Lucky Strike Entertainment (LUCK) POS AM12 Oct 22Prospectus update (post-effective amendment)Financial data

Company Profile

Document And Entity Information

Document And Entity Information	12 Months Ended
Document And Entity Information	Jul. 03, 2022
Document Information Line Items
Entity Registrant Name	BOWLERO CORP.
Document Type	POS AM
Amendment Flag	true
Amendment Description	This Post-Effective Amendment No. 2 to the Registration Statement on Form S-1 (File No. 333-262179) (the “Registration Statement”) of Bowlero Corp. (“Bowlero” or the “Company”), as originally declared effective by the Securities and Exchange Commission (the “SEC”) on January 31, 2022, is being filed to (i) include the information contained in Bowlero’s Annual Report on Form 10-K for the year ended July 3, 2022, that was filed with the SEC on September 15, 2022, (ii) include updated information regarding the selling securityholders named in this prospectus and the securities covered hereby, including removal of the warrants previously included herein, and (iii) update certain other information in the Registration Statement to reflect current business operations.The information included in this filing amends this Registration Statement and the prospectus contained therein. No additional securities are being registered under this Post-Effective Amendment No. 2. All applicable registration fees were paid at the time of the original filing of the Registration Statement. On April 14, 2022, we announced the redemption of the warrants. As a result of the ensuing exercises of the warrants and the redemption of the remaining warrants, the Company has no warrants outstanding.
Entity Central Index Key	0001840572
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Incorporation, State or Country Code	DE

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 03, 2022	Jun. 27, 2021
Current assets:
Cash and cash equivalents	$ 132,236	$ 187,093
Accounts and notes receivable, net of allowance for doubtful accounts of $504 and $204, respectively	5,227	3,300
Inventories, net	10,310	8,310
Prepaid expenses and other current assets	12,732	8,056
Assets held-for-sale	8,789	686
Total current assets	169,294	207,445
Property and equipment, net	534,721	415,661
Internal use software, net	11,423	9,062
Property and equipment under capital leases, net	262,703	284,077
Intangible assets, net	92,593	96,057
Goodwill	742,669	726,156
Other assets	41,022	43,780
Total assets	1,854,425	1,782,238
Current liabilities:
Accounts payable	38,217	29,489
Accrued expenses	62,854	63,650
Current maturities of long-term debt	4,966	5,058
Other current liabilities	13,123	9,176
Total current liabilities	119,160	107,373
Long-term debt, net	865,090	870,528
Long-term obligations under capital leases	397,603	374,598
Earnout liability	210,952
Other long-term liabilities	54,418	87,749
Deferred income tax liabilities	14,882	11,867
Total liabilities	1,662,105	1,452,115
Commitments and Contingencies (Note 11)
Temporary Equity
Series A preferred stock – Old Bowlero		141,162
Series A preferred stock	206,002
Redeemable Class A common stock – Old Bowlero		464,827
Stockholders’ Deficit
Class A common stock	11	10
Class B common stock	6
Additional paid-in capital	335,015
Treasury stock, at cost	(34,557)
Accumulated deficit	(312,851)	(266,472)
Accumulated other comprehensive loss	(1,306)	(9,404)
Total stockholders’ deficit	(13,682)	(275,866)
Total liabilities, temporary equity and stockholders’ deficit	$ 1,854,425	$ 1,782,238

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Jul. 03, 2022	Jun. 27, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 504	$ 204

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2022	Jun. 27, 2021
Income Statement [Abstract]
Revenues	$ 911,705	$ 395,234
Costs of revenues	609,971	374,255
Gross profit	301,734	20,979
Operating (income) expenses:
Selling, general and administrative expenses	180,702	78,335
Asset impairment	1,548	386
Gain on sale or disposal of assets	(4,109)	(46)
Other operating expense	6,968	1,131
Business interruption insurance recoveries		(20,188)
Total operating expense	185,109	59,618
Operating profit (loss)	116,625	(38,639)
Other expenses:
Interest expense, net	94,460	88,857
Change in fair value of earnout liability	25,800
Change in fair value of warrant liability	26,840
Other expense	149
Total other expense	147,249	88,857
Loss before income tax benefit	(30,624)	(127,496)
Income tax benefit	(690)	(1,035)
Net loss	(29,934)	(126,461)
Series A preferred stock dividends	(10,233)	(8,015)
Net loss attributable to common stockholders	$ (40,167)	$ (134,476)
Net loss per share attributable to Class A and B common stockholders, basic and diluted (in Dollars per share)	$ (0.26)	$ (0.92)
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted (in Shares)	155,837,154	146,848,329

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parentheticals) - $ / shares	12 Months Ended
	Jul. 03, 2022	Jun. 27, 2021
Income Statement [Abstract]
Net loss per share attributable to Class A and B common stockholders, basic and diluted	$ (0.26)	$ (0.92)
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted	155,837,154	146,848,329

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2022	Jun. 27, 2021
Income Statement [Abstract]
Net loss	$ (29,934)	$ (126,461)
Other comprehensive income (loss), net of income tax:
Unrealized gain (loss) on derivatives	60	(371)
Reclassification to earnings	8,809	9,002
Foreign currency translation adjustment	(771)	977
Other comprehensive income	8,098	9,608
Total comprehensive loss	$ (21,836)	$ (116,853)

Condensed Consolidated Statemen

Condensed Consolidated Statements of Changes in Stockholders’ Equity - USD ($) $ in Thousands	Redeemable Class A common Stock	Series A Preferred Stock	Class A common Stock	Class B common Stock	Treasury stock	Additional Paid-in capital	Accumulated deficit	Accumulated other comprehensive loss	Total
Balance (in Shares) at Jun. 27, 2020	2,069,000	106,378	3,842,428
Balance at Jun. 27, 2020	$ 160,601	$ 133,147	$ 1			$ 271,776	$ (102,701)	$ (19,012)	$ 150,064
Retroactive application of recapitalization (in Shares)	49,328,025	2,536,209	91,608,875
Retroactive application of recapitalization			$ 9				(9)
Adjusted balance, beginning of period (in Shares)	51,397,025	2,642,587	95,451,303
Adjusted balance, beginning of period	$ 160,601	$ 133,147	$ 10			271,776	(102,710)	(19,012)	150,064
Net loss							(126,461)		(126,461)
Foreign currency translation adjustment								977	977
Unrealized gain (loss) on derivatives								(371)	(371)
Reclassification to earnings								9,002	9,002
Accrued dividends on pre-merger Series A preferred stock		8,015				(8,015)			(8,015)
Change in fair value of redeemable Class A common stock of Old Bowlero	304,226					(304,226)			(304,226)
Stock based compensation						3,164			3,164
Reclass of negative APIC to accumulated deficit						37,301	(37,301)
Balance (in Shares) at Jun. 27, 2021	51,397,025	2,642,587	95,451,303
Balance at Jun. 27, 2021	$ 464,827	$ 141,162	$ 10				(266,472)	(9,404)	(275,866)
Net loss							(29,934)		(29,934)
Foreign currency translation adjustment								(771)	(771)
Unrealized gain (loss) on derivatives								60	60
Reclassification to earnings								8,809	8,809
Accrued dividends on pre-merger Series A preferred stock		4,136				(4,136)			(4,136)
Change in fair value of redeemable Class A common stock of Old Bowlero	38,864					(38,864)			(38,864)
Stock based compensation						6,804			6,804
Stock based compensation (in Shares)			93,662
Merger induced stock based compensation				$ 1		42,555			42,556
Merger induced stock based compensation (in Shares)			2,529,360	5,839,993
Issuance of common stock and preferred stock in connection with Merger Capitalization, net of Bowlero equity issuance costs and fair value of liability-classified warrants and earnout		$ 95,000	$ 4			120,805			120,809
Issuance of common stock and preferred stock in connection with Merger Capitalization, net of Bowlero equity issuance costs and fair value of liability-classified warrants and earnout (in Shares)		95,000	42,185,233	1,074,185
Settlement of pre-merger Series A preferred stock		$ (145,298)
Settlement of pre-merger Series A preferred stock (in Shares)		(2,642,587)
Conversion of Class A common stock of Old Bowlero to Series A preferred stock		$ 105,000	$ (1)			(104,999)			(105,000)
Conversion of Class A common stock of Old Bowlero to Series A preferred stock (in Shares)		105,000	(10,499,900)
Consideration to existing shareholders of Old Bowlero			$ (2)			(225,998)			(226,000)
Consideration to existing shareholders of Old Bowlero (in Shares)			(22,599,800)
Consideration paid to Old Bowlero optionholders						(15,467)			(15,467)
Exchange of redeemable Class A common stock of Old Bowlero for Class B common stock (in Shares)	(51,397,025)			51,397,025
Exchange of redeemable Class A common stock of Old Bowlero for Class B common stock	$ (503,691)			$ 5		503,686			503,691
Accrual of paid-in-kind dividends on Series A preferred stock		6,002				(6,002)			(6,002)
Repurchase of Class A common stock into Treasury stock					$ (34,557)				(34,557)
Repurchase of Class A common stock into Treasury stock (in Shares)			(3,430,667)		3,430,667
Class A common stock issued in conjunction with exercise of warrants						40,186			40,186
Class A common stock issued in conjunction with exercise of warrants (in Shares)			4,266,439
Conversion of Class B common stock into Class A common stock (in Shares)			2,400,000	(2,400,000)
Reclass of negative APIC to accumulated deficit						16,445	(16,445)
Balance (in Shares) at Jul. 03, 2022		200,000	110,395,630	55,911,203	3,430,667
Balance at Jul. 03, 2022		$ 206,002	$ 11	$ 6	$ (34,557)	$ 335,015	$ (312,851)	$ (1,306)	$ (13,682)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2022	Jun. 27, 2021
Operating activities
Net loss	$ (29,934)	$ (126,461)
Adjustments to reconcile net loss to net cash provided by operating activities:
Asset impairment	1,548	386
Depreciation and amortization	106,957	91,851
Gain on sale or disposal of assets, net	(4,109)	(46)
Income from joint venture	(388)	(223)
Loss on refinance of debt	953
Loss on settlement of warrants	149
Amortization of deferred financing costs	3,502	3,431
Amortization of deferred rent incentive	(281)	(1,766)
Non-cash interest expense on capital lease obligation	5,098	6,986
Amortization of deferred sale lease-back gain	(1,015)	(1,204)
Deferred income taxes	(6,879)	(1,418)
Stock based compensation	50,236	3,164
Distributions from joint venture	401	210
Change in fair value of earnout liability	25,800
Change in fair value of warrant liability	26,840
Changes in assets and liabilities, net of business acquisitions:
Accounts receivable and notes receivable, net	(1,928)	458
Inventories	(1,925)	(137)
Prepaids, other current assets and other assets	(6,301)	(2,184)
Accounts payable and accrued expenses	(409)	40,073
Other current liabilities	6,677	725
Other long-term liabilities	2,678	44,387
Net cash provided by operating activities	177,670	58,232
Investing activities
Purchases of property and equipment	(162,371)	(43,137)
Proceeds from sale of property and equipment	17,105	1,273
Purchases of intangible assets	(2,427)	(60)
Proceeds from sale of intangibles		140
Acquisitions, net of cash acquired	(72,652)	(4,892)
Net cash used in investing activities	(220,345)	(46,676)
Financing activities
Repurchase of Series A preferred stock – Old Bowlero	(145,298)
Proceeds from issuance of Series A preferred stock	95,000
Proceeds from issuance of Class A common stock to Isos investors	94,413
Transaction costs related to Merger recapitalization	(20,670)
Proceeds from PIPE Investment	150,604
Proceeds from Forward Investment	100,000
Payment to existing shareholders of Old Bowlero	(226,000)
Consideration paid to existing option holders of Old Bowlero	(15,467)
Repurchase of treasury stock	(31,463)
Repurchase of warrants	(5,375)
Payment of long-term debt	(10,263)	(8,211)
Payment of First Lien Credit Facility Revolver	(39,853)
Proceeds from Incremental Liquidity Facility		45,000
Payment of Incremental Liquidity Facility	(45,000)
Payments of deferred financing costs	(977)	(1,984)
Payments for tax withholdings on share-based awards	(503)
Proceeds from New Revolver	86,434
Construction allowance receipts	2,282
Net cash (used in) provided by financing activities	(12,136)	34,805
Effect of exchange rates on cash	(46)	27
Net (decrease) increase in cash and equivalents	(54,857)	46,388
Cash and cash equivalents at beginning of year	187,093	140,705
Cash and cash equivalents at end of year	$ 132,236	$ 187,093

Description of Business

Description of Business	12 Months Ended
Description of Business	Jul. 03, 2022
Accounting Policies [Abstract]
Description of Business	(1) Description of Business Bowlero Corp., a Delaware corporation, and its subsidiaries “(collectively, the Company)” are the world’s largest operator of bowling entertainment centers. The Company operates bowling centers under different brand names. The AMF branded centers are traditional bowling centers and the Bowlero branded centers offer a more upscale entertainment concept with lounge seating, enhanced food and beverage offerings, and more robust customer service for individuals and group events. The Bowlmor centers were rebranded to Bowlero and offered a more upscale entertainment concept. Additionally, within the brands, there exists a spectrum where some AMF branded centers are more upscale and some Bowlero branded centers are more traditional. All of our centers, regardless of branding, are managed in a fully integrated and consistent basis since all of our centers are in the same business of operating bowling entertainment. The following summarizes the Company’s centers by country and major brand as of the fiscal years ended July 3, 2022 and June 27, 2021: July 3, June 27, Bowlero 161 133 AMF & other 147 136 Bowlmor 2 14 Total centers in the United States 310 283 Mexico (AMF) 5 6 Canada (AMF and Bowlero) 2 2 Total 317 291 Impact of COVID-19 In mid -March -19 -opened Segment Information The Company has one reporting segment, which consists of operating a bowling entertainment business. Operating segments are identified as components of an enterprise about which separate discrete financial information is available for evaluation by the chief operating decision maker (“CODM”) in making decisions regarding resource allocation and assessing performance. Management continually assesses the Company’s operating structure, and this structure could be modified further based on future circumstances and business conditions. Our CODM assesses performance based on consolidated as well as bowling center -level The Company attributes revenue to individual countries based on the Company’s bowling center locations. The Company’s bowling centers are located in the United States, Mexico, and Canada. The Company’s revenues generated outside of the United States for fiscal years 2022 and 2021 were not material. The Company’s long -lived

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
Significant Accounting Policies	Jul. 03, 2022
Accounting Policies [Abstract]
Significant Accounting Policies	(2) Significant Accounting Policies Basis of Presentation Reverse Recapitalization: Notwithstanding the legal form of the Business Combination pursuant to the BCA, the Business Combination is accounted for as a reverse recapitalization. Under this method of accounting, Isos is treated as the acquired company and Old Bowlero is treated as the acquirer for accounting and financial statement reporting purposes. Old Bowlero has been determined to be the accounting acquirer based on evaluation of the following facts and circumstances: • • • • • As a result of Old Bowlero being the accounting acquirer, the financial reports filed with the Securities and Exchange Commission (“SEC”) by the Company subsequent to the Business Combination are prepared as if Old Bowlero is the predecessor and legal successor to the Company. The historical operations of Old Bowlero are deemed to be those of the Company. Thus, the financial statements included in this prospectus reflect (i) the historical operating results of Old Bowlero prior to the Business Combination, (ii) the combined results of the Old Bowlero and Isos following the Business Combination on December 15, 2021, (iii) the assets and liabilities of Old Bowlero at their historical cost and (iv) the Company’s post -merger -up In connection with the Business Combination, Isos changed its name to Bowlero Corp. The Company’s Class A common stock became listed on the NYSE under the symbol BOWL and warrants to purchase the Class A common stock became listed on the NYSE under the symbol BOWL.WS in lieu of the Isos ordinary shares and Isos’s warrants, respectively. Isos’ units automatically separated into the Isos ordinary shares and Isos’ warrants and ceased trading separately on the NYSE following the Closing Date. Prior to the Business Combination, Isos neither engaged in any operations nor generated any revenue. Until the Business Combination, based on Isos’ business activities, it was a shell company as defined under the Exchange Act. The consolidated assets, liabilities and results of operations prior to the reverse recapitalization are those of the Company, thus the shares and corresponding capital amounts and losses per share, prior to the reverse recapitalization, have been retroactively restated based on shares reflecting the exchange ratio of 24.841 established in the BCA. Principles of Consolidation: Fiscal Year: th -three rd -two Reclassification: — Property and Equipment Use of Estimates: -lived -insurance -19 Fair -value Estimates: Level 1: Quoted prices in active markets that are accessible at the measurement date for identical assets and liabilities. Level 2: Observable prices that are based on inputs not quoted on active markets, but are corroborated by market data. Level 3: Unobservable inputs are used when little or no market data is available. Cash and Cash Equivalents: Accounts Receivable: -off -due -balance Inventories: Prepaid Expenses and Other Current Assets: Property and Equipment: -line Leasehold improvements are recorded at cost. Amortization of leasehold improvements is calculated principally on the straight -line Internal costs, including compensation and employee benefits for employees directly associated with capital projects, are capitalized and amortized over the estimated useful life of the asset. Estimated useful lives of property and equipment are as follows: Buildings and improvements 2 – 39 years Leasehold improvements lesser of asset’s useful life or lease term (1 month – 20 years) Equipment, furniture, and fixtures 2 – 15 years Expenditures for routine maintenance and repairs that do not improve or extend the life of an asset are expensed as incurred. Improvements are capitalized and amortized over the lesser of the remaining life of the asset or, if applicable, the lease term. Upon retirement or sale of an asset, its cost and related accumulated depreciation are removed from property and equipment and any gain or loss is recognized. The Company’s policy is to capitalize interest cost incurred on debt during the construction of major projects. Interest costs are capitalizable for all assets that require a period of time to get them ready for their intended use (an acquisition period). The amount capitalized in an accounting period is determined by applying the capitalization rate to the accumulated expenditures for the asset during the period. The capitalization rate used is based on the rates applicable to borrowings outstanding during the acquisition period. Leases: -line -free are excluded from minimum lease payments. For capital leases, we record interest expense on the obligation and amortize the asset over the lease term. We record a capital lease liability equal to the present value of the minimum lease payments over the lease term discounted using the incremental borrowing rate for that lease. We calculate the current portion of our capital lease obligation as the total payments that are due in the next 12 months that are attributed to principal payments in the capital lease obligation amortization schedule. Tenant Improvement Incentives -term Internal Use Software: -use three five Costs related to the development or purchase of internal -use Goodwill and Intangible Assets: Indefinite -lived intangible assets -pin Finite -lived intangible assets -lived -line Favorable and Unfavorable leases: -term -line Impairment of Goodwill, Intangible and Long -Lived Assets: We perform our annual impairment testing on the first day of our fiscal fourth quarter of each year. When evaluating goodwill and tradenames for impairment, the Company first performs a qualitative assessment to determine whether it is more likely than not that its reporting unit or tradenames are impaired. For fiscal 2021, the Company performed a quantitative assessment of goodwill using the income approach due to the economic impact of the COVID -19 qualitative assessment of goodwill and concluded it was not more likely than not that the fair value of the reporting unit was less than its carrying value. There were no impairment charges for goodwill or indefinite -lived For long -lived -lived -lived Derivatives: For financial derivative instruments that are designated as a cash flow hedge for accounting purposes, the effective portion of the gain or loss on the financial derivative instrument is reported as a component of other comprehensive income and reclassified into earnings in the same line item associated with the forecasted transaction, and in the same period or periods during which the forecasted transaction affects earnings. Gains and losses on the financial derivative representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in current earnings. We have entered into interest rate swap agreements that effectively modified our exposure to interest rate risk by converting a portion of our interest payments on floating rate debt to a fixed rate basis, thus reducing the impact of interest rate changes on future interest expense. These agreements typically involved the receipt of floating rate amounts in exchange for fixed interest rate payments over the life of the agreements without an exchange of the underlying principal amount. See Note 9 — Debt Self -Insurance Programs: -insured -loss -party -insurance -loss -loss -insured The short -term -insurance -term -term -loss Income Taxes: of events that have been, or will be, reported in different years for financial statement purposes than tax purposes. Deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which these items are expected to reverse. We review our deferred tax assets to determine if it is more -likely-than-not -likely-than-not The Company recognizes tax benefits related to uncertain tax positions if we believe it is more likely than not the benefit will be realized. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which a change in judgment occurs. Interest and penalties were $3 in fiscal year 2022 and $36 in fiscal year 2021. The U.S. federal, and in general, state returns are open to examination for the fiscal year ended June 30, 2019 and thereafter. The net operating loss carryforward from fiscal year ended July 3, 2005 is also open to examination. Revenue Recognition: Fiscal Year Ended July 3, % of June 27, % of Major revenue categories: Bowling $ 452,349 51 % $ 203,730 52 % Food and beverage 321,441 35 % 128,393 32 % Amusement 118,940 13 % 48,414 12 % Media 18,975 2 % 14,697 4 % Total revenues $ 911,705 100 % $ 395,234 100 % Bowling revenue Food and beverage revenue -in-time Amusement revenue -in-time Media revenue -year -alone -in-time The Company sells gift and game cards that do not expire. Gift and game card revenue is recognized as gift and game cards or game -play recorded as an unearned gift and game card revenue liability when sold. Unearned gift and game card revenue or deferred revenue is reported in accrued expenses in the consolidated balance sheets and is disclosed in Note 8 — Accrued Expenses The Company also has a loyalty program called the Most Valuable Bowler (MVB) program. MVB participants earn rewards in the form of coupons or points based on their cumulative spend with an expiration date. The loyalty program creates material rights, which are valued as separate performance obligations and deferred until use or expiration. The deferred portion is included in deferred revenue and is not material to the financial statements. From time to time, the Company offers discount vouchers through outside vendors. Revenue for these vouchers is recognized as revenue when the voucher is redeemed by the guest or as breakage on a pro -rated Taxes collected from customers and remitted to government authorities are excluded from revenue in the consolidated statement of operations. The remittance obligation is included in accrued liabilities until the taxes are sent to the appropriate taxing authorities. Costs of Revenues: Selling, General and Administrative Expenses (“SG&A”): Other Operating Expenses: Pre -Opening Costs: -opening Share -Based Compensation: -date -based -line -based -based assets for awards that may result in deductions on the Company’s income tax returns, based on the amount of compensation cost recognized and the Company’s statutory tax rate in the jurisdiction in which it will receive a deduction. We use the Black -Scholes-Merton • Fair value of common stock -party • Expected Term -based -point • Expected volatility -traded • Risk -free interest rate -free • Expected dividend yield Advertising and Television Costs: Foreign Currency Translation: Assets and liabilities of foreign subsidiaries are translated into U.S. dollars using rates of exchange at the balance sheet date. Translation adjustments are recorded in other comprehensive income (loss). Revenues and expenses are translated at rates of exchange in effect during the year. Transaction gains and losses are recorded in net income (loss). Commitments and contingencies: Business Interruption Insurance: -19 Series A Preferred Stock: -merger Common Stock, Preferred Stock and Stockholders’ Equity Net Loss Per Share Attributable to Common Stockholders: -class -forfeitable -class Net Loss Per Share Earnouts: -operating -Carlo -free -40 -term Earnouts Fair Value of Financial Instruments Warrants: Warrants -operating -40 -term Emerging Growth Company Status: -Oxley Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non -emerging Recently Adopted Accounting Standards: -19 -19 -related -19 -19 a. b. In certain circumstances, the Company adopted option (a) for deferrals of rental payments and option (b) for abatements. Recently Issued Accounting Standards: -02 -02 -13 -01 -11 -20 -01 -05 -02 -of-use -of-use right to use that asset, which is the present value of future payments. Operating leases will remain being expensed on the straight -line -loaded As a result of ASU 2020 -05

