Supplemental Cash Flow Information:
\n| \u00a0 | - | Interest paid amounted to $5.2 million, $3.5 million, and $4.7 million, for the years ended June 27, 2021, June 28, 2020, and June\u00a030, 2019, respectively. |
\u00a0
\n| \u00a0 | - | The Company paid income taxes of approximately $37.2 million, $15.5 million, and $8.8 million, net of tax refunds received, for the years ended June 27, 2021, June 28, 2020, and June 30, 2019, respectively. |
Note 1. Description of Business
\n\u00a0
\n1-800-FLOWERS.COM, Inc. is a leading provider of gifts designed to help customers express, connect and celebrate. The Company\u2019s business platform features our all-star family of brands, including: 1-800-Flowers.com\u00ae, 1-800-Baskets.com\u00ae, Cheryl\u2019s Cookies\u00ae, Harry & David\u00ae, PersonalizationMall.com\u00ae, Shari\u2019s Berries\u00ae, FruitBouquets.com\u00ae, Moose Munch\u00ae, The Popcorn Factory\u00ae, Wolferman\u2019s Bakery\u00ae, Stock Yards\u00ae and Simply Chocolate\u00ae. Through the Celebrations Passport\u00ae loyalty program, which provides members with free standard shipping and no service charge across our portfolio of brands, 1-800-FLOWERS.COM, Inc. strives to deepen relationships with customers. The Company also operates BloomNet\u00ae, an international floral and gift industry service provider offering a broad-range of products and services designed to help its members grow their businesses profitably; Napco\u2120, a resource for floral gifts and seasonal d\u00e9cor; and DesignPac Gifts, LLC, a manufacturer of gift baskets and towers.
\n "}]},{"name":"rpt:f-462","factDimensions":{"xbrl:concept":"us-gaap:OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":" \nNote 2. Significant Accounting Policies
\n\u00a0
\nBasis of Presentation
\n\u00a0
\nThe consolidated financial statements include the accounts of 1-800-FLOWERS.COM, Inc. and its subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. The Company\u2019s net revenues from international sources were not material during fiscal years\u00a02021, 2020 and 2019.
\n
\u00a0
\nFiscal Year
\n\u00a0
\nThe Company\u2019s fiscal year is a 52- or 53-week period ending on the Sunday nearest to June 30. fiscal\u00a0
\n\u00a0
\nUse of Estimates
\nThe preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
\n\u00a0
\nCash and Cash Equivalents
\n\u00a0
\nCash and cash equivalents consist of demand deposits with banks, highly liquid money market funds, United States government securities, overnight repurchase agreements and commercial paper with maturities of three months or less when purchased.
\n\u00a0
\nInventories
\n\u00a0
\nInventories are valued at the lower of cost or market using the first-in, first-out method of accounting.
\n\u00a0
\nProperty, Plant and Equipment
\n\u00a0
\nProperty, plant and equipment are stated at cost less accumulated depreciation and amortization. Depreciation expense is computed using the straight-line method over the assets\u2019 estimated useful lives. Amortization of leasehold improvements and capital leases is computed using the straight-line method over the shorter of the estimated useful lives and the initial lease terms. The Company capitalizes certain internal and external costs incurred to acquire or develop internal-use software. Capitalized software costs are amortized on a straight-line basis over the estimated useful life of the software. Orchards in production, consisting of direct labor and materials, supervision and other items, are capitalized as part of capital projects in progress \u2013 orchards until the orchards produce fruit in commercial quantities, at which time they are reclassified to orchards in production. Estimated useful lives are periodically reviewed, and where appropriate, changes are made prospectively.
\n\u00a0
\n \n \nThe Company\u2019s property, plant and equipment are depreciated using the following estimated lives:
\n\u00a0
\n \n| Building and building improvements (years) | \u00a0 | 10 | - | 40 |
| Leasehold improvements (years) | \u00a0 | 3 | - | 10 |
| Furniture, fixtures and production equipment (years) | \u00a0 | 3 | - | 20 |
| Software (years) | \u00a0 | 3 | - | 7 |
| Orchards in production and land improvements (years) | \u00a0 | 15 | - | 45 |
\u00a0
\nProperty, plant and equipment are reviewed for impairment whenever changes in circumstances or events may indicate that the carrying amounts are not recoverable.
\n\u00a0
\nGoodwill
\n\u00a0
\nGoodwill represents the excess of the purchase price over the fair value of the net assets acquired in each business combination, with the carrying value of the Company\u2019s goodwill allocated to its reporting units, in accordance with the acquisition method of accounting. Goodwill is not amortized, but it is subject to an annual assessment for impairment, which the Company performs during the fourth quarter, or more frequently if events occur or circumstances change such that it is more likely than not that an impairment may exist. The Company tests goodwill for impairment at the reporting unit level. The Company identifies its reporting units by assessing whether the components of its operating segments constitute businesses for which discrete financial information is available and management of each reporting unit regularly reviews the operating results of those components.
\n\u00a0
\nIn applying the goodwill impairment test, the Company has the option to perform a qualitative test (also known as \u201cStep 0\u201d) or a quantitative test ( \u201cStep 1\u201d). Under the Step 0 test, the Company first assesses qualitative factors to determine whether it is more likely than not that the fair value of the reporting units is less than its carrying value. Qualitative factors may include, but are not limited to, economic conditions, industry and market considerations, cost factors, overall financial performance of the reporting unit and other entity and reporting unit specific events. If after assessing these qualitative factors, the Company determines it is \u201cmore-likely-than-not\u201d that the fair value of the reporting unit is less than the carrying value, then performing the Step 1 quantitative test is necessary.
\n\u00a0
\nStep 1 of the quantitative test requires comparison of the fair value of each of the reporting units to the respective carrying value. If the carrying value of the reporting unit is less than the fair value, no impairment exists. Otherwise, the Company would recognize an impairment charge for the amount by which the carrying amount of a reporting unit exceeds its fair value up to the amount of goodwill allocated to that reporting unit.
\n\u00a0
\nThe Company generally estimates the fair value of a reporting unit using an equal weighting of the income and market approaches. The Company uses industry accepted valuation models and set criteria that are reviewed and approved by various levels of management and, in certain instances, the Company engages third-party valuation specialists. Under the income approach, the Company uses a discounted cash flow methodology which requires management to make significant estimates and assumptions related to forecasted revenues, gross profit margins, operating income margins, working capital cash flow, perpetual growth rates, and long-term discount rates, among others. For the market approach, the Company uses the guideline public company method. Under this method the Company utilizes information from comparable publicly traded companies with similar operating and investment characteristics as the reporting units, to create valuation multiples that are applied to the operating performance of the reporting unit being tested, in order to obtain their respective fair values. The Company also reconciles the aggregate fair values of its reporting units determined in the first step (as described above) to its current market capitalization, allowing for a reasonable control premium.
\n\u00a0
\nDuring fiscal years 2021 and 2020, the Company performed a Step 0 analysis and determined that it was not \u201cmore likely than not\u201d that the fair values of its reporting units were less than their carrying amounts. During fiscal year 2019, the Company performed a Step 1 analysis, and determined that the estimated fair value of the Company's reporting units significantly exceeded their respective carrying values (including goodwill allocated to each respective reporting unit).\u00a0 Future changes in the estimates and assumptions above could materially affect the results of our reviews for impairment of goodwill.
\n\u00a0
\nOther Intangibles, net
\n\u00a0
\nOther intangibles consist of definite-lived intangible assets (such as investment in licenses, customer lists, and others) and indefinite-lived intangible assets (such as acquired trade names and trademarks). The cost of definite-lived intangible assets is amortized to reflect the pattern of economic benefits consumed, over the estimated periods benefited, ranging from 3 to 16 years, while indefinite-lived intangible assets are not amortized.
\n\u00a0
\n \n \nDefinite-lived intangibles are reviewed for impairment whenever changes in circumstances or events may indicate that the carrying amounts are not recoverable. When such events or changes in circumstances occur, a recoverability test is performed comparing projected undiscounted cash flows from the use and eventual disposition of an asset or asset group to its carrying value. If the projected undiscounted cash flows are less than the carrying value, then an impairment charge would be recorded for the excess of the carrying value over the fair value, which is determined by discounting future cash flows.
\n\u00a0
\nThe Company tests indefinite-lived intangible assets for impairment at least annually, during the fourth quarter, or whenever changes in circumstances or events may indicate that the carrying amounts are not recoverable. In applying the impairment test, the Company has the option to perform a qualitative test (also known as \u201cStep 0\u201d) or a quantitative test. Under the Step 0 test, the Company assesses qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired. Qualitative factors may include, but are not limited to economic conditions, industry and market considerations, cost factors, financial performance, legal and other entity and asset specific events. If, after assessing these qualitative factors, the Company determines it is \u201cmore-likely-than-not\u201d that the indefinite-lived intangible asset is impaired, then performing the quantitative test is necessary. The quantitative impairment test for indefinite-lived intangible assets encompasses calculating a fair value of an indefinite-lived intangible asset and comparing the fair value to its carrying value. If the carrying value exceeds the fair value, impairment is recognized for the difference. To determine fair value of other indefinite-lived intangible assets, the Company uses an income approach, the relief-from-royalty method. This method assumes that, in lieu of ownership, a third party would be willing to pay a royalty in order to obtain the rights to use the comparable asset. Other indefinite-lived intangible assets\u2019 fair values require significant judgments in determining both the assets\u2019 estimated cash flows as well as the appropriate discount and royalty rates applied to those cash flows to determine fair value.
\n\u00a0
\nDuring fiscal years 2021 and 2020, the Company performed a Step 0 analysis and determined that it was not \u201cmore likely than not\u201d that the fair values of the indefinite-lived intangibles were less than their carrying amounts. During fiscal year 2019, the Company performed a quantitative test, which determined that the estimated fair value of the Company's intangibles exceeded their respective carrying value in all material respects. Future changes in the estimates and assumptions above could materially affect the results of our reviews for impairment of intangibles.
\n\u00a0
\nBusiness Combinations
\n\u00a0
\nThe Company accounts for business combinations in accordance with ASC Topic 805, which requires, among other things, the acquiring entity in a business combination to recognize the fair value of all the assets acquired and liabilities assumed; the recognition of acquisition-related costs in the consolidated results of operations; the recognition of restructuring costs in the consolidated results of operations for which the acquirer becomes obligated after the acquisition date; and contingent purchase consideration to be recognized at their fair values on the acquisition date with subsequent adjustments recognized in the consolidated results of operations. The fair values assigned to identifiable intangible assets acquired are determined primarily by using an income approach, which is based on assumptions and estimates made by management. Significant assumptions utilized in the income approach are based on company specific information and projections which are not observable in the market and are therefore considered Level 3 measurements. The excess of the purchase price over the fair value of the identified assets and liabilities is recorded as goodwill. Operating results of the acquired entity are reflected in the Company\u2019s consolidated financial statements from date of acquisition.
\n\u00a0
\nDeferred Catalog Costs
\n\u00a0
\nThe Company capitalizes the costs of producing and distributing its catalogs. Starting in fiscal 2019, with the adoption of ASU No. 2014-09 (see below), these costs are expensed upon mailing, instead of being amortized in direct proportion to actual sales. Included within prepaid and other current assets was $2.7 million and $3.0 million at June 27, 2021 and June 28, 2020 respectively, relating to prepaid catalog expenses.
\n\u00a0
\nInvestments
\n\u00a0
\nEquity investments without a readily determinable fair value
\n\u00a0
\nInvestments in non-marketable equity instruments of private companies, where the Company does not possess the ability to exercise significant influence, are accounted for at cost, less impairment (assessed qualitatively at each reporting period), adjusted for observable price changes from orderly transactions for identical or similar investments of the same issuer. These investments are included within \u201cOther assets\u201d in the Company\u2019s consolidated balance sheets. The aggregate carrying amount of the Company\u2019s cost method investments was $4.6 million as of June 27, 2021 and $2.8 million as of June 28, 2020.\u00a0
\n\u00a0
\n \n \nEquity investments with a readily determinable fair value
\n\u00a0
\nThe Company also holds certain trading securities associated with its Non-Qualified Deferred Compensation Plan (\u201cNQDC Plan\u201d). These investments are measured using quoted market prices at the reporting date and are included within the \u201cOther assets\u201d line item in the consolidated balance sheets (see\u00a0Note 10\u00a0-\u00a0Fair Value Measurements).
\n\u00a0
\nConcentration of Credit Risk
\n\u00a0
\nFinancial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents and accounts receivable. The Company maintains cash and cash equivalents with high quality financial institutions. Concentration of credit risk with respect to accounts receivable is limited due to the Company's large number of customers and their dispersion throughout the United States, and the fact that a substantial portion of receivables are related to balances owed by major credit card companies. Allowances relating to consumer, corporate and franchise accounts receivable ($4.0 million at June 27, 2021 and $5.7 million at June 28, 2020) have been recorded based upon previous experience and management\u2019s evaluation.
\n\u00a0
\nRevenue Recognition
\n\u00a0
\nNet revenue is measured based on the amount of consideration that we expect to receive, reduced by discounts and estimates for credits and returns (calculated based upon previous experience and management\u2019s evaluation). Service and outbound shipping charged to customers are recognized at the time the related merchandise revenues are recognized and are included in net revenues. Inbound and outbound shipping and delivery costs are included in cost of revenues. Net revenues exclude sales and other similar taxes collected from customers.
\n\u00a0
\nA description of our principal revenue generating activities is as follows:
\n| \u00a0 | - | E-commerce revenues - consumer products sold through our online and telephonic channels. Revenue is recognized when control of the merchandise is transferred to the customer, which generally occurs upon shipment. Payment is typically due prior to the date of shipment. |
| \u00a0 | - | Retail revenues - consumer products sold through our retail stores. Revenue is recognized when control of the goods is transferred to the customer, at the point of sale, at which time payment is received. |
| \u00a0 | - | Wholesale revenues - products sold to our wholesale customers for subsequent resale. Revenue is recognized when control of the goods is transferred to the customer, in accordance with the terms of the applicable agreement. Payment terms are typically 30 days from the date control over the product is transferred to the customer. |
| \u00a0 | - | BloomNet Services - membership fees as well as other service offerings to florists. Membership and other subscription-based fees are recognized monthly as earned. Services revenues related to orders sent through the floral network are variable, based on either the number of orders or the value of orders, and are recognized in the period in which the orders are delivered. The contracts within BloomNet Services are typically month-to-month and as a result no consideration allocation is necessary across multiple reporting periods. Payment is typically due less than 30 days from the date the services were performed.\u00a0 |
\u00a0
\nDeferred Revenues
\n\u00a0
\nDeferred revenues are recorded when the Company has received consideration (i.e., advance payment) before satisfying its performance obligations. As such, customer orders are recorded as deferred revenue prior to shipment or rendering of product or services. Deferred revenues primarily relate to e-commerce orders placed, but not shipped, prior to the end of the fiscal period, as well as for monthly subscription programs, including our Fruit of the Month Club\u00ae\u00a0and Celebrations Passport\u00ae program.
\n\u00a0
\nOur total deferred revenue as of June 28, 2020 was $25.9 million (included in \u201cAccrued expenses\u201d on our consolidated balance sheets), of which, $25.9 million was recognized as revenue during the year ended June 27, 2021. The deferred revenue balance as of June 27, 2021 was $33.4 million.
\n\u00a0
\nCost of Revenues
\n\u00a0
\nCost of revenues consists primarily of florist fulfillment costs (fees paid directly to florists), the cost of floral and non-floral merchandise sold from inventory or through third parties, and associated costs, including inbound and outbound shipping charges. Additionally, cost of revenues includes labor and facility costs related to manufacturing and production operations.
\n\u00a0
\n \n \nMarketing and Sales
\n\u00a0
\nMarketing and sales expense consists primarily of advertising expenses, catalog costs, online portal and search expenses, retail store and fulfillment operations (other than costs included in cost of revenues), and customer service center expenses, as well as the operating expenses of the Company\u2019s departments engaged in marketing, selling and merchandising activities.
\n\u00a0
\nThe Company expenses all advertising costs, with the exception of catalog costs (see Deferred Catalog Costs above), at the time the advertisement is first shown. Advertising expense was $307.9 million, $171.4 million and $147.8 million for the years ended June 27, 2021, June 28, 2020 and June 30, 2019, respectively.
\n\u00a0
\nTechnology and Development
\n\u00a0
\nTechnology and development expense consists primarily of payroll and operating expenses of the Company\u2019s information technology group, costs associated with its websites, including hosting, content development and maintenance and support costs related to the Company\u2019s order entry, customer service, fulfillment and database systems. Costs associated with the acquisition or development of software for internal use are capitalized if the software is expected to have a useful life beyond one year and amortized over the software\u2019s useful life, typically to years. Costs associated with repair maintenance or the development of website content are expensed as incurred, as the useful lives of such software modifications are less than one year.
\n\u00a0
\nStock-Based Compensation
\n\u00a0
\nThe Company records compensation expense associated with restricted stock awards and other forms of equity compensation based upon the fair value of stock-based awards as measured at the grant date. The cost associated with share-based awards that are subject solely to time-based vesting requirements is recognized over the awards\u2019 service period for the entire award on a straight-line basis. The cost associated with performance-based equity awards is recognized for each tranche over the service period, based on an assessment of the likelihood that the applicable performance goals will be achieved.
\n\u00a0
\nDerivatives and Hedging
\n\u00a0
\nThe Company does not enter into derivative transactions for trading purposes, but rather, on occasion to manage its exposure to interest rate fluctuations. When entering into these transactions, the Company has periodically managed its floating rate debt using interest rate swaps in order to reduce its exposure to the impact of changing interest rates on its consolidated results of operations and future cash outflows for interest. The Company did not have any open derivative positions at June 27, 2021 and June 28, 2020.
\n
\u00a0
\nIncome Taxes
\n\u00a0
\nThe Company uses the asset and liability method to account for income taxes. The Company has established deferred tax assets and liabilities for temporary differences between the financial reporting bases and the income tax bases of its assets and liabilities at enacted tax rates expected to be in effect when such assets or liabilities are realized or settled. The Company recognizes as a deferred tax asset, the tax benefits associated with losses related to operations. Realization of these deferred tax assets assumes that we will be able to generate sufficient future taxable income so that these assets will be realized. The factors that the Company considers in assessing the likelihood of realization include the forecast of future taxable income and available tax planning strategies that could be implemented to realize the deferred tax assets.
\n\u00a0
\nThe Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements on a particular tax position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon settlement. The amount of unrecognized tax benefits (\u201cUTBs\u201d) is adjusted as appropriate for changes in facts and circumstances, such as significant amendments to existing tax law, new regulations or interpretations by the taxing authorities, new information obtained during a tax examination, or resolution of an examination. We recognize both accrued interest and penalties, where appropriate, related to UTBs in income tax expense. Assumptions, judgment and the use of estimates are required in determining if the \u201cmore likely than not\u201d standard has been met when developing the provision for income taxes.\u00a0
\n\u00a0
\nNet Income Per Share
\n\u00a0
\nBasic net income per common share is computed using the weighted-average number of common shares outstanding during the period. Diluted net income per share is computed using the weighted-average number of common and dilutive common equivalent shares (consisting primarily of employee stock options and unvested restricted stock awards) outstanding during the period.
\n
\u00a0
\n \n \nRecently Issued Accounting Pronouncements - Adopted
\n\u00a0
\nFinancial Instruments \u2013 Measurement of Credit Losses. In June 2016, the FASB issued ASU No. 2016-13, \u201cFinancial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.\u201d ASU 2016-13 introduces a new forward-looking \u201cexpected loss\u201d approach, to estimate credit losses on most financial assets and certain other instruments, including trade receivables. The estimate of expected credit losses requires entities to incorporate considerations of historical information, current information and reasonable and supportable forecasts. This ASU also expands the disclosure requirements to enable users of financial statements to understand the entity\u2019s assumptions, models and methods for estimating expected credit losses. We adopted ASU 2016-13 for the Company\u2019s fiscal 2021 (quarter ending September 27, 2020), using the modified-retrospective approach. There was no material impact of adopting this guidance on our consolidated financial statements.
\n\u00a0
\nGoodwill \u2013 Impairment Test. In January 2017, the FASB issued ASU No. 2017-04, \"Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment,\" which eliminates step two from the goodwill impairment test. Under ASU 2017-04, an entity should recognize an impairment charge for the amount by which the carrying amount of a reporting unit exceeds its fair value up to the amount of goodwill allocated to that reporting unit. We adopted this guidance for the Company\u2019s fiscal 2021 (quarter ending September 27, 2020), on a prospective basis. There was no material impact of adopting this guidance on our consolidated financial statements.
\n\u00a0
\nCOVID-19
\n\u00a0
\nOn March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (\u201cCARES\u201d) Act was signed into law. The CARES Act provides a substantial stimulus and assistance package intended to address the impact of COVID-19, including tax relief and government loans, grants and investments. The CARES Act did not have a material impact on the Company\u2019s consolidated financial statements during the years ended June 27, 2021 and June 28, 2020.
