Stock-Based Compensation (Tables)

6 Months Ended

Dec. 25, 2011

Stock-Based Compensation [Abstract]

Stock Option Activity

The following table summarizes the stock option activities for the six months ended December 25, 2011 (in thousands, except per share price data):

	Stock Option Shares			Weighted Average Option Exercise Price per Share		Weighted Average Grant Date Fair Value per Share		Aggregate Intrinsic Value
Outstanding, June 26, 2011		2,992		$	21.30		—	$	22,154
Granted		19		$	21.38	$	7.49		—
Exercised		(110	)	$	16.00		—	$	629
Expired or forfeited		(505	)	$	34.64		—		—
Outstanding, December 25, 2011		2,396		$	18.74		—	$	8,143

Restricted Stock Unit Activity

The following table summarizes the RSU activity for the six months ended December 25, 2011 (in thousands, except per share price data):

	Restricted Stock Units			Weighted Average Grant Date Fair Value per Share		Aggregate Intrinsic Value
Outstanding, June 26, 2011		2,051		$	21.22	$	53,501
Granted		84		$	22.00		—
Vested		(228	)	$	18.71	$	6,010
Forfeited		(51	)	$	26.84		—
Outstanding, December 25, 2011		1,856		$	21.58	$	37,206

Additional Information Relating to Stock Options and RSU's

Additional information relating to the Company’s stock based compensation plans, including employee stock options and RSUs (including RSUs with performance-based and market-based vesting criteria) at December 25, 2011 and June 26, 2011 is as follows (in thousands):

	As of
	December  25, 2011		June 26, 2011
Outstanding options exercisable		1,566		1,905
Options and RSUs available for grant		10,745		510
Total reserved common stock shares for stock option plans		14,997		5,553

Stock-Based Compensation Expense

For the three months and six months ended December 25, 2011 and December 26, 2010, stock-based compensation expense associated with the Company’s stock options and RSUs (including RSUs with performance-based vesting criteria) was as follows (in thousands):

	Three Months Ended				Six Months Ended
	December 25, 2011		December 26, 2010		December 25, 2011		December 26, 2010
Selling, general and administrative expense	$	2,276	$	2,075	$	4,931	$	4,997
Research and development expense		1,172		879		1,899		1,529
Cost of sales		814		706		1,139		1,499
Total stock-based compensation expense	$	4,262	$	3,660	$	7,969	$	8,025

Stock Options Valuation Assumptions

The fair value of the Company stock options issued during the six months ended December 25, 2011 and December 26, 2010, was determined at the grant date using the Black-Scholes option pricing model with the following weighted average assumptions:

	December  25, 2011			December 26, 2010
Expected life	3.5 years			3.5 years
Risk free interest rate		0.37	%		0.7	%
Volatility		48.0	%		40.5	%
Dividend yield		0.0	%		0.0	%