Business Combinations and Acqui

Business Combinations and Acquisitions	12 Months Ended
Business Combinations and Acquisitions	Jul. 03, 2022
Business Combinations [Abstract]
Business Combinations and Acquisitions	(3) Business Combinations and Acquisitions Business Combination: -related Recapitalization Cash-Isos Acquisition Corporation Trust $ 254,851 Less: Isos transaction costs paid from Trust (23,869 ) Less: Redemptions of existing shareholders of Isos (136,569 ) Net cash proceeds from SPAC shareholders $ 94,413 Cash-PIPE issuance $ 150,604 Cash-Forward issuance 100,000 Net cash proceeds from SPAC shareholders 94,413 Cash-Preferred issuance 95,000 Less: Bowlero transaction costs (20,670 ) Total cash received, net of transaction costs 419,347 Payoff of preferred stock and accumulated dividends (145,298 ) Consideration to existing Bowlero shareholders (226,000 ) Consideration to Bowlero option holders (15,467 ) Total distributions (386,765 ) Net cash received $ 32,582 Earnout liability $ 181,113 Warrant liability 22,426 Total liabilities recognized $ 203,539 After making adjustments to the issuance of the Business Combination consideration shares, the redemption of the Isos ordinary shares, the consummation of the PIPE Offerings and the Forward Purchase Contract, the roll -over employees and the conversion of common shares to preferred shares, there were 165,378,145 The Company expensed $2,956 in transaction costs for amounts allocated to that portion of the earnouts related to Bowlero rather than as an offset to equity. Acquisitions: Acquisitions that meet the definition of a business under ASC 805, “Business Combinations,” are accounted for using the acquisition method of accounting. The Company estimates the fair value of the tangible and intangible assets acquired and liabilities assumed as of the acquisition date for business combinations and utilizes valuation specialists to assist in doing so. For business combinations, we will continue to evaluate and refine the estimates used to record the fair value of the assets acquired and liabilities assumed throughout the permitted measurement period, which may result in corresponding offsets to goodwill in future periods. We expect to finalize the valuations as soon as possible, but no later than one year from the acquisition dates. The goodwill acquired in the business combinations represents: • • • From the business combinations during fiscal year 2022, $8,097 of the goodwill recognized is deductible for tax purposes. Acquisitions that do not meet the definition of a business under ASC 805 are accounted for as an asset acquisition, using a cost accumulation model. Assets acquired and liabilities assumed are recognized at cost, which is the consideration the acquirer transfers to the seller, including direct transaction costs, on the acquisition date. The cost of the acquisition is then allocated to the assets acquired based on their relative fair values. Goodwill is not recognized in an asset acquisition. 2022 Business Combinations: The following table summarizes the final and preliminary purchase price allocations for the fair values of the identifiable assets acquired, components of consideration transferred and the transactional related expenses using the acquisition method of accounting: Identifiable assets acquired and liabilities assumed Final Preliminary Total Current assets $ 2,531 $ 16 $ 2,547 Property and equipment 32,718 17,293 50,011 Identifiable intangible assets 3,400 620 4,020 Goodwill 14,944 1,762 16,706 Total assets acquired 53,593 19,691 73,284 Current liabilities (447 ) (100 ) (547 ) Total liabilities assumed (447 ) (100 ) (547 ) Total fair value, net of cash acquired of $49 $ 53,146 $ 19,591 $ 72,737 Components of consideration transferred Cash 50,068 19,191 69,259 Holdback 1,608 400 2,008 Contingent consideration 1,470 — 1,470 Total consideration transferred $ 53,146 $ 19,591 $ 72,737 Transaction expenses included in “other operating expense” in the consolidated statement of operations for fiscal year 2022 $ 880 $ 241 $ 1,121 2022 Asset Acquisitions: Identifiable assets acquired and liabilities assumed Bowl Other Asset Total Current assets $ 2,949 $ 5 $ 2,954 Property and equipment 40,121 8,564 48,685 Identifiable intangible assets 1,099 1,136 2,235 Assets held for sale 10,985 — 10,985 Current liabilities (1,426 ) (81 ) (1,507 ) Deferred tax liability (9,107 ) — (9,107 ) Total consideration transferred $ 44,621 $ 9,624 $ 54,245 2021 Business Combination: The following table summarizes the purchase price allocation for the fair values of the identifiable assets acquired, components of consideration transferred and the transactional related expenses using the acquisition method of accounting: Identifiable assets acquired and liabilities assumed Total Current assets $ 90 Property and equipment 181 Identifiable intangible assets 465 Goodwill 2,350 Total assets acquired 3,086 Current liabilities 326 Total liabilities assumed 326 Total fair value, net of cash acquired of $5 $ 2,760 Components of consideration transferred Cash $ 2,760 Transaction expenses included in “other operating expense” in the consolidated statement of operations for fiscal year 2021 $ 69 The following summarizes key valuation approaches and assumptions utilized in calculating the fair values for Business Combinations and Asset Acquisitions, which are accounted for under the acquisition method of accounting and cost accumulation model, respectively: Property and equipment Assets held for sale Intangible assets -competition – Trade names: -from-royalty -derived – Non-Competition: -compete -competition -competition agreements include: potential competitor impact on revenue and expense projections, discount rate based on the Company’s WACC adjusted for risks commonly inherent in intangible assets, specifically non -compete – Customer relationships: – Liquor licenses: Contingent Consideration (i) (ii) -cash These inputs are classified as level 3 on the fair value hierarchy. Deferred Tax Liability -taxable

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
Goodwill and Other Intangible Assets	Jul. 03, 2022
Goodwill and Other Intangible Assets [Abstract]
Goodwill and Other Intangible Assets	(4) Goodwill and Other Intangible Assets Goodwill: The changes in the carrying amount of goodwill for the fiscal years ended July 3, 2022 and June 27, 2021: Balance June 28, 2020 $ 724,932 Goodwill resulting from acquisitions made during fiscal 2021 2,350 Foreign currency translation adjustment (1,126 ) Balance as of June 27, 2021 726,156 Goodwill resulting from acquisitions during fiscal 2022 16,706 Goodwill adjustments made during fiscal 2022 (193 ) Balance as of July 3, 2022 $ 742,669 Intangible Assets: July 3, 2022 June 27, 2021 Weighted Gross Accumulated amortization Net Weighted Gross Accumulated Net Finite-lived intangible assets: AMF trade name 2 $ 9,900 $ (8,593 ) $ 1,307 1 $ 9,900 $ (7,920 ) $ 1,980 Bowlmor trade name 0 6,500 (6,500 ) — 6 6,500 (2,600 ) 3,900 Other acquisition trade names 4 1,761 (651 ) 1,110 7 1,010 (173 ) 837 Customer relationships 2 21,112 (13,989 ) 7,123 3 18,370 (10,471 ) 7,899 Management contracts 2 1,800 (1,443 ) 357 2 1,800 (1,150 ) 650 Non-compete agreements 4 2,450 (1,067 ) 1,383 4 1,200 (514 ) 686 PBA member, sponsor & media relationships 8 1,400 (504 ) 896 8 1,400 (322 ) 1,078 Other intangible assets 4 921 (133 ) 788 — — — 3 45,844 (32,880 ) 12,964 4 40,180 (23,150 ) 17,030 Indefinite-lived intangible assets: Liquor licenses 9,629 — 9,629 9,027 — 9,027 PBA trade name 3,100 — 3,100 3,100 — 3,100 Bowlero trade name 66,900 — 66,900 66,900 — 66,900 79,629 — 79,629 79,027 — 79,027 $ 125,473 $ (32,880 ) $ 92,593 $ 119,207 $ (23,150 ) $ 96,057 The Company reviewed the estimated useful life of its Bowlmor tradename as part of the Company’s plans to rebrand its Bowlmor centers to Bowlero centers. Based on that review, the Company determined that the intangible asset associated with the Company’s Bowlmor tradename has a useful life shorter than initially estimated. During the fiscal quarter ended December 26, 2021, the Company adjusted the remaining useful life of the Bowlmor tradename from 5.75 years to 6 months. The change in useful life was made as a prospective adjustment and resulted in an increase in amortization expense of $3,412 for the fiscal year ended July 3, 2022. The following table shows amortization expense for finite -lived Fiscal Year Ended July 3, June 27, Amortization expense $ 9,461 $ 6,030 The estimated aggregate amortization expense for finite -lived 2023 2024 2025 2026 2027 Thereafter Amortization expense $ 6,088 $ 4,453 $ 879 $ 648 $ 370 $ 526 Favorable and unfavorable leases: The Company has favorable lease assets of $30,732 and $34,618, net of $14,002 and $12,300 accumulated amortization, reported in other assets in the consolidated balance sheets for the fiscal years ended July 3, 2022 and June 27, 2021, respectively. Total amortization expenses for fiscal years 2022 and 2021 were $4,265 and $3,075, respectively. The Company has unfavorable lease liabilities of $294 and $1,096, net of $2,537 and $5,135 accumulated amortization, reported in other long -term

Property and Equipment

Property and Equipment	12 Months Ended
Property and Equipment	Jul. 03, 2022
Property and Equipment [Abstract]
Property and Equipment	(5) Property and Equipment As of July 3, 2022 and June 27, 2021, property and equipment consists of: July 3, June 27, Land $ 77,006 $ 19,879 Buildings and improvements 69,219 16,155 Leasehold improvements 349,534 313,441 Equipment, furniture, and fixtures 375,780 315,719 Construction in progress 15,638 27,028 887,177 692,222 Accumulated depreciation (352,456 ) (276,561 ) Property and equipment, net of accumulated depreciation $ 534,721 $ 415,661 The following table shows depreciation expense related to property and equipment for each reporting period: Fiscal Year Ended July 3, June 27, Depreciation expense $ 77,471 $ 67,934 Assets held for sale: Total assets held for sale at July 3, 2022 and June 27, 2021 of $8,789 and $686, included liquor licenses of $315 and $175, respectively. Assets held for sale are valued at the lower of its carrying value or its fair value less the costs to sell. During the fiscal year ended July 3, 2022, we acquired approximately $8,474 in real property, which we plan to sell within the next 12 months.

Leases

Leases	12 Months Ended
Leases	Jul. 03, 2022
Leases [Abstract]
Leases	(6) Leases The Company leases various assets under non -cancellable The Company has three master lease agreements with a single landlord covering over 200 bowling centers. Our three master leases contain initial terms ending in 2044 and 2047 with 8 renewal options for 10 years each. Most of our real estate leases have terms ranging from 10 to 15 years with renewal options that are typically for five Most of our leases contain payments for some or all of the following: base rent, contingent rent, common area maintenance, insurance, real -estate -determined Operating Leases: -term In addition to previously received rent concessions, in response to the economic effects of the COVID -19 Capital Leases: The following tables summarize the Company’s costs for operating and capital leases: Fiscal Year Ended July 3, June 27, Operating Leases Rent expense $ 55,189 $ 58,114 Capital Leases Interest expense $ 39,514 $ 35,599 Amortization expense 12,940 12,870 Total capital lease cost $ 52,454 $ 48,469 The future minimum rent payments under our operating and capital leases as of July 3, 2022, were as follows: Operating Capital 2023 $ 49,783 $ 41,261 2024 46,800 42,524 2025 50,345 42,551 2026 47,767 37,426 2027 48,269 39,989 Thereafter 525,028 995,185 Total rent payments $ 767,992 $ 1,198,936 Less: Imputed interest payments for capital leases 798,306 Present value of capital lease obligation $ 400,630

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	12 Months Ended
Supplemental Cash Flow Information	Jul. 03, 2022
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	(7) Supplemental Cash Flow Information The table below presents supplemental cash flow information for each reporting period: Fiscal Year Ended July 3, June 27, Cash paid during the period for: Interest $ 88,292 $ 81,685 Income taxes, net of refunds 3,898 818 Noncash investing and financing transactions: Capital expenditures in accounts payable 8,895 4,193 Capital lease assets obtained in exchange for capital lease liabilities 7,463 5,401 Modifications of capital lease assets and liabilities (15,001 ) 6,971 Change in fair value of interest rate swap 8,869 8,631 Issuance of warrants in Business Combination 22,426 — Issuance of earnout shares in Business Combination 181,113 — Warrant redemption (40,156 ) — Unsettled treasury stock trade payable 3,094 —

Accrued Expenses

Accrued Expenses	12 Months Ended
Accrued Expenses	Jul. 03, 2022
Accrued Expenses [Abstract]
Accrued Expenses	(8) Accrued Expenses As of July 3, 2022 and June 27, 2021, accrued expenses consist of: July 3, June 27, Compensation $ 15,746 $ 13,577 Taxes and licenses 11,568 9,646 Customer deposits 10,728 7,114 Insurance 5,229 8,285 Deferred revenue 6,384 5,885 Utilities 4,185 3,399 Deferred rent 3,252 4,384 Professional fees 3,062 4,473 Interest 498 4,693 Other 2,202 2,194 Total accrued expenses $ 62,854 $ 63,650