\n\u00a0
\nThe Company is closely monitoring the impact of COVID-19 on its business, including how it will affect its customers, workforce, suppliers, vendors, franchisees, florists, and production and distribution channels, as well as its financial statements. The extent to which COVID-19 impacts the Company\u2019s business and financial results will depend on numerous evolving factors, including, but not limited to: the magnitude and duration of COVID-19, the extent to which it will impact macroeconomic conditions, including interest rates, employment rates and consumer confidence, the speed of the anticipated recovery, and governmental, business and individual consumer reactions to the pandemic. The Company assessed certain accounting matters that generally require consideration of forecasted financial information in context with the information reasonably available to the Company and the unknown future impacts of COVID-19 as of June 27, 2021 and through the date of this report. The accounting matters assessed included, but were not limited to, the Company\u2019s allowance for doubtful accounts and credit losses, inventory and related reserves and the carrying value of goodwill and other long-lived assets. While there was not a material impact to the Company\u2019s consolidated financial statements as of and for the years ended June 27, 2021, and June 28, 2020, the Company\u2019s future assessment of these factors and the evolving factors described above, could result in material impacts to the Company\u2019s consolidated financial statements in future reporting periods.\u00a0\u00a0
\n\u00a0
\nReclassifications
\n\u00a0
\nCertain balances in the prior fiscal years have been reclassified to conform to the presentation in the current fiscal year.\u00a0
\n "}]},{"name":"rpt:f-463","factDimensions":{"xbrl:concept":"us-gaap:ConsolidationPolicyTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":"Basis of Presentation
\n\u00a0
\nThe consolidated financial statements include the accounts of 1-800-FLOWERS.COM, Inc. and its subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. The Company\u2019s net revenues from international sources were not material during fiscal years\u00a02021, 2020 and 2019.
"}]},{"name":"rpt:f-464","factDimensions":{"xbrl:concept":"us-gaap:FiscalPeriod","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":"Fiscal Year
\n\u00a0
\nThe Company\u2019s fiscal year is a 52- or 53-week period ending on the Sunday nearest to June 30. fiscal\u00a0
\nCash and Cash Equivalents
\n\u00a0
\nCash and cash equivalents consist of demand deposits with banks, highly liquid money market funds, United States government securities, overnight repurchase agreements and commercial paper with maturities of three months or less when purchased.
"}]},{"name":"rpt:f-466","factDimensions":{"xbrl:concept":"us-gaap:InventoryPolicyTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":"Inventories
\n\u00a0
\nInventories are valued at the lower of cost or market using the first-in, first-out method of accounting.
"}]},{"name":"rpt:f-467","factDimensions":{"xbrl:concept":"us-gaap:PropertyPlantAndEquipmentPolicyTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":"Property, Plant and Equipment
\n\u00a0
\nProperty, plant and equipment are stated at cost less accumulated depreciation and amortization. Depreciation expense is computed using the straight-line method over the assets\u2019 estimated useful lives. Amortization of leasehold improvements and capital leases is computed using the straight-line method over the shorter of the estimated useful lives and the initial lease terms. The Company capitalizes certain internal and external costs incurred to acquire or develop internal-use software. Capitalized software costs are amortized on a straight-line basis over the estimated useful life of the software. Orchards in production, consisting of direct labor and materials, supervision and other items, are capitalized as part of capital projects in progress \u2013 orchards until the orchards produce fruit in commercial quantities, at which time they are reclassified to orchards in production. Estimated useful lives are periodically reviewed, and where appropriate, changes are made prospectively.
\n\u00a0
\n \n \nThe Company\u2019s property, plant and equipment are depreciated using the following estimated lives:
\n\u00a0
\n \n| Building and building improvements (years) | \u00a0 | 10 | - | 40 |
| Leasehold improvements (years) | \u00a0 | 3 | - | 10 |
| Furniture, fixtures and production equipment (years) | \u00a0 | 3 | - | 20 |
| Software (years) | \u00a0 | 3 | - | 7 |
| Orchards in production and land improvements (years) | \u00a0 | 15 | - | 45 |
\u00a0
\nProperty, plant and equipment are reviewed for impairment whenever changes in circumstances or events may indicate that the carrying amounts are not recoverable.
"}]},{"name":"rpt:f-468","factDimensions":{"xbrl:concept":"flws:PropertyPlantAndEquipmentEstimatedUsefulLivesTableTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":" \n| Building and building improvements (years) | \u00a0 | 10 | - | 40 |
| Leasehold improvements (years) | \u00a0 | 3 | - | 10 |
| Furniture, fixtures and production equipment (years) | \u00a0 | 3 | - | 20 |
| Software (years) | \u00a0 | 3 | - | 7 |
| Orchards in production and land improvements (years) | \u00a0 | 15 | - | 45 |
Goodwill
\n\u00a0
\nGoodwill represents the excess of the purchase price over the fair value of the net assets acquired in each business combination, with the carrying value of the Company\u2019s goodwill allocated to its reporting units, in accordance with the acquisition method of accounting. Goodwill is not amortized, but it is subject to an annual assessment for impairment, which the Company performs during the fourth quarter, or more frequently if events occur or circumstances change such that it is more likely than not that an impairment may exist. The Company tests goodwill for impairment at the reporting unit level. The Company identifies its reporting units by assessing whether the components of its operating segments constitute businesses for which discrete financial information is available and management of each reporting unit regularly reviews the operating results of those components.
\n\u00a0
\nIn applying the goodwill impairment test, the Company has the option to perform a qualitative test (also known as \u201cStep 0\u201d) or a quantitative test ( \u201cStep 1\u201d). Under the Step 0 test, the Company first assesses qualitative factors to determine whether it is more likely than not that the fair value of the reporting units is less than its carrying value. Qualitative factors may include, but are not limited to, economic conditions, industry and market considerations, cost factors, overall financial performance of the reporting unit and other entity and reporting unit specific events. If after assessing these qualitative factors, the Company determines it is \u201cmore-likely-than-not\u201d that the fair value of the reporting unit is less than the carrying value, then performing the Step 1 quantitative test is necessary.
\n\u00a0
\nStep 1 of the quantitative test requires comparison of the fair value of each of the reporting units to the respective carrying value. If the carrying value of the reporting unit is less than the fair value, no impairment exists. Otherwise, the Company would recognize an impairment charge for the amount by which the carrying amount of a reporting unit exceeds its fair value up to the amount of goodwill allocated to that reporting unit.
\n\u00a0
\nThe Company generally estimates the fair value of a reporting unit using an equal weighting of the income and market approaches. The Company uses industry accepted valuation models and set criteria that are reviewed and approved by various levels of management and, in certain instances, the Company engages third-party valuation specialists. Under the income approach, the Company uses a discounted cash flow methodology which requires management to make significant estimates and assumptions related to forecasted revenues, gross profit margins, operating income margins, working capital cash flow, perpetual growth rates, and long-term discount rates, among others. For the market approach, the Company uses the guideline public company method. Under this method the Company utilizes information from comparable publicly traded companies with similar operating and investment characteristics as the reporting units, to create valuation multiples that are applied to the operating performance of the reporting unit being tested, in order to obtain their respective fair values. The Company also reconciles the aggregate fair values of its reporting units determined in the first step (as described above) to its current market capitalization, allowing for a reasonable control premium.
\n\u00a0
\nDuring fiscal years 2021 and 2020, the Company performed a Step 0 analysis and determined that it was not \u201cmore likely than not\u201d that the fair values of its reporting units were less than their carrying amounts. During fiscal year 2019, the Company performed a Step 1 analysis, and determined that the estimated fair value of the Company's reporting units significantly exceeded their respective carrying values (including goodwill allocated to each respective reporting unit).\u00a0 Future changes in the estimates and assumptions above could materially affect the results of our reviews for impairment of goodwill.
"}]},{"name":"rpt:f-480","factDimensions":{"xbrl:concept":"us-gaap:GoodwillAndIntangibleAssetsIntangibleAssetsPolicy","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":"Other Intangibles, net
\n\u00a0
\nOther intangibles consist of definite-lived intangible assets (such as investment in licenses, customer lists, and others) and indefinite-lived intangible assets (such as acquired trade names and trademarks). The cost of definite-lived intangible assets is amortized to reflect the pattern of economic benefits consumed, over the estimated periods benefited, ranging from 3 to 16 years, while indefinite-lived intangible assets are not amortized.
\n\u00a0
\n \n \nDefinite-lived intangibles are reviewed for impairment whenever changes in circumstances or events may indicate that the carrying amounts are not recoverable. When such events or changes in circumstances occur, a recoverability test is performed comparing projected undiscounted cash flows from the use and eventual disposition of an asset or asset group to its carrying value. If the projected undiscounted cash flows are less than the carrying value, then an impairment charge would be recorded for the excess of the carrying value over the fair value, which is determined by discounting future cash flows.
\n\u00a0
\nThe Company tests indefinite-lived intangible assets for impairment at least annually, during the fourth quarter, or whenever changes in circumstances or events may indicate that the carrying amounts are not recoverable. In applying the impairment test, the Company has the option to perform a qualitative test (also known as \u201cStep 0\u201d) or a quantitative test. Under the Step 0 test, the Company assesses qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired. Qualitative factors may include, but are not limited to economic conditions, industry and market considerations, cost factors, financial performance, legal and other entity and asset specific events. If, after assessing these qualitative factors, the Company determines it is \u201cmore-likely-than-not\u201d that the indefinite-lived intangible asset is impaired, then performing the quantitative test is necessary. The quantitative impairment test for indefinite-lived intangible assets encompasses calculating a fair value of an indefinite-lived intangible asset and comparing the fair value to its carrying value. If the carrying value exceeds the fair value, impairment is recognized for the difference. To determine fair value of other indefinite-lived intangible assets, the Company uses an income approach, the relief-from-royalty method. This method assumes that, in lieu of ownership, a third party would be willing to pay a royalty in order to obtain the rights to use the comparable asset. Other indefinite-lived intangible assets\u2019 fair values require significant judgments in determining both the assets\u2019 estimated cash flows as well as the appropriate discount and royalty rates applied to those cash flows to determine fair value.
\n\u00a0
\nDuring fiscal years 2021 and 2020, the Company performed a Step 0 analysis and determined that it was not \u201cmore likely than not\u201d that the fair values of the indefinite-lived intangibles were less than their carrying amounts. During fiscal year 2019, the Company performed a quantitative test, which determined that the estimated fair value of the Company's intangibles exceeded their respective carrying value in all material respects. Future changes in the estimates and assumptions above could materially affect the results of our reviews for impairment of intangibles.
"}]},{"name":"rpt:f-481","factDimensions":{"xbrl:concept":"us-gaap:FiniteLivedIntangibleAssetUsefulLife","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869","srt:RangeAxis":"srt:MinimumMember"},"factValues":[{"value":"P3Y"}]},{"name":"rpt:f-482","factDimensions":{"xbrl:concept":"us-gaap:FiniteLivedIntangibleAssetUsefulLife","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869","srt:RangeAxis":"srt:MaximumMember"},"factValues":[{"value":"P16Y"}]},{"name":"rpt:f-483","factDimensions":{"xbrl:concept":"us-gaap:BusinessCombinationsPolicy","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":"Business Combinations
\n\u00a0
\nThe Company accounts for business combinations in accordance with ASC Topic 805, which requires, among other things, the acquiring entity in a business combination to recognize the fair value of all the assets acquired and liabilities assumed; the recognition of acquisition-related costs in the consolidated results of operations; the recognition of restructuring costs in the consolidated results of operations for which the acquirer becomes obligated after the acquisition date; and contingent purchase consideration to be recognized at their fair values on the acquisition date with subsequent adjustments recognized in the consolidated results of operations. The fair values assigned to identifiable intangible assets acquired are determined primarily by using an income approach, which is based on assumptions and estimates made by management. Significant assumptions utilized in the income approach are based on company specific information and projections which are not observable in the market and are therefore considered Level 3 measurements. The excess of the purchase price over the fair value of the identified assets and liabilities is recorded as goodwill. Operating results of the acquired entity are reflected in the Company\u2019s consolidated financial statements from date of acquisition.
"}]},{"name":"rpt:f-484","factDimensions":{"xbrl:concept":"us-gaap:DeferredChargesPolicyTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":"Deferred Catalog Costs
\n\u00a0
\nThe Company capitalizes the costs of producing and distributing its catalogs. Starting in fiscal 2019, with the adoption of ASU No. 2014-09 (see below), these costs are expensed upon mailing, instead of being amortized in direct proportion to actual sales. Included within prepaid and other current assets was $2.7 million and $3.0 million at June 27, 2021 and June 28, 2020 respectively, relating to prepaid catalog expenses.
"}]},{"name":"rpt:f-485","factDimensions":{"xbrl:concept":"flws:PrepaidCatalogExpensesCurrent","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"2700000","decimals":-5}]},{"name":"rpt:f-486","factDimensions":{"xbrl:concept":"flws:PrepaidCatalogExpensesCurrent","xbrl:period":"2019-07-01T00:00:00/2020-06-29T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"3000000.0","decimals":-6}]},{"name":"rpt:f-487","factDimensions":{"xbrl:concept":"us-gaap:InvestmentPolicyTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":"Investments
\n\u00a0
\nEquity investments without a readily determinable fair value
\n\u00a0
\nInvestments in non-marketable equity instruments of private companies, where the Company does not possess the ability to exercise significant influence, are accounted for at cost, less impairment (assessed qualitatively at each reporting period), adjusted for observable price changes from orderly transactions for identical or similar investments of the same issuer. These investments are included within \u201cOther assets\u201d in the Company\u2019s consolidated balance sheets. The aggregate carrying amount of the Company\u2019s cost method investments was $4.6 million as of June 27, 2021 and $2.8 million as of June 28, 2020.\u00a0
\n\u00a0
\n \n \nEquity investments with a readily determinable fair value
\n\u00a0
\nThe Company also holds certain trading securities associated with its Non-Qualified Deferred Compensation Plan (\u201cNQDC Plan\u201d). These investments are measured using quoted market prices at the reporting date and are included within the \u201cOther assets\u201d line item in the consolidated balance sheets (see\u00a0Note 10\u00a0-\u00a0Fair Value Measurements).
"}]},{"name":"rpt:f-488","factDimensions":{"xbrl:concept":"us-gaap:CostMethodInvestments","xbrl:period":"2021-06-28T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"4600000","decimals":-5}]},{"name":"rpt:f-489","factDimensions":{"xbrl:concept":"us-gaap:CostMethodInvestments","xbrl:period":"2020-06-29T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"2800000","decimals":-5}]},{"name":"rpt:f-490","factDimensions":{"xbrl:concept":"us-gaap:ConcentrationRiskCreditRisk","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":"Concentration of Credit Risk
\n\u00a0
\nFinancial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents and accounts receivable. The Company maintains cash and cash equivalents with high quality financial institutions. Concentration of credit risk with respect to accounts receivable is limited due to the Company's large number of customers and their dispersion throughout the United States, and the fact that a substantial portion of receivables are related to balances owed by major credit card companies. Allowances relating to consumer, corporate and franchise accounts receivable ($4.0 million at June 27, 2021 and $5.7 million at June 28, 2020) have been recorded based upon previous experience and management\u2019s evaluation.
"}]},{"name":"rpt:f-491","factDimensions":{"xbrl:concept":"us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent","xbrl:period":"2021-06-28T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"4000000.0","decimals":-6}]},{"name":"rpt:f-492","factDimensions":{"xbrl:concept":"us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent","xbrl:period":"2020-06-29T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"5700000","decimals":-5}]},{"name":"rpt:f-493","factDimensions":{"xbrl:concept":"us-gaap:RevenueRecognitionPolicyTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":"Revenue Recognition
\n\u00a0
\nNet revenue is measured based on the amount of consideration that we expect to receive, reduced by discounts and estimates for credits and returns (calculated based upon previous experience and management\u2019s evaluation). Service and outbound shipping charged to customers are recognized at the time the related merchandise revenues are recognized and are included in net revenues. Inbound and outbound shipping and delivery costs are included in cost of revenues. Net revenues exclude sales and other similar taxes collected from customers.
\n\u00a0
\nA description of our principal revenue generating activities is as follows:
\n| \u00a0 | - | E-commerce revenues - consumer products sold through our online and telephonic channels. Revenue is recognized when control of the merchandise is transferred to the customer, which generally occurs upon shipment. Payment is typically due prior to the date of shipment. |
| \u00a0 | - | Retail revenues - consumer products sold through our retail stores. Revenue is recognized when control of the goods is transferred to the customer, at the point of sale, at which time payment is received. |
| \u00a0 | - | Wholesale revenues - products sold to our wholesale customers for subsequent resale. Revenue is recognized when control of the goods is transferred to the customer, in accordance with the terms of the applicable agreement. Payment terms are typically 30 days from the date control over the product is transferred to the customer. |
| \u00a0 | - | BloomNet Services - membership fees as well as other service offerings to florists. Membership and other subscription-based fees are recognized monthly as earned. Services revenues related to orders sent through the floral network are variable, based on either the number of orders or the value of orders, and are recognized in the period in which the orders are delivered. The contracts within BloomNet Services are typically month-to-month and as a result no consideration allocation is necessary across multiple reporting periods. Payment is typically due less than 30 days from the date the services were performed.\u00a0 |
\u00a0
\nDeferred Revenues
\n\u00a0
\nDeferred revenues are recorded when the Company has received consideration (i.e., advance payment) before satisfying its performance obligations. As such, customer orders are recorded as deferred revenue prior to shipment or rendering of product or services. Deferred revenues primarily relate to e-commerce orders placed, but not shipped, prior to the end of the fiscal period, as well as for monthly subscription programs, including our Fruit of the Month Club\u00ae\u00a0and Celebrations Passport\u00ae program.
\n\u00a0
\nOur total deferred revenue as of June 28, 2020 was $25.9 million (included in \u201cAccrued expenses\u201d on our consolidated balance sheets), of which, $25.9 million was recognized as revenue during the year ended June 27, 2021. The deferred revenue balance as of June 27, 2021 was $33.4 million.
"}]},{"name":"rpt:f-494","factDimensions":{"xbrl:concept":"us-gaap:ContractWithCustomerLiabilityCurrent","xbrl:period":"2020-06-29T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"25900000","decimals":-5}]},{"name":"rpt:f-495","factDimensions":{"xbrl:concept":"us-gaap:ContractWithCustomerLiabilityRevenueRecognized","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"25900000","decimals":-5}]},{"name":"rpt:f-496","factDimensions":{"xbrl:concept":"us-gaap:ContractWithCustomerLiabilityCurrent","xbrl:period":"2021-06-28T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"33400000","decimals":-5}]},{"name":"rpt:f-497","factDimensions":{"xbrl:concept":"us-gaap:CostOfSalesPolicyTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":"Cost of Revenues
\n\u00a0
\nCost of revenues consists primarily of florist fulfillment costs (fees paid directly to florists), the cost of floral and non-floral merchandise sold from inventory or through third parties, and associated costs, including inbound and outbound shipping charges. Additionally, cost of revenues includes labor and facility costs related to manufacturing and production operations.
"}]},{"name":"rpt:f-498","factDimensions":{"xbrl:concept":"us-gaap:SellingGeneralAndAdministrativeExpensesPolicyTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":"Marketing and Sales
\n\u00a0
\nMarketing and sales expense consists primarily of advertising expenses, catalog costs, online portal and search expenses, retail store and fulfillment operations (other than costs included in cost of revenues), and customer service center expenses, as well as the operating expenses of the Company\u2019s departments engaged in marketing, selling and merchandising activities.
\n\u00a0
\nThe Company expenses all advertising costs, with the exception of catalog costs (see Deferred Catalog Costs above), at the time the advertisement is first shown. Advertising expense was $307.9 million, $171.4 million and $147.8 million for the years ended June 27, 2021, June 28, 2020 and June 30, 2019, respectively.
"}]},{"name":"rpt:f-499","factDimensions":{"xbrl:concept":"us-gaap:AdvertisingExpense","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"307900000","decimals":-5}]},{"name":"rpt:f-500","factDimensions":{"xbrl:concept":"us-gaap:AdvertisingExpense","xbrl:period":"2019-07-01T00:00:00/2020-06-29T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"171400000","decimals":-5}]},{"name":"rpt:f-501","factDimensions":{"xbrl:concept":"us-gaap:AdvertisingExpense","xbrl:period":"2018-07-02T00:00:00/2019-07-01T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"147800000","decimals":-5}]},{"name":"rpt:f-502","factDimensions":{"xbrl:concept":"us-gaap:ResearchDevelopmentAndComputerSoftwarePolicyTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":"Technology and Development
\n\u00a0
\nTechnology and development expense consists primarily of payroll and operating expenses of the Company\u2019s information technology group, costs associated with its websites, including hosting, content development and maintenance and support costs related to the Company\u2019s order entry, customer service, fulfillment and database systems. Costs associated with the acquisition or development of software for internal use are capitalized if the software is expected to have a useful life beyond one year and amortized over the software\u2019s useful life, typically to years. Costs associated with repair maintenance or the development of website content are expensed as incurred, as the useful lives of such software modifications are less than one year.
"}]},{"name":"rpt:f-503","factDimensions":{"xbrl:concept":"us-gaap:ShareBasedCompensationOptionAndIncentivePlansPolicy","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":"Stock-Based Compensation
\n\u00a0
\nThe Company records compensation expense associated with restricted stock awards and other forms of equity compensation based upon the fair value of stock-based awards as measured at the grant date. The cost associated with share-based awards that are subject solely to time-based vesting requirements is recognized over the awards\u2019 service period for the entire award on a straight-line basis. The cost associated with performance-based equity awards is recognized for each tranche over the service period, based on an assessment of the likelihood that the applicable performance goals will be achieved.
