,039		687
New Zealand	467		3,619
Other countries	3,354		735
Total	$	13,190	$	12,006

Related Party Transactions (Related Party Transactions Balance Sheets) (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Jun. 30, 2023
Related Party Transaction [Line Items]
Accounts receivable, net	$ 158,013	$ 100,911
Other current assets	27,076	22,164
Accounts payable	92,854	60,141
Other current liabilities	21,614	$ 600
NEC Corporation \| Related Party
Related Party Transaction [Line Items]
Accounts receivable, net	638
Other current assets	400
Accounts payable	17,182
Other current liabilities	$ 19,896

Income Taxes (Unrecognized Tax Benefit Activity) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefit, beginning of period	$ 16,086	$ 17,707	$ 17,255
Additions for tax positions in prior periods	0	19	54
Additions for tax positions in current periods	971	770	704
Decreases for tax positions in prior periods	(102)	(457)	(104)
Increases (decreases) related to change of foreign exchange rate	(880)	(1,953)	(202)
Unrecognized tax benefit, end of period	$ 16,075	$ 16,086	$ 17,707

Fair Value Measurements of Assets and Liabilities (Tables)

12 Months Ended

Jun. 28, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value, by Balance Sheet Grouping

The estimated fair values and valuation input levels of financial assets and liabilities that are measured at fair value on a recurring basis as of June 28, 2024 and June 30, 2023 were as follows:

Fair Value

(In thousands)

June 28, 2024

June 30, 2023

Valuation
Inputs

Assets:

Cash and cash equivalents:

Money market funds

6,602

571

Level 1

Bank certificates of deposit

3,706

3,793

Level 2

Balance Sheet Components (Accrued Warranties) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
Warranty Liability Roll Forward
Balance, beginning of period	$ 2,100	$ 2,913	$ 3,228
Warranty provision	2,254	768	1,328
Acquisition	446	55	0
Consumption	(1,804)	(1,636)	(1,643)
Balance, end of period	$ 2,996	$ 2,100	$ 2,913

Income Taxes (Narrative) (Details) - USD ($)	12 Months Ended
Income Taxes (Narrative) (Details) - USD ($)	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022	Jul. 02, 2021
Income Tax Examination [Line Items]
Income tax expense (benefit)	$ 6,146,000	$ 11,145,000	$ 9,275,000
Valuation allowance	34,543,000	37,095,000
Increase (decrease) of valuation allowance	2,600,000	400,000
Undistributed earnings of foreign subsidiaries	13,300,000
Unrecognized tax benefits	16,075,000	16,086,000	$ 17,707,000	$ 17,255,000
Increase (decrease) in unrecognized tax benefits		$ 16,100,000
Unrecognized tax benefits that would impact effective tax rate	7,400,000
Interest accrued on unrecognized tax benefits	700,000
Unrecognized tax benefits, decrease resulting from settlements with tax authorities	0
U. S. Federal and State
Income Tax Examination [Line Items]
Valuation allowance	500,000
Tax loss carryforward amount	280,600,000
Tax credit carryforward, amount	5,600,000
Foreign Tax
Income Tax Examination [Line Items]
Tax loss carryforward amount	178,900,000
Tax credit carryforward, amount	$ 3,200,000

Commitments and Contingencies (Narrative) (Details) $ in Thousands	12 Months Ended
	Jun. 28, 2024 USD ($)
Other Commitments [Line Items]
Commercial commitments outstanding	$ 18,270
Maximum
Other Commitments [Line Items]
Guarantee term	2 years
Purchase Obligations With Suppliers Of Contract Manufacturers
Other Commitments [Line Items]
Purchase obligation	$ 83,700
Contractual Obligations Associated With Software As Service And Software
Other Commitments [Line Items]
Purchase obligation	$ 5,100

Related Party Transactions

12 Months Ended

Jun. 28, 2024

Related Party Transactions

NEC Corporation

On November 30, 2023 (the “Closing Date”), the Company completed the NEC Transaction. Refer to Note 12. Acquisitions for further information. A portion of the total consideration in the NEC Transaction included the issuance of 736,750 shares in Company common stock to NEC. The Company and NEC entered into a Registration Rights and Lock-Up Agreement, restricting NEC’s ability to transfer shares (the “Lock-Up”), except for certain limited exceptions as provided in the Registration Rights and Lock-Up Agreement, until one day after the one-year anniversary of the Closing Date (the “Initial Lock-Up Expiration Date”). Starting one day after the Initial Lock-Up Expiration Date, one-twelfth of the issued shares shall be released from the Lock-Up each month, such that all issued shares shall be released from Lock-Up by the two-year anniversary of the Closing Date. Pursuant to the Purchase Agreement, NEC will have the right to nominate a director to the Company’s Board of Directors from the Closing Date and for a period of two years thereafter. As of June 28, 2024, NEC held approximately 5.8% of the Company’s outstanding common stock.

In connection with the closing of the NEC Transaction and as of the Closing Date, the Company and NEC entered into agreements covering the performance of certain post-closing services and licensing arrangements. The agreements include arrangements covering manufacturing services and product supply, transition services, distribution services, research and development services, and licensing of trademark and intellectual property (“IP”).