Debt

Debt	12 Months Ended
Debt	Jul. 03, 2022
Debt Disclosure [Abstract]
Debt	(9) Debt The following table summarizes the Company’s debt structure as of July 3, 2022 and June 27, 2021: July 3, June 27, First Lien Credit Facility Term Loan (Maturing July 3, 2024 and bearing variable rate interest; 5.17% and 4.55% at July 3, 2022 and June 27, 2021, respectively, excluding impact of hedging) $ 790,271 $ 800,534 New Revolver (Maturing April 4, 2024 and bearing variable rate interest; 4.13% at July 3, 2022) 86,434 — First Lien Credit Facility Revolver — 39,853 Incremental Liquidity Facility — 45,000 876,705 885,387 Less: Unamortized financing costs (6,649 ) (9,800 ) Current portion of unamortized financing costs 3,245 3,152 Current maturities of long-term debt (8,211 ) (8,211 ) Total long-term debt $ 865,090 $ 870,528 As of July 3, 2022, minimum repayments of debt by fiscal year were as follows: 2023 $ 8,211 2024 94,645 2025 773,849 $ 876,705 First Lien Credit Facility Term Loan: Obligations owed under the First Lien Credit Facility Term Loan bear interest at a rate per annum equal to the applicable LIBOR rate, subject to a floor of 1.00%, plus an applicable margin of 3.50%. Interest on term loans under the First Lien Facility bearing interest based upon the Base Rate will be due quarterly, and interest on loans bearing interest based upon the LIBOR rate will be due on the last day of each relevant interest period or, if sooner, on the respective dates that fall every three months after the beginning of such interest period. Pursuant to the First Lien Guarantee and Collateral Agreements, obligations owed under the First Lien Credit Facility are secured by a first priority security interest on substantially all assets of Bowlero Corp and the guarantor subsidiaries. The First Lien Credit Agreement contains customary events of default, restrictions on indebtedness, liens, investments, asset dispositions, dividends and affirmative and negative covenants. New Revolver: Pursuant to the Sixth Amendment, the revolving credit facility under the First Lien Credit Agreement was refinanced and replaced by a $140,000 senior secured revolving credit facility (“New Revolver”), which has a maturity date of the earlier of December 15, 2026 or the date that is 90 days prior to the scheduled maturity date of any term loans outstanding under the First Lien Credit Agreement in an aggregate principal amount exceeding $175,000. Since the term loan under the First Lien Credit Agreement matures on July 3, 2024, the maturity date for the New Revolver is currently April 4, 2024. Interest on borrowings under the New Revolver is initially based on either the Adjusted Term Secured Overnight Financing Rate (“SOFR”) or the Alternate Base Rate, as further described in the First Lien Credit Agreement. In addition, on December 17, 2021, Bowlero entered into a Seventh Amendment (“Seventh Amendment”) to the First Lien Credit Agreement pursuant to which the total revolving commitments under the New Revolver were increased by $25,000 to an aggregate amount of $165,000. No changes, other than increasing the aggregate principal amount of revolving commitments thereunder, were made to the terms of the New Revolver in connection with the Seventh Amendment. The New Revolver is subject to, among other provisions, covenants regarding indebtedness, liens, negative pledges, restricted payments, certain prepayments of indebtedness, cross -default -back The New Revolver is also subject to customary events of defaults. Payment of borrowings under the New Revolver may be accelerated if there is an event of default, and Bowlero would no longer be permitted to borrow additional funds under the New Revolver while a default or event of default were outstanding. No changes were made to the terms of the term loan under the First Lien Credit Agreement in connection with the Sixth Amendment or the Seventh Amendment. Incremental Liquidity Facility: The Company had previously entered into a $150,000 Incremental Liquidity Facility with JP Morgan Chase Bank, N.A. as the lender with a maturity date of July 3, 2024 at an interest rate of the applicable LIBOR rate plus an initial applicable margin of 3.00%. The loan was structured as a revolver, with $45,000 utilized at the closing date and with the remaining $105,000 available subject to approval by Atairos as credit support provider and the prior satisfaction of certain conditions. The Incremental Liquidity Facility was secured on a pari passu first lien basis with the existing credit facility (with respect to assets of Bowlero Corp. and its guarantor subsidiaries). First Lien Credit Facility Revolver: The Company had previously entered into a $50,000 First Lien Credit Facility Revolver with JP Morgan Chase Bank, N.A. as the lender with a maturity date of July 3, 2022. Obligations owed under the First Lien Credit Facility bore interest at a rate per annum equal to the applicable LIBOR rate, subject to a floor of 1.00%, plus an applicable margin of 3.75% to 4.25% depending on the leverage level. Interest on loans under the First Lien Facility bearing interest based upon the Base Rate was due quarterly, and interest on loans bearing interest based upon the LIBOR rate was due on the last day of each relevant interest period or, if sooner, on the respective dates that fall every three months after the beginning of such interest period. The Base Rate was defined as a rate per annum equal to the highest of (a) the Federal Funds Effective Rate in effect on such day plus 0.50%, (b) to the extent ascertainable, the Published LIBOR Rate plus 1.00%, (c) the Prime Rate and (d) solely with respect to the expanded term loan under the July 2018 Credit Agreement, 2.00%. Pursuant to the First Lien Credit Agreement collateral and guarantee requirement, obligations owed under the First Lien Credit Facilities were secured by a first priority security interest on substantially all assets of Bowlero Corp. and the guarantor subsidiaries. The First Lien Credit Agreement contained customary events of default, restrictions on indebtedness, liens, investments, asset dispositions, dividends and affirmative and negative covenants. Letters of Credit: Covenant Compliance: Interest rate swaps and caps Derivatives: June 27, Notional Expiration Interest rate swaps $ 552,500 June 30, 2022 Interest rate caps 97,500 March 31, 2022 Total notional amounts $ 650,000 Under the swap agreements, the Company paid a fixed rate of interest of 2.561% and received an average variable rate of the one -month The fair value of the swap and cap agreements as of June 27, 2021 was a liability of $8,869, and was included in other current liabilities in the consolidated balance sheet. The reclassifications from accumulated other comprehensive income (“AOCI”) into income during each reporting period were as follows: July 3, June 27, Interest expense reclassified from AOCI into net loss $ 8,809 $ 9,002 The fair value of the swap and cap Agreements excludes accrued interest and takes into consideration current interest rates and current likelihood of the swap counterparties’ compliance with its contractual obligations. There are no income taxes related to the amounts recorded to AOCI due to tax credits and the full valuation allowance on deferred taxes.

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Jul. 03, 2022
Income Tax Disclosure [Abstract]
Income Taxes	(10) Income Taxes Total loss before income taxes consists of: Fiscal Year Ended July 3, June 27, Loss before tax: U.S. $ (31,388 ) $ (123,360 ) Foreign 764 (4,136 ) Total loss before tax $ (30,624 ) $ (127,496 ) Income tax (benefit) expense consists of the following: Fiscal Year Ended July 3, June 27, Current income tax provision: Federal $ 2,481 $ — State and local 3,601 505 Foreign 107 (122 ) Total current provision 6,189 383 Deferred income tax provision: Federal (6,307 ) 9 State and local (895 ) (1,707 ) Foreign 323 280 Total deferred provision (6,879 ) (1,418 ) Total income tax benefit $ (690 ) $ (1,035 ) The 2022 and 2021 provision for income taxes differs from the amount computed by applying the statutory rate to the income before income taxes primarily due to the changes in the valuation allowance, state and local taxes and for 2022, items associated with the Business Combination and asset acquisitions. Fiscal Year Ended July 3, 2022 June 27, 2021 Federal statutory rate $ (6,431 ) 21.0 % $ (26,774 ) 21.0 % State and local tax net of federal benefit 6,675 (21.8 ) (6,190 ) 4.9 Deferred tax asset valuation allowance (29,901 ) 97.6 34,060 (26.7 ) Business Combination and asset acquisition items 10,800 (35.3 ) — — Compensation limited by section 162(m) of the Internal Revenue Code 17,590 (57.4 ) — — Uncertain tax positions 1 — 2 0.0 Foreign tax rate difference 65 (0.2 ) (1,251 ) 1.0 Other 511 (1.6 ) (882 ) 0.6 Effective tax rate $ (690 ) 2.3 % $ (1,035 ) 0.8 % The Company’s effective tax rate was impacted by the reduction of the valuation allowance due to the recognition of deferred tax liabilities with the Bowl America acquisition, as well as becoming subject to Section 162(m) of the Internal Revenue Code that limits executive compensation tax deductibility and non -deductible As of July 3, 2022, the Company had a net consolidated income tax receivable of $147 reflected in other current assets, a current consolidated income tax payable of $2,417 reflected in other current liabilities and a non -current -term -current -term The tax effects of temporary differences and carryforwards that give rise to significant components of deferred income tax assets and liabilities consist of: July 3, June 27, Deferred income tax assets: Reserves not currently deductible $ 21,961 $ 40,458 Capital lease liability 105,157 98,545 Net operating loss, interest, and tax credit carryforwards 109,504 132,184 Subtotal 236,622 271,187 Less: Valuation allowance 138,605 166,323 Total net deferred income tax assets 98,017 104,864 Deferred income tax liabilities: Property and equipment 83,994 85,377 Favorable and unfavorable leases 7,827 8,886 Goodwill and intangibles 21,078 22,468 Total deferred income tax liabilities 112,899 116,731 Net deferred income tax liabilities $ 14,882 $ 11,867 As of July 3, 2022, the Company has U.S. tax credit carryforwards of $209, U.S. federal net operating loss carryforwards (NOLs) of $460,572, and interest carryforward of $20,825. As of June 27, 2021, the Company has U.S. tax credit carryforwards of $209, U.S. federal net operating loss carryforwards (NOLs) of $546,452, and interest carryforward of $24,340. The tax credits were generated in the July 1, 2007 and June 29, 2008 tax years. The credits have a 20 -year Realization of deferred tax assets associated with deductible temporary differences, net operating losses and other carryforwards is dependent on generating sufficient future taxable income. Under Sections 382 and 383 of the Code, the Company’s federal net operating loss carryforwards and other tax attributes may become subject to an annual limitation in the event of certain cumulative changes in the ownership of the Company’s stock. An “ownership change” pursuant to Section 382 of the Code generally occurs if one or more stockholders or group of stockholders who own at least 5% of a company’s stock increase their ownership by more than 50 percentage points over their lowest ownership percentage within a rolling three year period. The Company’s ability to utilize certain net operating loss carryforwards and other tax attributes to offset future taxable income or tax liabilities may be limited as a result of ownership changes. Similar rules may apply under state laws. It is currently estimated that $276,057 of the Company’s NOLs are subject to limitation due to the changes in ownership that occurred in 2004 and 2017 and that $195,900 of this amount may expire unused even if there is sufficient taxable income to absorb such NOLs. The Company has not experienced an ownership change, as defined under Section 382 and 383, since July 2017. Based on the historical losses of the Company and limitations placed on NOLs due to changes in ownership in 2004 and 2017, the Company believes it is more -likely-than-not A reconciliation of the beginning and ending amount of unrecognized tax benefits for the fiscal years ended July 3, 2022 and June 27, 2021 was as follows: July 3, June 27, Balance at beginning of year $ 26 $ 22 Additions for tax positions of prior years 1 4 Reductions for tax positions of prior years — — Tax settlements — — Balance at end of year $ 27 $ 26 The amount of unrecognized tax benefits that, if recognized, would impact the effective tax rate at July 3, 2022 was $6, along with $21 affecting deferred taxes. The amount of unrecognized tax benefits that, if recognized, would impact the effective tax rate at June 27, 2021 was $5, along with $21 affecting deferred taxes. As of July 3, 2022 and June 27, 2021, the Company had not recorded an income tax liability on certain undistributed earnings of its foreign subsidiaries. It is expected that these earnings will be permanently reinvested in the operations within the respective country. The Company has not calculated the deferred tax liability that would come due if the earnings were distributed to the U.S. as the calculations are not material.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Jul. 03, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	(11) Commitments and Contingencies Litigation and Claims: -insured There is currently a group of approximately 76 pending claims, filed with the Equal Employment Opportunity Commission (the “EEOC”) between 2016 and 2019, generally relating to claims of age discrimination. To date, the EEOC issued determinations of probable cause as to thirteen of the charges, which the Company contests and intends to defend vigorously. The EEOC has also alleged a pattern or practice of age discrimination, which resulted in a determination of probable cause and, on August 22, 2022, a proposal for the Company to participate in conciliation. The EEOC’s proposal includes a demand for monetary and non -monetary

Warrants

Warrants	12 Months Ended
Warrants	Jul. 03, 2022
Warrants Note Disclosure Abstract
Warrants	(12) Warrants Warrant activity from the Closing Date to July 3, 2022 is as follows: Warrants outstanding at Closing Date Repurchased Exercised (a) Redeemed Warrants outstanding at July 3, Publicly traded warrants 11,827,864 (2,690,272 ) (9,128,891 ) (8,701 ) — Private placement warrants 3,778,480 — (3,778,480 ) — — Unvested private placement warrants 1,619,348 — (1,619,348 ) — — Total 17,225,692 (2,690,272 ) (14,526,719 ) (8,701 ) — ____________ (a) — Earnouts Share and Warrant Repurchase Plan: Common Stock, Preferred Stock and Stockholders’ Equity Redemption of Public and Private Placement Warrants: After the announcement and prior to the Redemption Date, holders of the warrants could choose to elect to exercise their warrants on a “cashless basis” by receiving a number of shares of Class A common stock based on the volume weighted average price of the Class A common stock for the ten trading days immediately following on the third trading day prior to the date on which notice of redemption was delivered to holders (the “Redemption Fair Market Value”), which was $12.0985 per warrant. As a result, holders who exercised their warrants on a “cashless” basis before the Redemption Date received 0.2936 As a result of the completion of the redemption of the warrants, the Company issued 4,266,439

Earnouts

Earnouts	12 Months Ended
Earnouts	Jul. 03, 2022
Earnouts Abstract
Earnouts	(13) Earnouts Old Bowlero’s stockholders and option holders received additional shares of Bowlero common stock (the “Earnout Shares”). Earnout Shares vest during the period from and after the Closing Date until the fifth anniversary of the Closing Date (the “Earnout Period”). The following tranches of Earnout Shares were issued to Old Bowlero stockholders: (a) -trading (b) -trading During the Earnout Period, if Bowlero experiences an Acceleration Event, which as detailed in the BCA includes a change of control, liquidation or dissolution of the Company, bankruptcy or the assignment for the benefit of creditors the appointment of a custodian, receiver or trustee for all or substantially all the assets or properties of the Company, then any Earnout Shares that have not been previously issued by Bowlero (whether or not previously earned) to the Bowlero stockholders or holders of Options or Earnout shares issued but not vested will be deemed earned and issued or vested by Bowlero as of immediately prior to the Acceleration Event, unless, in the case of an Acceleration Event, the value of the consideration to be received by the holders of Bowlero common stock in such change of control transaction is less than the applicable stock price thresholds described above. If the consideration received in such Acceleration Event is not solely cash, Bowlero’s Board of Directors will determine the treatment of the Earnout Shares. As part of the Sponsor Support Agreement, the Sponsor and LionTree were issued 1,611,278 Earnout Shares which vest during the period from and after the Closing Date until the fifth anniversary of the Closing Date: (a) 805,639 Earnout Shares if the closing share price of Bowlero’s Class A common stock equals or exceeds $15.00 per share for any 10 trading days within any consecutive 20 -trading -trading -trading -trading All but 129,336 Earnout Shares are classified as a liability and changes in the fair value of the Earnout Shares in future periods will be recognized in the statement of operations. Those Earnout Shares not classified as a liability are classified as equity compensation to employees and recognized as compensation expense on a straight -line

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
Fair Value of Financial Instruments	Jul. 03, 2022
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	(14) Fair Value of Financial Instruments Debt The fair value and carrying value of our debt as of July 3, 2022 and June 27, 2021 are as follows: July 3, June 27, Carrying value $ 876,705 $ 885,387 Fair value 841,637 887,102 The fair value of our debt is estimated based on trading levels of lenders buying and selling their participation levels of funding (Level 2). There were no transfers in or out of any of the levels of the valuation hierarchy in fiscal years 2022 and 2021. Items Measured at Fair Value on a Recurring Basis The Company holds certain liabilities that are required to be measured at fair value on a recurring basis. The following table is a summary of fair value measurements and hierarchy level as of July 3, 2022 and June 27, 2021: July 3, 2022 Level 1 Level 2 Level 3 Total Earnout shares $ — $ — $ 210,952 $ 210,952 Contingent consideration — — 1,470 1,470 Total liabilities $ — $ — $ 212,422 $ 212,422 June 27, 2021 Level 1 Level 2 Level 3 Total Interest rate swaps and caps $ — $ 8,869 $ — $ 8,869 Total liabilities $ — $ 8,869 $ — $ 8,869 The fair value of earn -out Earnout Expected term in years 4.45 Expected volatility 55 % Risk-free interest rate 2.87 % Stock price $ 11.00 Dividend yield — The following table sets forth a summary of changes in the estimated fair value of the Company’s Level 3 Earnout liability for the year ended July 3, 2022: June 27, Issuances (a) Settlements Changes in July 3, Earnout liability $ — $ 185,152 $ — $ 25,800 $ 210,952 ____________ (a) — Earnouts Redeemable Common Stock — Old Bowlero The redeemable common stock of Old Bowlero was not listed on an established public trading market, therefore, market prices were not available. The Company utilized an independent valuation specialist to assist with determining the fair market value of our redeemable common stock based upon our estimated enterprise value using the income approach, which includes the use of Level 3 inputs. As a result, the redeemable common stock was classified within Level 3 of the fair value hierarchy. Key assumptions used in estimating the fair value of Old Bowlero’s redeemable common stock included projected revenue growth and costs and expenses, which were based on internal projections, historical performance, and the business environment, as well as the selection of an appropriate discount rate based on weighted -average -specific Common Stock, Preferred Stock and Stockholders’ Equity Items Measured at Fair Value on a Non-Recurring Basis The Company’s significant assets measured at fair value on a non -recurring Other Financial Instruments Other financial instruments include cash and cash equivalents, accounts and notes receivable, accounts payable and accrued expenses. The financial statement carrying amounts of these items approximate the fair value due to their short duration.

Common Stock, Preferred Stock a

Common Stock, Preferred Stock and Stockholders' Equity	12 Months Ended
Common Stock, Preferred Stock and Stockholders' Equity	Jul. 03, 2022
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	(15) Common Stock, Preferred Stock and Stockholders’ Equity The Company is authorized to issue three classes of stock to be designated, respectively, Class A common stock, Class B common stock (together with Class A common stock, the “Common Stock”) and Preferred Stock. The total number of shares of capital stock which the Corporation shall have authority to issue is 2,400,000,000, divided into the following: Class A: • • Class B: • no • Preferred Stock: • • The rights of the holders of Class A common stock and Class B common stock are identical, except with respect to conversion and voting. Shares of Class B common stock are convertible into an equivalent number of shares (one -for-one th Redeemable Common Stock — Old Bowlero Old Bowlero had issued 51,397,025 -in As of the Closing Date, we exchanged 51,397,025 no Series A Preferred Stock — Old Bowlero Old Bowlero had issued 2,642,587 no three As of the Closing Date, we redeemed the Old Bowlero Preferred Stock with a cash payment of $145,298. As of July 3, 2022, there was no Series A Preferred Stock As of July 3, 2022, the Company had issued and outstanding 200,000 Dividends accumulate on a cumulative basis on a 360 -day -kind -kind The Preferred Stock is redeemable if a Fundamental Change occurs and each holder will have the right to require the Company to repurchase such holders’ shares of Preferred Stock or any portion thereof for a cash purchase price. A Fundamental Change includes events such as a person or a group becoming direct or indirect owners of shares of the Company’s Common Stock representing more than 50% of the voting power, consummation of a transaction with which all the Common Stock is exchanged for, converted into, acquired for, or constitutes solely the right to receive cash or other property, Company’s stockholders approve any plan or proposal for the liquidation or dissolution of the Company, or the Company’s Common Stock ceases to be listed on any of the NYSE or The Nasdaq Global Market or The Nasdaq Global Select Market (or any of their respective successors). The Preferred Stock has conversion options providing (1) the holder the right to submit all, or any whole number of shares that is less than all, of their shares of Preferred Stock pursuant to an Option Conversion and (2) the Company has the right to exercise at its election a Mandatory Conversion settled in Common Stock with the exception of the payment of cash in lieu of any fractional shares following the second anniversary of the initial issue date, if the closing price of the stock exceeds 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period. Additionally, the Company may, from time to time, repurchase Preferred Stock in the open market purchases or in negotiated transactions without delivering prior notice to holders of Preferred Stock. The Company has classified the Preferred Stock as temporary equity as the shares have certain redemption features that are not solely in the control of the Company. The Preferred Stock is not currently redeemable because the deemed liquidation provision is considered a substantive condition that is contingent on the event and it is not currently probable that it will become redeemable. Shares and Warrant Repurchase Program On February 7, 2022, the Company announced that its Board of Directors authorized a share and warrant repurchase program providing for repurchases of up to $200,000 of the Company’s outstanding Class A common stock and warrants through February 3, 2024. Repurchases of shares and warrants are made in accordance with applicable securities laws and may be made from time to time in the open market or by negotiated transactions. The amount and timing of repurchases are based on a variety of factors, including stock price, regulatory limitations, debt agreement limitations, and other market and economic factors. The share repurchase plan does not require the Company to repurchase any specific number of shares, and the Company may terminate the repurchase plan at any time. Please refer to Note 12 — Warrants As of July 3, 2022, the remaining balance of the repurchase plan was $160,061. For the fiscal year ended July 3, 2022, 3,430,667