"}]},{"name":"rpt:f-504","factDimensions":{"xbrl:concept":"us-gaap:DerivativesPolicyTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":"Derivatives and Hedging
\n\u00a0
\nThe Company does not enter into derivative transactions for trading purposes, but rather, on occasion to manage its exposure to interest rate fluctuations. When entering into these transactions, the Company has periodically managed its floating rate debt using interest rate swaps in order to reduce its exposure to the impact of changing interest rates on its consolidated results of operations and future cash outflows for interest. The Company did not have any open derivative positions at June 27, 2021 and June 28, 2020.
"}]},{"name":"rpt:f-505","factDimensions":{"xbrl:concept":"us-gaap:IncomeTaxPolicyTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":"Income Taxes
\n\u00a0
\nThe Company uses the asset and liability method to account for income taxes. The Company has established deferred tax assets and liabilities for temporary differences between the financial reporting bases and the income tax bases of its assets and liabilities at enacted tax rates expected to be in effect when such assets or liabilities are realized or settled. The Company recognizes as a deferred tax asset, the tax benefits associated with losses related to operations. Realization of these deferred tax assets assumes that we will be able to generate sufficient future taxable income so that these assets will be realized. The factors that the Company considers in assessing the likelihood of realization include the forecast of future taxable income and available tax planning strategies that could be implemented to realize the deferred tax assets.
\n\u00a0
\nThe Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements on a particular tax position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon settlement. The amount of unrecognized tax benefits (\u201cUTBs\u201d) is adjusted as appropriate for changes in facts and circumstances, such as significant amendments to existing tax law, new regulations or interpretations by the taxing authorities, new information obtained during a tax examination, or resolution of an examination. We recognize both accrued interest and penalties, where appropriate, related to UTBs in income tax expense. Assumptions, judgment and the use of estimates are required in determining if the \u201cmore likely than not\u201d standard has been met when developing the provision for income taxes.\u00a0
"}]},{"name":"rpt:f-506","factDimensions":{"xbrl:concept":"us-gaap:EarningsPerSharePolicyTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":"Net Income Per Share
\n\u00a0
\nBasic net income per common share is computed using the weighted-average number of common shares outstanding during the period. Diluted net income per share is computed using the weighted-average number of common and dilutive common equivalent shares (consisting primarily of employee stock options and unvested restricted stock awards) outstanding during the period.
"}]},{"name":"rpt:f-507","factDimensions":{"xbrl:concept":"us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":"Recently Issued Accounting Pronouncements - Adopted
\n\u00a0
\nFinancial Instruments \u2013 Measurement of Credit Losses. In June 2016, the FASB issued ASU No. 2016-13, \u201cFinancial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.\u201d ASU 2016-13 introduces a new forward-looking \u201cexpected loss\u201d approach, to estimate credit losses on most financial assets and certain other instruments, including trade receivables. The estimate of expected credit losses requires entities to incorporate considerations of historical information, current information and reasonable and supportable forecasts. This ASU also expands the disclosure requirements to enable users of financial statements to understand the entity\u2019s assumptions, models and methods for estimating expected credit losses. We adopted ASU 2016-13 for the Company\u2019s fiscal 2021 (quarter ending September 27, 2020), using the modified-retrospective approach. There was no material impact of adopting this guidance on our consolidated financial statements.
\n\u00a0
\nGoodwill \u2013 Impairment Test. In January 2017, the FASB issued ASU No. 2017-04, \"Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment,\" which eliminates step two from the goodwill impairment test. Under ASU 2017-04, an entity should recognize an impairment charge for the amount by which the carrying amount of a reporting unit exceeds its fair value up to the amount of goodwill allocated to that reporting unit. We adopted this guidance for the Company\u2019s fiscal 2021 (quarter ending September 27, 2020), on a prospective basis. There was no material impact of adopting this guidance on our consolidated financial statements.
"}]},{"name":"rpt:f-508","factDimensions":{"xbrl:concept":"flws:COVID19PolicyPolicyTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":"COVID-19
\n\u00a0
\nOn March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (\u201cCARES\u201d) Act was signed into law. The CARES Act provides a substantial stimulus and assistance package intended to address the impact of COVID-19, including tax relief and government loans, grants and investments. The CARES Act did not have a material impact on the Company\u2019s consolidated financial statements during the years ended June 27, 2021 and June 28, 2020.
\n\u00a0
\nThe Company is closely monitoring the impact of COVID-19 on its business, including how it will affect its customers, workforce, suppliers, vendors, franchisees, florists, and production and distribution channels, as well as its financial statements. The extent to which COVID-19 impacts the Company\u2019s business and financial results will depend on numerous evolving factors, including, but not limited to: the magnitude and duration of COVID-19, the extent to which it will impact macroeconomic conditions, including interest rates, employment rates and consumer confidence, the speed of the anticipated recovery, and governmental, business and individual consumer reactions to the pandemic. The Company assessed certain accounting matters that generally require consideration of forecasted financial information in context with the information reasonably available to the Company and the unknown future impacts of COVID-19 as of June 27, 2021 and through the date of this report. The accounting matters assessed included, but were not limited to, the Company\u2019s allowance for doubtful accounts and credit losses, inventory and related reserves and the carrying value of goodwill and other long-lived assets. While there was not a material impact to the Company\u2019s consolidated financial statements as of and for the years ended June 27, 2021, and June 28, 2020, the Company\u2019s future assessment of these factors and the evolving factors described above, could result in material impacts to the Company\u2019s consolidated financial statements in future reporting periods.\u00a0\u00a0
"}]},{"name":"rpt:f-509","factDimensions":{"xbrl:concept":"us-gaap:PriorPeriodReclassificationAdjustmentDescription","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":"Reclassifications
\n\u00a0
\nCertain balances in the prior fiscal years have been reclassified to conform to the presentation in the current fiscal year.\u00a0
"}]},{"name":"rpt:f-510","factDimensions":{"xbrl:concept":"us-gaap:EarningsPerShareTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":" \nNote 3 \u2013 Net Income Per Common Share
\n\u00a0
\nThe following table sets forth the computation of basic and diluted net income:
\n\u00a0
\n \n| \u00a0 | \u00a0 | Years Ended | \u00a0 | |||||||||
| \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | \u00a0 | June 30, 2019 | \u00a0 | |||
| \u00a0 | \u00a0 | (in thousands, except per share data) | \u00a0 | |||||||||
| Numerator: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Net income | \u00a0 | $ | 118,652 | \u00a0 | \u00a0 | $ | 58,998 | \u00a0 | \u00a0 | $ | 34,766 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Denominator: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Weighted average shares outstanding | \u00a0 | \u00a0 | 64,739 | \u00a0 | \u00a0 | \u00a0 | 64,463 | \u00a0 | \u00a0 | \u00a0 | 64,342 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Effect of dilutive securities: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Employee stock options | \u00a0 | \u00a0 | 727 | \u00a0 | \u00a0 | \u00a0 | 1,042 | \u00a0 | \u00a0 | \u00a0 | 1,404 | \u00a0 |
| Employee restricted stock awards | \u00a0 | \u00a0 | 1,080 | \u00a0 | \u00a0 | \u00a0 | 903 | \u00a0 | \u00a0 | \u00a0 | 711 | \u00a0 |
| Total effect of dilutive securities | \u00a0 | \u00a0 | 1,807 | \u00a0 | \u00a0 | \u00a0 | 1,945 | \u00a0 | \u00a0 | \u00a0 | 2,115 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Adjusted weighted-average shares and assumed conversions | \u00a0 | \u00a0 | 66,546 | \u00a0 | \u00a0 | \u00a0 | 66,408 | \u00a0 | \u00a0 | \u00a0 | 66,457 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Net income per common share: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Basic | \u00a0 | $ | 1.83 | \u00a0 | \u00a0 | $ | 0.92 | \u00a0 | \u00a0 | $ | 0.54 | \u00a0 |
| Diluted | \u00a0 | $ | 1.78 | \u00a0 | \u00a0 | $ | 0.89 | \u00a0 | \u00a0 | $ | 0.52 | \u00a0 |
\u00a0
\n \n "}]},{"name":"rpt:f-511","factDimensions":{"xbrl:concept":"us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":" \n| \u00a0 | \u00a0 | Years Ended | \u00a0 | |||||||||
| \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | \u00a0 | June 30, 2019 | \u00a0 | |||
| \u00a0 | \u00a0 | (in thousands, except per share data) | \u00a0 | |||||||||
| Numerator: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Net income | \u00a0 | $ | 118,652 | \u00a0 | \u00a0 | $ | 58,998 | \u00a0 | \u00a0 | $ | 34,766 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Denominator: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Weighted average shares outstanding | \u00a0 | \u00a0 | 64,739 | \u00a0 | \u00a0 | \u00a0 | 64,463 | \u00a0 | \u00a0 | \u00a0 | 64,342 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Effect of dilutive securities: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Employee stock options | \u00a0 | \u00a0 | 727 | \u00a0 | \u00a0 | \u00a0 | 1,042 | \u00a0 | \u00a0 | \u00a0 | 1,404 | \u00a0 |
| Employee restricted stock awards | \u00a0 | \u00a0 | 1,080 | \u00a0 | \u00a0 | \u00a0 | 903 | \u00a0 | \u00a0 | \u00a0 | 711 | \u00a0 |
| Total effect of dilutive securities | \u00a0 | \u00a0 | 1,807 | \u00a0 | \u00a0 | \u00a0 | 1,945 | \u00a0 | \u00a0 | \u00a0 | 2,115 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Adjusted weighted-average shares and assumed conversions | \u00a0 | \u00a0 | 66,546 | \u00a0 | \u00a0 | \u00a0 | 66,408 | \u00a0 | \u00a0 | \u00a0 | 66,457 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Net income per common share: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Basic | \u00a0 | $ | 1.83 | \u00a0 | \u00a0 | $ | 0.92 | \u00a0 | \u00a0 | $ | 0.54 | \u00a0 |
| Diluted | \u00a0 | $ | 1.78 | \u00a0 | \u00a0 | $ | 0.89 | \u00a0 | \u00a0 | $ | 0.52 | \u00a0 |
\u00a0
\nAcquisition of PersonalizationMall
\n\u00a0
\nOn February 14, 2020, 1-800-Flowers.com, Inc., 800-Flowers, Inc., a wholly-owned subsidiary of 1-800-Flowers.com, Inc. (the \u201cPurchaser\u201d), PersonalizationMall.com, LLC (\"PersonalizationMall\"), and Bed Bath & Beyond Inc. (\u201cSeller\u201d), entered into an Equity Purchase Agreement (the \u201cPurchase Agreement\u201d) pursuant to which Seller agreed to sell to the Purchaser, and the Purchaser agreed to purchase from Seller, all of the issued and outstanding membership interests of PersonalizationMall for $252.0 million in cash (subject to certain working capital and other adjustments). On July 20, 2020, Purchaser, PersonalizationMall, and Seller entered into an amendment (the \u201cAmendment\u201d) to the Purchase Agreement to, among other things, amend the purchase price to $245.0 million (subject to certain working capital and other adjustments). On August 3, 2020, the Company completed its acquisition of PersonalizationMall, including its newly renovated, leased 360,000 square foot, state-of-the-art production and distribution facility, as well as customer database, tradenames and website. After working capital and related adjustments, total consideration paid was approximately $250.9 million.
\n\u00a0
\nThe total purchase price was allocated to the identifiable assets acquired and liabilities assumed based on our preliminary estimates of their fair values on the acquisition date. The fair values assigned to PersonalizationMall\u2019s tangible and intangible assets and liabilities assumed were considered preliminary and were based on the information that was available as of the date of the acquisition.\u00a0As of June 27, 2021, the Company has finalized its allocation\u00a0and this resulted in immaterial adjustments to the carrying value of the respective recorded assets and the determination of the residual amount that was allocated to goodwill.\u00a0
\n\u00a0
\n \n \nThe following table summarizes the allocation of the purchase price to the estimated fair values of assets acquired and liabilities assumed:
\n\u00a0
\n\u00a0
\n \n| \u00a0 | \u00a0 | PersonalizationMall\u2019s Preliminary Purchase Price Allocation | \u00a0 | \u00a0 | Measurement Period | \u00a0 | \u00a0 | PersonalizationMall\u2019s Final Purchase Price Allocation | \u00a0 | |||
| \u00a0 | \u00a0 | August 3, 2020 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | ||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||||||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Assets Acquired: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Inventories | \u00a0 | $ | 16,998 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | 16,998 | \u00a0 |
| Other assets | \u00a0 | \u00a0 | 5,216 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 5,215 | \u00a0 | |
| Property, plant and equipment, net | \u00a0 | \u00a0 | 30,792 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 30,792 | \u00a0 |
| Operating lease right-of-use assets | \u00a0 | \u00a0 | 21,438 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 21,438 | \u00a0 |
| Goodwill | \u00a0 | \u00a0 | 133,337 | \u00a0 | \u00a0 | \u00a0 | 102 | \u00a0 | \u00a0 | \u00a0 | 133,439 | \u00a0 |
| Other intangibles, net | \u00a0 | \u00a0 | 76,000 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 76,000 | \u00a0 |
| Total assets acquired | \u00a0 | $ | 283,781 | \u00a0 | \u00a0 | $ | 101 | \u00a0 | \u00a0 | $ | 283,882 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Liabilities assumed: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Accounts payable and accrued expenses | \u00a0 | $ | 11,400 | \u00a0 | \u00a0 | $ | 102 | \u00a0 | \u00a0 | $ | 11,502 | \u00a0 |
| Operating lease liabilities | \u00a0 | \u00a0 | 21,438 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 21,438 | \u00a0 |
| Total liabilities assumed | \u00a0 | $ | 32,838 | \u00a0 | \u00a0 | $ | 102 | \u00a0 | \u00a0 | $ | 32,940 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Net assets acquired | \u00a0 | $ | 250,943 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | 250,942 | \u00a0 |
\u00a0
\n| (1) The measurement period adjustments did not have a significant impact on the Company\u2019s condensed consolidated statements of income for the year ended June 27, 2021. | \u00a0 |
\u00a0
\nThe determination of the fair values of the acquired assets and assumed liabilities (and the related determination of estimated lives of depreciable tangible and identifiable intangible assets) requires significant judgment. The estimates and assumptions include the projected timing and amount of future cash flows and discount rates reflecting risk inherent in the future cash flows.
\n\u00a0
\nAcquired inventory, consisting of raw materials and supplies, was valued at book value, as there have not been any significant price fluctuations or other events that would materially change the cost to replace the raw materials.
\n\u00a0
\nProperty, plant and equipment was valued at book value (cost less accumulated depreciation and amortization), due to the nature of the assets, which included recently acquired production equipment and leasehold improvements for\u00a0PersonalizationMall's production facility,\u00a0which became operational in September 2019.
\n\u00a0
\nBased on the valuation as of August 3, 2020, of the acquired intangible assets, $11.0 million was assigned to customer lists (4 years life), $65.0 million was assigned to tradenames (indefinite life), and the residual amount of $133.4 million was allocated to goodwill (indefinite life and deductible for tax purposes). The goodwill recognized in conjunction with the Purchaser\u2019s acquisition of PersonalizationMall is primarily related to synergistic value created in terms of both operating costs and revenue growth opportunities, enhanced financial and operational scale, and other strategic benefits. It also includes certain other intangible assets that do not qualify for separate recognition, such as an assembled workforce.
\n\u00a0
\nThe estimated fair value of the acquired trade names was determined using the relief from royalty method, which is a risk-adjusted discounted cash flow approach. The relief from royalty method values an intangible asset by estimating the royalties saved through ownership of the asset. The relief from royalty method requires identifying the future revenue that would be generated by the trademark, multiplying it by a royalty rate deemed to be avoided through ownership of the asset and discounting the projected royalty savings amounts back to the acquisition date. The royalty rate used in the valuation was based on a consideration of market rates for similar categories of assets. The discount rate used in the valuation was based on PersonalizationMall's weighted average cost of capital, the riskiness of the earnings stream association with the trademarks and the overall composition of the acquired assets.
\n\u00a0
\n \n \nThe estimated fair value of the acquired customer lists was determined using the excess earnings method under the income approach. This method requires identifying the future revenue that would be generated by existing customers at the time of the acquisition, considering an appropriate attrition rate based on the historical experience of the Company. Appropriate expenses are then deducted from the revenues and economic rents are charged for the return on contributory assets. The after-tax cash flows attributable to the asset are discounted back to their net present value at an appropriate intangible asset rate of return and summed to calculate the value of the customer lists.
\n\u00a0
\nAs required by ASC 805, \u201cBusiness Combinations,\u201d the following unaudited pro forma financial information for the year ended June 27, 2021 and June 28, 2020, give effect to the PersonalizationMall acquisition as if it had been completed on July 1, 2019. The unaudited pro forma financial information is prepared by management for informational purposes only in accordance with ASC 805 and is not necessarily indicative of or intended to represent the results that would have been achieved had the acquisition been consummated as of the dates presented, and should not be taken as representative of future consolidated results of operations. The unaudited pro forma financial information does not reflect any operating efficiencies and/or cost savings that the Company may achieve with respect to the combined companies. The pro forma information has been adjusted to give effect to nonrecurring items that are directly attributable to the acquisition.
\n\u00a0
\n \n| \u00a0 | \u00a0 | Year ended June 27, 2021 | \u00a0 | \u00a0 | Year ended June 28, 2020 | \u00a0 | ||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||
| Net Revenues | \u00a0 | $ | 2,138,238 | \u00a0 | \u00a0 | $ | 1,635,424 | \u00a0 |
| Net Income | \u00a0 | \u00a0 | 125,213 | \u00a0 | \u00a0 | \u00a0 | 63,871 | \u00a0 |
\u00a0
\nThe unaudited pro forma amounts above include the following adjustments:
\n\u00a0
\n| \u00a0 | -\u00a0\u00a0 | A decrease of operating expenses by $5.4 and $2.7 million during the years ended June 27, 2021 and June 28, 2020, respectively, to eliminate transaction and litigation costs directly related to the transaction that do not have a continuing impact on operating results.\u00a0 |
| \u00a0 | - | An increase of operating expenses by $0.2 million during the year ended\u00a0 June 27, 2021 and $2.8 million during the year ended June 28, 2020, respectively,\u00a0to reflect the additional amortization expense related to the increase in definite lived intangible assets.\u00a0 |
| \u00a0 | -\u00a0 | An increase in interest expense of $0.6 million during the year ended June 27, 2021 and $4.1 million during the year ended June 28, 2020, respectively, which is comprised of incremental interest and amortization of deferred financing costs associated with the New Term Loan (as defined below). The interest rate used for the purposes of these pro forma statements, of 3.5%, was the rate in effect at loan inception.\u00a0\u00a0 |
| \u00a0 | -\u00a0 | The combined pro forma results were tax effected using the Company's effective tax rate for the respective periods. |
\u00a0
\nNet revenue attributable to PersonalizationMall, included within the year ended June 27, 2021, was $236.0 million, and corresponding operating income during the period, excluding litigation and transaction costs, was $34.7 million.
\n\u00a0
\nAcquisition of Shari\u2019s Berries
\n\u00a0
\nOn August 14, 2019, the Company completed its acquisition of the Shari\u2019s Berries business (\"Shari's Berries\"), a leading provider of dipped berries and other specialty treats, through a bankruptcy proceeding of certain assets of the gourmet food business of the FTD Companies, Inc. The transaction, for a purchase price of $20.5 million, included the Shari\u2019s Berries domain names, copyrights, trademarks, customer data, phone numbers and other intellectual property, as well as certain raw material inventory and the assumption of specified liabilities.
\n\u00a0
\nDuring the quarter ended June 28, 2020, the Company finalized the allocation of the purchase price to the identifiable assets acquired and liabilities assumed based on its estimates of their fair values on the acquisition date. Of the acquired intangible assets, $0.6 million was assigned to customer lists, which is being amortized over the estimated remaining life of 2 years, $6.9 million was assigned to tradenames, and $12.1 million was assigned to goodwill, which is expected to be deductible for tax purposes. The goodwill recognized in conjunction with our acquisition of Shari\u2019s Berries is primarily related to synergistic value created in terms of both operating costs and revenue growth opportunities, enhanced financial and operational scale, and other strategic benefits.
\n\u00a0
\n \n \nThe following table summarizes the allocation of the purchase price to the estimated fair values of assets acquired and liabilities assumed at the date of the acquisition:
\n\u00a0
\n \n| \u00a0 | \u00a0 | Shari\u2019s Berries Purchase Price | \u00a0 | |
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |
| Current assets | \u00a0 | $ | 1,029 | \u00a0 |
| Intangible assets | \u00a0 | \u00a0 | 7,540 | \u00a0 |
| Goodwill | \u00a0 | \u00a0 | 12,121 | \u00a0 |
| Total assets acquired | \u00a0 | \u00a0 | 20,690 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Current liabilities | \u00a0 | \u00a0 | 190 | \u00a0 |
| Net assets acquired | \u00a0 | $ | 20,500 | \u00a0 |
\u00a0
\nRaw materials inventory was valued at book value, as there have not been any significant price fluctuations or other events that would materially change the cost to replace the raw materials.