The Manufacturing and Supply Agreement includes arrangements for NEC to manufacture and supply Pasolink products on behalf of and to the Company and its customers. The transition services agreements include arrangements for the Company and NEC to provide and receive certain transition services, primarily associated with administrative functions. The distribution services agreements includes arrangements where NEC will provide distribution services on behalf of and to the Company and its customers in certain international markets and territories. The Research and Development Cooperating Agreement for Existing Products includes arrangements for NEC to provide the Company certain services relating to development work to maintain existing products of the NEC business. The licensing agreements include arrangements where the Company will grant NEC a non-exclusive license to certain Pasolink trademarks in Japan, and NEC will grant the Company a non-exclusive, worldwide (excluding Japan) license to certain NEC IP, including mobile backhaul-related patents. The licensing agreements are royalty-free and perpetual.

A summary of the related party activity between the Company and NEC during fiscal 2024 is as follows:


(In thousands)
Transition services received	$	4,472
Research and development services received	7,222
Purchase of inventories	10,853

As of June 28, 2024, the Company’s outstanding related party balances with NEC included in the consolidated balance sheets are as follows:


(In thousands)
Accounts receivable, net	$	638
Other current assets	400
Accounts payable	17,182
Other current liabilities	19,896

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
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-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

+ Details

Segment and Geographic Information (Revenue by Country) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 408,083	$ 344,433	$ 302,959
Revenue by Country \| Total Revenue \| United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 197,052	$ 197,018	$ 198,824
% of Total Revenue	48.30%	57.20%	65.60%

- Definition

+ References

+ Details

Restructuring Activities (Restructuring Related Activities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
Restructuring Reserve [Roll Forward]
Restructuring liability, beginning of period	$ 600	$ 1,381	$ 2,737
Charges (reversals), net	3,901	2,947	238
Cash payments	(2,783)	(3,728)	(1,559)
Other			(35)
Restructuring liability, end of period	1,718	600	1,381
Employee Severance and Benefits
Restructuring Reserve [Roll Forward]
Restructuring liability, beginning of period	600	1,381	2,489
Charges (reversals), net	3,901	2,947	474
Cash payments	(2,783)	(3,728)	(1,559)
Other			(23)
Restructuring liability, end of period	1,718	600	1,381
Facilities and Other
Restructuring Reserve [Roll Forward]
Restructuring liability, beginning of period	0	0	248
Charges (reversals), net	0	0	(236)
Cash payments	0	0	0
Other			(12)
Restructuring liability, end of period	$ 0	$ 0	$ 0

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 28, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Balance Sheet Components (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 29, 2024	Jun. 28, 2024	Jun. 30, 2023	Jul. 01, 2022
Property, Plant and Equipment [Line Items]
Assets held for sale		$ 2,720	$ 0
Property, plant and equipment, net		9,480	9,452
Accumulated depreciation	$ (2,200)
Depreciation of property, plant and equipment		3,991	5,475	$ 4,463
Unearned revenue, long-term		7,413	7,416
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, reclassified	200
Buildings and leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, reclassified	$ 4,700
Asset In Progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net		$ 4,100	$ 400

Cover - USD ($) $ in Millions	12 Months Ended
Cover - USD ($) $ in Millions	Jun. 28, 2024	Oct. 03, 2024	Dec. 29, 2023
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Current Fiscal Year End Date	--06-28
Document Period End Date	Jun. 28, 2024
Document Transition Report	false
Entity File Number	001-33278
Entity Registrant Name	AVIAT NETWORKS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-5961564
Entity Address, Address Line One	200 Parker Drive, Suite C100A,
Entity Address, City or Town	Austin,
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78728
City Area Code	408
Local Phone Number	941-7100
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction	true
Document Financial Statement Restatement Recovery Analysis	false
Entity Shell Company	false
Entity Public Float			$ 400.9
Entity Common Stock, Shares Outstanding		12,676,490
Documents Incorporated by Reference	Portions of the registrant’s definitive Proxy Statement for its fiscal 2024 Annual Meeting of Stockholders (“Proxy Statement”), which will be filed with the U.S. Securities and Exchange Commission within 120 days after the end of the registrant’s fiscal year ended June 28, 2024, are incorporated by reference into Part III of this Annual Report on Form 10-K.
Entity Central Index Key	0001377789
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false
Common Stock, par value $0.01 per share
Document Information [Line Items]
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	AVNW
Security Exchange Name	NASDAQ
Preferred Share Purchase Rights
Document Information [Line Items]
Title of 12(b) Security	Preferred Share Purchase Rights
No Trading Symbol Flag	true
Security Exchange Name	NASDAQ

Balance Sheet Components (Other Current Assets) (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Jun. 30, 2023
Balance Sheet Related Disclosures [Abstract]
Prepaids and other current assets	$ 13,559	$ 13,260
Taxes	8,623	2,417
Contract manufacturing assets	4,894	6,487
Other current assets	$ 27,076	$ 22,164

Stockholders’ Equity (Unamortized Expenses) (Details) $ in Thousands	12 Months Ended
	Jun. 28, 2024 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized Expense	$ 9,265
Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized Expense	$ 2,185
Remaining Recognition Period	1 year 7 months 17 days
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized Expense	$ 5,060
Remaining Recognition Period	1 year 6 months 7 days
Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized Expense	$ 2,020
Remaining Recognition Period	1 year 3 months 21 days

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details