Stock Based Compensation

Stock Based Compensation	12 Months Ended
Stock Based Compensation	Jul. 03, 2022
Share-Based Payment Arrangement [Abstract]
Stock Based Compensation	(16) Stock Based Compensation The Company has three stock plans: the 2017 Stock Incentive Plan (“2017 Plan”), the Bowlero Corp. 2021 Omnibus Incentive Plan (“2021 Plan”) and the Bowlero Corp. Employee Stock Purchase Plan (“ESPP”). These stock incentive plans are designed to attract and retain key personnel by providing them the opportunity to acquire equity interest in the Company and align the interest of key personnel with those of the Company’s stockholders. 2017 Stock Incentive Plan The 2017 Plan was approved on September 29, 2017 and is a broad -based -qualified -based -based The Company recorded compensation cost for all performance -based -based The aggregate intrinsic value, which is the amount by which the market value of the underlying stock exceeded the exercise price of outstanding options, is before applicable income taxes and represents the amount option holders realized (in the case of exercised options) or would realize if all in -the-money A summary of the 2017 Plan stock options outstanding at July 3, 2022 and June 27, 2021, and changes during the years then ended is presented below: Number of Weighted Weighted Aggregate Outstanding at June 28, 2020 49,789,060 $ 8.53 9.00 $ — Granted 68,513 3.25 11.00 — Exercised – stock — — — — Forfeited and cancelled (526,093 ) 3.12 — — Outstanding at June 27, 2021 49,331,480 8.58 9.13 — Exercised – stock (10,436,555 ) 3.25 — — Repurchased – cash (639,122 ) — — — Forfeited and cancelled (17,962,453 ) 13.53 — — Outstanding at July 3, 2022 20,293,350 $ 7.16 9.48 $ 77,948 Vested as of July 3, 2022 20,293,350 $ 7.16 9.48 $ 77,948 Exercisable as of July 3, 2022 20,293,350 7.16 9.48 77,948 The fair value of options at the date of grant was estimated using the Black -Scholes Options granted Expected term in years 5.00 Interest rate 0.54 % Volatility 71.5 % Dividend yield — The expected volatility is based on historical volatilities of companies considered comparable to the Company. The risk -free 2021 Stock Incentive Plan The 2021 Plan was effective December 14, 2021 and provides for the grant of equity awards to an individual employed by the Company or Subsidiary, a director or officer of the Company or Subsidiary, a consultant or advisor to the Company or an Affiliate or to a prospective employee, director, officer, consultant or director who has accepted an offer of employment or service from the Company. Equity awards include incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock, RSUs and other stock based awards granted under the 2021 Plan. Shares to be granted under the 2021 Plan shall be not more than 26,446,033 -employee members of the Board or are otherwise subject to Section 16 of the Exchange Act. Any such delegation may be revoked by the Committee at any time. The Board may at any time and from time to time grant awards and administer the 2021 Plan with respect to such awards. In any such case, the Board shall have all the authority granted to the Compensation Committee under the 2021 Plan. The Compensation Committee approves grants to individuals, number of options, terms, conditions, performance measures, and other provisions of the award. Stock options granted under the 2021 Plan have a maximum contractual term of ten -trading -imposed During the year ended July 3, 2022, the Company recorded $3,323 in compensation cost recognized for 665,912 fully vested options and $14,228 in compensation cost for 1,422,813 -based The Company issued fully vested and unvested stock options to certain employees. The unvested stock options vest based on a service condition. The average expected life represents the weighted average period of time that options granted are expected to be outstanding. The following table presents the significant assumptions used in the Black -Scholes Expected term in years 6.68 Interest rate 1.39 % Volatility 55.6 % Dividend yield — A summary of stock options outstanding under the 2021 Plan at July 3, 2022, and changes during the period then ended is presented below: Number of Weighted Weighted Aggregate Outstanding at June 28, 2021 — $ — — $ — Granted 9,415,912 13.72 10.00 — Exercised — — — — Forfeited and cancelled — — — — Repurchased or settled — — — — Outstanding at July 3, 2022 9,415,912 $ 13.72 9.45 $ 2,416 Vested as of July 3, 2022 665,912 $ 10.00 9.45 $ 666 Exercisable as of July 3, 2022 665,912 10.00 9.45 666 The Company issued RSUs to employees and board members that vest based on service conditions (Service based RSUs). The Company measures the grant -date -based Number of Weighted Weighted Aggregate Outstanding at June 28, 2021 — $ — — $ — Granted 947,325 9.72 2.51 — Vested — — — — Forfeited (29,700 ) 9.67 — — Outstanding at July 3, 2022 917,625 $ 9.72 2.14 $ 10,094 The Company issued earnout RSUs to employees that vest upon the achievement of market conditions with a 5 -year -Carlo -year Number of Weighted Weighted Aggregate Outstanding at June 28, 2021 — $ — — $ — Granted 152,370 8.16 5.00 — Vested — — — — Forfeited (23,034 ) 8.16 — — Outstanding at July 3, 2022 129,336 $ 8.16 4.45 $ 1,423 The Company issued RSUs to employees and board members that vest based upon the achievement of market and service conditions (market and service based RSUs). The fair value of those RSUs was determined using a Monte -Carlo Number of Weighted Weighted Aggregate Outstanding at June 28, 2021 — $ — — $ — Granted 266,775 6.64 2.79 — Vested — — — — Forfeited (9,900 ) 6.64 — — Outstanding at July 3, 2022 256,875 $ 6.64 2.45 $ 2,826 As of July 3, 2022, the total compensation cost not yet recognized is as follows: Award Plan Unrecognized Weighted Stock options 2021 Plan $ 37,273 2.68 Service based RSUs 2021 Plan 7,211 2.14 Market and service based RSUs 2021 Plan 1,498 2.45 Earnout RSUs 2021 Plan 939 4.45 Total unrecognized compensation cost $ 46,921 2.63 Share -based Award Plan Selling, Cost of Total Performance-based options 2017 Plan $ 24,468 $ 48 $ 24,516 Time-based options 2017 Plan 916 36 952 Stock options 2021 Plan 8,505 — 8,505 Service based RSUs 2021 Plan 1,652 59 1,711 Market and service based RSUs 2021 Plan 194 14 208 Earnout RSUs 2021 Plan 116 — 116 Share-based bonus — 14,228 — 14,228 Total share-based compensation expense $ 50,079 $ 157 $ 50,236 The Company did not have any recognized income tax benefits, net of valuation allowances, related to our share -based Employee Stock Purchase Plan On December 14, 2021, the Board of Directors approved the ESPP, subject to stockholder approval. The ESPP became effective July 1, 2022, and purchase rights may be granted under the ESPP prior to stockholder approval, but no purchase rights may be exercised unless and until stockholder approval is obtained. The maximum number of shares of the Company’s Class A common stock available for sale under the ESPP shall not exceed an aggregate of 4,926,989 -Scholes

Net Loss Per Share

Net Loss Per Share	12 Months Ended
Net Loss Per Share	Jul. 03, 2022
Earnings Per Share [Abstract]
Net Loss Per Share	(17) Net Loss Per Share Net loss per share calculations for all periods prior to the Closing Date have been retrospectively adjusted for the equivalent number of shares outstanding immediately after the Closing Date to effect the reverse recapitalization. The computation of basic and diluted net loss per Class A and B common share is as follows: Fiscal Year Ended July 3, 2022 June 27, 2021 Class A Class B Total Class A Class B Total Numerator Net loss allocated to common stockholders $ (32,198 ) $ (7,969 ) $ (40,167 ) $ (134,476 ) $ — $ (134,476 ) Denominator Weighted-average shares outstanding 124,920,063 30,917,091 155,837,154 146,848,329 — 146,848,329 Net loss per share, basic and diluted $ (0.26 ) $ (0.26 ) $ (0.26 ) $ (0.92 ) $ — $ (0.92 ) The impact of potentially dilutive RSUs, PSUs, stock options, earnouts, and purchases of shares under our ESPP were excluded from the diluted per share calculations because they would have been antidilutive.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
Accounting Policies, by Policy (Policies)	Jul. 03, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Reverse Recapitalization: Notwithstanding the legal form of the Business Combination pursuant to the BCA, the Business Combination is accounted for as a reverse recapitalization. Under this method of accounting, Isos is treated as the acquired company and Old Bowlero is treated as the acquirer for accounting and financial statement reporting purposes. Old Bowlero has been determined to be the accounting acquirer based on evaluation of the following facts and circumstances: • • • • • As a result of Old Bowlero being the accounting acquirer, the financial reports filed with the Securities and Exchange Commission (“SEC”) by the Company subsequent to the Business Combination are prepared as if Old Bowlero is the predecessor and legal successor to the Company. The historical operations of Old Bowlero are deemed to be those of the Company. Thus, the financial statements included in this prospectus reflect (i) the historical operating results of Old Bowlero prior to the Business Combination, (ii) the combined results of the Old Bowlero and Isos following the Business Combination on December 15, 2021, (iii) the assets and liabilities of Old Bowlero at their historical cost and (iv) the Company’s post -merger -up In connection with the Business Combination, Isos changed its name to Bowlero Corp. The Company’s Class A common stock became listed on the NYSE under the symbol BOWL and warrants to purchase the Class A common stock became listed on the NYSE under the symbol BOWL.WS in lieu of the Isos ordinary shares and Isos’s warrants, respectively. Isos’ units automatically separated into the Isos ordinary shares and Isos’ warrants and ceased trading separately on the NYSE following the Closing Date. Prior to the Business Combination, Isos neither engaged in any operations nor generated any revenue. Until the Business Combination, based on Isos’ business activities, it was a shell company as defined under the Exchange Act. The consolidated assets, liabilities and results of operations prior to the reverse recapitalization are those of the Company, thus the shares and corresponding capital amounts and losses per share, prior to the reverse recapitalization, have been retroactively restated based on shares reflecting the exchange ratio of 24.841 established in the BCA.
Principles of Consolidation	Principles of Consolidation:
Fiscal Year	Fiscal Year: th -three rd -two
Reclassification	Reclassification: — Property and Equipment
Use of Estimates	Use of Estimates: -lived -insurance -19
Fair-value Estimates	Fair -value Estimates: Level 1: Quoted prices in active markets that are accessible at the measurement date for identical assets and liabilities. Level 2: Observable prices that are based on inputs not quoted on active markets, but are corroborated by market data. Level 3: Unobservable inputs are used when little or no market data is available.
Cash and Cash Equivalents	Cash and Cash Equivalents:
Accounts Receivable	Accounts Receivable: -off -due -balance
Inventories	Inventories:
Prepaid Expenses and Other Current Assets	Prepaid Expenses and Other Current Assets:
Property and Equipment	Property and Equipment: -line Leasehold improvements are recorded at cost. Amortization of leasehold improvements is calculated principally on the straight -line Internal costs, including compensation and employee benefits for employees directly associated with capital projects, are capitalized and amortized over the estimated useful life of the asset. Estimated useful lives of property and equipment are as follows: Buildings and improvements 2 – 39 years Leasehold improvements lesser of asset’s useful life or lease term (1 month – 20 years) Equipment, furniture, and fixtures 2 – 15 years Expenditures for routine maintenance and repairs that do not improve or extend the life of an asset are expensed as incurred. Improvements are capitalized and amortized over the lesser of the remaining life of the asset or, if applicable, the lease term. Upon retirement or sale of an asset, its cost and related accumulated depreciation are removed from property and equipment and any gain or loss is recognized. The Company’s policy is to capitalize interest cost incurred on debt during the construction of major projects. Interest costs are capitalizable for all assets that require a period of time to get them ready for their intended use (an acquisition period). The amount capitalized in an accounting period is determined by applying the capitalization rate to the accumulated expenditures for the asset during the period. The capitalization rate used is based on the rates applicable to borrowings outstanding during the acquisition period.
Leases	Leases: -line -free are excluded from minimum lease payments. For capital leases, we record interest expense on the obligation and amortize the asset over the lease term. We record a capital lease liability equal to the present value of the minimum lease payments over the lease term discounted using the incremental borrowing rate for that lease. We calculate the current portion of our capital lease obligation as the total payments that are due in the next 12 months that are attributed to principal payments in the capital lease obligation amortization schedule. Tenant Improvement Incentives -term
Internal Use Software	Internal Use Software: -use three five Costs related to the development or purchase of internal -use
Goodwill and Intangible Assets	Goodwill and Intangible Assets: Indefinite -lived intangible assets -pin Finite -lived intangible assets -lived -line
Favorable and Unfavorable leases	Favorable and Unfavorable leases: -term -line
Impairment of Goodwill, Intangible and Long-Lived Assets	Impairment of Goodwill, Intangible and Long -Lived Assets: We perform our annual impairment testing on the first day of our fiscal fourth quarter of each year. When evaluating goodwill and tradenames for impairment, the Company first performs a qualitative assessment to determine whether it is more likely than not that its reporting unit or tradenames are impaired. For fiscal 2021, the Company performed a quantitative assessment of goodwill using the income approach due to the economic impact of the COVID -19 qualitative assessment of goodwill and concluded it was not more likely than not that the fair value of the reporting unit was less than its carrying value. There were no impairment charges for goodwill or indefinite -lived For long -lived -lived -lived
Derivatives	Derivatives: For financial derivative instruments that are designated as a cash flow hedge for accounting purposes, the effective portion of the gain or loss on the financial derivative instrument is reported as a component of other comprehensive income and reclassified into earnings in the same line item associated with the forecasted transaction, and in the same period or periods during which the forecasted transaction affects earnings. Gains and losses on the financial derivative representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in current earnings. We have entered into interest rate swap agreements that effectively modified our exposure to interest rate risk by converting a portion of our interest payments on floating rate debt to a fixed rate basis, thus reducing the impact of interest rate changes on future interest expense. These agreements typically involved the receipt of floating rate amounts in exchange for fixed interest rate payments over the life of the agreements without an exchange of the underlying principal amount. See Note 9 — Debt
Self-Insurance Programs	Self -Insurance Programs: -insured -loss -party -insurance -loss -loss -insured The short -term -insurance -term -term -loss
Income Taxes	Income Taxes: of events that have been, or will be, reported in different years for financial statement purposes than tax purposes. Deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which these items are expected to reverse. We review our deferred tax assets to determine if it is more -likely-than-not -likely-than-not The Company recognizes tax benefits related to uncertain tax positions if we believe it is more likely than not the benefit will be realized. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which a change in judgment occurs. Interest and penalties were $3 in fiscal year 2022 and $36 in fiscal year 2021. The U.S. federal, and in general, state returns are open to examination for the fiscal year ended June 30, 2019 and thereafter. The net operating loss carryforward from fiscal year ended July 3, 2005 is also open to examination.
Revenue Recognition	Revenue Recognition: Fiscal Year Ended July 3, % of June 27, % of Major revenue categories: Bowling $ 452,349 51 % $ 203,730 52 % Food and beverage 321,441 35 % 128,393 32 % Amusement 118,940 13 % 48,414 12 % Media 18,975 2 % 14,697 4 % Total revenues $ 911,705 100 % $ 395,234 100 %
Bowling revenue	Bowling revenue
Food and beverage revenue	Food and beverage revenue -in-time
Amusement revenue	Amusement revenue -in-time
Media revenue	Media revenue -year -alone -in-time The Company sells gift and game cards that do not expire. Gift and game card revenue is recognized as gift and game cards or game -play recorded as an unearned gift and game card revenue liability when sold. Unearned gift and game card revenue or deferred revenue is reported in accrued expenses in the consolidated balance sheets and is disclosed in Note 8 — Accrued Expenses The Company also has a loyalty program called the Most Valuable Bowler (MVB) program. MVB participants earn rewards in the form of coupons or points based on their cumulative spend with an expiration date. The loyalty program creates material rights, which are valued as separate performance obligations and deferred until use or expiration. The deferred portion is included in deferred revenue and is not material to the financial statements. From time to time, the Company offers discount vouchers through outside vendors. Revenue for these vouchers is recognized as revenue when the voucher is redeemed by the guest or as breakage on a pro -rated Taxes collected from customers and remitted to government authorities are excluded from revenue in the consolidated statement of operations. The remittance obligation is included in accrued liabilities until the taxes are sent to the appropriate taxing authorities.
Costs of Revenues	Costs of Revenues:
Selling, General and Administrative Expenses (“SG&A”)	Selling, General and Administrative Expenses (“SG&A”):
Other Operating Expenses	Other Operating Expenses:
Pre-Opening Costs	Pre -Opening Costs: -opening
Share-Based Compensation	Share -Based Compensation: -date -based -line -based -based assets for awards that may result in deductions on the Company’s income tax returns, based on the amount of compensation cost recognized and the Company’s statutory tax rate in the jurisdiction in which it will receive a deduction. We use the Black -Scholes-Merton • Fair value of common stock -party • Expected Term -based -point • Expected volatility -traded • Risk -free interest rate -free • Expected dividend yield
Advertising and Television Costs	Advertising and Television Costs:
Foreign Currency Translation	Foreign Currency Translation: Assets and liabilities of foreign subsidiaries are translated into U.S. dollars using rates of exchange at the balance sheet date. Translation adjustments are recorded in other comprehensive income (loss). Revenues and expenses are translated at rates of exchange in effect during the year. Transaction gains and losses are recorded in net income (loss).
Commitments and contingencies	Commitments and contingencies:
Business Interruption Insurance	Business Interruption Insurance: -19
Series A Preferred Stock	Series A Preferred Stock: -merger Common Stock, Preferred Stock and Stockholders’ Equity
Net Loss Per Share Attributable to Common Stockholders	Net Loss Per Share Attributable to Common Stockholders: -class -forfeitable -class Net Loss Per Share
Earnouts	Earnouts: -operating -Carlo -free -40 -term Earnouts Fair Value of Financial Instruments
Warrants	Warrants: Warrants -operating -40 -term
Emerging Growth Company Status	Emerging Growth Company Status: -Oxley Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non -emerging
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards: -19 -19 -related -19 -19 a. b. In certain circumstances, the Company adopted option (a) for deferrals of rental payments and option (b) for abatements.
Recently Issued Accounting Standards	Recently Issued Accounting Standards: -02 -02 -13 -01 -11 -20 -01 -05 -02 -of-use -of-use right to use that asset, which is the present value of future payments. Operating leases will remain being expensed on the straight -line -loaded As a result of ASU 2020 -05

Description of Business (Tables

Description of Business (Tables)	12 Months Ended
Description of Business (Tables)	Jul. 03, 2022
Accounting Policies [Abstract]
Schedule of summarizes the Company’s centers by country and major brand	The following summarizes the Company’s centers by country and major brand as of the fiscal years ended July 3, 2022 and June 27, 2021: July 3, June 27, Bowlero 161 133 AMF & other 147 136 Bowlmor 2 14 Total centers in the United States 310 283 Mexico (AMF) 5 6 Canada (AMF and Bowlero) 2 2 Total 317 291

Significant Accounting Polici_2

Significant Accounting Policies (Tables)	12 Months Ended
Significant Accounting Policies (Tables)	Jul. 03, 2022
Accounting Policies [Abstract]
Schedule of estimated useful lives of property and equipment	Buildings and improvements 2 – 39 years Leasehold improvements lesser of asset’s useful life or lease term (1 month – 20 years) Equipment, furniture, and fixtures 2 – 15 years
Schedule of revenue disaggregated by major revenue categories	Fiscal Year Ended July 3, % of June 27, % of Major revenue categories: Bowling $ 452,349 51 % $ 203,730 52 % Food and beverage 321,441 35 % 128,393 32 % Amusement 118,940 13 % 48,414 12 % Media 18,975 2 % 14,697 4 % Total revenues $ 911,705 100 % $ 395,234 100 %