\n\u00a0
\nThe estimated fair value of the acquired tradenames was determined using the relief from royalty method, which is a risk-adjusted discounted cash flow approach. The relief from royalty method values an intangible asset by estimating the royalties saved through ownership of the asset. The relief from royalty method requires identifying the future revenue that would be generated by the trademark, multiplying it by a royalty rate deemed to be avoided through ownership of the asset and discounting the projected royalty savings amounts back to the acquisition date. The royalty rate used in the valuation was based on a consideration of market rates for similar categories of assets. The discount rate used in the valuation was based on the Company\u2019s weighted average cost of capital, the riskiness of the earnings stream associated\u00a0with the trademarks and the overall composition of the acquired assets.
\n\u00a0
\nThe estimated fair value of the acquired customer lists was determined using the excess earnings method under the income approach. This method requires identifying the future revenue that would be generated by existing customers at the time of the acquisition, considering an appropriate attrition rate based on the historical experience of the Company. Appropriate expenses are then deducted from the revenues and economic rents are charged for the return on contributory assets. The after-tax cash flows attributable to the asset are discounted back to their net present value at an appropriate intangible asset rate of return and summed to calculate the value of the customer lists.
\n\u00a0
\nOperating results of the Shari\u2019s Berries brand are reflected in the Company\u2019s consolidated financial statements from the date of acquisition, within the Gourmet Foods & Gift Baskets segment. Pro forma results of operations have not been presented, as the impact on the Company\u2019s consolidated financial results would not have been material.
\n "}]},{"name":"rpt:f-537","factDimensions":{"xbrl:concept":"flws:BusinessCombinationContractPurchasePrice","xbrl:period":"2020-02-15T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD","us-gaap:BusinessAcquisitionAxis":"flws:PersonalizationMallMember"},"factValues":[{"value":"252000000.0","decimals":-6}]},{"name":"rpt:f-538","factDimensions":{"xbrl:concept":"flws:BusinessCombinationContractPurchasePrice","xbrl:period":"2020-07-21T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD","us-gaap:BusinessAcquisitionAxis":"flws:PersonalizationMallMember"},"factValues":[{"value":"245000000.0","decimals":-6}]},{"name":"rpt:f-539","factDimensions":{"xbrl:concept":"us-gaap:AreaOfRealEstateProperty","xbrl:period":"2020-08-04T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"utr:sqft","us-gaap:BusinessAcquisitionAxis":"flws:PersonalizationMallMember","us-gaap:LeaseContractualTermAxis":"flws:StateOfTheArtProductionAndDistributionFacilityMember"},"factValues":[{"value":"360000"}]},{"name":"rpt:f-540","factDimensions":{"xbrl:concept":"us-gaap:BusinessCombinationConsiderationTransferred1","xbrl:period":"2020-08-03T00:00:00/2020-08-04T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD","us-gaap:BusinessAcquisitionAxis":"flws:PersonalizationMallMember"},"factValues":[{"value":"250900000","decimals":-5}]},{"name":"rpt:f-541","factDimensions":{"xbrl:concept":"us-gaap:ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":" \n| \u00a0 | \u00a0 | PersonalizationMall\u2019s Preliminary Purchase Price Allocation | \u00a0 | \u00a0 | Measurement Period | \u00a0 | \u00a0 | PersonalizationMall\u2019s Final Purchase Price Allocation | \u00a0 | |||
| \u00a0 | \u00a0 | August 3, 2020 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | ||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||||||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Assets Acquired: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Inventories | \u00a0 | $ | 16,998 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | 16,998 | \u00a0 |
| Other assets | \u00a0 | \u00a0 | 5,216 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 5,215 | \u00a0 | |
| Property, plant and equipment, net | \u00a0 | \u00a0 | 30,792 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 30,792 | \u00a0 |
| Operating lease right-of-use assets | \u00a0 | \u00a0 | 21,438 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 21,438 | \u00a0 |
| Goodwill | \u00a0 | \u00a0 | 133,337 | \u00a0 | \u00a0 | \u00a0 | 102 | \u00a0 | \u00a0 | \u00a0 | 133,439 | \u00a0 |
| Other intangibles, net | \u00a0 | \u00a0 | 76,000 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 76,000 | \u00a0 |
| Total assets acquired | \u00a0 | $ | 283,781 | \u00a0 | \u00a0 | $ | 101 | \u00a0 | \u00a0 | $ | 283,882 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Liabilities assumed: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Accounts payable and accrued expenses | \u00a0 | $ | 11,400 | \u00a0 | \u00a0 | $ | 102 | \u00a0 | \u00a0 | $ | 11,502 | \u00a0 |
| Operating lease liabilities | \u00a0 | \u00a0 | 21,438 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 21,438 | \u00a0 |
| Total liabilities assumed | \u00a0 | $ | 32,838 | \u00a0 | \u00a0 | $ | 102 | \u00a0 | \u00a0 | $ | 32,940 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Net assets acquired | \u00a0 | $ | 250,943 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | 250,942 | \u00a0 |
| \u00a0 | \u00a0 | Shari\u2019s Berries Purchase Price | \u00a0 | |
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |
| Current assets | \u00a0 | $ | 1,029 | \u00a0 |
| Intangible assets | \u00a0 | \u00a0 | 7,540 | \u00a0 |
| Goodwill | \u00a0 | \u00a0 | 12,121 | \u00a0 |
| Total assets acquired | \u00a0 | \u00a0 | 20,690 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Current liabilities | \u00a0 | \u00a0 | 190 | \u00a0 |
| Net assets acquired | \u00a0 | $ | 20,500 | \u00a0 |
| \u00a0 | \u00a0 | Year ended June 27, 2021 | \u00a0 | \u00a0 | Year ended June 28, 2020 | \u00a0 | ||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||
| Net Revenues | \u00a0 | $ | 2,138,238 | \u00a0 | \u00a0 | $ | 1,635,424 | \u00a0 |
| Net Income | \u00a0 | \u00a0 | 125,213 | \u00a0 | \u00a0 | \u00a0 | 63,871 | \u00a0 |
\u00a0
\nThe Company\u2019s inventory, stated at cost, which is not in excess of market, includes purchased and manufactured finished goods for sale, packaging supplies, crops, raw material ingredients for manufactured products and associated manufacturing labor and is classified as follows:
\n\u00a0
\n \n| \u00a0 | \n\u00a0 | \n June 27, 2021 | \n \u00a0 | \n\u00a0 | \n June 28, 2020 | \n \u00a0 | \n||
| \u00a0 | \n\u00a0 | \n (in thousands) | \n \u00a0 | \n|||||
| \u00a0 | \n\u00a0 | \n\u00a0 | \n\u00a0 | \n\u00a0 | \n\u00a0 | \n\u00a0 | \n\u00a0 | \n\u00a0 | \n
| Finished goods | \n \u00a0 | \n$ | \n72,267 | \n\u00a0 | \n\u00a0 | \n$ | \n35,779 | \n\u00a0 | \n
| Work-in-process | \n \u00a0 | \n\u00a0 | \n19,058 | \n\u00a0 | \n\u00a0 | \n\u00a0 | \n16,536 | \n\u00a0 | \n
| Raw materials | \n \u00a0 | \n\u00a0 | \n62,538 | \n\u00a0 | \n\u00a0 | \n\u00a0 | \n45,445 | \n\u00a0 | \n
| Total inventory | \n \u00a0 | \n$ | \n153,863 | \n\u00a0 | \n\u00a0 | \n$ | \n97,760 | \n\u00a0 | \n
\u00a0
\n \n "}]},{"name":"rpt:f-598","factDimensions":{"xbrl:concept":"us-gaap:ScheduleOfInventoryCurrentTableTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":" \n| \u00a0 | \n\u00a0 | \n June 27, 2021 | \n \u00a0 | \n\u00a0 | \n June 28, 2020 | \n \u00a0 | \n||
| \u00a0 | \n\u00a0 | \n (in thousands) | \n \u00a0 | \n|||||
| \u00a0 | \n\u00a0 | \n\u00a0 | \n\u00a0 | \n\u00a0 | \n\u00a0 | \n\u00a0 | \n\u00a0 | \n\u00a0 | \n
| Finished goods | \n \u00a0 | \n$ | \n72,267 | \n\u00a0 | \n\u00a0 | \n$ | \n35,779 | \n\u00a0 | \n
| Work-in-process | \n \u00a0 | \n\u00a0 | \n19,058 | \n\u00a0 | \n\u00a0 | \n\u00a0 | \n16,536 | \n\u00a0 | \n
| Raw materials | \n \u00a0 | \n\u00a0 | \n62,538 | \n\u00a0 | \n\u00a0 | \n\u00a0 | \n45,445 | \n\u00a0 | \n
| Total inventory | \n \u00a0 | \n$ | \n153,863 | \n\u00a0 | \n\u00a0 | \n$ | \n97,760 | \n\u00a0 | \n
Note 6. Goodwill and Intangible Assets
\n\u00a0
\nThe following table presents goodwill by segment and the related change in the net carrying amount:
\n\u00a0
\n \n| \u00a0 | \u00a0 | Consumer Floral & Gifts | \u00a0 | \u00a0 | BloomNet | \u00a0 | \u00a0 | Gourmet Foods & Gift Baskets | \u00a0 | \u00a0 | Total | \u00a0 | ||||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||||||||||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Balance at June 30, 2019 | \u00a0 | $ | 17,441 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | 45,149 | \u00a0 | \u00a0 | $ | 62,590 | \u00a0 |
| Acquisition of Shari\u2019s Berries | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | \u00a0 | 12,121 | \u00a0 | \u00a0 | \u00a0 | 12,121 | \u00a0 |
| Balance at June 28, 2020 | \u00a0 | $ | 17,441 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | 57,270 | \u00a0 | \u00a0 | $ | 74,711 | \u00a0 |
| Acquisition of PersonalizationMall | \u00a0 | \u00a0 | 133,439 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 133,439 | \u00a0 |
| Balance at June 27, 2021 | \u00a0 | $ | 150,880 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | 57,270 | \u00a0 | \u00a0 | $ | 208,150 | \u00a0 |
\u00a0
\nThere were no goodwill impairment charges in any segment during the years ended June 27, 2021, June 28, 2020 and June 30, 2019, respectively.
\n\u00a0
\nThe Company\u2019s other intangible assets consist of the following:
\n\u00a0
\n \n| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | ||||||||||||||||||
| \u00a0 | \u00a0 | Amortization Period | \u00a0 | \u00a0 | Gross Carrying Amount | \u00a0 | \u00a0 | Accumulated Amortization | \u00a0 | \u00a0 | Net | \u00a0 | \u00a0 | Gross Carrying Amount | \u00a0 | \u00a0 | Accumulated Amortization | \u00a0 | \u00a0 | Net | \u00a0 | ||||||||
| \u00a0 | \u00a0 | (in years) | \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||||||||||||||||||||
| Intangible assets with determinable lives | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Investment in licenses | \u00a0 | 14 | - | 16 | \u00a0 | \u00a0 | $ | 7,420 | \u00a0 | \u00a0 | $ | 6,359 | \u00a0 | \u00a0 | $ | 1,061 | \u00a0 | \u00a0 | $ | 7,420 | \u00a0 | \u00a0 | $ | 6,253 | \u00a0 | \u00a0 | $ | 1,167 | \u00a0 |
| Customer lists | \u00a0 | 3 | - | 10 | \u00a0 | \u00a0 | \u00a0 | 23,825 | \u00a0 | \u00a0 | \u00a0 | 13,697 | \u00a0 | \u00a0 | \u00a0 | 10,128 | \u00a0 | \u00a0 | \u00a0 | 12,825 | \u00a0 | \u00a0 | \u00a0 | 10,474 | \u00a0 | \u00a0 | \u00a0 | 2,351 | \u00a0 |
| Other | \u00a0 | 5 | - | 14 | \u00a0 | \u00a0 | \u00a0 | 2,946 | \u00a0 | \u00a0 | \u00a0 | 2,483 | \u00a0 | \u00a0 | \u00a0 | 463 | \u00a0 | \u00a0 | \u00a0 | 2,946 | \u00a0 | \u00a0 | \u00a0 | 2,382 | \u00a0 | \u00a0 | \u00a0 | 564 | \u00a0 |
| Total intangible assets with determinable lives | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 34,191 | \u00a0 | \u00a0 | \u00a0 | 22,539 | \u00a0 | \u00a0 | \u00a0 | 11,652 | \u00a0 | \u00a0 | \u00a0 | 23,191 | \u00a0 | \u00a0 | \u00a0 | 19,109 | \u00a0 | \u00a0 | \u00a0 | 4,082 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Trademarks with indefinite lives | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 127,396 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 127,396 | \u00a0 | \u00a0 | \u00a0 | 62,191 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 62,191 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Total identifiable intangible assets | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | $ | 161,587 | \u00a0 | \u00a0 | $ | 22,539 | \u00a0 | \u00a0 | $ | 139,048 | \u00a0 | \u00a0 | $ | 85,382 | \u00a0 | \u00a0 | $ | 19,109 | \u00a0 | \u00a0 | $ | 66,273 | \u00a0 |
\u00a0
\nIntangible assets with determinable lives are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable. No material impairments were recognized for the years ended June 27, 2021, June 28, 2020 and June 30, 2019, respectively.
\n\u00a0
\nThe amortization of intangible assets for the years ended June 27, 2021, June 28, 2020 and June 30, 2019 was $3.3 million, $0.9 million and $0.7 million, respectively. Future estimated amortization expense is as follows: 2022 - $3.3 million, 2023 - $3.3 million, 2024 - $3.3 million, 2025 - $0.8 million, 2026 - $0.3 million and thereafter - $0.7 million.
\n \n "}]},{"name":"rpt:f-608","factDimensions":{"xbrl:concept":"us-gaap:ScheduleOfGoodwillTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":" \n| \u00a0 | \u00a0 | Consumer Floral & Gifts | \u00a0 | \u00a0 | BloomNet | \u00a0 | \u00a0 | Gourmet Foods & Gift Baskets | \u00a0 | \u00a0 | Total | \u00a0 | ||||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||||||||||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Balance at June 30, 2019 | \u00a0 | $ | 17,441 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | 45,149 | \u00a0 | \u00a0 | $ | 62,590 | \u00a0 |
| Acquisition of Shari\u2019s Berries | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | \u00a0 | 12,121 | \u00a0 | \u00a0 | \u00a0 | 12,121 | \u00a0 |
| Balance at June 28, 2020 | \u00a0 | $ | 17,441 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | 57,270 | \u00a0 | \u00a0 | $ | 74,711 | \u00a0 |
| Acquisition of PersonalizationMall | \u00a0 | \u00a0 | 133,439 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 133,439 | \u00a0 |
| Balance at June 27, 2021 | \u00a0 | $ | 150,880 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | 57,270 | \u00a0 | \u00a0 | $ | 208,150 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | ||||||||||||||||||
| \u00a0 | \u00a0 | Amortization Period | \u00a0 | \u00a0 | Gross Carrying Amount | \u00a0 | \u00a0 | Accumulated Amortization | \u00a0 | \u00a0 | Net | \u00a0 | \u00a0 | Gross Carrying Amount | \u00a0 | \u00a0 | Accumulated Amortization | \u00a0 | \u00a0 | Net | \u00a0 | ||||||||
| \u00a0 | \u00a0 | (in years) | \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||||||||||||||||||||
| Intangible assets with determinable lives | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Investment in licenses | \u00a0 | 14 | - | 16 | \u00a0 | \u00a0 | $ | 7,420 | \u00a0 | \u00a0 | $ | 6,359 | \u00a0 | \u00a0 | $ | 1,061 | \u00a0 | \u00a0 | $ | 7,420 | \u00a0 | \u00a0 | $ | 6,253 | \u00a0 | \u00a0 | $ | 1,167 | \u00a0 |
| Customer lists | \u00a0 | 3 | - | 10 | \u00a0 | \u00a0 | \u00a0 | 23,825 | \u00a0 | \u00a0 | \u00a0 | 13,697 | \u00a0 | \u00a0 | \u00a0 | 10,128 | \u00a0 | \u00a0 | \u00a0 | 12,825 | \u00a0 | \u00a0 | \u00a0 | 10,474 | \u00a0 | \u00a0 | \u00a0 | 2,351 | \u00a0 |
| Other | \u00a0 | 5 | - | 14 | \u00a0 | \u00a0 | \u00a0 | 2,946 | \u00a0 | \u00a0 | \u00a0 | 2,483 | \u00a0 | \u00a0 | \u00a0 | 463 | \u00a0 | \u00a0 | \u00a0 | 2,946 | \u00a0 | \u00a0 | \u00a0 | 2,382 | \u00a0 | \u00a0 | \u00a0 | 564 | \u00a0 |
| Total intangible assets with determinable lives | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 34,191 | \u00a0 | \u00a0 | \u00a0 | 22,539 | \u00a0 | \u00a0 | \u00a0 | 11,652 | \u00a0 | \u00a0 | \u00a0 | 23,191 | \u00a0 | \u00a0 | \u00a0 | 19,109 | \u00a0 | \u00a0 | \u00a0 | 4,082 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Trademarks with indefinite lives | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 127,396 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 127,396 | \u00a0 | \u00a0 | \u00a0 | 62,191 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 62,191 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Total identifiable intangible assets | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | $ | 161,587 | \u00a0 | \u00a0 | $ | 22,539 | \u00a0 | \u00a0 | $ | 139,048 | \u00a0 | \u00a0 | $ | 85,382 | \u00a0 | \u00a0 | $ | 19,109 | \u00a0 | \u00a0 | $ | 66,273 | \u00a0 |
Note 7. Property, Plant and Equipment\u00a0
\n\u00a0
\n \n| \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | ||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Land | \u00a0 | $ | 30,284 | \u00a0 | \u00a0 | $ | 30,789 | \u00a0 |
| Orchards in production and land improvements | \u00a0 | \u00a0 | 18,829 | \u00a0 | \u00a0 | \u00a0 | 17,139 | \u00a0 |
| Building and building improvements | \u00a0 | \u00a0 | 62,232 | \u00a0 | \u00a0 | \u00a0 | 61,159 | \u00a0 |
| Leasehold improvements | \u00a0 | \u00a0 | 26,451 | \u00a0 | \u00a0 | \u00a0 | 13,675 | \u00a0 |
| Production equipment | \u00a0 | \u00a0 | 82,526 | \u00a0 | \u00a0 | \u00a0 | 57,904 | \u00a0 |
| Furniture and fixtures | \u00a0 | \u00a0 | 8,860 | \u00a0 | \u00a0 | \u00a0 | 7,444 | \u00a0 |
| Computer and telecommunication equipment | \u00a0 | \u00a0 | 55,841 | \u00a0 | \u00a0 | \u00a0 | 55,381 | \u00a0 |
| Software | \u00a0 | \u00a0 | 177,844 | \u00a0 | \u00a0 | \u00a0 | 151,264 | \u00a0 |
| Capital projects in progress - orchards | \u00a0 | \u00a0 | 18,090 | \u00a0 | \u00a0 | \u00a0 | 8,130 | \u00a0 |
| Property, plant and equipment, gross | \u00a0 | \u00a0 | 480,957 | \u00a0 | \u00a0 | \u00a0 | 402,885 | \u00a0 |
| Accumulated depreciation and amortization | \u00a0 | \u00a0 | (265,670 | ) | \u00a0 | \u00a0 | (233,810 | ) |
| Property, plant and equipment, net | \u00a0 | $ | 215,287 | \u00a0 | \u00a0 | $ | 169,075 | \u00a0 |
\u00a0
\nDepreciation expense for the years ended June 27, 2021, June 28, 2020, and June 30, 2019 was $39.2 million, $31.6 million, and $29.3 million, respectively.