Business Combinations and Acq_2

Business Combinations and Acquisitions (Tables)	12 Months Ended
Business Combinations and Acquisitions (Tables)	Jul. 03, 2022
Business Combinations [Abstract]
Schedule of merger to the consolidated statement of cash flows	Recapitalization Cash-Isos Acquisition Corporation Trust $ 254,851 Less: Isos transaction costs paid from Trust (23,869 ) Less: Redemptions of existing shareholders of Isos (136,569 ) Net cash proceeds from SPAC shareholders $ 94,413 Cash-PIPE issuance $ 150,604 Cash-Forward issuance 100,000 Net cash proceeds from SPAC shareholders 94,413 Cash-Preferred issuance 95,000 Less: Bowlero transaction costs (20,670 ) Total cash received, net of transaction costs 419,347 Payoff of preferred stock and accumulated dividends (145,298 ) Consideration to existing Bowlero shareholders (226,000 ) Consideration to Bowlero option holders (15,467 ) Total distributions (386,765 ) Net cash received $ 32,582 Earnout liability $ 181,113 Warrant liability 22,426 Total liabilities recognized $ 203,539
Schedule of business combinations	Identifiable assets acquired and liabilities assumed Final Preliminary Total Current assets $ 2,531 $ 16 $ 2,547 Property and equipment 32,718 17,293 50,011 Identifiable intangible assets 3,400 620 4,020 Goodwill 14,944 1,762 16,706 Total assets acquired 53,593 19,691 73,284 Current liabilities (447 ) (100 ) (547 ) Total liabilities assumed (447 ) (100 ) (547 ) Total fair value, net of cash acquired of $49 $ 53,146 $ 19,591 $ 72,737 Components of consideration transferred Cash 50,068 19,191 69,259 Holdback 1,608 400 2,008 Contingent consideration 1,470 — 1,470 Total consideration transferred $ 53,146 $ 19,591 $ 72,737 Transaction expenses included in “other operating expense” in the consolidated statement of operations for fiscal year 2022 $ 880 $ 241 $ 1,121 Identifiable assets acquired and liabilities assumed Total Current assets $ 90 Property and equipment 181 Identifiable intangible assets 465 Goodwill 2,350 Total assets acquired 3,086 Current liabilities 326 Total liabilities assumed 326 Total fair value, net of cash acquired of $5 $ 2,760 Components of consideration transferred Cash $ 2,760 Transaction expenses included in “other operating expense” in the consolidated statement of operations for fiscal year 2021 $ 69
Schedule of asset acquisition	Identifiable assets acquired and liabilities assumed Bowl Other Asset Total Current assets $ 2,949 $ 5 $ 2,954 Property and equipment 40,121 8,564 48,685 Identifiable intangible assets 1,099 1,136 2,235 Assets held for sale 10,985 — 10,985 Current liabilities (1,426 ) (81 ) (1,507 ) Deferred tax liability (9,107 ) — (9,107 ) Total consideration transferred $ 44,621 $ 9,624 $ 54,245

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
Goodwill and Other Intangible Assets (Tables)	Jul. 03, 2022
Goodwill and Other Intangible Assets Table [Abstract]
Schedule of changes in the carrying amount of goodwill	Balance June 28, 2020 $ 724,932 Goodwill resulting from acquisitions made during fiscal 2021 2,350 Foreign currency translation adjustment (1,126 ) Balance as of June 27, 2021 726,156 Goodwill resulting from acquisitions during fiscal 2022 16,706 Goodwill adjustments made during fiscal 2022 (193 ) Balance as of July 3, 2022 $ 742,669
Schedule of intangible assets	July 3, 2022 June 27, 2021 Weighted Gross Accumulated amortization Net Weighted Gross Accumulated Net Finite-lived intangible assets: AMF trade name 2 $ 9,900 $ (8,593 ) $ 1,307 1 $ 9,900 $ (7,920 ) $ 1,980 Bowlmor trade name 0 6,500 (6,500 ) — 6 6,500 (2,600 ) 3,900 Other acquisition trade names 4 1,761 (651 ) 1,110 7 1,010 (173 ) 837 Customer relationships 2 21,112 (13,989 ) 7,123 3 18,370 (10,471 ) 7,899 Management contracts 2 1,800 (1,443 ) 357 2 1,800 (1,150 ) 650 Non-compete agreements 4 2,450 (1,067 ) 1,383 4 1,200 (514 ) 686 PBA member, sponsor & media relationships 8 1,400 (504 ) 896 8 1,400 (322 ) 1,078 Other intangible assets 4 921 (133 ) 788 — — — 3 45,844 (32,880 ) 12,964 4 40,180 (23,150 ) 17,030 Indefinite-lived intangible assets: Liquor licenses 9,629 — 9,629 9,027 — 9,027 PBA trade name 3,100 — 3,100 3,100 — 3,100 Bowlero trade name 66,900 — 66,900 66,900 — 66,900 79,629 — 79,629 79,027 — 79,027 $ 125,473 $ (32,880 ) $ 92,593 $ 119,207 $ (23,150 ) $ 96,057
Schedule of finite-lived intangible asset amortization	Fiscal Year Ended July 3, June 27, Amortization expense $ 9,461 $ 6,030
Schedule of estimated aggregate amortization expense for finite-lived intangibles	2023 2024 2025 2026 2027 Thereafter Amortization expense $ 6,088 $ 4,453 $ 879 $ 648 $ 370 $ 526

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
Property and Equipment (Tables)	Jul. 03, 2022
Property and Equipment Table [Abstract]
Schedule of property and equipment	July 3, June 27, Land $ 77,006 $ 19,879 Buildings and improvements 69,219 16,155 Leasehold improvements 349,534 313,441 Equipment, furniture, and fixtures 375,780 315,719 Construction in progress 15,638 27,028 887,177 692,222 Accumulated depreciation (352,456 ) (276,561 ) Property and equipment, net of accumulated depreciation $ 534,721 $ 415,661
Schedule of depreciation expense related to property and equipment	Fiscal Year Ended July 3, June 27, Depreciation expense $ 77,471 $ 67,934

Leases (Tables)

Leases (Tables)	12 Months Ended
Leases (Tables)	Jul. 03, 2022
Leases Table [Abstract]
Schedule of operating and capital leases	Fiscal Year Ended July 3, June 27, Operating Leases Rent expense $ 55,189 $ 58,114 Capital Leases Interest expense $ 39,514 $ 35,599 Amortization expense 12,940 12,870 Total capital lease cost $ 52,454 $ 48,469
Schedule of future minimum rental payments	Operating Capital 2023 $ 49,783 $ 41,261 2024 46,800 42,524 2025 50,345 42,551 2026 47,767 37,426 2027 48,269 39,989 Thereafter 525,028 995,185 Total rent payments $ 767,992 $ 1,198,936 Less: Imputed interest payments for capital leases 798,306 Present value of capital lease obligation $ 400,630

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	12 Months Ended
Supplemental Cash Flow Information (Tables)	Jul. 03, 2022
Supplemental Cash Flow Elements [Abstract]
Schedule of supplemental cash flow information	Fiscal Year Ended July 3, June 27, Cash paid during the period for: Interest $ 88,292 $ 81,685 Income taxes, net of refunds 3,898 818 Noncash investing and financing transactions: Capital expenditures in accounts payable 8,895 4,193 Capital lease assets obtained in exchange for capital lease liabilities 7,463 5,401 Modifications of capital lease assets and liabilities (15,001 ) 6,971 Change in fair value of interest rate swap 8,869 8,631 Issuance of warrants in Business Combination 22,426 — Issuance of earnout shares in Business Combination 181,113 — Warrant redemption (40,156 ) — Unsettled treasury stock trade payable 3,094 —

Accrued Expenses (Tables)

Accrued Expenses (Tables)	12 Months Ended
Accrued Expenses (Tables)	Jul. 03, 2022
Accrued Expenses Table [Abstract]
Schedule of accrued expenses	July 3, June 27, Compensation $ 15,746 $ 13,577 Taxes and licenses 11,568 9,646 Customer deposits 10,728 7,114 Insurance 5,229 8,285 Deferred revenue 6,384 5,885 Utilities 4,185 3,399 Deferred rent 3,252 4,384 Professional fees 3,062 4,473 Interest 498 4,693 Other 2,202 2,194 Total accrued expenses $ 62,854 $ 63,650

Debt (Tables)

Debt (Tables)	12 Months Ended
Debt (Tables)	Jul. 03, 2022
Debt Disclosure [Abstract]
Schedule of debt structure	July 3, June 27, First Lien Credit Facility Term Loan (Maturing July 3, 2024 and bearing variable rate interest; 5.17% and 4.55% at July 3, 2022 and June 27, 2021, respectively, excluding impact of hedging) $ 790,271 $ 800,534 New Revolver (Maturing April 4, 2024 and bearing variable rate interest; 4.13% at July 3, 2022) 86,434 — First Lien Credit Facility Revolver — 39,853 Incremental Liquidity Facility — 45,000 876,705 885,387 Less: Unamortized financing costs (6,649 ) (9,800 ) Current portion of unamortized financing costs 3,245 3,152 Current maturities of long-term debt (8,211 ) (8,211 ) Total long-term debt $ 865,090 $ 870,528
Schedule of minimum repayments of debt	2023 $ 8,211 2024 94,645 2025 773,849 $ 876,705
Schedule of interest rate swap and cap agreements	June 27, Notional Expiration Interest rate swaps $ 552,500 June 30, 2022 Interest rate caps 97,500 March 31, 2022 Total notional amounts $ 650,000
Schedule of reclassifications from AOCI into income	July 3, June 27, Interest expense reclassified from AOCI into net loss $ 8,809 $ 9,002

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Jul. 03, 2022
Income Tax Disclosure [Abstract]
Schedule of total loss before income taxes	Fiscal Year Ended July 3, June 27, Loss before tax: U.S. $ (31,388 ) $ (123,360 ) Foreign 764 (4,136 ) Total loss before tax $ (30,624 ) $ (127,496 )
Schedule of income tax (benefit) expense	Fiscal Year Ended July 3, June 27, Current income tax provision: Federal $ 2,481 $ — State and local 3,601 505 Foreign 107 (122 ) Total current provision 6,189 383 Deferred income tax provision: Federal (6,307 ) 9 State and local (895 ) (1,707 ) Foreign 323 280 Total deferred provision (6,879 ) (1,418 ) Total income tax benefit $ (690 ) $ (1,035 )
Schedule of provision for income taxes	Fiscal Year Ended July 3, 2022 June 27, 2021 Federal statutory rate $ (6,431 ) 21.0 % $ (26,774 ) 21.0 % State and local tax net of federal benefit 6,675 (21.8 ) (6,190 ) 4.9 Deferred tax asset valuation allowance (29,901 ) 97.6 34,060 (26.7 ) Business Combination and asset acquisition items 10,800 (35.3 ) — — Compensation limited by section 162(m) of the Internal Revenue Code 17,590 (57.4 ) — — Uncertain tax positions 1 — 2 0.0 Foreign tax rate difference 65 (0.2 ) (1,251 ) 1.0 Other 511 (1.6 ) (882 ) 0.6 Effective tax rate $ (690 ) 2.3 % $ (1,035 ) 0.8 %
Schedule of tax effects of temporary differences and carryforwards	July 3, June 27, Deferred income tax assets: Reserves not currently deductible $ 21,961 $ 40,458 Capital lease liability 105,157 98,545 Net operating loss, interest, and tax credit carryforwards 109,504 132,184 Subtotal 236,622 271,187 Less: Valuation allowance 138,605 166,323 Total net deferred income tax assets 98,017 104,864 Deferred income tax liabilities: Property and equipment 83,994 85,377 Favorable and unfavorable leases 7,827 8,886 Goodwill and intangibles 21,078 22,468 Total deferred income tax liabilities 112,899 116,731 Net deferred income tax liabilities $ 14,882 $ 11,867
Schedule of reconciliation of unrecognized tax benefits	July 3, June 27, Balance at beginning of year $ 26 $ 22 Additions for tax positions of prior years 1 4 Reductions for tax positions of prior years — — Tax settlements — — Balance at end of year $ 27 $ 26

Warrants (Tables)

Warrants (Tables)	12 Months Ended
Warrants (Tables)	Jul. 03, 2022
Warrants Note Disclosure Abstract
Schedule of warrant activity	Warrants outstanding at Closing Date Repurchased Exercised (a) Redeemed Warrants outstanding at July 3, Publicly traded warrants 11,827,864 (2,690,272 ) (9,128,891 ) (8,701 ) — Private placement warrants 3,778,480 — (3,778,480 ) — — Unvested private placement warrants 1,619,348 — (1,619,348 ) — — Total 17,225,692 (2,690,272 ) (14,526,719 ) (8,701 ) — (a) — Earnouts

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
Fair Value of Financial Instruments (Tables)	Jul. 03, 2022
Fair Value Disclosures [Abstract]
Schedule of fair value and carrying value of our debt	July 3, June 27, Carrying value $ 876,705 $ 885,387 Fair value 841,637 887,102
Schedule of fair value measurements and hierarchy level	July 3, 2022 Level 1 Level 2 Level 3 Total Earnout shares $ — $ — $ 210,952 $ 210,952 Contingent consideration — — 1,470 1,470 Total liabilities $ — $ — $ 212,422 $ 212,422 June 27, 2021 Level 1 Level 2 Level 3 Total Interest rate swaps and caps $ — $ 8,869 $ — $ 8,869 Total liabilities $ — $ 8,869 $ — $ 8,869
Schedule of fair value of the warrant liability is classified as Level 1 and Level 3	Earnout Expected term in years 4.45 Expected volatility 55 % Risk-free interest rate 2.87 % Stock price $ 11.00 Dividend yield —
Schedule of changes in the estimated fair value	June 27, Issuances (a) Settlements Changes in July 3, Earnout liability $ — $ 185,152 $ — $ 25,800 $ 210,952

Stock Based Compensation (Table

Stock Based Compensation (Tables)	12 Months Ended
Stock Based Compensation (Tables)	Jul. 03, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of stock options outstanding	Number of Weighted Weighted Aggregate Outstanding at June 28, 2020 49,789,060 $ 8.53 9.00 $ — Granted 68,513 3.25 11.00 — Exercised – stock — — — — Forfeited and cancelled (526,093 ) 3.12 — — Outstanding at June 27, 2021 49,331,480 8.58 9.13 — Exercised – stock (10,436,555 ) 3.25 — — Repurchased – cash (639,122 ) — — — Forfeited and cancelled (17,962,453 ) 13.53 — — Outstanding at July 3, 2022 20,293,350 $ 7.16 9.48 $ 77,948 Vested as of July 3, 2022 20,293,350 $ 7.16 9.48 $ 77,948 Exercisable as of July 3, 2022 20,293,350 7.16 9.48 77,948 Number of Weighted Weighted Aggregate Outstanding at June 28, 2021 — $ — — $ — Granted 9,415,912 13.72 10.00 — Exercised — — — — Forfeited and cancelled — — — — Repurchased or settled — — — — Outstanding at July 3, 2022 9,415,912 $ 13.72 9.45 $ 2,416 Vested as of July 3, 2022 665,912 $ 10.00 9.45 $ 666 Exercisable as of July 3, 2022 665,912 10.00 9.45 666
Schedule of fair value of options at the date of grant was estimated using the Black-Scholes	Options granted Expected term in years 5.00 Interest rate 0.54 % Volatility 71.5 % Dividend yield — Expected term in years 6.68 Interest rate 1.39 % Volatility 55.6 % Dividend yield —
Schedule of measures the grant-date fair value based on the price of the Company’s shares on the grant date	Number of Weighted Weighted Aggregate Outstanding at June 28, 2021 — $ — — $ — Granted 947,325 9.72 2.51 — Vested — — — — Forfeited (29,700 ) 9.67 — — Outstanding at July 3, 2022 917,625 $ 9.72 2.14 $ 10,094 Number of Weighted Weighted Aggregate Outstanding at June 28, 2021 — $ — — $ — Granted 152,370 8.16 5.00 — Vested — — — — Forfeited (23,034 ) 8.16 — — Outstanding at July 3, 2022 129,336 $ 8.16 4.45 $ 1,423 Number of Weighted Weighted Aggregate Outstanding at June 28, 2021 — $ — — $ — Granted 266,775 6.64 2.79 — Vested — — — — Forfeited (9,900 ) 6.64 — — Outstanding at July 3, 2022 256,875 $ 6.64 2.45 $ 2,826
Schedule of total compensation cost by plan	Award Plan Unrecognized Weighted Stock options 2021 Plan $ 37,273 2.68 Service based RSUs 2021 Plan 7,211 2.14 Market and service based RSUs 2021 Plan 1,498 2.45 Earnout RSUs 2021 Plan 939 4.45 Total unrecognized compensation cost $ 46,921 2.63 Award Plan Selling, Cost of Total Performance-based options 2017 Plan $ 24,468 $ 48 $ 24,516 Time-based options 2017 Plan 916 36 952 Stock options 2021 Plan 8,505 — 8,505 Service based RSUs 2021 Plan 1,652 59 1,711 Market and service based RSUs 2021 Plan 194 14 208 Earnout RSUs 2021 Plan 116 — 116 Share-based bonus — 14,228 — 14,228 Total share-based compensation expense $ 50,079 $ 157 $ 50,236

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	12 Months Ended
Net Loss Per Share (Tables)	Jul. 03, 2022
Earnings Per Share [Abstract]
Schedule of basic and diluted net loss per common share	Fiscal Year Ended July 3, 2022 June 27, 2021 Class A Class B Total Class A Class B Total Numerator Net loss allocated to common stockholders $ (32,198 ) $ (7,969 ) $ (40,167 ) $ (134,476 ) $ — $ (134,476 ) Denominator Weighted-average shares outstanding 124,920,063 30,917,091 155,837,154 146,848,329 — 146,848,329 Net loss per share, basic and diluted $ (0.26 ) $ (0.26 ) $ (0.26 ) $ (0.92 ) $ — $ (0.92 )

Description of Business (Detail

Description of Business (Details)			1 Months Ended	12 Months Ended
Description of Business (Details)	Jan. 05, 2022	Sep. 13, 2021	Jan. 31, 2022	Jul. 03, 2022
Accounting Policies [Abstract]
Number of bowling centers closed	2	2	2
Number of reporting segments				1

Description of Business (Deta_2

Description of Business (Details) - Schedule of summarizes the Company’s centers by country and major brand	Jul. 03, 2022	Jun. 27, 2021
Description of Business (Details) - Schedule of summarizes the Company’s centers by country and major brand [Line Items]
Bowling centers	317	291
United States
Description of Business (Details) - Schedule of summarizes the Company’s centers by country and major brand [Line Items]
Bowling centers	310	283
United States \| Bowlero [Member]
Description of Business (Details) - Schedule of summarizes the Company’s centers by country and major brand [Line Items]
Bowling centers	161	133
United States \| AMF and Other [Member]
Description of Business (Details) - Schedule of summarizes the Company’s centers by country and major brand [Line Items]
Bowling centers	147	136
United States \| Bowlmor [Member]
Description of Business (Details) - Schedule of summarizes the Company’s centers by country and major brand [Line Items]
Bowling centers	2	14
Mexico (AMF) [Member]
Description of Business (Details) - Schedule of summarizes the Company’s centers by country and major brand [Line Items]
Bowling centers	5	6
Canada (AMF and Bowlero) [Member]
Description of Business (Details) - Schedule of summarizes the Company’s centers by country and major brand [Line Items]
Bowling centers	2	2