\n \n "}]},{"name":"rpt:f-680","factDimensions":{"xbrl:concept":"us-gaap:PropertyPlantAndEquipmentTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":" \n| \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | ||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Land | \u00a0 | $ | 30,284 | \u00a0 | \u00a0 | $ | 30,789 | \u00a0 |
| Orchards in production and land improvements | \u00a0 | \u00a0 | 18,829 | \u00a0 | \u00a0 | \u00a0 | 17,139 | \u00a0 |
| Building and building improvements | \u00a0 | \u00a0 | 62,232 | \u00a0 | \u00a0 | \u00a0 | 61,159 | \u00a0 |
| Leasehold improvements | \u00a0 | \u00a0 | 26,451 | \u00a0 | \u00a0 | \u00a0 | 13,675 | \u00a0 |
| Production equipment | \u00a0 | \u00a0 | 82,526 | \u00a0 | \u00a0 | \u00a0 | 57,904 | \u00a0 |
| Furniture and fixtures | \u00a0 | \u00a0 | 8,860 | \u00a0 | \u00a0 | \u00a0 | 7,444 | \u00a0 |
| Computer and telecommunication equipment | \u00a0 | \u00a0 | 55,841 | \u00a0 | \u00a0 | \u00a0 | 55,381 | \u00a0 |
| Software | \u00a0 | \u00a0 | 177,844 | \u00a0 | \u00a0 | \u00a0 | 151,264 | \u00a0 |
| Capital projects in progress - orchards | \u00a0 | \u00a0 | 18,090 | \u00a0 | \u00a0 | \u00a0 | 8,130 | \u00a0 |
| Property, plant and equipment, gross | \u00a0 | \u00a0 | 480,957 | \u00a0 | \u00a0 | \u00a0 | 402,885 | \u00a0 |
| Accumulated depreciation and amortization | \u00a0 | \u00a0 | (265,670 | ) | \u00a0 | \u00a0 | (233,810 | ) |
| Property, plant and equipment, net | \u00a0 | $ | 215,287 | \u00a0 | \u00a0 | $ | 169,075 | \u00a0 |
\u00a0
\nAccrued expenses consisted of the following:
\n\u00a0
\n \n| \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | ||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||
| Payroll and employee benefits | \u00a0 | $ | 56,134 | \u00a0 | \u00a0 | $ | 41,931 | \u00a0 |
| Deferred revenue | \u00a0 | \u00a0 | 33,388 | \u00a0 | \u00a0 | \u00a0 | 25,867 | \u00a0 |
| Accrued marketing expenses | \u00a0 | \u00a0 | 16,591 | \u00a0 | \u00a0 | \u00a0 | 14,680 | \u00a0 |
| Accrued florist payout | \u00a0 | \u00a0 | 17,926 | \u00a0 | \u00a0 | \u00a0 | 16,755 | \u00a0 |
| Accrued purchases | \u00a0 | \u00a0 | 17,259 | \u00a0 | \u00a0 | \u00a0 | 8,200 | \u00a0 |
| Other | \u00a0 | \u00a0 | 37,214 | \u00a0 | \u00a0 | \u00a0 | 34,308 | \u00a0 |
| Accrued expenses | \u00a0 | $ | 178,512 | \u00a0 | \u00a0 | $ | 141,741 | \u00a0 |
\u00a0
\n \n "}]},{"name":"rpt:f-709","factDimensions":{"xbrl:concept":"us-gaap:ScheduleOfAccruedLiabilitiesTableTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":" \n| \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | ||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||
| Payroll and employee benefits | \u00a0 | $ | 56,134 | \u00a0 | \u00a0 | $ | 41,931 | \u00a0 |
| Deferred revenue | \u00a0 | \u00a0 | 33,388 | \u00a0 | \u00a0 | \u00a0 | 25,867 | \u00a0 |
| Accrued marketing expenses | \u00a0 | \u00a0 | 16,591 | \u00a0 | \u00a0 | \u00a0 | 14,680 | \u00a0 |
| Accrued florist payout | \u00a0 | \u00a0 | 17,926 | \u00a0 | \u00a0 | \u00a0 | 16,755 | \u00a0 |
| Accrued purchases | \u00a0 | \u00a0 | 17,259 | \u00a0 | \u00a0 | \u00a0 | 8,200 | \u00a0 |
| Other | \u00a0 | \u00a0 | 37,214 | \u00a0 | \u00a0 | \u00a0 | 34,308 | \u00a0 |
| Accrued expenses | \u00a0 | $ | 178,512 | \u00a0 | \u00a0 | $ | 141,741 | \u00a0 |
\u00a0
\nThe Company\u2019s current and long-term debt consists of the following:
\n\u00a0
\n \n| \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | ||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Revolver (1), (2) | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | - | \u00a0 |
| Term Loan (1), (2) | \u00a0 | \u00a0 | 185,000 | \u00a0 | \u00a0 | \u00a0 | 95,000 | \u00a0 |
| Deferred financing costs | \u00a0 | \u00a0 | (3,488 | ) | \u00a0 | \u00a0 | (2,441 | ) |
| Total debt | \u00a0 | \u00a0 | 181,512 | \u00a0 | \u00a0 | \u00a0 | 92,559 | \u00a0 |
| Less: current debt | \u00a0 | \u00a0 | 20,000 | \u00a0 | \u00a0 | \u00a0 | 5,000 | \u00a0 |
| Long-term debt | \u00a0 | $ | 161,512 | \u00a0 | \u00a0 | $ | 87,559 | \u00a0 |
\u00a0
\n| \u00a0 | (1) | On May 31, 2019, the Company and certain of its U.S. subsidiaries entered into a Second Amended and Restated Credit Agreement (the \u201c2019 Credit Agreement\u201d) with JPMorgan Chase Bank, N.A. as administrative agent, and a group of lenders. The 2019 Credit Agreement amended and restated the Company\u2019s existing amended and restated credit agreement dated as of December 23, 2016 to, among other modifications: (i) increase the amount of the outstanding term loan (\u201cTerm Loan\u201d) from approximately $97 million to $100 million, (ii) extend the maturity date of the outstanding Term Loan and the revolving credit facility (\u201cRevolver\u201d) by approximately 29 months to May 31, 2024, and (iii) decrease the applicable interest rate margins for LIBOR and base rate loans by 25 basis points. The Term Loan is payable in 19 quarterly installments of principal and interest beginning on September 29, 2019, with escalating principal payments, at the rate of 5.0% per annum for the first eight payments, and 10.0% per annum for the remaining 11 payments, with the remaining balance of $62.5 million due upon maturity. The Revolver, in the aggregate amount of $200 million, subject to seasonal reduction to an aggregate amount of $100 million for the period from January 1 through August 1, may be used for working capital and general corporate purposes, subject to certain restrictions. For each borrowing under the 2019 Credit Agreement, the Company may elect that such borrowing bear interest at an annual rate equal to either: (1) a base rate plus an applicable margin varying based on the Company\u2019s consolidated leverage ratio, where the base rate is the highest of (a) the prime rate, (b) the New York fed bank rate plus 0.5%, and (c) a LIBOR rate plus 1%, or (2) an adjusted LIBOR rate plus an applicable margin varying based on the Company\u2019s consolidated leverage ratio. |
\u00a0
\n| \u00a0 | \u00a0 | On August 20, 2020, the Company, the Subsidiary Guarantors, JPMorgan Chase Bank, N.A. as administrative agent, and a group of lenders entered into a First Amendment (the \u201cFirst Amendment\u201d) to the 2019 Credit Agreement. The First Amendment amends the 2019 Credit Agreement (together the \"2020 Credit Agreement\u201d) to, among other modifications, (i) increase the aggregate principal amount of the existing Revolver commitments from $200.0 million to $250.0 million, (ii) establish a new tranche of term A-1 loans in an aggregate principal amount of $100.0 million (the \u201cNew Term Loan\u201d), (iii) increase the working capital sublimit with respect to the Revolver from $175.0 million to $200.0 million, and (iv) increase the seasonally-reduced Revolver commitments from $100.0 million to $125.0 million for the period from January 1 through August 1 for each fiscal year of the Company. The New Term Loan will mature on May 31, 2024. Proceeds of the borrowing under the New Term Loan may be used for working capital and general corporate purposes of the Company and its subsidiaries, subject to certain restrictions. For each borrowing under the 2020 Credit Agreement, the Company may elect that such borrowing bear interest at an annual rate equal to either (1) a base rate plus the applicable margin for the relevant class of borrowing, which margins vary based on the Company\u2019s consolidated leverage ratio, where the base rate is the highest of (a) the prime rate, (b) the New York fed bank rate plus 0.5%, and (c) a LIBOR rate plus 1%, or (2) an adjusted LIBOR rate plus an applicable margin varying based on the Company\u2019s consolidated leverage ratio. The New Term Loan is payable in 15 quarterly installments of principal and interest beginning on September 27, 2020, with escalating principal payments, at the rate of 5.0% per annum for the first four payments, and 10.0% per annum for the remaining 11 payments, with the remaining balance of $67.5 million due upon maturity. \u00a0 The 2020 Credit Agreement requires that while any borrowings or commitments are outstanding the Company comply with certain financial covenants and affirmative covenants as well as certain negative covenants that, subject to certain exceptions, limit the Company\u2019s ability to, among other things, incur additional indebtedness, make certain investments and make certain restricted payments. The Company was in compliance with these covenants as of March 28, 2021. The 2020 Credit Agreement is secured by substantially all of the assets of the Company. |
\u00a0
\nFuture principal payments under the Term Loan and New Term Loan are as follows: $20.0 million - fiscal 2022, $20.0 million \u2013 fiscal 2023 and $145.0 million \u2013 fiscal 2024.
\n "}]},{"name":"rpt:f-725","factDimensions":{"xbrl:concept":"us-gaap:ScheduleOfDebtTableTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":" \n| \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | ||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Revolver (1), (2) | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | - | \u00a0 |
| Term Loan (1), (2) | \u00a0 | \u00a0 | 185,000 | \u00a0 | \u00a0 | \u00a0 | 95,000 | \u00a0 |
| Deferred financing costs | \u00a0 | \u00a0 | (3,488 | ) | \u00a0 | \u00a0 | (2,441 | ) |
| Total debt | \u00a0 | \u00a0 | 181,512 | \u00a0 | \u00a0 | \u00a0 | 92,559 | \u00a0 |
| Less: current debt | \u00a0 | \u00a0 | 20,000 | \u00a0 | \u00a0 | \u00a0 | 5,000 | \u00a0 |
| Long-term debt | \u00a0 | $ | 161,512 | \u00a0 | \u00a0 | $ | 87,559 | \u00a0 |
Note 10. Fair Value Measurements
\n\u00a0
\nCash and cash equivalents, trade and other receivables, prepaids, accounts payable and accrued expenses are reflected in the consolidated balance sheets at carrying value, which approximates fair value due to the short-term nature of these instruments. Although no trading market exists, the Company believes that the carrying amount of its debt approximates fair value due to its variable nature. The Company\u2019s investments in non-marketable equity instruments of private companies are carried at cost and are periodically assessed for other-than-temporary impairment, when an event or circumstances indicate that an other-than-temporary decline in value may have occurred. The Company\u2019s remaining financial assets and liabilities are measured and recorded at fair value (see table below). The Company\u2019s non-financial assets, such as definite lived intangible assets and property, plant and equipment, are recorded at cost and are assessed for impairment when an event or circumstance indicates that an other-than-temporary decline in value may have occurred. Goodwill and indefinite lived intangibles are tested for impairment annually, or more frequently, if events occur or circumstances change such that it is more likely than not that an impairment may exist, as required under the accounting standards.
\n\u00a0
\n \n \nFair value is defined as the price that would be received to sell an asset or paid to transfer a liability, in the principal or most advantageous market for the asset or liability, in an orderly transaction between market participants at the measurement date. The authoritative guidance for fair value measurements establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). The three levels of the fair value hierarchy under the guidance are described below:
\n\u00a0
\n| \u00a0 | Level\u00a01 | Valuations based on quoted prices in active markets for identical assets or liabilities that the entity has the ability to access. |
\u00a0
\n| \u00a0 | Level 2 | Valuations based on quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable data for substantially the full term of the assets or liabilities. |
\u00a0
\n| \u00a0 | Level 3 | Valuations based on inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. |
\u00a0
\nThe following table presents by level, within the fair value hierarchy, financial assets and liabilities measured at fair value on a recurring basis:
\n\u00a0
\n \n| \u00a0 | \u00a0 | Carrying Value | \u00a0 | \u00a0 | Fair Value Measurements Assets (Liabilities) | \u00a0 | ||||||||||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | Level 1 | \u00a0 | \u00a0 | Level 2 | \u00a0 | \u00a0 | Level 3 | \u00a0 | |||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||||||||||
| Assets (liabilities) as of June 27, 2021: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Trading securities held in a \u201crabbi trust\u201d (1) | \u00a0 | $ | 21,651 | \u00a0 | \u00a0 | $ | 21,651 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | - | \u00a0 |
| \u00a0 | \u00a0 | $ | 21,651 | \u00a0 | \u00a0 | $ | 21,651 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | - | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Assets (liabilities) as of June 28, 2020: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Trading securities held in a \u201crabbi trust\u201d (1) | \u00a0 | $ | 13,442 | \u00a0 | \u00a0 | $ | 13,442 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | - | \u00a0 |
| \u00a0 | \u00a0 | $ | 13,442 | \u00a0 | \u00a0 | $ | 13,442 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | - | \u00a0 |
\u00a0
\n| \u00a0 | (1) | The Company has established a Non-qualified Deferred Compensation Plan (the \u201cNQDC Plan\u201d) for certain members of senior management. Deferred compensation plan assets are invested in mutual funds held in a \u201crabbi trust,\u201d\u00a0which is restricted for payment to participants of the NQDC Plan. Trading securities held in the rabbi trust are measured using quoted market prices at the reporting date and are included in the \u201cOther assets\u201d\u00a0line item, with the corresponding liability included in the \u201cOther liabilities\u201d\u00a0line item in the consolidated balance sheets. |
| \u00a0 | \u00a0 | Carrying Value | \u00a0 | \u00a0 | Fair Value Measurements Assets (Liabilities) | \u00a0 | ||||||||||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | Level 1 | \u00a0 | \u00a0 | Level 2 | \u00a0 | \u00a0 | Level 3 | \u00a0 | |||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||||||||||
| Assets (liabilities) as of June 27, 2021: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Trading securities held in a \u201crabbi trust\u201d (1) | \u00a0 | $ | 21,651 | \u00a0 | \u00a0 | $ | 21,651 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | - | \u00a0 |
| \u00a0 | \u00a0 | $ | 21,651 | \u00a0 | \u00a0 | $ | 21,651 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | - | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Assets (liabilities) as of June 28, 2020: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Trading securities held in a \u201crabbi trust\u201d (1) | \u00a0 | $ | 13,442 | \u00a0 | \u00a0 | $ | 13,442 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | - | \u00a0 |
| \u00a0 | \u00a0 | $ | 13,442 | \u00a0 | \u00a0 | $ | 13,442 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | - | \u00a0 |
\u00a0
\nSignificant components of the income tax provision are as follows:
\n\u00a0
\n \n| \u00a0 | \u00a0 | Years ended | \u00a0 | |||||||||
| \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | \u00a0 | June 30, 2019 | \u00a0 | |||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||||||
| Current provision: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Federal | \u00a0 | $ | 17,594 | \u00a0 | \u00a0 | $ | 14,727 | \u00a0 | \u00a0 | $ | 2,809 | \u00a0 |
| State | \u00a0 | \u00a0 | 7,339 | \u00a0 | \u00a0 | \u00a0 | 4,383 | \u00a0 | \u00a0 | \u00a0 | 2,710 | \u00a0 |
| Current income tax expense | \u00a0 | \u00a0 | 24,933 | \u00a0 | \u00a0 | \u00a0 | 19,110 | \u00a0 | \u00a0 | \u00a0 | 5,519 | \u00a0 |
| Deferred provision (benefit): | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Federal | \u00a0 | \u00a0 | 5,160 | \u00a0 | \u00a0 | \u00a0 | (62 | ) | \u00a0 | \u00a0 | 3,138 | \u00a0 |
| State | \u00a0 | \u00a0 | 370 | \u00a0 | \u00a0 | \u00a0 | (204 | ) | \u00a0 | \u00a0 | (427 | ) |
| Foreign | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | (13 | ) |
| Deferred income tax expense (benefit) | \u00a0 | \u00a0 | 5,530 | \u00a0 | \u00a0 | \u00a0 | (266 | ) | \u00a0 | \u00a0 | 2,698 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Income tax expense | \u00a0 | $ | 30,463 | \u00a0 | \u00a0 | $ | 18,844 | \u00a0 | \u00a0 | $ | 8,217 | \u00a0 |
\u00a0
\n \n \nA reconciliation of the U.S. federal statutory tax rate to the Company\u2019s effective tax rate is as follows:
\n\u00a0
\n \n| \u00a0 | \u00a0 | Years ended | \u00a0 | |||||||||
| \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | \u00a0 | June 30, 2019 | \u00a0 | |||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Tax at U.S. statutory rates | \u00a0 | \u00a0 | 21.0 | % | \u00a0 | \u00a0 | 21.0 | % | \u00a0 | \u00a0 | 21.0 | % |
| State income taxes, net of federal tax benefit | \u00a0 | \u00a0 | 4.2 | \u00a0 | \u00a0 | \u00a0 | 4.5 | \u00a0 | \u00a0 | \u00a0 | 4.4 | \u00a0 |
| Valuation allowance change | \u00a0 | \u00a0 | (0.3 | ) | \u00a0 | \u00a0 | (0.3 | ) | \u00a0 | \u00a0 | (0.3 | ) |
| Non-deductible compensation | \u00a0 | \u00a0 | 0.7 | \u00a0 | \u00a0 | \u00a0 | 1.1 | \u00a0 | \u00a0 | \u00a0 | 0.7 | \u00a0 |
| Excess tax benefit from stock-based compensation | \u00a0 | \u00a0 | (4.1 | ) | \u00a0 | \u00a0 | (1.0 | ) | \u00a0 | \u00a0 | (4.4 | ) |
| Tax credits | \u00a0 | \u00a0 | (0.9 | ) | \u00a0 | \u00a0 | (1.1 | ) | \u00a0 | \u00a0 | (1.8 | ) |
| Return to provision | \u00a0 | \u00a0 | (0.1 | ) | \u00a0 | \u00a0 | (0.3 | ) | \u00a0 | \u00a0 | (1.0 | ) |
| Other, net | \u00a0 | \u00a0 | (0.1 | ) | \u00a0 | \u00a0 | 0.3 | \u00a0 | \u00a0 | \u00a0 | 0.5 | \u00a0 |
| Effective tax rate | \u00a0 | \u00a0 | 20.4 | % | \u00a0 | \u00a0 | 24.2 | % | \u00a0 | \u00a0 | 19.1 | % |
\u00a0
\nDeferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The significant components of the Company's deferred income tax assets (liabilities) are as follows:
\n\u00a0
\n \n| \u00a0 | \u00a0 | Years ended | \u00a0 | |||||
| \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | ||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||
| Deferred income tax assets: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Loss and credit carryforwards | \u00a0 | $ | 10,016 | \u00a0 | \u00a0 | $ | 10,530 | \u00a0 |
| Accrued expenses and reserves | \u00a0 | \u00a0 | 9,270 | \u00a0 | \u00a0 | \u00a0 | 4,676 | \u00a0 |
| Stock-based compensation | \u00a0 | \u00a0 | 2,593 | \u00a0 | \u00a0 | \u00a0 | 2,190 | \u00a0 |
| Deferred compensation | \u00a0 | \u00a0 | 3,074 | \u00a0 | \u00a0 | \u00a0 | 2,455 | \u00a0 |
| Operating lease liability | \u00a0 | \u00a0 | 22,262 | \u00a0 | \u00a0 | \u00a0 | 17,551 | \u00a0 |
| Gross deferred income tax assets | \u00a0 | \u00a0 | 47,215 | \u00a0 | \u00a0 | \u00a0 | 37,402 | \u00a0 |
| Less: Valuation allowance | \u00a0 | \u00a0 | (9,258 | ) | \u00a0 | \u00a0 | (9,681 | ) |
| Deferred tax assets, net | \u00a0 | \u00a0 | 37,957 | \u00a0 | \u00a0 | \u00a0 | 27,721 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Deferred income tax liabilities: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Other intangibles | \u00a0 | \u00a0 | (18,695 | ) | \u00a0 | \u00a0 | (15,337 | ) |
| Tax in excess of book depreciation | \u00a0 | \u00a0 | (31,944 | ) | \u00a0 | \u00a0 | (24,336 | ) |
| Operating lease right-of-use asset | \u00a0 | \u00a0 | (21,480 | ) | \u00a0 | \u00a0 | (16,680 | ) |
| Deferred tax liabilities | \u00a0 | \u00a0 | (72,119 | ) | \u00a0 | \u00a0 | (56,353 | ) |
| Net deferred income tax liabilities | \u00a0 | $ | (34,162 | ) | \u00a0 | $ | (28,632 | ) |
\u00a0
\nA valuation allowance is provided when it is more likely than\u00a0not\u00a0that some portion, or all, of the deferred tax assets will\u00a0not\u00a0be realized. The Company has established valuation allowances, primarily for certain state and all foreign net operating losses as well as federal and state capital loss carryforwards. The Company does\u00a0not\u00a0expect to utilize the federal and state capital loss carryforward prior to expiration and has therefore provided for a full valuation allowance. At\u00a0 June 27, 2021,\u00a0the Company\u2019s total federal and state capital loss carryforwards were\u00a0$25.2\u00a0million, which if\u00a0not\u00a0utilized, will expire in fiscal\u00a02022.\u00a0The Company\u2019s foreign net operating loss carryforwards were\u00a0$4.5\u00a0million, which if\u00a0not\u00a0utilized, will begin to expire in fiscal\u00a02034.
\n\u00a0
\nThe Company files income tax returns in the U.S. federal jurisdiction, various state jurisdictions, and various foreign countries. The Company is currently undergoing its U.S. federal examination for fiscal\u00a02018,\u00a0however,\u00a0fiscal and fiscal 2020 remain subject to U.S. federal examination. Due to ongoing state examinations and nonconformity with the U.S. federal statute of limitations for assessment, certain states remain open from fiscal\u00a0\u00a0The Company's foreign income tax filings from fiscal\u00a02016\u00a0forward are open for examination by its respective foreign tax authorities, mainly Canada, Brazil, and the United Kingdom.\u00a0
\n\u00a0
\nThe Company\u2019s policy is to recognize interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense. At\u00a0 June 27, 2021,\u00a0the Company has an unrecognized tax benefit, including accrued interest and penalties, of approximately\u00a0$1.1\u00a0million. The Company believes that\u00a0$0.1\u00a0million of the unrecognized tax positions will be resolved over the next\u00a0twelve\u00a0months.
\n \n "}]},{"name":"rpt:f-784","factDimensions":{"xbrl:concept":"us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":" \n| \u00a0 | \u00a0 | Years ended | \u00a0 | |||||||||
| \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | \u00a0 | June 30, 2019 | \u00a0 | |||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||||||
| Current provision: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Federal | \u00a0 | $ | 17,594 | \u00a0 | \u00a0 | $ | 14,727 | \u00a0 | \u00a0 | $ | 2,809 | \u00a0 |
| State | \u00a0 | \u00a0 | 7,339 | \u00a0 | \u00a0 | \u00a0 | 4,383 | \u00a0 | \u00a0 | \u00a0 | 2,710 | \u00a0 |
| Current income tax expense | \u00a0 | \u00a0 | 24,933 | \u00a0 | \u00a0 | \u00a0 | 19,110 | \u00a0 | \u00a0 | \u00a0 | 5,519 | \u00a0 |
| Deferred provision (benefit): | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Federal | \u00a0 | \u00a0 | 5,160 | \u00a0 | \u00a0 | \u00a0 | (62 | ) | \u00a0 | \u00a0 | 3,138 | \u00a0 |
| State | \u00a0 | \u00a0 | 370 | \u00a0 | \u00a0 | \u00a0 | (204 | ) | \u00a0 | \u00a0 | (427 | ) |
| Foreign | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | (13 | ) |
| Deferred income tax expense (benefit) | \u00a0 | \u00a0 | 5,530 | \u00a0 | \u00a0 | \u00a0 | (266 | ) | \u00a0 | \u00a0 | 2,698 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Income tax expense | \u00a0 | $ | 30,463 | \u00a0 | \u00a0 | $ | 18,844 | \u00a0 | \u00a0 | $ | 8,217 | \u00a0 |
| \u00a0 | \u00a0 | Years ended | \u00a0 | |||||||||
| \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | \u00a0 | June 30, 2019 | \u00a0 | |||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Tax at U.S. statutory rates | \u00a0 | \u00a0 | 21.0 | % | \u00a0 | \u00a0 | 21.0 | % | \u00a0 | \u00a0 | 21.0 | % |
| State income taxes, net of federal tax benefit | \u00a0 | \u00a0 | 4.2 | \u00a0 | \u00a0 | \u00a0 | 4.5 | \u00a0 | \u00a0 | \u00a0 | 4.4 | \u00a0 |
| Valuation allowance change | \u00a0 | \u00a0 | (0.3 | ) | \u00a0 | \u00a0 | (0.3 | ) | \u00a0 | \u00a0 | (0.3 | ) |
| Non-deductible compensation | \u00a0 | \u00a0 | 0.7 | \u00a0 | \u00a0 | \u00a0 | 1.1 | \u00a0 | \u00a0 | \u00a0 | 0.7 | \u00a0 |
| Excess tax benefit from stock-based compensation | \u00a0 | \u00a0 | (4.1 | ) | \u00a0 | \u00a0 | (1.0 | ) | \u00a0 | \u00a0 | (4.4 | ) |
| Tax credits | \u00a0 | \u00a0 | (0.9 | ) | \u00a0 | \u00a0 | (1.1 | ) | \u00a0 | \u00a0 | (1.8 | ) |
| Return to provision | \u00a0 | \u00a0 | (0.1 | ) | \u00a0 | \u00a0 | (0.3 | ) | \u00a0 | \u00a0 | (1.0 | ) |
| Other, net | \u00a0 | \u00a0 | (0.1 | ) | \u00a0 | \u00a0 | 0.3 | \u00a0 | \u00a0 | \u00a0 | 0.5 | \u00a0 |
| Effective tax rate | \u00a0 | \u00a0 | 20.4 | % | \u00a0 | \u00a0 | 24.2 | % | \u00a0 | \u00a0 | 19.1 | % |
| \u00a0 | \u00a0 | Years ended | \u00a0 | |||||
| \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | ||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||
| Deferred income tax assets: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Loss and credit carryforwards | \u00a0 | $ | 10,016 | \u00a0 | \u00a0 | $ | 10,530 | \u00a0 |
| Accrued expenses and reserves | \u00a0 | \u00a0 | 9,270 | \u00a0 | \u00a0 | \u00a0 | 4,676 | \u00a0 |
| Stock-based compensation | \u00a0 | \u00a0 | 2,593 | \u00a0 | \u00a0 | \u00a0 | 2,190 | \u00a0 |
| Deferred compensation | \u00a0 | \u00a0 | 3,074 | \u00a0 | \u00a0 | \u00a0 | 2,455 | \u00a0 |
| Operating lease liability | \u00a0 | \u00a0 | 22,262 | \u00a0 | \u00a0 | \u00a0 | 17,551 | \u00a0 |
| Gross deferred income tax assets | \u00a0 | \u00a0 | 47,215 | \u00a0 | \u00a0 | \u00a0 | 37,402 | \u00a0 |
| Less: Valuation allowance | \u00a0 | \u00a0 | (9,258 | ) | \u00a0 | \u00a0 | (9,681 | ) |
| Deferred tax assets, net | \u00a0 | \u00a0 | 37,957 | \u00a0 | \u00a0 | \u00a0 | 27,721 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Deferred income tax liabilities: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Other intangibles | \u00a0 | \u00a0 | (18,695 | ) | \u00a0 | \u00a0 | (15,337 | ) |
| Tax in excess of book depreciation | \u00a0 | \u00a0 | (31,944 | ) | \u00a0 | \u00a0 | (24,336 | ) |
| Operating lease right-of-use asset | \u00a0 | \u00a0 | (21,480 | ) | \u00a0 | \u00a0 | (16,680 | ) |
| Deferred tax liabilities | \u00a0 | \u00a0 | (72,119 | ) | \u00a0 | \u00a0 | (56,353 | ) |
| Net deferred income tax liabilities | \u00a0 | $ | (34,162 | ) | \u00a0 | $ | (28,632 | ) |
\u00a0
\nHolders of Class A common stock generally have the same rights as the holders of Class B common stock, except that holders of Class A common stock have vote per share and holders of Class B common stock have 10 votes per share on all matters submitted to the vote of stockholders. Holders of Class A common stock and Class B common stock generally vote together as a single class on all matters presented to the stockholders for their vote or approval, except as may be required by Delaware law. Class B common stock may be converted into Class A common stock at any time on a one-for-one share basis. Each share of Class B common stock will automatically convert into one share of Class A common stock upon its transfer, with limited exceptions. During fiscal 2021, 389,209 shares of Class B common stock were converted into shares of Class A common stock, while were converted during fiscal 2019 and 2020.
\n\u00a0
\nThe Company has a stock repurchase plan through which purchases can be made from time to time in the open market and through privately negotiated transactions, subject to general market conditions. The repurchase program is financed utilizing available cash. On June 27, 2019, the Company\u2019s Board of Directors authorized an increase to its stock repurchase plan of up to $30.0 million, and on April 22, 2021, increased it once more to $40.0 million. The Company repurchased a total of $22.4 million (862,290 shares), $10.7 million (754,458 shares), and $14.8 million (1,230,303 shares), during the fiscal years ended June 27, 2021, June 28, 2020, and June 30, 2019, respectively, under this program. As of June 27, 2021, $32.4 million remains authorized under the plan.
\n\u00a0
\nThe Company has stock options and restricted stock awards outstanding to participants under the 1-800-FLOWERS.COM 2003 Long Term Incentive and Share Award Plan (as amended and restated as of October 22, 2009, October 28, 2011, September 14, 2016, and October 15, 2020)\u00a0(the \u201cPlan\u201d). The Plan is a broad-based, long-term incentive program that is intended to provide incentives to\u00a0attract, retain and motivate employees, consultants and directors in order\u00a0to achieve the Company\u2019s long-term growth and profitability objectives. The Plan provides for the grant to eligible employees, consultants and directors of stock options, share appreciation rights (\u201cSARs\u201d), restricted shares, restricted share units, performance shares, performance units, dividend equivalents, and other share-based awards (collectively, \u201cAwards\u201d).
\n \n \n \n "}]},{"name":"rpt:f-869","factDimensions":{"xbrl:concept":"flws:NumberOfVotingRightsPerShare","xbrl:period":"2021-06-28T00:00:00","xbrl:entity":"cik:0001084869","us-gaap:StatementClassOfStockAxis":"us-gaap:CommonClassBMember"},"factValues":[{"value":"10"}]},{"name":"rpt:f-870","factDimensions":{"xbrl:concept":"flws:ConversionOfStockSharesOfClassACommonStockConvertedFromAShareOfClassBCommonStock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"xbrla:shares"},"factValues":[{"value":"1"}]},{"name":"rpt:f-871","factDimensions":{"xbrl:concept":"us-gaap:StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"xbrla:shares","us-gaap:StatementClassOfStockAxis":"us-gaap:CommonClassAMember"},"factValues":[{"value":"389209"}]},{"name":"rpt:f-872","factDimensions":{"xbrl:concept":"us-gaap:StockRepurchaseProgramAuthorizedAmount1","xbrl:period":"2019-06-28T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"30000000.0","decimals":-7}]},{"name":"rpt:f-873","factDimensions":{"xbrl:concept":"us-gaap:StockRepurchaseProgramAuthorizedAmount1","xbrl:period":"2021-04-23T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"40000000.0","decimals":-7}]},{"name":"rpt:f-874","factDimensions":{"xbrl:concept":"us-gaap:TreasuryStockValueAcquiredCostMethod","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"22400000","decimals":-5}]},{"name":"rpt:f-875","factDimensions":{"xbrl:concept":"us-gaap:TreasuryStockSharesAcquired","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"xbrla:shares"},"factValues":[{"value":"862290"}]},{"name":"rpt:f-876","factDimensions":{"xbrl:concept":"us-gaap:TreasuryStockValueAcquiredCostMethod","xbrl:period":"2019-07-01T00:00:00/2020-06-29T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"10700000","decimals":-5}]},{"name":"rpt:f-877","factDimensions":{"xbrl:concept":"us-gaap:TreasuryStockSharesAcquired","xbrl:period":"2019-07-01T00:00:00/2020-06-29T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"xbrla:shares"},"factValues":[{"value":"754458"}]},{"name":"rpt:f-878","factDimensions":{"xbrl:concept":"us-gaap:TreasuryStockValueAcquiredCostMethod","xbrl:period":"2018-07-02T00:00:00/2019-07-01T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"14800000","decimals":-5}]},{"name":"rpt:f-879","factDimensions":{"xbrl:concept":"us-gaap:TreasuryStockSharesAcquired","xbrl:period":"2018-07-02T00:00:00/2019-07-01T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"xbrla:shares"},"factValues":[{"value":"1230303"}]},{"name":"rpt:f-880","factDimensions":{"xbrl:concept":"us-gaap:StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1","xbrl:period":"2021-06-28T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"32400000","decimals":-5}]},{"name":"rpt:f-881","factDimensions":{"xbrl:concept":"us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":" \nNote 13. Stock Based Compensation
\n\u00a0
\nThe Plan is administered by the Compensation Committee or such other Board committee (or the entire Board) as may be designated by the Board. At June 27, 2021, the Company has reserved approximately 2.3\u00a0million shares of Class A common stock for issuance, including options previously authorized for issuance under the 1999 Stock Incentive Plan.
\n\u00a0
\nThe amounts of stock-based compensation expense recognized within operating income (1) in the periods presented are as follows:
\n\u00a0
\n \n| \u00a0 | \u00a0 | Years Ended | \u00a0 | |||||||||
| \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | \u00a0 | June 30, 2019 | \u00a0 | |||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||||||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Stock options | \u00a0 | $ | 36 | \u00a0 | \u00a0 | $ | 104 | \u00a0 | \u00a0 | $ | 315 | \u00a0 |
| Restricted stock awards | \u00a0 | \u00a0 | 10,799 | \u00a0 | \u00a0 | \u00a0 | 8,330 | \u00a0 | \u00a0 | \u00a0 | 5,995 | \u00a0 |
| Total | \u00a0 | \u00a0 | 10,835 | \u00a0 | \u00a0 | \u00a0 | 8,434 | \u00a0 | \u00a0 | \u00a0 | 6,310 | \u00a0 |
| Deferred income tax benefit | \u00a0 | \u00a0 | 3,171 | \u00a0 | \u00a0 | \u00a0 | 2,084 | \u00a0 | \u00a0 | \u00a0 | 1,578 | \u00a0 |
| Stock-based compensation expense, net | \u00a0 | $ | 7,664 | \u00a0 | \u00a0 | $ | 6,350 | \u00a0 | \u00a0 | $ | 4,732 | \u00a0 |
\u00a0
\n \n \nStock based compensation expense is recorded within the following line items of operating expenses:
\n\u00a0
\n \n| \u00a0 | \u00a0 | Years Ended | \u00a0 | |||||||||
| \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | \u00a0 | June 30, 2019 | \u00a0 | |||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||||||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Marketing and sales | \u00a0 | $ | 4,943 | \u00a0 | \u00a0 | $ | 3,999 | \u00a0 | \u00a0 | $ | 2,725 | \u00a0 |
| Technology and development | \u00a0 | \u00a0 | 652 | \u00a0 | \u00a0 | \u00a0 | 649 | \u00a0 | \u00a0 | \u00a0 | 411 | \u00a0 |
| General and administrative | \u00a0 | \u00a0 | 5,240 | \u00a0 | \u00a0 | \u00a0 | 3,786 | \u00a0 | \u00a0 | \u00a0 | 3,174 | \u00a0 |
| Total | \u00a0 | $ | 10,835 | \u00a0 | \u00a0 | $ | 8,434 | \u00a0 | \u00a0 | $ | 6,310 | \u00a0 |
\u00a0
\n| \u00a0 | (1) | Stock-based compensation expense has not been allocated between business segments, but is reflected as part of Corporate overhead. (See\u00a0Note 15.\u00a0for details). |
\u00a0
\nStock Options
\n\u00a0
\nThe weighted average fair value of stock options on the date of grant, and the assumptions used to estimate the fair value of the stock options using the Black-Scholes option valuation model, were as follows:
\n\u00a0
\n \n| \u00a0 | \u00a0 | Years ended | \u00a0 | |||||||||
| \u00a0 | \u00a0 | June 27, | \u00a0 | \u00a0 | June 28, | \u00a0 | \u00a0 | June 30, | \u00a0 | |||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Weighted average fair value of options granted | \u00a0 | \u00a0 | n/a | \u00a0 | \u00a0 | \u00a0 | $10.11 | \u00a0 | \u00a0 | \u00a0 | n/a | \u00a0 |
| Expected volatility | \u00a0 | \u00a0 | n/a | \u00a0 | \u00a0 | \u00a0 | 60 | % | \u00a0 | \u00a0 | n/a | \u00a0 |
| Expected life (in years) | \u00a0 | \u00a0 | n/a | \u00a0 | \u00a0 | \u00a0 | 8.0 | \u00a0 | \u00a0 | \u00a0 | n/a | \u00a0 |
| Risk-free interest rate | \u00a0 | \u00a0 | n/a | \u00a0 | \u00a0 | \u00a0 | n/a | \u00a0 | \u00a0 | \u00a0 | n/a | \u00a0 |
| Expected dividend yield | \u00a0 | \u00a0 | n/a | \u00a0 | \u00a0 | \u00a0 | 0.0 | % | \u00a0 | \u00a0 | n/a | \u00a0 |
\u00a0
\n| (1)\u00a0No options were granted during the fiscal years ended June 27, 2021 or June 30, 2019. |
\u00a0
\nThe expected volatility of the option is determined using historical volatilities based on historical stock prices. The Company estimated the expected life of options granted based upon the historical weighted average. The risk-free interest rate is determined using the yield available for zero-coupon U.S. government issues with a remaining term equal to the expected life of the option. The Company has never paid a dividend, and as such the dividend yield is 0.0%.
\n\u00a0
\nThe following table summarizes stock option activity during the year ended June 27, 2021:
\n\u00a0
\n \n| \u00a0 | \u00a0 | Options | \u00a0 | \u00a0 | Weighted | \u00a0 | \u00a0 | Weighted Contractual | \u00a0 | \u00a0 | Aggregate | \u00a0 | ||||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | (in years) | \u00a0 | \u00a0 | (in thousands) | \u00a0 | ||
| Outstanding beginning of period | \u00a0 | \u00a0 | 1,230,000 | \u00a0 | \u00a0 | $ | 2.77 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Granted | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Exercised | \u00a0 | \u00a0 | (893,300 | ) | \u00a0 | $ | 2.52 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Forfeited/Expired | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Outstanding end of period | \u00a0 | \u00a0 | 336,700 | \u00a0 | \u00a0 | $ | 3.44 | \u00a0 | \u00a0 | \u00a0 | 0.7 | \u00a0 | \u00a0 | $ | 10,183 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Exercisable at June 27, 2021 | \u00a0 | \u00a0 | 321,700 | \u00a0 | \u00a0 | $ | 2.63 | \u00a0 | \u00a0 | \u00a0 | 0.4 | \u00a0 | \u00a0 | $ | 9,989 | \u00a0 |
\u00a0
\nThe aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between the Company\u2019s closing stock price on the last trading day of fiscal 2021 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on June 27, 2021. This amount changes based on the fair market value of the Company\u2019s stock. The total intrinsic value of options exercised for the years ended June 27, 2021, June 28, 2020 and June 30, 2019 was $22.6 million, $2.3 million, and $7.8 million, respectively.
\n\u00a0
\n \n \nThe following table summarizes information about stock options outstanding at June 27, 2021:
\n\u00a0
\n \n| \u00a0 | \u00a0 | \u00a0 | \u00a0 | Options Outstanding | \u00a0 | \u00a0 | Options Exercisable | \u00a0 | ||||||||||||||
| Exercise Price | \u00a0 | \u00a0 | Options Outstanding | \u00a0 | \u00a0 | Weighted- Average Remaining Contractual Life | \u00a0 | \u00a0 | Weighted- Average Exercise Price | \u00a0 | \u00a0 | Options Exercisable | \u00a0 | \u00a0 | Weighted- Average Exercise Price | \u00a0 | ||||||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | (in years) | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | |
| $ | \u00a0 | \u00a0 | 321,700 | \u00a0 | \u00a0 | \u00a0 | 0.4 | \u00a0 | \u00a0 | $ | 2.63 | \u00a0 | \u00a0 | \u00a0 | 321,700 | \u00a0 | \u00a0 | $ | 2.63 | \u00a0 | ||
| $ | \u00a0 | \u00a0 | 15,000 | \u00a0 | \u00a0 | \u00a0 | 8.9 | \u00a0 | \u00a0 | $ | 20.72 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | $ | - | \u00a0 | ||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 336,700 | \u00a0 | \u00a0 | \u00a0 | 0.7 | \u00a0 | \u00a0 | $ | 3.44 | \u00a0 | \u00a0 | \u00a0 | 321,700 | \u00a0 | \u00a0 | $ | 2.63 | \u00a0 |
\u00a0
\nAs of June 27, 2021, the total future compensation cost related to non-vested options not yet recognized in the statement of operations was $0.1 million and the weighted average period over which these awards are expected to be recognized was 3.4 years.
\n\u00a0
\nRestricted Stock
\n\u00a0
\nThe Company grants shares of Common Stock to its employees that are subject to restrictions on transfer and risk of forfeiture until fulfillment of applicable service conditions and, in certain cases, holding periods (Restricted Stock).
\n\u00a0
\nThe following table summarizes the activity of non-vested restricted stock during the year ended June 27, 2021:
\n\u00a0
\n \n| \u00a0 | \u00a0 | Shares | \u00a0 | \u00a0 | Weighted Average Grant Date Fair Value | \u00a0 | ||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Non-vested \u2013 beginning of period | \u00a0 | \u00a0 | 1,608,468 | \u00a0 | \u00a0 | $ | 12.01 | \u00a0 |
| Granted | \u00a0 | \u00a0 | 794,095 | \u00a0 | \u00a0 | $ | 24.37 | \u00a0 |
| Vested | \u00a0 | \u00a0 | (688,675 | ) | \u00a0 | $ | 11.19 | \u00a0 |
| Forfeited | \u00a0 | \u00a0 | (75,082 | ) | \u00a0 | $ | 17.12 | \u00a0 |
| Non-vested - end of period | \u00a0 | \u00a0 | 1,638,806 | \u00a0 | \u00a0 | $ | 18.12 | \u00a0 |
\u00a0
\nThe fair value of non-vested shares is determined based on the closing stock price on the grant date. As of June 27, 2021, there was $17.3 million of total unrecognized compensation cost related to non-vested restricted stock-based compensation to be recognized over a weighted-average period of 1.9 years.