Significant Accounting Polici_3

Significant Accounting Policies (Details) $ in Thousands	12 Months Ended
Significant Accounting Policies (Details) $ in Thousands	Jul. 03, 2022 USD ($) shares	Jun. 27, 2021 USD ($)
Significant Accounting Policies (Details) [Line Items]
Recapitalization exchange ratio	24.841
cash	$ 88,067	$ 86,003
Other Assets, Current	676	980
Leasehold improvement allowances	14,254	15,100
Internal use software, net	11,423	9,062
Amortization expense	3,298	2,400
Asset impairment	1,548	386
Gross estimated liabilities	15,797	17,363
Self-insured claims	$ 4,414	4,780
Recognized income tax	50%
Interest and penalties	$ 3	36
Advertising expenses	$ 3,942	3,576
Other operating income		20,188
Earnout shares (in Shares) \| shares	152,370
Assets	$ 1,854,425	1,782,238
Liabilities	$ 1,662,105	1,452,115
Minimum [Member]
Significant Accounting Policies (Details) [Line Items]
Interest rate	20%
Estimated useful life	3 years
Finite-lived intangible assets useful lives	1 year
Over remaining lease terms	1 year
Assets	$ 430,000
Maximum [Member]
Significant Accounting Policies (Details) [Line Items]
Interest rate	50%
Estimated useful life	5 years
Finite-lived intangible assets useful lives	9 years
Over remaining lease terms	36 years
Liabilities	$ 530,000
Class A Common Stock [Member]
Significant Accounting Policies (Details) [Line Items]
Common stock (in Shares) \| shares	22,361,278
Cash and Cash Equivalents [Member]
Significant Accounting Policies (Details) [Line Items]
Cash equivalents totaled	$ 8,688	$ 8,534

Significant Accounting Polici_4

Significant Accounting Policies (Details) - Schedule of estimated useful lives of property and equipment	12 Months Ended
	Jul. 03, 2022
Buildings and improvements [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives of property and equipment	2 – 39 years
Leasehold improvements [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives of property and equipment	lesser of asset’s useful life or lease term (1 month – 20 years)
Equipment, furniture, and fixtures [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives of property and equipment	2 – 15 years

Significant Accounting Polici_5

Significant Accounting Policies (Details) - Schedule of revenue disaggregated by major revenue categories - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2022	Jun. 27, 2021
Concentration Risk [Line Items]
Total revenues amount	$ 911,705	$ 395,234
Total revenues percentage	100%	100%
Bowling [Member]
Concentration Risk [Line Items]
Total revenues amount	$ 452,349	$ 203,730
Total revenues percentage	51%	52%
Food and beverage [Member]
Concentration Risk [Line Items]
Total revenues amount	$ 321,441	$ 128,393
Total revenues percentage	35%	32%
Amusement [Member]
Concentration Risk [Line Items]
Total revenues amount	$ 118,940	$ 48,414
Total revenues percentage	13%	12%
Media [Member]
Concentration Risk [Line Items]
Total revenues amount	$ 18,975	$ 14,697
Total revenues percentage	2%	4%

Business Combinations and Acq_3

Business Combinations and Acquisitions (Details) $ in Thousands	12 Months Ended
	Jul. 03, 2022 USD ($) shares	Jun. 27, 2021 USD ($) shares
Business Combinations and Acquisitions (Details) [Line Items]
Vested withholding shares (in Shares) \| shares	1,068,884
Common stock shares outstanding (in Shares) \| shares	165,378,145
Common stock shares issued (in Shares) \| shares	165,378,145
Warrant price (in Shares) \| shares		17,225,692
Transaction costs	$ 2,956
Total purchase price		$ 2,760
PIPE [Member]
Business Combinations and Acquisitions (Details) [Line Items]
Warrant price (in Shares) \| shares	17,225,692
Business Combination [Member]
Business Combinations and Acquisitions (Details) [Line Items]
Goodwill recognized	$ 8,097
Number of acquisitions	8
Consideration transferred	$ 72,737
Consideration transferred, final	$ 53,146
Transaction units	1
Consideration transferred, preliminary	$ 19,591
Contingent consideration	1,470
Business combination, contingent consideration low	0
Business combination, contingent consideration high	$ 1,470
Class A Common Stock [Member]
Business Combinations and Acquisitions (Details) [Line Items]
Common stock shares issued (in Shares) \| shares	107,066,302
Class B Common Stock [Member]
Business Combinations and Acquisitions (Details) [Line Items]
Common stock shares issued (in Shares) \| shares	58,311,203

Business Combinations and Acq_4

Business Combinations and Acquisitions (Details) - Schedule of merger to the consolidated statement of cash flows $ in Thousands	12 Months Ended
	Jul. 03, 2022 USD ($)
Isos Acquisition Corporation Trust [Member]
Business Acquisition [Line Items]
Cash	$ 254,851
Recapitalization [Member]
Business Acquisition [Line Items]
Less: Bowlero transaction costs	(20,670)
Total cash received, net of transaction costs	419,347
Payoff of preferred stock and accumulated dividends	(145,298)
Consideration to existing Bowlero shareholders	(226,000)
Consideration to Bowlero option holders	(15,467)
Total distributions	(386,765)
Net cash received	32,582
Earnout liability	181,113
Warrant liability	22,426
Total liabilities recognized	203,539
Less: Isos transaction costs paid from Trust	(23,869)
Less: Redemptions of existing shareholders of Isos	(136,569)
Net cash proceeds from SPAC shareholders	94,413
PIPE [Member]
Business Acquisition [Line Items]
Cash	150,604
Forward [Member]
Business Acquisition [Line Items]
Cash	100,000
PIPE Preferred [Member]
Business Acquisition [Line Items]
Cash	$ 95,000

Business Combinations and Acq_5

Business Combinations and Acquisitions (Details) - Schedule of business combinations - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2022	Jun. 27, 2021
2022 Business Combinations [Member]
Business Combinations and Acquisitions (Details) - Schedule of business combinations [Line Items]
Current assets	$ 2,547
Property and equipment	50,011
Identifiable intangible assets	4,020
Goodwill	16,706
Total assets acquired	73,284
Current liabilities	(547)
Total liabilities assumed	(547)
Total fair value, net of cash acquired	72,737
Cash	69,259
Holdback	2,008
Contingent consideration	1,470
Total consideration transferred	72,737
Transaction expenses included in “other operating expense” in the consolidated statement of operations for fiscal year	1,121
2022 Business Combinations [Member] \| Final [Member]
Business Combinations and Acquisitions (Details) - Schedule of business combinations [Line Items]
Current assets	2,531
Property and equipment	32,718
Identifiable intangible assets	3,400
Goodwill	14,944
Total assets acquired	53,593
Current liabilities	(447)
Total liabilities assumed	(447)
Total fair value, net of cash acquired	53,146
Cash	50,068
Holdback	1,608
Contingent consideration	1,470
Total consideration transferred	53,146
Transaction expenses included in “other operating expense” in the consolidated statement of operations for fiscal year	880
2022 Business Combinations [Member] \| Preliminary [Member]
Business Combinations and Acquisitions (Details) - Schedule of business combinations [Line Items]
Current assets	16
Property and equipment	17,293
Identifiable intangible assets	620
Goodwill	1,762
Total assets acquired	19,691
Current liabilities	(100)
Total liabilities assumed	(100)
Total fair value, net of cash acquired	19,591
Cash	19,191
Holdback	400
Total consideration transferred	19,591
Transaction expenses included in “other operating expense” in the consolidated statement of operations for fiscal year	$ 241
2021 business combinations [Member]
Business Combinations and Acquisitions (Details) - Schedule of business combinations [Line Items]
Current assets		$ 90
Property and equipment		181
Identifiable intangible assets		465
Goodwill		2,350
Total assets acquired		3,086
Current liabilities		326
Total liabilities assumed		326
Total fair value, net of cash acquired		2,760
Cash		2,760
Transaction expenses included in “other operating expense” in the consolidated statement of operations for fiscal year		$ 69

Business Combinations and Acq_6

Business Combinations and Acquisitions (Details) - Schedule of business combinations (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2022	Jun. 27, 2021
2022 Business Combinations [Member] \| Preliminary [Member]
Business Combinations and Acquisitions (Details) - Schedule of business combinations (Parentheticals) [Line Items]
Total fair value, net of cash acquired	$ 49
2021 business combinations [Member]
Business Combinations and Acquisitions (Details) - Schedule of business combinations (Parentheticals) [Line Items]
Total fair value, net of cash acquired		$ 5

Business Combinations and Acq_7

Business Combinations and Acquisitions (Details) - Schedule of asset acquisition $ in Thousands	12 Months Ended
	Jul. 03, 2022 USD ($)
Business Combinations and Acquisitions (Details) - Schedule of asset acquisition [Line Items]
Current assets	$ 2,954
Property and equipment	48,685
Identifiable intangible assets	2,235
Assets held for sale	10,985
Current liabilities	(1,507)
Deferred tax liability	(9,107)
Total consideration transferred	54,245
Bowl America [Member]
Business Combinations and Acquisitions (Details) - Schedule of asset acquisition [Line Items]
Current assets	2,949
Property and equipment	40,121
Identifiable intangible assets	1,099
Assets held for sale	10,985
Current liabilities	(1,426)
Deferred tax liability	(9,107)
Total consideration transferred	44,621
Other Asset Acquisition [Member]
Business Combinations and Acquisitions (Details) - Schedule of asset acquisition [Line Items]
Current assets	5
Property and equipment	8,564
Identifiable intangible assets	1,136
Current liabilities	(81)
Total consideration transferred	$ 9,624

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Dec. 26, 2021	Jul. 03, 2022	Jun. 27, 2021
Goodwill and Other Intangible Assets (Details) [Line Items]
Amortization expense		$ 3,412
Amortization expense		3,298	$ 2,400
Maximum [Member]
Goodwill and Other Intangible Assets (Details) [Line Items]
Remaining useful life	5 years 9 months
Minimum [Member]
Goodwill and Other Intangible Assets (Details) [Line Items]
Remaining useful life	6 months
Favorable Leases [Member]
Goodwill and Other Intangible Assets (Details) [Line Items]
Favorable leases		30,732	34,618
Net of accumulated amortization		14,002	12,300
Amortization expense		4,265	3,075
Unfavorable Leases [Member]
Goodwill and Other Intangible Assets (Details) [Line Items]
Net of accumulated amortization		2,537	5,135
Amortization expense		478	458
Unfavorable leases		$ 294	$ 1,096

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Details) - Schedule of changes in the carrying amount of goodwill - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2022	Jun. 27, 2021
Schedule Of Changes In The Carrying Amount Of Goodwill Abstract
Beginning balance	$ 726,156	$ 724,932
Goodwill resulting from acquisitions	16,706	2,350
Goodwill adjustments made during fiscal 2022	(193)
Foreign currency translation adjustment		(1,126)
Ending balance	$ 742,669	$ 726,156

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Details) - Schedule of intangible assets - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2022	Jun. 27, 2021
Finite-lived intangible assets:
Weighted average life (in years)	3 years	4 years
Gross carrying amount	$ 45,844	$ 40,180
Accumulated amortization	(32,880)	(23,150)
Net carrying amount	12,964	17,030
Indefinite-lived intangible assets:
Gross carrying amount	125,473	119,207
Accumulated amortization	(32,880)	(23,150)
Net carrying amount	$ 92,593	$ 96,057
AMF trade name [Member]
Finite-lived intangible assets:
Weighted average life (in years)	2 years	1 year
Gross carrying amount	$ 9,900	$ 9,900
Accumulated amortization	(8,593)	(7,920)
Net carrying amount	$ 1,307	$ 1,980
Bowlmor trade name [Member]
Finite-lived intangible assets:
Weighted average life (in years)	0 years	6 years
Gross carrying amount	$ 6,500	$ 6,500
Accumulated amortization	$ (6,500)	(2,600)
Net carrying amount		$ 3,900
Other acquisition trade names [Member]
Finite-lived intangible assets:
Weighted average life (in years)	4 years	7 years
Gross carrying amount	$ 1,761	$ 1,010
Accumulated amortization	(651)	(173)
Net carrying amount	$ 1,110	$ 837
Customer relationships [Member]
Finite-lived intangible assets:
Weighted average life (in years)	2 years	3 years
Gross carrying amount	$ 21,112	$ 18,370
Accumulated amortization	(13,989)	(10,471)
Net carrying amount	$ 7,123	$ 7,899
Management contracts [Member]
Finite-lived intangible assets:
Weighted average life (in years)	2 years	2 years
Gross carrying amount	$ 1,800	$ 1,800
Accumulated amortization	(1,443)	(1,150)
Net carrying amount	$ 357	$ 650
Non-compete agreements [Member]
Finite-lived intangible assets:
Weighted average life (in years)	4 years	4 years
Gross carrying amount	$ 2,450	$ 1,200
Accumulated amortization	(1,067)	(514)
Net carrying amount	$ 1,383	$ 686
PBA member, sponsor & media relationships [Member]
Finite-lived intangible assets:
Weighted average life (in years)	8 years	8 years
Gross carrying amount	$ 1,400	$ 1,400
Accumulated amortization	(504)	(322)
Net carrying amount	$ 896	1,078
Other intangible assets [Member]
Finite-lived intangible assets:
Weighted average life (in years)	4 years
Gross carrying amount	$ 921
Accumulated amortization	(133)
Net carrying amount	788
Liquor licenses [Member]
Indefinite-lived intangible assets:
Gross carrying amount	9,629	9,027
Net carrying amount	9,629	9,027
PBA trade name [Member]
Indefinite-lived intangible assets:
Gross carrying amount	3,100	3,100
Net carrying amount	3,100	3,100
Bowlero trade name [Member]
Indefinite-lived intangible assets:
Gross carrying amount	66,900	66,900
Net carrying amount	66,900	66,900
Indefinite-Lived Intangible Assets [Member]
Indefinite-lived intangible assets:
Gross carrying amount	79,629	79,027
Net carrying amount	$ 79,629	$ 79,027

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets (Details) - Schedule of finite-lived intangible asset amortization - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2022	Jun. 27, 2021
Schedule Of Finite Lived Intangible Asset Amortization Abstract
Amortization expense	$ 9,461	$ 6,030

Goodwill and Other Intangible_7

Goodwill and Other Intangible Assets (Details) - Schedule of estimated aggregate amortization expense for finite-lived intangibles $ in Thousands	Jul. 03, 2022 USD ($)
Schedule Of Estimated Aggregate Amortization Expense For Finite Lived Intangibles Abstract
2023	$ 6,088
2024	4,453
2025	879
2026	648
2027	370
Thereafter	$ 526

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
Property and Equipment (Details) - USD ($) $ in Thousands	Jul. 03, 2022	Jun. 27, 2021
Property and Equipment (Details) [Line Items]
Assets held for sale	$ 8,789	$ 686
Included liquor licenses	315	175
Acquired in real property	162,371	$ 43,137
Real Property [Member]
Property and Equipment (Details) [Line Items]
Acquired in real property	$ 8,474

Property and Equipment (Detai_2

Property and Equipment (Details) - Schedule of property and equipment - USD ($) $ in Thousands	Jul. 03, 2022	Jun. 27, 2021
Schedule Of Property And Equipment Abstract
Land	$ 77,006	$ 19,879
Buildings and improvements	69,219	16,155
Leasehold improvements	349,534	313,441
Equipment, furniture, and fixtures	375,780	315,719
Construction in progress	15,638	27,028
Property and equipment, gross	887,177	692,222
Accumulated depreciation	(352,456)	(276,561)
Property and equipment, net of accumulated depreciation	$ 534,721	$ 415,661

Property and Equipment (Detai_3

Property and Equipment (Details) - Schedule of depreciation expense related to property and equipment - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2022	Jun. 27, 2021
Schedule Of Depreciation Expense Related To Property And Equipment Abstract
Depreciation expense	$ 77,471	$ 67,934

Leases (Details)

Leases (Details) $ in Thousands	12 Months Ended
Leases (Details) $ in Thousands	Jul. 03, 2022 USD ($)	Jun. 27, 2021 USD ($)
Leases (Details) [Line Items]
Number of bowling centers	200
Number of lease renewal options	8
Renewal option term for master leases	10 years
Renewal term of operating and capital leases	5 years
Accrued rent	$ 26,417	$ 26,853
Rent abatements	7,470
Cost of revenue	5,603
Selling general and administrative expenses	1,867
Accumulated amortization on property plant and equipment	$ 47,298	$ 34,609
Minimum [Member]
Leases (Details) [Line Items]
Lease term	10 years
Maximum [Member]
Leases (Details) [Line Items]
Lease term	15 years

Leases (Details) - Schedule of

Leases (Details) - Schedule of operating and capital leases - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2022	Jun. 27, 2021
Operating Leases
Rent expense	$ 55,189	$ 58,114
Capital Leases
Interest expense	39,514	35,599
Amortization expense	12,940	12,870
Total capital lease cost	$ 52,454	$ 48,469

Leases (Details) - Schedule o_2

Leases (Details) - Schedule of future minimum rental payments $ in Thousands	Jul. 03, 2022 USD ($)
Operating Leases [Member]
Leases (Details) - Schedule of future minimum rental payments [Line Items]
2023	$ 49,783
2024	46,800
2025	50,345
2026	47,767
2027	48,269
Thereafter	525,028
Total rent payments	767,992
Capital Leases [Member]
Leases (Details) - Schedule of future minimum rental payments [Line Items]
2023	41,261
2024	42,524
2025	42,551
2026	37,426
2027	39,989
Thereafter	995,185
Total rent payments	1,198,936
Less: Imputed interest payments for capital leases	798,306
Present value of capital lease obligation	$ 400,630

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - Schedule of supplemental cash flow information - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2022	Jun. 27, 2021
Cash paid during the period for:
Interest	$ 88,292	$ 81,685
Income taxes, net of refunds	3,898	818
Noncash investing and financing transactions:
Capital expenditures in accounts payable	8,895	4,193
Capital lease assets obtained in exchange for capital lease liabilities	7,463	5,401
Modifications of capital lease assets and liabilities	(15,001)	6,971
Change in fair value of interest rate swap	8,869	8,631
Issuance of warrants in Business Combination	22,426
Issuance of earnout shares in Business Combination	181,113
Warrant redemption	(40,156)
Unsettled treasury stock trade payable	$ 3,094

Accrued Expenses (Details) - Sc

Accrued Expenses (Details) - Schedule of accrued expenses - USD ($) $ in Thousands	Jul. 03, 2022	Jun. 27, 2021
Schedule Of Accrued Expenses Abstract
Compensation	$ 15,746	$ 13,577
Taxes and licenses	11,568	9,646
Customer deposits	10,728	7,114
Insurance	5,229	8,285
Deferred revenue	6,384	5,885
Utilities	4,185	3,399
Deferred rent	3,252	4,384
Professional fees	3,062	4,473
Interest	498	4,693
Other	2,202	2,194
Total accrued expenses	$ 62,854	$ 63,650

Debt (Details)