\n \n "}]},{"name":"rpt:f-882","factDimensions":{"xbrl:concept":"us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized","xbrl:period":"2021-06-28T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"xbrla:shares"},"factValues":[{"value":"2300000","decimals":-5}]},{"name":"rpt:f-883","factDimensions":{"xbrl:concept":"us-gaap:ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":" \n| \u00a0 | \u00a0 | Years Ended | \u00a0 | |||||||||
| \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | \u00a0 | June 30, 2019 | \u00a0 | |||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||||||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Stock options | \u00a0 | $ | 36 | \u00a0 | \u00a0 | $ | 104 | \u00a0 | \u00a0 | $ | 315 | \u00a0 |
| Restricted stock awards | \u00a0 | \u00a0 | 10,799 | \u00a0 | \u00a0 | \u00a0 | 8,330 | \u00a0 | \u00a0 | \u00a0 | 5,995 | \u00a0 |
| Total | \u00a0 | \u00a0 | 10,835 | \u00a0 | \u00a0 | \u00a0 | 8,434 | \u00a0 | \u00a0 | \u00a0 | 6,310 | \u00a0 |
| Deferred income tax benefit | \u00a0 | \u00a0 | 3,171 | \u00a0 | \u00a0 | \u00a0 | 2,084 | \u00a0 | \u00a0 | \u00a0 | 1,578 | \u00a0 |
| Stock-based compensation expense, net | \u00a0 | $ | 7,664 | \u00a0 | \u00a0 | $ | 6,350 | \u00a0 | \u00a0 | $ | 4,732 | \u00a0 |
| \u00a0 | \u00a0 | Years Ended | \u00a0 | |||||||||
| \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | \u00a0 | June 30, 2019 | \u00a0 | |||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||||||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Marketing and sales | \u00a0 | $ | 4,943 | \u00a0 | \u00a0 | $ | 3,999 | \u00a0 | \u00a0 | $ | 2,725 | \u00a0 |
| Technology and development | \u00a0 | \u00a0 | 652 | \u00a0 | \u00a0 | \u00a0 | 649 | \u00a0 | \u00a0 | \u00a0 | 411 | \u00a0 |
| General and administrative | \u00a0 | \u00a0 | 5,240 | \u00a0 | \u00a0 | \u00a0 | 3,786 | \u00a0 | \u00a0 | \u00a0 | 3,174 | \u00a0 |
| Total | \u00a0 | $ | 10,835 | \u00a0 | \u00a0 | $ | 8,434 | \u00a0 | \u00a0 | $ | 6,310 | \u00a0 |
| \u00a0 | \u00a0 | Years ended | \u00a0 | |||||||||
| \u00a0 | \u00a0 | June 27, | \u00a0 | \u00a0 | June 28, | \u00a0 | \u00a0 | June 30, | \u00a0 | |||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Weighted average fair value of options granted | \u00a0 | \u00a0 | n/a | \u00a0 | \u00a0 | \u00a0 | $10.11 | \u00a0 | \u00a0 | \u00a0 | n/a | \u00a0 |
| Expected volatility | \u00a0 | \u00a0 | n/a | \u00a0 | \u00a0 | \u00a0 | 60 | % | \u00a0 | \u00a0 | n/a | \u00a0 |
| Expected life (in years) | \u00a0 | \u00a0 | n/a | \u00a0 | \u00a0 | \u00a0 | 8.0 | \u00a0 | \u00a0 | \u00a0 | n/a | \u00a0 |
| Risk-free interest rate | \u00a0 | \u00a0 | n/a | \u00a0 | \u00a0 | \u00a0 | n/a | \u00a0 | \u00a0 | \u00a0 | n/a | \u00a0 |
| Expected dividend yield | \u00a0 | \u00a0 | n/a | \u00a0 | \u00a0 | \u00a0 | 0.0 | % | \u00a0 | \u00a0 | n/a | \u00a0 |
| \u00a0 | \u00a0 | Options | \u00a0 | \u00a0 | Weighted | \u00a0 | \u00a0 | Weighted Contractual | \u00a0 | \u00a0 | Aggregate | \u00a0 | ||||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | (in years) | \u00a0 | \u00a0 | (in thousands) | \u00a0 | ||
| Outstanding beginning of period | \u00a0 | \u00a0 | 1,230,000 | \u00a0 | \u00a0 | $ | 2.77 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Granted | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Exercised | \u00a0 | \u00a0 | (893,300 | ) | \u00a0 | $ | 2.52 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Forfeited/Expired | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Outstanding end of period | \u00a0 | \u00a0 | 336,700 | \u00a0 | \u00a0 | $ | 3.44 | \u00a0 | \u00a0 | \u00a0 | 0.7 | \u00a0 | \u00a0 | $ | 10,183 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Exercisable at June 27, 2021 | \u00a0 | \u00a0 | 321,700 | \u00a0 | \u00a0 | $ | 2.63 | \u00a0 | \u00a0 | \u00a0 | 0.4 | \u00a0 | \u00a0 | $ | 9,989 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | Options Outstanding | \u00a0 | \u00a0 | Options Exercisable | \u00a0 | ||||||||||||||
| Exercise Price | \u00a0 | \u00a0 | Options Outstanding | \u00a0 | \u00a0 | Weighted- Average Remaining Contractual Life | \u00a0 | \u00a0 | Weighted- Average Exercise Price | \u00a0 | \u00a0 | Options Exercisable | \u00a0 | \u00a0 | Weighted- Average Exercise Price | \u00a0 | ||||||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | (in years) | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | |
| $ | \u00a0 | \u00a0 | 321,700 | \u00a0 | \u00a0 | \u00a0 | 0.4 | \u00a0 | \u00a0 | $ | 2.63 | \u00a0 | \u00a0 | \u00a0 | 321,700 | \u00a0 | \u00a0 | $ | 2.63 | \u00a0 | ||
| $ | \u00a0 | \u00a0 | 15,000 | \u00a0 | \u00a0 | \u00a0 | 8.9 | \u00a0 | \u00a0 | $ | 20.72 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | $ | - | \u00a0 | ||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | 336,700 | \u00a0 | \u00a0 | \u00a0 | 0.7 | \u00a0 | \u00a0 | $ | 3.44 | \u00a0 | \u00a0 | \u00a0 | 321,700 | \u00a0 | \u00a0 | $ | 2.63 | \u00a0 |
| \u00a0 | \u00a0 | Shares | \u00a0 | \u00a0 | Weighted Average Grant Date Fair Value | \u00a0 | ||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Non-vested \u2013 beginning of period | \u00a0 | \u00a0 | 1,608,468 | \u00a0 | \u00a0 | $ | 12.01 | \u00a0 |
| Granted | \u00a0 | \u00a0 | 794,095 | \u00a0 | \u00a0 | $ | 24.37 | \u00a0 |
| Vested | \u00a0 | \u00a0 | (688,675 | ) | \u00a0 | $ | 11.19 | \u00a0 |
| Forfeited | \u00a0 | \u00a0 | (75,082 | ) | \u00a0 | $ | 17.12 | \u00a0 |
| Non-vested - end of period | \u00a0 | \u00a0 | 1,638,806 | \u00a0 | \u00a0 | $ | 18.12 | \u00a0 |
Note 14. Employee Retirement Plans
\n\u00a0
\nThe Company has a 401(k) Profit Sharing Plan covering substantially all of its eligible employees. All employees who have attained the age of 21 are eligible to participate upon completion of month of service. Participants may elect to make voluntary contributions to the 401(k) plan in amounts not exceeding federal guidelines. On an annual basis the Company, as determined by its board of directors, may make certain discretionary contributions. Employees are vested in the Company's contributions based upon years of service. The Company contributed $1.6 million, $1.5 million, and $0.9 million during fiscal years 2021, 2020, and 2019, respectively.
\n\u00a0
\nThe Company also has a nonqualified supplemental deferred compensation plan for certain executives pursuant to Section 409A of the Internal Revenue Code. Participants can defer from 1% up to a maximum of 100% of salary and performance and non-performance based bonus. There were no Company contributions to the plan during fiscal years 2021, 2020 and 2019. Distributions will be made to participants upon termination of employment or death in a lump sum, unless installments are selected by the participant. As of June 27, 2021 and June 28, 2020, these plan liabilities, which are included in \u201cOther liabilities\u201d within the Company\u2019s consolidated balance sheets, totaled $21.7 million and $13.4 million, respectively. The associated plan assets, which are subject to the claims of the creditors, are primarily invested in mutual funds and are included in \u201cOther assets\u201d within the Company\u2019s consolidated balance sheets. The gains on these investments, which were $5.7 million, $0.3 million, and $0.7 million, for the years ended June 27, 2021, June 28, 2020, and June 30, 2019, respectively, are included in \u201cOther (income) expense, net,\u201d within the Company\u2019s consolidated statements of income.
\n \n \n \n "}]},{"name":"rpt:f-971","factDimensions":{"xbrl:concept":"flws:DefinedContributionPlanRequiredAgeOfEmployeesToBecomeEligibleToParticipate","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":"P21Y"}]},{"name":"rpt:f-972","factDimensions":{"xbrl:concept":"us-gaap:DefinedContributionPlanEmployerDiscretionaryContributionAmount","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"1600000","decimals":-5}]},{"name":"rpt:f-973","factDimensions":{"xbrl:concept":"us-gaap:DefinedContributionPlanEmployerDiscretionaryContributionAmount","xbrl:period":"2019-07-01T00:00:00/2020-06-29T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"1500000","decimals":-5}]},{"name":"rpt:f-974","factDimensions":{"xbrl:concept":"us-gaap:DefinedContributionPlanEmployerDiscretionaryContributionAmount","xbrl:period":"2018-07-02T00:00:00/2019-07-01T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD"},"factValues":[{"value":"900000","decimals":-5}]},{"name":"rpt:f-975","factDimensions":{"xbrl:concept":"flws:DefinedBenefitPlanParticipantsDefermentPercentageOfSalaryAndPerformanceAndNonperformanceBasedBonus","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":"0.01","decimals":2}]},{"name":"rpt:f-976","factDimensions":{"xbrl:concept":"flws:DefinedBenefitPlanParticipantsDefermentPercentageOfSalaryAndPerformanceAndNonperformanceBasedBonus","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869","us-gaap:DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis":"us-gaap:DeferredCompensationExcludingShareBasedPaymentsAndRetirementBenefitsMember","srt:RangeAxis":"srt:MaximumMember"},"factValues":[{"value":"1","decimals":0}]},{"name":"rpt:f-977","factDimensions":{"xbrl:concept":"us-gaap:DeferredCompensationArrangementWithIndividualContributionsByEmployer","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD","us-gaap:DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis":"us-gaap:DeferredCompensationExcludingShareBasedPaymentsAndRetirementBenefitsMember"},"factValues":[{"value":"0","decimals":-3}]},{"name":"rpt:f-978","factDimensions":{"xbrl:concept":"us-gaap:DeferredCompensationArrangementWithIndividualRecordedLiability","xbrl:period":"2021-06-28T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD","us-gaap:DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis":"us-gaap:DeferredCompensationExcludingShareBasedPaymentsAndRetirementBenefitsMember"},"factValues":[{"value":"21700000","decimals":-5}]},{"name":"rpt:f-979","factDimensions":{"xbrl:concept":"us-gaap:DeferredCompensationArrangementWithIndividualRecordedLiability","xbrl:period":"2020-06-29T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD","us-gaap:DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTypeOfDeferredCompensationAxis":"us-gaap:DeferredCompensationExcludingShareBasedPaymentsAndRetirementBenefitsMember"},"factValues":[{"value":"13400000","decimals":-5}]},{"name":"rpt:f-980","factDimensions":{"xbrl:concept":"flws:DeferredCompensationArrangementWithIndividualGainLossOnInvestment","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD","us-gaap:IncomeStatementLocationAxis":"us-gaap:InterestExpenseMember"},"factValues":[{"value":"5700000","decimals":-5}]},{"name":"rpt:f-981","factDimensions":{"xbrl:concept":"flws:DeferredCompensationArrangementWithIndividualGainLossOnInvestment","xbrl:period":"2019-07-01T00:00:00/2020-06-29T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD","us-gaap:IncomeStatementLocationAxis":"us-gaap:InterestExpenseMember"},"factValues":[{"value":"300000","decimals":-5}]},{"name":"rpt:f-982","factDimensions":{"xbrl:concept":"flws:DeferredCompensationArrangementWithIndividualGainLossOnInvestment","xbrl:period":"2018-07-02T00:00:00/2019-07-01T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD","us-gaap:IncomeStatementLocationAxis":"us-gaap:InterestExpenseMember"},"factValues":[{"value":"700000","decimals":-5}]},{"name":"rpt:f-983","factDimensions":{"xbrl:concept":"us-gaap:SegmentReportingDisclosureTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":" \n \n\u00a0
\nThe Company\u2019s management reviews the results of the Company\u2019s operations by the following business segments:
\n\u00a0
\n| \u2022 | Consumer Floral & Gifts, |
| \u2022 | BloomNet, and |
| \u2022 | Gourmet Foods & Gift Baskets |
\u00a0
\nSegment performance is measured based on contribution margin, which includes only the direct controllable revenue and operating expenses of the segments. As such, management\u2019s measure of profitability for these segments does not include the effect of corporate overhead (see (a) below), nor does it include depreciation and amortization, other (income) expense, net and income taxes, or stock-based compensation, which are included within corporate overhead. Assets and liabilities are reviewed at the consolidated level by management and not accounted for by segment.
\n\u00a0
\n \n| \u00a0 | \u00a0 | Years ended | \u00a0 | |||||||||
| Net revenues | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | \u00a0 | June 30, 2019 | \u00a0 | |||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||||||
| Net revenues: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Consumer Floral & Gifts | \u00a0 | $ | 1,025,015 | \u00a0 | \u00a0 | $ | 593,197 | \u00a0 | \u00a0 | $ | 497,765 | \u00a0 |
| BloomNet | \u00a0 | \u00a0 | 142,919 | \u00a0 | \u00a0 | \u00a0 | 111,766 | \u00a0 | \u00a0 | \u00a0 | 102,876 | \u00a0 |
| Gourmet Foods & Gift Baskets | \u00a0 | \u00a0 | 955,607 | \u00a0 | \u00a0 | \u00a0 | 785,547 | \u00a0 | \u00a0 | \u00a0 | 648,418 | \u00a0 |
| Corporate | \u00a0 | \u00a0 | 341 | \u00a0 | \u00a0 | \u00a0 | 591 | \u00a0 | \u00a0 | \u00a0 | 1,105 | \u00a0 |
| Intercompany eliminations | \u00a0 | \u00a0 | (1,637 | ) | \u00a0 | \u00a0 | (1,464 | ) | \u00a0 | \u00a0 | (1,541 | ) |
| Total net revenues | \u00a0 | $ | 2,122,245 | \u00a0 | \u00a0 | $ | 1,489,637 | \u00a0 | \u00a0 | $ | 1,248,623 | \u00a0 |
\u00a0
\n \n| \u00a0 | \u00a0 | Years ended | \u00a0 | |||||||||
| Operating Income | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | \u00a0 | June 30, 2019 | \u00a0 | |||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||||||
| Segment Contribution Margin: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Consumer Floral & Gifts | \u00a0 | $ | 128,625 | \u00a0 | \u00a0 | $ | 73,806 | \u00a0 | \u00a0 | $ | 49,653 | \u00a0 |
| BloomNet | \u00a0 | \u00a0 | 45,875 | \u00a0 | \u00a0 | \u00a0 | 35,111 | \u00a0 | \u00a0 | \u00a0 | 34,705 | \u00a0 |
| Gourmet Foods & Gift Baskets | \u00a0 | \u00a0 | 149,377 | \u00a0 | \u00a0 | \u00a0 | 110,627 | \u00a0 | \u00a0 | \u00a0 | 82,319 | \u00a0 |
| Segment Contribution Margin Subtotal | \u00a0 | \u00a0 | 323,877 | \u00a0 | \u00a0 | \u00a0 | 219,544 | \u00a0 | \u00a0 | \u00a0 | 166,677 | \u00a0 |
| Corporate (a) | \u00a0 | \u00a0 | (132,280 | ) | \u00a0 | \u00a0 | (106,667 | ) | \u00a0 | \u00a0 | (91,604 | ) |
| Depreciation and amortization | \u00a0 | \u00a0 | (42,510 | ) | \u00a0 | \u00a0 | (32,513 | ) | \u00a0 | \u00a0 | (29,965 | ) |
| Operating income | \u00a0 | $ | 149,087 | \u00a0 | \u00a0 | $ | 80,364 | \u00a0 | \u00a0 | $ | 45,108 | \u00a0 |
\u00a0
\n| \u00a0 | (a) | Corporate expenses consist of the Company\u2019s enterprise shared service cost centers, and include, among other items, Information Technology, Human Resources, Accounting and Finance, Legal, Executive and Customer Service Center functions, as well as Stock-Based Compensation. In order to leverage the Company\u2019s infrastructure, these functions are operated under a centralized management platform, providing support services throughout the organization. The costs of these functions, other than those of the Customer Service Center, which are allocated directly to the above categories based upon usage, are included within corporate expenses as they are not directly allocable to a specific segment.\u00a0 |
\u00a0
\n \n \nThe following tables represent a disaggregation of revenue from contracts with customers, by channel:
\n\u00a0
\n \n| \u00a0 | \u00a0 | Years Ended | \u00a0 | |||||||||||||||||||||||||||||||||||||||||||||
| \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | \u00a0 | June 30, 2019 | \u00a0 | |||||||||||||||||||||||||||||||||||||||
| \u00a0 | \u00a0 | Consumer | \u00a0 | \u00a0 | BloomNet | \u00a0 | \u00a0 | Gourmet | \u00a0 | \u00a0 | Consolidated | \u00a0 | \u00a0 | Consumer | \u00a0 | \u00a0 | BloomNet | \u00a0 | \u00a0 | Gourmet | \u00a0 | \u00a0 | Consolidated | \u00a0 | \u00a0 | Consumer | \u00a0 | \u00a0 | BloomNet | \u00a0 | \u00a0 | Gourmet | \u00a0 | \u00a0 | Consolidated | \u00a0 | ||||||||||||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||||||||||||||||||||||||||||||||||||||||||
| Net revenues | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| E-commerce | \u00a0 | $ | 1,015,716 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | 863,834 | \u00a0 | \u00a0 | $ | 1,879,550 | \u00a0 | \u00a0 | $ | 585,585 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | 644,800 | \u00a0 | \u00a0 | $ | 1,230,385 | \u00a0 | \u00a0 | $ | 489,463 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | 508,897 | \u00a0 | \u00a0 | $ | 998,360 | \u00a0 |
| Retail | \u00a0 | \u00a0 | 5,543 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 9,134 | \u00a0 | \u00a0 | \u00a0 | 14,677 | \u00a0 | \u00a0 | \u00a0 | 4,318 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 37,076 | \u00a0 | \u00a0 | \u00a0 | 41,394 | \u00a0 | \u00a0 | \u00a0 | 4,706 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 45,862 | \u00a0 | \u00a0 | \u00a0 | 50,568 | \u00a0 |
| Wholesale | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 45,299 | \u00a0 | \u00a0 | \u00a0 | 82,639 | \u00a0 | \u00a0 | \u00a0 | 127,938 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 33,675 | \u00a0 | \u00a0 | \u00a0 | 103,671 | \u00a0 | \u00a0 | \u00a0 | 137,346 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 29,744 | \u00a0 | \u00a0 | \u00a0 | 93,659 | \u00a0 | \u00a0 | \u00a0 | 123,403 | \u00a0 |
| BloomNet | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 97,620 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 97,620 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 78,091 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 78,091 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 73,132 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 73,132 | \u00a0 |
| Other | \u00a0 | \u00a0 | 3,756 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 3,756 | \u00a0 | \u00a0 | \u00a0 | 3,294 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 3,294 | \u00a0 | \u00a0 | \u00a0 | 3,596 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 3,596 | \u00a0 |
| Corporate | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 341 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 591 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 1,105 | \u00a0 |
| Eliminations | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | (1,637 | ) | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | (1,464 | ) | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | (1,541 | ) |
| Total net revenues | \u00a0 | $ | 1,025,015 | \u00a0 | \u00a0 | $ | 142,919 | \u00a0 | \u00a0 | $ | 955,607 | \u00a0 | \u00a0 | $ | 2,122,245 | \u00a0 | \u00a0 | $ | 593,197 | \u00a0 | \u00a0 | $ | 111,766 | \u00a0 | \u00a0 | $ | 785,547 | \u00a0 | \u00a0 | $ | 1,489,637 | \u00a0 | \u00a0 | $ | 497,765 | \u00a0 | \u00a0 | $ | 102,876 | \u00a0 | \u00a0 | $ | 648,418 | \u00a0 | \u00a0 | $ | 1,248,623 | \u00a0 |
\u00a0
\n \n "}]},{"name":"rpt:f-984","factDimensions":{"xbrl:concept":"us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":" \n| \u00a0 | \u00a0 | Years ended | \u00a0 | |||||||||
| Net revenues | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | \u00a0 | June 30, 2019 | \u00a0 | |||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||||||
| Net revenues: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Consumer Floral & Gifts | \u00a0 | $ | 1,025,015 | \u00a0 | \u00a0 | $ | 593,197 | \u00a0 | \u00a0 | $ | 497,765 | \u00a0 |
| BloomNet | \u00a0 | \u00a0 | 142,919 | \u00a0 | \u00a0 | \u00a0 | 111,766 | \u00a0 | \u00a0 | \u00a0 | 102,876 | \u00a0 |
| Gourmet Foods & Gift Baskets | \u00a0 | \u00a0 | 955,607 | \u00a0 | \u00a0 | \u00a0 | 785,547 | \u00a0 | \u00a0 | \u00a0 | 648,418 | \u00a0 |
| Corporate | \u00a0 | \u00a0 | 341 | \u00a0 | \u00a0 | \u00a0 | 591 | \u00a0 | \u00a0 | \u00a0 | 1,105 | \u00a0 |
| Intercompany eliminations | \u00a0 | \u00a0 | (1,637 | ) | \u00a0 | \u00a0 | (1,464 | ) | \u00a0 | \u00a0 | (1,541 | ) |
| Total net revenues | \u00a0 | $ | 2,122,245 | \u00a0 | \u00a0 | $ | 1,489,637 | \u00a0 | \u00a0 | $ | 1,248,623 | \u00a0 |
| \u00a0 | \u00a0 | Years ended | \u00a0 | |||||||||
| Operating Income | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | \u00a0 | June 30, 2019 | \u00a0 | |||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||||||
| Segment Contribution Margin: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Consumer Floral & Gifts | \u00a0 | $ | 128,625 | \u00a0 | \u00a0 | $ | 73,806 | \u00a0 | \u00a0 | $ | 49,653 | \u00a0 |
| BloomNet | \u00a0 | \u00a0 | 45,875 | \u00a0 | \u00a0 | \u00a0 | 35,111 | \u00a0 | \u00a0 | \u00a0 | 34,705 | \u00a0 |
| Gourmet Foods & Gift Baskets | \u00a0 | \u00a0 | 149,377 | \u00a0 | \u00a0 | \u00a0 | 110,627 | \u00a0 | \u00a0 | \u00a0 | 82,319 | \u00a0 |
| Segment Contribution Margin Subtotal | \u00a0 | \u00a0 | 323,877 | \u00a0 | \u00a0 | \u00a0 | 219,544 | \u00a0 | \u00a0 | \u00a0 | 166,677 | \u00a0 |
| Corporate (a) | \u00a0 | \u00a0 | (132,280 | ) | \u00a0 | \u00a0 | (106,667 | ) | \u00a0 | \u00a0 | (91,604 | ) |
| Depreciation and amortization | \u00a0 | \u00a0 | (42,510 | ) | \u00a0 | \u00a0 | (32,513 | ) | \u00a0 | \u00a0 | (29,965 | ) |
| Operating income | \u00a0 | $ | 149,087 | \u00a0 | \u00a0 | $ | 80,364 | \u00a0 | \u00a0 | $ | 45,108 | \u00a0 |
| \u00a0 | \u00a0 | Years Ended | \u00a0 | |||||||||||||||||||||||||||||||||||||||||||||
| \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | \u00a0 | June 30, 2019 | \u00a0 | |||||||||||||||||||||||||||||||||||||||
| \u00a0 | \u00a0 | Consumer | \u00a0 | \u00a0 | BloomNet | \u00a0 | \u00a0 | Gourmet | \u00a0 | \u00a0 | Consolidated | \u00a0 | \u00a0 | Consumer | \u00a0 | \u00a0 | BloomNet | \u00a0 | \u00a0 | Gourmet | \u00a0 | \u00a0 | Consolidated | \u00a0 | \u00a0 | Consumer | \u00a0 | \u00a0 | BloomNet | \u00a0 | \u00a0 | Gourmet | \u00a0 | \u00a0 | Consolidated | \u00a0 | ||||||||||||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||||||||||||||||||||||||||||||||||||||||||
| Net revenues | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| E-commerce | \u00a0 | $ | 1,015,716 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | 863,834 | \u00a0 | \u00a0 | $ | 1,879,550 | \u00a0 | \u00a0 | $ | 585,585 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | 644,800 | \u00a0 | \u00a0 | $ | 1,230,385 | \u00a0 | \u00a0 | $ | 489,463 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | 508,897 | \u00a0 | \u00a0 | $ | 998,360 | \u00a0 |
| Retail | \u00a0 | \u00a0 | 5,543 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 9,134 | \u00a0 | \u00a0 | \u00a0 | 14,677 | \u00a0 | \u00a0 | \u00a0 | 4,318 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 37,076 | \u00a0 | \u00a0 | \u00a0 | 41,394 | \u00a0 | \u00a0 | \u00a0 | 4,706 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 45,862 | \u00a0 | \u00a0 | \u00a0 | 50,568 | \u00a0 |
| Wholesale | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 45,299 | \u00a0 | \u00a0 | \u00a0 | 82,639 | \u00a0 | \u00a0 | \u00a0 | 127,938 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 33,675 | \u00a0 | \u00a0 | \u00a0 | 103,671 | \u00a0 | \u00a0 | \u00a0 | 137,346 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 29,744 | \u00a0 | \u00a0 | \u00a0 | 93,659 | \u00a0 | \u00a0 | \u00a0 | 123,403 | \u00a0 |
| BloomNet | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 97,620 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 97,620 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 78,091 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 78,091 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 73,132 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 73,132 | \u00a0 |
| Other | \u00a0 | \u00a0 | 3,756 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 3,756 | \u00a0 | \u00a0 | \u00a0 | 3,294 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 3,294 | \u00a0 | \u00a0 | \u00a0 | 3,596 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 3,596 | \u00a0 |
| Corporate | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 341 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 591 | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | 1,105 | \u00a0 |
| Eliminations | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | (1,637 | ) | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | (1,464 | ) | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | - | \u00a0 | \u00a0 | \u00a0 | (1,541 | ) |
| Total net revenues | \u00a0 | $ | 1,025,015 | \u00a0 | \u00a0 | $ | 142,919 | \u00a0 | \u00a0 | $ | 955,607 | \u00a0 | \u00a0 | $ | 2,122,245 | \u00a0 | \u00a0 | $ | 593,197 | \u00a0 | \u00a0 | $ | 111,766 | \u00a0 | \u00a0 | $ | 785,547 | \u00a0 | \u00a0 | $ | 1,489,637 | \u00a0 | \u00a0 | $ | 497,765 | \u00a0 | \u00a0 | $ | 102,876 | \u00a0 | \u00a0 | $ | 648,418 | \u00a0 | \u00a0 | $ | 1,248,623 | \u00a0 |
\u00a0
\nThe Company currently leases plants, warehouses, offices, store facilities, and equipment under various leases through fiscal 2034. Most lease agreements are of a long-term nature (over a year), although the Company does also enter into short-term leases, primarily for seasonal needs. Lease agreements may contain renewal options and rent escalation clauses and require the Company to pay real estate taxes, insurance, common area maintenance and operating expenses applicable to the leased properties. The Company accounts for its leases in accordance with ASC 842. At contract inception, we determine whether a contract is, or contains, a lease by determining whether it conveys the right to control the use of the identified asset for a period of time, by assessing whether we have the right to obtain substantially all of the economic benefits from use of the identified asset, and the right to direct the use of the identified asset.
\n\u00a0
\nAt the lease commencement date, we determine if a lease should be classified as an operating or a finance lease (we currently have no finance leases) and recognize a corresponding lease liability and a right-of-use asset on our Balance Sheet. The lease liability is initially and subsequently measured as the present value of the remaining fixed minimum rental payments (including base rent and fixed common area maintenance) using discount rates as of the commencement date. Variable payments (including most utilities, real estate taxes, insurance and variable common area maintenance) are expensed as incurred. The right-of-use asset is initially and subsequently measured at the carrying amount of the lease liability adjusted for any prepaid or accrued lease payments, remaining balance of lease incentives received, unamortized initial direct costs, or impairment charges relating to the right-of-use asset. Right-of-use assets are assessed for impairment using the long-lived assets impairment guidance. The discount rate used to determine the present value of lease payments is our estimated collateralized incremental borrowing rate, based on the yield curve for the respective lease terms, as we generally cannot determine the interest rate implicit in the lease.
\n\u00a0
\nWe recognize expense for our operating leases on a straight-line basis over the lease term. As these leases expire, it can be expected that in the normal course of business they will be renewed or replaced. Renewal option periods are included in the measurement of lease liability, where the exercise is reasonably certain to occur. Key estimates and judgments in accounting for leases include how we determine: (1) lease payments, (2) lease term, and (3) the discount rate used in calculating the lease liability.
\n\u00a0
\nAdditional information related to our leases is as follows:
\n\u00a0
\n \n| \u00a0 | \u00a0 | Years Ended | \u00a0 | |||||
| \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | ||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||
| Lease costs: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Operating lease costs | \u00a0 | $ | 14,308 | \u00a0 | \u00a0 | $ | 13,646 | \u00a0 |
| Variable lease costs | \u00a0 | \u00a0 | 19,342 | \u00a0 | \u00a0 | \u00a0 | 14,706 | \u00a0 |
| Short-term lease cost | \u00a0 | \u00a0 | 6,639 | \u00a0 | \u00a0 | \u00a0 | 6,638 | \u00a0 |
| Sublease income | \u00a0 | \u00a0 | (812 | ) | \u00a0 | \u00a0 | (941 | ) |
| Total lease costs | \u00a0 | $ | 39,476 | \u00a0 | \u00a0 | $ | 34,049 | \u00a0 |
\u00a0
\n \n \n \n| \u00a0 | \u00a0 | Years Ended | \u00a0 | |||||
| \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | ||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||
| Cash paid for amounts included in measurement of operating lease liabilities | \u00a0 | $ | 14,802 | \u00a0 | \u00a0 | $ | 11,916 | \u00a0 |
| Right-of-use assets obtained in exchange for new operating lease liabilities | \u00a0 | $ | 30,622 | \u00a0 | \u00a0 | $ | 178 | \u00a0 |
\u00a0
\n\u00a0
\n \n| \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | ||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||
| Weighted-average remaining lease term - operating leases (in years) | \u00a0 | \u00a0 | 8.7 | \u00a0 | \u00a0 | \u00a0 | 9.6 | \u00a0 |
| Weighted-discount rate - operating leases | \u00a0 | \u00a0 | 3.8 | % | \u00a0 | \u00a0 | 3.8 | % |
\u00a0
\nMaturities of lease liabilities in accordance with ASC 842 as of June 27, 2021 are as follows (in thousands):
\n\u00a0
\n \n| 2022 | \u00a0 | $ | 13,192 | \u00a0 |
| 2023 | \u00a0 | \u00a0 | 14,215 | \u00a0 |
| 2024 | \u00a0 | \u00a0 | 14,024 | \u00a0 |
| 2025 | \u00a0 | \u00a0 | 11,721 | \u00a0 |
| 2026 | \u00a0 | \u00a0 | 10,460 | \u00a0 |
| Thereafter | \u00a0 | \u00a0 | 42,674 | \u00a0 |
| Total Future Minimum Lease Payments | \u00a0 | \u00a0 | 106,286 | \u00a0 |
| Less Imputed Remaining Interest | \u00a0 | \u00a0 | 16,919 | \u00a0 |
| Total | \u00a0 | $ | 89,367 | \u00a0 |
\u00a0
\n "}]},{"name":"rpt:f-1122","factDimensions":{"xbrl:concept":"us-gaap:LeaseCostTableTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":" \n| \u00a0 | \u00a0 | Years Ended | \u00a0 | |||||
| \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | ||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||
| Lease costs: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Operating lease costs | \u00a0 | $ | 14,308 | \u00a0 | \u00a0 | $ | 13,646 | \u00a0 |
| Variable lease costs | \u00a0 | \u00a0 | 19,342 | \u00a0 | \u00a0 | \u00a0 | 14,706 | \u00a0 |
| Short-term lease cost | \u00a0 | \u00a0 | 6,639 | \u00a0 | \u00a0 | \u00a0 | 6,638 | \u00a0 |
| Sublease income | \u00a0 | \u00a0 | (812 | ) | \u00a0 | \u00a0 | (941 | ) |
| Total lease costs | \u00a0 | $ | 39,476 | \u00a0 | \u00a0 | $ | 34,049 | \u00a0 |
| \u00a0 | \u00a0 | Years Ended | \u00a0 | |||||
| \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | ||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||
| Cash paid for amounts included in measurement of operating lease liabilities | \u00a0 | $ | 14,802 | \u00a0 | \u00a0 | $ | 11,916 | \u00a0 |
| Right-of-use assets obtained in exchange for new operating lease liabilities | \u00a0 | $ | 30,622 | \u00a0 | \u00a0 | $ | 178 | \u00a0 |
| \u00a0 | \u00a0 | June 27, 2021 | \u00a0 | \u00a0 | June 28, 2020 | \u00a0 | ||
| \u00a0 | \u00a0 | (in thousands) | \u00a0 | |||||
| Weighted-average remaining lease term - operating leases (in years) | \u00a0 | \u00a0 | 8.7 | \u00a0 | \u00a0 | \u00a0 | 9.6 | \u00a0 |
| Weighted-discount rate - operating leases | \u00a0 | \u00a0 | 3.8 | % | \u00a0 | \u00a0 | 3.8 | % |
| 2022 | \u00a0 | $ | 13,192 | \u00a0 |
| 2023 | \u00a0 | \u00a0 | 14,215 | \u00a0 |
| 2024 | \u00a0 | \u00a0 | 14,024 | \u00a0 |
| 2025 | \u00a0 | \u00a0 | 11,721 | \u00a0 |
| 2026 | \u00a0 | \u00a0 | 10,460 | \u00a0 |
| Thereafter | \u00a0 | \u00a0 | 42,674 | \u00a0 |
| Total Future Minimum Lease Payments | \u00a0 | \u00a0 | 106,286 | \u00a0 |
| Less Imputed Remaining Interest | \u00a0 | \u00a0 | 16,919 | \u00a0 |
| Total | \u00a0 | $ | 89,367 | \u00a0 |
Note 17. Commitments and Contingencies
\n\u00a0
\nOther Commitments
\n\u00a0
\nThe Company\u2019s purchase commitments consist primarily of inventory, equipment and technology (hardware and software) purchase orders made in the ordinary course of business, most of which have terms less than one year. As of June 27, 2021, the Company had fixed and determinable off-balance sheet purchase commitments with remaining terms in excess of one year of approximately $20.2 million, primarily related to the Company\u2019s technology infrastructure and inventory commitments.
\n\u00a0
\nThe Company had approximately $2.3 million and $2.0 million in unused stand-by letters of credit as of June 27, 2021 and June 28, 2020, respectively.
\n\u00a0
\nLitigation
\n\u00a0
\nBed Bath & Beyond:\u00a0
\n\u00a0
\nOn April 1, 2020, Bed Bath & Beyond Inc. (\u201cBed Bath\u201d) commenced an action against the Company in the Court of Chancery for the State of Delaware, which is captioned\u00a0Bed Bath & Beyond Inc. v. 1-800-Flowers.com, et ano., C.A. (the \u201cComplaint\u201d), alleging a breach of the Equity Purchase Agreement (the \u201cAgreement\u201d), dated February 14, 2020, between Bed Bath, PersonalizationMall.com, LLC (\u201cPersonalizationMall\u201d), the Company and a subsidiary of the Company (the \u201cPurchaser\u201d) pursuant to which Bed Bath agreed to sell to Purchaser, and the Purchaser agreed to purchase from Bed Bath, all of the issued and outstanding membership interests of PersonalizationMall.\u00a0 The action was initiated after the Company requested a reasonable delay in the closing under the Agreement due to the unprecedented circumstances created by the COVID-19 pandemic.\u00a0The Complaint requested an order of specific performance to consummate the transaction under the Agreement plus attorney\u2019s fees and costs in connection with the action. The Company filed its answer to the Complaint on April 17, 2020 and an order governing expedited proceedings was approved on April 9, 2020 that set a trial date for late September 2020.\u00a0 On July 21, 2020, the Company and Bed Bath entered into a settlement agreement, pursuant to which the Company agreed to move forward with its purchase of PersonalizationMall for $245 million, subject to certain working capital and other adjustments. The transaction closed on August 3, 2020. In connection with the settlement agreement, the parties\u2019 executed a Stipulation and Proposed Order of Dismissal, resulting in the voluntary dismissal with prejudice of the litigation relating to the transaction.
\n\u00a0
\nIn addition, there are various claims, lawsuits, and pending actions against the Company and its subsidiaries incident to the operations of its businesses. It is the opinion of management, after consultation with counsel, that the final resolution of such claims, lawsuits and pending actions will not have a material adverse effect on the Company's consolidated financial position, results of operations or liquidity.
\n \n "}]},{"name":"rpt:f-1152","factDimensions":{"xbrl:concept":"us-gaap:LongTermPurchaseCommitmentAmount","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD","us-gaap:LongTermPurchaseCommitmentByCategoryOfItemPurchasedAxis":"flws:TechnologyInfrastructureMember"},"factValues":[{"value":"20200000","decimals":-5}]},{"name":"rpt:f-1153","factDimensions":{"xbrl:concept":"us-gaap:DebtInstrumentUnusedBorrowingCapacityAmount","xbrl:period":"2021-06-28T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD","us-gaap:CreditFacilityAxis":"us-gaap:LetterOfCreditMember"},"factValues":[{"value":"2300000","decimals":-5}]},{"name":"rpt:f-1154","factDimensions":{"xbrl:concept":"us-gaap:DebtInstrumentUnusedBorrowingCapacityAmount","xbrl:period":"2020-06-29T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD","us-gaap:CreditFacilityAxis":"us-gaap:LetterOfCreditMember"},"factValues":[{"value":"2000000.0","decimals":-6}]},{"name":"rpt:f-1155","factDimensions":{"xbrl:concept":"us-gaap:BusinessCombinationConsiderationTransferred1","xbrl:period":"2020-07-21T00:00:00/2020-07-22T00:00:00","xbrl:entity":"cik:0001084869","xbrl:unit":"iso4217:USD","us-gaap:BusinessAcquisitionAxis":"flws:PersonalizationMallMember"},"factValues":[{"value":"245000000","decimals":-6}]},{"name":"rpt:f-1156","factDimensions":{"xbrl:concept":"srt:ScheduleOfValuationAndQualifyingAccountsDisclosureTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":" \n1-800-FLOWERS.COM, Inc. and Subsidiaries
\nSchedule II - Valuation and Qualifying Accounts
\n\u00a0
\n \n| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | Additions | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | |||||
| Description | \u00a0 | Balance at Beginning of Period | \u00a0 | \u00a0 | Charged to Costs and | \u00a0 | \u00a0 | Charged to Other Describe | \u00a0 | \u00a0 | Deductions- Describe (a) | \u00a0 | \u00a0 | Balance at End of Period | \u00a0 | |||||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Reserves and allowances deducted from asset accounts: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Reserve for estimated doubtful accounts-accounts/notes receivable | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Year Ended June 27, 2021 | \u00a0 | $ | 5,665,000 | \u00a0 | \u00a0 | $ | 964,000 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | (2,597,000 | ) | \u00a0 | $ | 4,032,000 | \u00a0 |
| Year Ended June 28, 2020 | \u00a0 | $ | 2,777,000 | \u00a0 | \u00a0 | $ | 4,143,000 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | (1,255,000 | ) | \u00a0 | $ | 5,665,000 | \u00a0 |
| Year Ended June 30, 2019 | \u00a0 | $ | 2,418,000 | \u00a0 | \u00a0 | $ | 1,383,000 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | (1,024,000 | ) | \u00a0 | $ | 2,777,000 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Valuation allowance for deferred tax assets | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Year Ended June 27, 2021 | \u00a0 | $ | 9,681,000 | \u00a0 | \u00a0 | $ | 174,000 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | (597,000 | ) | \u00a0 | $ | 9,258,000 | \u00a0 |
| Year Ended June 28, 2020 | \u00a0 | $ | 9,872,000 | \u00a0 | \u00a0 | $ | 37,000 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | (228,000 | ) | \u00a0 | $ | 9,681,000 | \u00a0 |
| Year Ended June 30, 2019 | \u00a0 | $ | 9,972,000 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | (100,000 | ) | \u00a0 | $ | 9,872,000 | \u00a0 |
\u00a0
\n(a) Reduction in reserve due to amounts written off.\u00a0
\n "}]},{"name":"rpt:f-1157","factDimensions":{"xbrl:concept":"flws:ValuationAllowancesAndReservesTableTextBlock","xbrl:period":"2020-06-29T00:00:00/2021-06-28T00:00:00","xbrl:entity":"cik:0001084869"},"factValues":[{"value":" \n| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | Additions | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | |||||
| Description | \u00a0 | Balance at Beginning of Period | \u00a0 | \u00a0 | Charged to Costs and | \u00a0 | \u00a0 | Charged to Other Describe | \u00a0 | \u00a0 | Deductions- Describe (a) | \u00a0 | \u00a0 | Balance at End of Period | \u00a0 | |||||
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Reserves and allowances deducted from asset accounts: | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Reserve for estimated doubtful accounts-accounts/notes receivable | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Year Ended June 27, 2021 | \u00a0 | $ | 5,665,000 | \u00a0 | \u00a0 | $ | 964,000 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | (2,597,000 | ) | \u00a0 | $ | 4,032,000 | \u00a0 |
| Year Ended June 28, 2020 | \u00a0 | $ | 2,777,000 | \u00a0 | \u00a0 | $ | 4,143,000 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | (1,255,000 | ) | \u00a0 | $ | 5,665,000 | \u00a0 |
| Year Ended June 30, 2019 | \u00a0 | $ | 2,418,000 | \u00a0 | \u00a0 | $ | 1,383,000 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | (1,024,000 | ) | \u00a0 | $ | 2,777,000 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Valuation allowance for deferred tax assets | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Year Ended June 27, 2021 | \u00a0 | $ | 9,681,000 | \u00a0 | \u00a0 | $ | 174,000 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | (597,000 | ) | \u00a0 | $ | 9,258,000 | \u00a0 |
| Year Ended June 28, 2020 | \u00a0 | $ | 9,872,000 | \u00a0 | \u00a0 | $ | 37,000 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | (228,000 | ) | \u00a0 | $ | 9,681,000 | \u00a0 |
| Year Ended June 30, 2019 | \u00a0 | $ | 9,972,000 | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | - | \u00a0 | \u00a0 | $ | (100,000 | ) | \u00a0 | $ | 9,872,000 | \u00a0 |