Debt (Details) $ in Thousands				1 Months Ended			12 Months Ended
Debt (Details) $ in Thousands	Dec. 17, 2021 USD ($)	Dec. 15, 2021 USD ($)	Dec. 14, 2021 USD ($)	Dec. 17, 2021	Sep. 25, 2020 USD ($)	Nov. 30, 2019	Jul. 03, 2022 USD ($)	Jun. 27, 2021 USD ($)
Debt (Details) [Line Items]
Principal payments (in Dollars)							$ 2,053
Revolving credit facility (in Dollars)	$ 165,000	$ 140,000
Maturity date of term loans		90 days
Aggregate principal amount (in Dollars)		$ 175,000
Revolving increased amount (in Dollars)	$ 25,000
Percentage of fiscal quarter				0.35
Incremental liquidity facility amount (in Dollars)			$ 150,000
Interest rate during period					3%
Loan utilized closing amount (in Dollars)					$ 45,000
Remaining available subject to approval amount (in Dollars)					$ 105,000
Letters of credit (in Dollars)							$ 9,136	$ 9,100
Rate of interest								2.561%
Fixed rate fee								0.179%
Interest rate								3%
Other long-term liabilities (in Dollars)								$ 8,869
Maximum [Member]
Debt (Details) [Line Items]
Fiscal quarter				6 years
First Lien Credit Facility Term Loan [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt (Details) [Line Items]
Basis spread on variable rate							3.50%
First Lien Credit Facility Term Loan [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Minimum [Member]
Debt (Details) [Line Items]
Variable rate floor							1%
Revolving Credit Facility [Member]
Debt (Details) [Line Items]
Interest rate during period							1%
Credit agreement amount (in Dollars)			$ 50,000
Revolving Credit Facility [Member] \| Minimum [Member]
Debt (Details) [Line Items]
Interest rate during period							3.75%
Revolving Credit Facility [Member] \| Maximum [Member]
Debt (Details) [Line Items]
Interest rate during period							4.25%
Revolving Credit Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt (Details) [Line Items]
Basis spread on variable rate						1%
Revolving Credit Facility [Member] \| Base Rate [Member]
Debt (Details) [Line Items]
Basis spread on variable rate						0.50%
Revolving Credit Facility [Member] \| Prime Rate [Member]
Debt (Details) [Line Items]
Basis spread on variable rate						2%

Debt (Details) - Schedule of De

Debt (Details) - Schedule of Debt Structure - USD ($) $ in Thousands	Jul. 03, 2022	Jun. 27, 2021
Debt (Details) - Schedule of Debt Structure [Line Items]
Long-term debt, gross	$ 876,705	$ 885,387
Less:
Unamortized financing costs	(6,649)	(9,800)
Current portion of unamortized financing costs	3,245	3,152
Current maturities of long-term debt	(8,211)	(8,211)
Total long-term debt	865,090	870,528
First Lien Credit Facility Term Loan [Member]
Debt (Details) - Schedule of Debt Structure [Line Items]
Long-term debt, gross	790,271	800,534
New Revolver [Member]
Debt (Details) - Schedule of Debt Structure [Line Items]
Long-term debt, gross	86,434
Revolving Credit Facility [Member]
Debt (Details) - Schedule of Debt Structure [Line Items]
Long-term debt, gross		39,853
Incremental Liquidity Facility [Member]
Debt (Details) - Schedule of Debt Structure [Line Items]
Long-term debt, gross		$ 45,000

Debt (Details) - Schedule of _2

Debt (Details) - Schedule of Debt Structure (Parentheticals)	Jul. 03, 2022	Jun. 27, 2021
First Lien Credit Facility Term Loan [Member]
Debt (Details) - Schedule of Debt Structure (Parentheticals) [Line Items]
Variable rate interest	5.17%	4.55%
New Revolver [Member]
Debt (Details) - Schedule of Debt Structure (Parentheticals) [Line Items]
Variable rate interest	4.13%

Debt (Details) - Schedule of Mi

Debt (Details) - Schedule of Minimum Repayments of Debt - USD ($) $ in Thousands	Jul. 03, 2022	Jun. 27, 2021
Schedule Of Minimum Repayments Of Debt Abstract
2023	$ 8,211
2024	94,645
2025	773,849
Total	$ 876,705	$ 885,387

Debt (Details) - Schedule of In

Debt (Details) - Schedule of Interest Rate Swap and Cap Agreements $ in Thousands	12 Months Ended
	Jun. 27, 2021 USD ($)
Debt Instrument [Line Items]
Total notional amounts	$ 650,000
Interest Rate Swap [Member]
Debt Instrument [Line Items]
Interest rate swaps	$ 552,500
Interest rate swaps	Jun. 30, 2022
Interest Rate Cap [Member]
Debt Instrument [Line Items]
Interest rate caps	$ 97,500
Interest rate caps	Mar. 31, 2022

Debt (Details) - Schedule of Re

Debt (Details) - Schedule of Reclassifications from AOCI into Income - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2022	Jun. 27, 2021
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Interest expense reclassified from AOCI into net loss	$ 8,809	$ 9,002

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Jul. 03, 2022	Jun. 27, 2021
Income Tax Disclosure [Abstract]
Income tax receivable	$ 147	$ 119
Current tax liability	2,417
Income tax liability	27	26
U.S. tax credit carryforwards	209	209
U.S. federal net operating loss carryforwards	460,572	546,452
Interest carryforward	20,825	24,340
NOL carryforward not subject to expiration	37,851
NOL carryforward not subject to expiration	276,057
NOL carryforward subject to expiration	195,900
Deferred tax assets	138,605	166,323
Effective tax rate	6	5
Deferred taxes	$ 21	$ 21

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of total loss before income taxes - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2022	Jun. 27, 2021
Loss before tax:
U.S.	$ (31,388)	$ (123,360)
Foreign	764	(4,136)
Total loss before tax	$ (30,624)	$ (127,496)

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of income tax (benefit) expense - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2022	Jun. 27, 2021
Current income tax provision:
Federal	$ 2,481
State and local	3,601	505
Foreign	107	(122)
Total current provision	6,189	383
Deferred income tax provision:
Federal	(6,307)	9
State and local	(895)	(1,707)
Foreign	323	280
Total deferred provision	(6,879)	(1,418)
Total income tax benefit	$ (690)	$ (1,035)

Income Taxes (Details) - Sche_3

Income Taxes (Details) - Schedule of provision for income taxes - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2022	Jun. 27, 2021
Schedule Of Provision For Income Taxes Abstract
Federal statutory rate	$ (6,431)	$ (26,774)
Federal statutory rate, percenatge	21%	21%
State and local tax net of federal benefit	$ 6,675	$ (6,190)
State and local tax net of federal benefit, percenatge	(21.80%)	4.90%
Deferred tax asset valuation allowance	$ (29,901)	$ 34,060
Deferred tax asset valuation allowance, percenatge	97.60%	(26.70%)
Business Combination and asset acquisition items	$ 10,800
Business Combination and asset acquisition items, percenatge	(35.30%)
Compensation limited by section 162(m) of the Internal Revenue Code	$ 17,590
Compensation limited by section 162(m) of the Internal Revenue Code, percenatge	(57.40%)
Uncertain tax positions	$ 1	$ 2
Uncertain tax positions, percenatge		0%
Foreign tax rate difference	$ 65	$ (1,251)
Foreign tax rate difference, percenatge	(0.20%)	1%
Other	$ 511	$ (882)
Other, percenatge	(1.60%)	0.60%
Effective tax rate	$ (690)	$ (1,035)
Effective tax rate, percenatge	2.30%	0.80%

Income Taxes (Details) - Sche_4

Income Taxes (Details) - Schedule of tax effects of temporary differences and carryforwards - USD ($) $ in Thousands	Jul. 03, 2022	Jun. 27, 2021
Deferred income tax assets:
Reserves not currently deductible	$ 21,961	$ 40,458
Capital lease liability	105,157	98,545
Net operating loss, interest, and tax credit carryforwards	109,504	132,184
Subtotal	236,622	271,187
Less: Valuation allowance	138,605	166,323
Total net deferred income tax assets	98,017	104,864
Deferred income tax liabilities:
Property and equipment	83,994	85,377
Favorable and unfavorable leases	7,827	8,886
Goodwill and intangibles	21,078	22,468
Total deferred income tax liabilities	112,899	116,731
Net deferred income tax liabilities	$ 14,882	$ 11,867

Income Taxes (Details) - Sche_5

Income Taxes (Details) - Schedule of reconciliation of unrecognized tax benefits - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2022	Jun. 27, 2021
Schedule Of Reconciliation Of Unrecognized Tax Benefits Abstract
Balance at beginning of year	$ 26	$ 22
Additions for tax positions of prior years	1	4
Reductions for tax positions of prior years
Tax settlements
Balance at end of year	$ 27	$ 26

Commitments and Contingencies (

Commitments and Contingencies (Details) - Age Discrimination Claims For 2016-2019 With EEOC [Member]	Jul. 03, 2022
Commitments and Contingencies (Details) [Line Items]
Number of pending claims	76
Number of probable cause charges	13

Warrants (Details)

Warrants (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
	Feb. 03, 2024	Jul. 03, 2022	May 16, 2022	Apr. 27, 2022	Feb. 07, 2022
Warrants (Details) [Line Items]
Repurchase of authorized amount (in Dollars)					$ 200,000
Warrants repurchased (in Dollars)		$ 5,382
Redemption price of warrants or rights (in Dollars per share)		$ 0.1
Class A Common Stock [Member]
Warrants (Details) [Line Items]
Purchase of warrants		4,266,439
Forecast [Member] \| Class A Common Stock [Member]
Warrants (Details) [Line Items]
Stock and warrants	2,690,272
Public and Private Placement Warrants [Member]
Warrants (Details) [Line Items]
Refemption price (in Dollars per share)			$ 0.1
Redemption price of warrants or rights (in Dollars per share)		$ 0.1		$ 12.0985
Public and Private Placement Warrants [Member] \| Class A Common Stock [Member]
Warrants (Details) [Line Items]
Redemption of warrants or rights, shares received				0.2936
Public Warrants [Member]
Warrants (Details) [Line Items]
Purchase of warrants		9,128,891
Warrants exercised		5,397,828
Warrants redeemed		8,701

Warrants (Details) - Schedule o

Warrants (Details) - Schedule of warrant activity	12 Months Ended
Warrants (Details) - Schedule of warrant activity	Jul. 03, 2022 shares
Warrants (Details) - Schedule of warrant activity [Line Items]
Warrants outstanding,Beginning balance	17,225,692
Repurchased	(2,690,272)
Exercised	(14,526,719)	[1]
Redeemed	(8,701)
Warrants outstanding, Ending balance
Publicly traded warrants [Member]
Warrants (Details) - Schedule of warrant activity [Line Items]
Warrants outstanding,Beginning balance	11,827,864
Repurchased	(2,690,272)
Exercised	(9,128,891)	[1]
Redeemed	(8,701)
Warrants outstanding, Ending balance
Private Placement Warrants [Member]
Warrants (Details) - Schedule of warrant activity [Line Items]
Warrants outstanding,Beginning balance	3,778,480
Repurchased
Exercised	(3,778,480)	[1]
Redeemed
Warrants outstanding, Ending balance
Unvested Private Placement Warrant [Member]
Warrants (Details) - Schedule of warrant activity [Line Items]
Warrants outstanding,Beginning balance	1,619,348
Repurchased
Exercised	(1,619,348)	[1]
Redeemed
Warrants outstanding, Ending balance

[1]As a result of exercising the warrants, 4,266,439 Earnouts

Earnouts (Details)

Earnouts (Details) - USD ($)	12 Months Ended
Earnouts (Details) - USD ($)	Jul. 03, 2022	Jun. 27, 2021
Earnouts (Details) [Line Items]
Earnout shares	10,375,000
Sponsor support agreement description	As part of the Sponsor Support Agreement, the Sponsor and LionTree were issued 1,611,278 Earnout Shares which vest during the period from and after the Closing Date until the fifth anniversary of the Closing Date: (a) 805,639 Earnout Shares if the closing share price of Bowlero’s Class A common stock equals or exceeds $15.00 per share for any 10 trading days within any consecutive 20-trading day period that occurs after the Closing Date and (b) 805,639 Earnout Shares, if the closing share price of Class A common stock equals or exceeds $17.50 per share for any 10 trading days within any consecutive 20-trading day period.
Additional Earnout Shares	475,440
Changes in fair value of earnout shares	$ 129,336
Common Class A [Member]
Earnouts (Details) [Line Items]
Class A common stock, par value	$ 0.0001	$ 1
Exceeds share, per share	$ 17.5
Milestone Three Earnout Shares [Member]
Earnouts (Details) [Line Items]
Earnout shares vest	237,721
Share par value	$ 15
Milestone Four Earnout Shares [Member]
Earnouts (Details) [Line Items]
Earnout shares vest	237,719
Share par value	$ 17.5
Bowlero [Member]
Earnouts (Details) [Line Items]
Earnout shares	10,375,000
Bowlero [Member] \| Common Class A [Member]
Earnouts (Details) [Line Items]
Exceeds share, per share	$ 15

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - Schedule of fair value and carrying value of our debt - USD ($) $ in Thousands	Jul. 03, 2022	Jun. 27, 2021
Schedule Of Fair Value And Carrying Value Of Our Debt Abstract
Carrying value	$ 876,705	$ 885,387
Fair value	$ 841,637	$ 887,102

Fair Value of Financial Instr_4

Fair Value of Financial Instruments (Details) - Schedule of fair value measurements and hierarchy level - USD ($) $ in Thousands	Jul. 03, 2022	Jun. 27, 2021
Fair Value of Financial Instruments (Details) - Schedule of fair value measurements and hierarchy level [Line Items]
Earnout shares	$ 210,952
Contingent consideration	1,470
Total liabilities	212,422	$ 8,869
Interest rate swaps and caps		8,869
Fair Value, Inputs, Level 1 [Member]
Fair Value of Financial Instruments (Details) - Schedule of fair value measurements and hierarchy level [Line Items]
Earnout shares
Contingent consideration
Total liabilities
Interest rate swaps and caps
Fair Value, Inputs, Level 2 [Member]
Fair Value of Financial Instruments (Details) - Schedule of fair value measurements and hierarchy level [Line Items]
Earnout shares
Contingent consideration
Total liabilities		8,869
Interest rate swaps and caps		8,869
Fair Value, Inputs, Level 3 [Member]
Fair Value of Financial Instruments (Details) - Schedule of fair value measurements and hierarchy level [Line Items]
Earnout shares	210,952
Contingent consideration	1,470
Total liabilities	$ 212,422
Interest rate swaps and caps

Fair Value of Financial Instr_5

Fair Value of Financial Instruments (Details) - Schedule of fair value of the warrant liability is classified as Level 1 and Level 3 - Level 3 [Member]	12 Months Ended
	Jul. 03, 2022 $ / shares
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected term in years	4 years 5 months 12 days
Expected volatility	55%
Risk-free interest rate	2.87%
Stock price (in Dollars per share)	$ 11
Dividend yield

Fair Value of Financial Instr_6

Fair Value of Financial Instruments (Details) - Schedule of changes in the estimated fair value - Earnouts [Member] - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2022	Jun. 27, 2021
Derivative [Line Items]
Fair value beginning balance	$ 210,952
Issuances	185,152
Settlements
Changes in fair value	25,800
Fair value ending balance	$ 210,952

Common Stock, Preferred Stock_2

Common Stock, Preferred Stock and Stockholders' Equity (Details)			12 Months Ended
	Nov. 15, 2019	Jul. 03, 2017 shares	Jul. 03, 2022 USD ($) $ / shares shares	Feb. 07, 2022 USD ($)	Jun. 27, 2021 $ / shares shares
Common Stock, Preferred Stock and Stockholders' Equity (Details) [Line Items]
Number of stock classes			3
Total authorized shares			2,400,000,000
Preferred stock, shares authorized					4,968,299
Preferred stock, par value (in Dollars per share) \| $ / shares			$ 0.0001		$ 0.0001
Preferred stock, shares outstanding			200,000		2,642,587
Preferred stock, shares issued			200,000		2,642,587
Redeemable common stock, outstanding
Dividend period	3 years		3 years
Conversion price percentage			130%
Trading days			20
Consecutive trading day			30
Authorized amount (in Dollars) \| $				$ 200,000,000
Remaining balance under repurchase plan (in Dollars) \| $			$ 160,061,000
Class A Common Stock [Member]
Common Stock, Preferred Stock and Stockholders' Equity (Details) [Line Items]
Common stock, shares authorized			2,000,000,000		496,829,868
Ordinary shares, par value (in Dollars per share) \| $ / shares			$ 0.0001		$ 1
Common stock, shares issued			110,395,630		146,848,328
Common stock, shares outstanding			110,395,630		146,848,328
Shares subject to possible forfeiture			3,209,972
Shares held in treasury			3,430,667
Voting per share			one
Shares held in treasury			3,430,667
Share repurchases (in Dollars) \| $			$ 34,557,000
Class B Common Stock [Member]
Common Stock, Preferred Stock and Stockholders' Equity (Details) [Line Items]
Common stock, shares authorized			200,000,000
Ordinary shares, par value (in Dollars per share) \| $ / shares			$ 0.0001
Common stock, shares issued			55,911,203
Common stock, shares outstanding			55,911,203
Voting per share			ten
Redeemable common stock			51,397,025
Series A Preferred Stock [Member]
Common Stock, Preferred Stock and Stockholders' Equity (Details) [Line Items]
Preferred stock, shares authorized			200,000,000
Preferred stock, shares outstanding			200,000
Preferred stock, shares issued			200,000
Dividend rate percentage			5.50%
Preferred stock equity voting power rate percentage			50%
Liquidation preference per share (in Dollars per share) \| $ / shares			$ 1,000
Preferred stock dividend (in Dollars) \| $			$ 6,002,000
Temporary equity, accumulated dividends (in Dollars) \| $			$ 6,097,000
Series of Individually Immaterial Business Acquisitions [Member]
Common Stock, Preferred Stock and Stockholders' Equity (Details) [Line Items]
Outstanding voting securities			50%
Old Bowlero [Member]
Common Stock, Preferred Stock and Stockholders' Equity (Details) [Line Items]
Common stock, shares issued		51,397,025
Preferred stock, shares outstanding
Voting rights
Dividend rate percentage			8%
Preferred stock with a cash payment (in Dollars) \| $			$ 145,298
Old Bowlero [Member] \| Maximum [Member]
Common Stock, Preferred Stock and Stockholders' Equity (Details) [Line Items]
Dividend rate percentage	10%
Old Bowlero [Member] \| Minimum [Member]
Common Stock, Preferred Stock and Stockholders' Equity (Details) [Line Items]
Dividend rate percentage	6%
Old Bowlero [Member] \| Class B Common Stock [Member]
Common Stock, Preferred Stock and Stockholders' Equity (Details) [Line Items]
Exchanged shares			51,397,025
Old Bowlero [Member] \| Series A Preferred Stock [Member]
Common Stock, Preferred Stock and Stockholders' Equity (Details) [Line Items]
Preferred stock, shares outstanding					2,642,587
Preferred stock, shares issued					2,642,587

Stock Based Compensation (Detai

Stock Based Compensation (Details) - USD ($) $ in Thousands				12 Months Ended
Stock Based Compensation (Details) - USD ($) $ in Thousands	Dec. 15, 2021	Dec. 14, 2021	Dec. 14, 2021	Jul. 03, 2022	Jun. 27, 2021	Jan. 07, 2020	Sep. 29, 2017
Stock Based Compensation (Details) [Line Items]
General and administrative expenses				$ 1,867
Options exercised				70,576
Options repurchas				$ 4,362
Contractual term				10 years
Vested options (in Shares)				665,912
Compensation cost of share based bonus				$ 14,228
Share-based bonus (in Shares)				1,422,813
Description of Employee stock purchase plan			The maximum number of shares of the Company’s Class A common stock available for sale under the ESPP shall not exceed an aggregate of 4,926,989 shares, subject to an annual increase on the first day of each calendar year beginning on January 1, 2022 and ending on and including January 1, 2031, equal to the least of (i) 1% of the aggregate number of Shares outstanding on the final day of the immediately preceding calendar year, (ii) 1,753,487 Shares and (iii) such number of shares as is determined by the Board. If the aggregate funds available for purchase of the Shares would cause an issuance of Shares in excess of the Shares then available for issuance under the ESPP, the Committee will proportionately reduce the number of Shares that would otherwise be purchased by each participant to eliminate the excess.
2017 Plan [Member]
Stock Based Compensation (Details) [Line Items]
Stock option share (in Shares)						50,581,181	16,316,506
2021 Plan [Member]
Stock Based Compensation (Details) [Line Items]
Granted share of common stock (in Shares)		26,446,033
Common stock authorized (in Shares)				28,587,357
Compensation cost of vested options				$ 3,323
Performance Shares [Member] \| 2017 Plan [Member]
Stock Based Compensation (Details) [Line Items]
Compensation cost for performance-based	$ 24,516
Compensation cost for unvested time-based options	$ 138
General and administrative expenses					$ 3,140
Cost of revenues					$ 24
Earnout Restricted Stock Unit [Member]
Stock Based Compensation (Details) [Line Items]
Contractual term				5 years
Service period				5 years
Employee Stock [Member]
Stock Based Compensation (Details) [Line Items]
Aggregate shares (in Shares)			4,926,989

Stock Based Compensation (Det_2

Stock Based Compensation (Details) - Schedule of stock options outstanding - USD ($)	12 Months Ended
	Jul. 03, 2022	Jun. 27, 2021
Two Thousand Seventeen Plan [Member]
Stock Based Compensation (Details) - Schedule of stock options outstanding [Line Items]
Number of Options Outstanding beggning	49,331,480	49,789,060
Weighted Average Exercise Price Per Share Outstanding beggning	$ 8.58	$ 8.53
Weighted Average Remaining Contractual Term Outstanding beggning		9 years
Aggregate Intrinsic Value Outstanding beggning
Number of Options Granted		68,513
Weighted Average Exercise Price Per Share Granted		$ 3.25
Weighted Average Remaining Contractual Term Granted		11 years
Aggregate Intrinsic Value Granted
Number of Options Exercised – stock	(10,436,555)
Weighted Average Exercise Price Per Share Exercised – stock	$ 3.25
Weighted Average Remaining Contractual Term Exercised – stock
Aggregate Intrinsic Value Exercised – stock
Number of Options Repurchased – cash	(639,122)
Weighted Average Exercise Price Per Share Repurchased – cash
Weighted Average Remaining Contractual Term Repurchased – cash
Aggregate Intrinsic Value Repurchased – cash
Number of Options Forfeited and cancelled	(17,962,453)	(526,093)
Weighted Average Exercise Price Per Share Forfeited and cancelled	$ 13.53	$ 3.12
Weighted Average Remaining Contractual Term Forfeited and cancelled
Aggregate Intrinsic Value Forfeited and cancelled
Number of Options Outstanding ending	20,293,350	49,331,480
Weighted Average Exercise Price Per Share Outstanding ending	$ 7.16	$ 8.58
Weighted Average Remaining Contractual Term Outstanding ending	9 years 5 months 23 days	9 years 1 month 17 days
Aggregate Intrinsic Value Outstanding ending	$ 77,948
Number of Options Vested as of July 3, 2022	20,293,350
Weighted Average Exercise Price Per Share Vested as of July 3, 2022	$ 7.16
Weighted Average Remaining Contractual Term Vested as of July 3, 2022	9 years 5 months 23 days
Aggregate Intrinsic Value Vested as of July 3, 2022	$ 77,948
Number of Options Exercisable as of July 3, 2022	20,293,350
Weighted Average Exercise Price Per Share Exercisable as of July 3, 2022	$ 7.16
Weighted Average Remaining Contractual Term Exercisable as of July 3, 2022	9 years 5 months 23 days
Aggregate Intrinsic Value Exercisable as of July 3, 2022	$ 77,948
Two Thousand Twenty One [Member]
Stock Based Compensation (Details) - Schedule of stock options outstanding [Line Items]
Number of Options Outstanding beggning
Weighted Average Remaining Contractual Term Outstanding beggning
Number of Options Granted	9,415,912
Weighted Average Exercise Price Per Share Granted	$ 13.72
Weighted Average Remaining Contractual Term Granted	10 years
Number of Options Exercised – stock
Weighted Average Exercise Price Per Share Exercised – stock
Weighted Average Remaining Contractual Term Exercised – stock
Aggregate Intrinsic Value Exercised – stock
Number of Options Forfeited and cancelled
Weighted Average Exercise Price Per Share Forfeited and cancelled
Weighted Average Remaining Contractual Term Forfeited and cancelled
Aggregate Intrinsic Value Forfeited and cancelled
Number of Options Repurchased or settled
Weighted Average Exercise Price Per Share Repurchased or settled
Weighted Average Remaining Contractual Term Repurchased or settled
Aggregate Intrinsic Value Repurchased or settled
Number of Options Outstanding ending	9,415,912
Weighted Average Exercise Price Per Share Outstanding ending	$ 13.72
Weighted Average Remaining Contractual Term Outstanding ending	9 years 5 months 12 days
Aggregate Intrinsic Value Outstanding ending	$ 2,416
Number of Options Vested as of July 3, 2022	665,912
Weighted Average Exercise Price Per Share Vested as of July 3, 2022	$ 10
Weighted Average Remaining Contractual Term Vested as of July 3, 2022	9 years 5 months 12 days
Aggregate Intrinsic Value Vested as of July 3, 2022	$ 666
Number of Options Exercisable as of July 3, 2022	665,912
Weighted Average Exercise Price Per Share Exercisable as of July 3, 2022	$ 10
Weighted Average Remaining Contractual Term Exercisable as of July 3, 2022	9 years 5 months 12 days
Aggregate Intrinsic Value Exercisable as of July 3, 2022	$ 666

Stock Based Compensation (Det_3

Stock Based Compensation (Details) - Schedule of fair value of options at the date of grant was estimated using the Black-Scholes	12 Months Ended
	Jul. 03, 2022	Jun. 27, 2021
Schedule Of Fair Value Of Options At The Date Of Grant Was Estimated Using The Black Scholes Abstract
Expected term in years	6 years 8 months 4 days	5 years
Interest rate	1.39%	0.54%
Volatility	55.60%	71.50%
Dividend yield

Stock Based Compensation (Det_4

Stock Based Compensation (Details) - Schedule of measures the grant-date fair value based on the price of the Company’s shares on the grant date	12 Months Ended
	Jul. 03, 2022 USD ($) $ / shares shares
Time-Based Restricted Stock Unit [Member]
Stock Based Compensation (Details) - Schedule of measures the grant-date fair value based on the price of the Company’s shares on the grant date [Line Items]
Number of Units, Outstanding beginning balance \| shares
Weighted Average Grant Date Fair Value Per Share, Outstanding beginning balance \| $ / shares
Weighted Average Remaining Contractual Term, Outstanding beginning balance
Aggregate Intrinsic Value, Outstanding beginning balance \| $
Number of Units, Granted \| shares	947,325
Weighted Average Grant Date Fair Value Per Share, Granted \| $ / shares	$ 9.72
Weighted Average Remaining Contractual Term, Granted	2 years 6 months 3 days
Aggregate Intrinsic Value, Granted \| $
Number of Units, Vested \| shares
Weighted Average Grant Date Fair Value Per Share, Vested \| $ / shares
Aggregate Intrinsic Value, Vested \| $
Number of Units, Forfeited \| shares	(29,700)
Weighted Average Grant Date Fair Value Per Share, Forfeited \| $ / shares	$ 9.67
Aggregate Intrinsic Value, Forfeited \| $
Number of Units, Outstanding, ending balance \| shares	917,625
Weighted Average Grant Date Fair Value Per Share, Outstanding, ending balance \| $ / shares	$ 9.72
Weighted Average Remaining Contractual Term, Outstanding, ending balance	2 years 1 month 20 days
Aggregate Intrinsic Value, Outstanding, ending balance \| $	$ 10,094
Earnout Restricted Stock Unit [Member]
Stock Based Compensation (Details) - Schedule of measures the grant-date fair value based on the price of the Company’s shares on the grant date [Line Items]
Number of Units, Outstanding beginning balance \| shares
Weighted Average Grant Date Fair Value Per Share, Outstanding beginning balance \| $ / shares
Aggregate Intrinsic Value, Outstanding beginning balance \| $
Number of Units, Granted \| shares	152,370
Weighted Average Grant Date Fair Value Per Share, Granted \| $ / shares	$ 8.16
Weighted Average Remaining Contractual Term, Granted	5 years
Aggregate Intrinsic Value, Granted \| $
Number of Units, Vested \| shares
Weighted Average Grant Date Fair Value Per Share, Vested \| $ / shares
Aggregate Intrinsic Value, Vested \| $
Number of Units, Forfeited \| shares	(23,034)
Weighted Average Grant Date Fair Value Per Share, Forfeited \| $ / shares	$ 8.16
Aggregate Intrinsic Value, Forfeited \| $
Number of Units, Outstanding, ending balance \| shares	129,336
Weighted Average Grant Date Fair Value Per Share, Outstanding, ending balance \| $ / shares	$ 8.16
Weighted Average Remaining Contractual Term, Outstanding, ending balance	4 years 5 months 12 days
Aggregate Intrinsic Value, Outstanding, ending balance \| $	$ 1,423
Restricted Stock Units, Market and Service Conditions [Member]
Stock Based Compensation (Details) - Schedule of measures the grant-date fair value based on the price of the Company’s shares on the grant date [Line Items]
Number of Units, Outstanding beginning balance \| shares
Weighted Average Grant Date Fair Value Per Share, Outstanding beginning balance \| $ / shares
Aggregate Intrinsic Value, Outstanding beginning balance \| $
Number of Units, Granted \| shares	266,775
Weighted Average Grant Date Fair Value Per Share, Granted \| $ / shares	$ 6.64
Weighted Average Remaining Contractual Term, Granted	2 years 9 months 14 days
Aggregate Intrinsic Value, Granted \| $
Number of Units, Vested \| shares
Weighted Average Grant Date Fair Value Per Share, Vested \| $ / shares
Aggregate Intrinsic Value, Vested \| $
Number of Units, Forfeited \| shares	(9,900)
Weighted Average Grant Date Fair Value Per Share, Forfeited \| $ / shares	$ 6.64
Aggregate Intrinsic Value, Forfeited \| $
Number of Units, Outstanding, ending balance \| shares	256,875
Weighted Average Grant Date Fair Value Per Share, Outstanding, ending balance \| $ / shares	$ 6.64
Weighted Average Remaining Contractual Term, Outstanding, ending balance	2 years 5 months 12 days
Aggregate Intrinsic Value, Outstanding, ending balance \| $	$ 2,826

Stock Based Compensation (Det_5

Stock Based Compensation (Details) - Schedule of total compensation cost by plan - USD ($) $ in Thousands		12 Months Ended
	Dec. 15, 2021	Jul. 03, 2022
Two Thousand Twenty One [Member]
Stock Based Compensation (Details) - Schedule of total compensation cost by plan [Line Items]
Unrecognized Compensation Cost		$ 46,921
Weighted Average Remaining Period of Recognition		2 years 7 months 17 days
Two Thousand Seventeen Plan [Member]
Stock Based Compensation (Details) - Schedule of total compensation cost by plan [Line Items]
Unrecognized Compensation Cost		$ 50,236
Share-Based Payment Arrangement, Option [Member] \| Two Thousand Twenty One [Member]
Stock Based Compensation (Details) - Schedule of total compensation cost by plan [Line Items]
Unrecognized Compensation Cost		$ 37,273
Weighted Average Remaining Period of Recognition		2 years 8 months 4 days
Share-Based Payment Arrangement, Option [Member] \| Two Thousand Seventeen Plan [Member]
Stock Based Compensation (Details) - Schedule of total compensation cost by plan [Line Items]
Unrecognized Compensation Cost		$ 8,505
Time-Based Restricted Stock Unit [Member] \| Two Thousand Twenty One [Member]
Stock Based Compensation (Details) - Schedule of total compensation cost by plan [Line Items]
Unrecognized Compensation Cost		$ 7,211
Weighted Average Remaining Period of Recognition		2 years 1 month 20 days
Time-Based Restricted Stock Unit [Member] \| Two Thousand Seventeen Plan [Member]
Stock Based Compensation (Details) - Schedule of total compensation cost by plan [Line Items]
Unrecognized Compensation Cost		$ 1,711
Restricted Stock Units, Market and Service Conditions [Member] \| Two Thousand Twenty One [Member]
Stock Based Compensation (Details) - Schedule of total compensation cost by plan [Line Items]
Unrecognized Compensation Cost		$ 1,498
Weighted Average Remaining Period of Recognition		2 years 5 months 12 days
Restricted Stock Units, Market and Service Conditions [Member] \| Two Thousand Seventeen Plan [Member]
Stock Based Compensation (Details) - Schedule of total compensation cost by plan [Line Items]
Unrecognized Compensation Cost		$ 208
Earnout Restricted Stock Unit [Member] \| Two Thousand Twenty One [Member]
Stock Based Compensation (Details) - Schedule of total compensation cost by plan [Line Items]
Unrecognized Compensation Cost		$ 939
Weighted Average Remaining Period of Recognition		4 years 5 months 12 days
Earnout Restricted Stock Unit [Member] \| Two Thousand Seventeen Plan [Member]
Stock Based Compensation (Details) - Schedule of total compensation cost by plan [Line Items]
Unrecognized Compensation Cost		$ 116
Performance Shares [Member] \| Two Thousand Seventeen Plan [Member]
Stock Based Compensation (Details) - Schedule of total compensation cost by plan [Line Items]
Unrecognized Compensation Cost		24,516
Stock-based compensation expense	$ 24,516
Time-Based Options [Member] \| Two Thousand Seventeen Plan [Member]
Stock Based Compensation (Details) - Schedule of total compensation cost by plan [Line Items]
Unrecognized Compensation Cost		952
Share-Based Bonus [Member] \| Two Thousand Seventeen Plan [Member]
Stock Based Compensation (Details) - Schedule of total compensation cost by plan [Line Items]
Unrecognized Compensation Cost		14,228
Selling, General and Administrative Expenses [Member] \| Two Thousand Seventeen Plan [Member]
Stock Based Compensation (Details) - Schedule of total compensation cost by plan [Line Items]
Stock-based compensation expense		50,079,000
Selling, General and Administrative Expenses [Member] \| Share-Based Payment Arrangement, Option [Member] \| Two Thousand Seventeen Plan [Member]
Stock Based Compensation (Details) - Schedule of total compensation cost by plan [Line Items]
Stock-based compensation expense		8,505,000
Selling, General and Administrative Expenses [Member] \| Time-Based Restricted Stock Unit [Member] \| Two Thousand Seventeen Plan [Member]
Stock Based Compensation (Details) - Schedule of total compensation cost by plan [Line Items]
Stock-based compensation expense		1,652,000
Selling, General and Administrative Expenses [Member] \| Restricted Stock Units, Market and Service Conditions [Member] \| Two Thousand Seventeen Plan [Member]
Stock Based Compensation (Details) - Schedule of total compensation cost by plan [Line Items]
Stock-based compensation expense		194,000
Selling, General and Administrative Expenses [Member] \| Earnout Restricted Stock Unit [Member] \| Two Thousand Seventeen Plan [Member]
Stock Based Compensation (Details) - Schedule of total compensation cost by plan [Line Items]
Stock-based compensation expense		116,000
Selling, General and Administrative Expenses [Member] \| Performance Shares [Member] \| Two Thousand Seventeen Plan [Member]
Stock Based Compensation (Details) - Schedule of total compensation cost by plan [Line Items]
Stock-based compensation expense		24,468,000
Selling, General and Administrative Expenses [Member] \| Time-Based Options [Member] \| Two Thousand Seventeen Plan [Member]
Stock Based Compensation (Details) - Schedule of total compensation cost by plan [Line Items]
Stock-based compensation expense		916,000
Selling, General and Administrative Expenses [Member] \| Share-Based Bonus [Member] \| Two Thousand Seventeen Plan [Member]
Stock Based Compensation (Details) - Schedule of total compensation cost by plan [Line Items]
Stock-based compensation expense		14,228,000
Cost of Sales [Member] \| Two Thousand Seventeen Plan [Member]
Stock Based Compensation (Details) - Schedule of total compensation cost by plan [Line Items]
Unrecognized Compensation Cost		157
Cost of Sales [Member] \| Time-Based Restricted Stock Unit [Member] \| Two Thousand Seventeen Plan [Member]
Stock Based Compensation (Details) - Schedule of total compensation cost by plan [Line Items]
Unrecognized Compensation Cost		59
Cost of Sales [Member] \| Restricted Stock Units, Market and Service Conditions [Member] \| Two Thousand Seventeen Plan [Member]
Stock Based Compensation (Details) - Schedule of total compensation cost by plan [Line Items]
Unrecognized Compensation Cost		14
Cost of Sales [Member] \| Performance Shares [Member] \| Two Thousand Seventeen Plan [Member]
Stock Based Compensation (Details) - Schedule of total compensation cost by plan [Line Items]
Unrecognized Compensation Cost		48
Cost of Sales [Member] \| Time-Based Options [Member] \| Two Thousand Seventeen Plan [Member]
Stock Based Compensation (Details) - Schedule of total compensation cost by plan [Line Items]
Unrecognized Compensation Cost		$ 36

Net Loss Per Share (Details) -

Net Loss Per Share (Details) - Schedule of basic and diluted net loss per common share - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jul. 03, 2022	Jun. 27, 2021
Numerator
Net loss allocated to common stockholders	$ (40,167)	$ (134,476)
Denominator
Weighted-average shares outstanding	155,837,154	146,848,329
Net loss per share, basic	$ (0.26)	$ (0.92)
Class A
Numerator
Net loss allocated to common stockholders	$ (32,198)	$ (134,476)
Denominator
Weighted-average shares outstanding	124,920,063	146,848,329
Net loss per share, basic	$ (0.26)	$ (0.92)
Class B
Numerator
Net loss allocated to common stockholders	$ (7,969)
Denominator
Weighted-average shares outstanding	30,917,091
Net loss per share, basic	$ (0.26)

Net Loss Per Share (Details) _2

Net Loss Per Share (Details) - Schedule of basic and diluted net loss per common share (Parentheticals) - $ / shares	12 Months Ended
	Jul. 03, 2022	Jun. 27, 2021
Net Loss Per Share (Details) - Schedule of basic and diluted net loss per common share (Parentheticals) [Line Items]
Net loss per share,diluted	$ (0.26)	$ (0.92)
Class A
Net Loss Per Share (Details) - Schedule of basic and diluted net loss per common share (Parentheticals) [Line Items]
Net loss per share,diluted	(0.26)	(0.92)
Class B
Net Loss Per Share (Details) - Schedule of basic and diluted net loss per common share (Parentheticals) [Line Items]
Net loss per share,diluted	$ (0.26)	$ (0.92)