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Stock-Based Compensation and Employee Benefit Plans (Tables)
12 Months Ended
Jun. 29, 2014
Compensation and Retirement Disclosure [Abstract]  
Stock Option Activity
The following table summarizes the stock option activity for the fiscal years ended June 29, 2014, June 30, 2013, and June 24, 2012 (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
51

 
$
21.76

 
$
6.82

 
 
Exercised
(225
)
 
$
14.54

 
 
 
$
1,481

Expired or forfeited
(774
)
 
$
35.29

 
 
 
 
Outstanding, June 24, 2012
2,044

 
$
16.76

 
 
 
$
7,031

Granted
115

 
$
19.96

 
$
5.58

 
 
Exercised
(929
)
 
$
16.66

 
 
 
$
3,678

Expired or forfeited
(43
)
 
$
18.71

 
 
 
 
Outstanding, June 30, 2013
1,187

 
$
17.08

 
 
 
$
4,978

Granted
16

 
$
24.90

 
$
6.72

 
 
Exercised
(886
)
 
$
15.97

 
 
 
$
7,702

Expired or forfeited
(43
)
 
$
14.90

 
 
 
 
Outstanding, June 29, 2014
274

 
$
21.47

 
 
 
$
1,852

Summary of Stock Options By Exercise Price Range
The following table summarizes the stock options outstanding at June 29, 2014, and the related weighted average price and life information (in thousands, except year and price data):
 
 
June 29, 2014
 
 
Outstanding
 
Exercisable
Range of Exercise Price per Share
 
Number Outstanding
 
Weighted Average Remaining Life (Years)
 
Weighted Average Exercise Price
 
Aggregate Intrinsic Value
 
Number Exercisable
 
Weighted Average Remaining Life (Years)
 
Weighted Average Exercise Price
 
Aggregate Intrinsic Value
$15.82 to $19.19
 
92

 
0.62
 
$
18.66

 
 
 
88

 
0.47
 
$
18.72

 
 
$20.15 to $22.72
 
141

 
3.23
 
$
20.70

 
 
 
60

 
2.99
 
$
21.00

 
 
$24.39 to $32.07
 
17

 
3.99
 
$
25.80

 
 
 
3

 
1.50
 
$
28.93

 
 
$32.20 to $34.27
 
24

 
0.42
 
$
33.88

 
 
 
24

 
0.42
 
$
33.88

 
 
 
 
274

 
2.15
 
$
21.47

 
$
1,852

 
175

 
1.35
 
$
21.77

 
$
1,186

Restricted Stock Unit Activity
The following table summarizes the RSU activity for the fiscal years ended June 29, 2014, June 30, 2013, and June 24, 2012 (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
1,518

 
$
19.80

 
 
Vested
(560
)
 
$
22.49

 
$
12,821

Expired or forfeited
(104
)
 
$
23.84

 
 
Outstanding, June 24, 2012
2,905

 
$
21.72

 
$
57,932

Granted
1,928

 
$
20.77

 
 
Vested
(804
)
 
$
21.80

 
$
16,180

Expired or forfeited
(333
)
 
$
22.04

 
 
Outstanding, June 30, 2013
3,696

 
$
21.31

 
$
77,394

Granted
1,644

 
$
24.36

 
 
Vested
(1,065
)
 
$
21.44

 
$
28,644

Expired or forfeited
(450
)
 
$
15.22

 
 
Outstanding, June 29, 2014
3,825

 
$
19.26

 
$
105,791

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 June 29, 2014, June 30, 2013, and June 24, 2012, is as follows (in thousands):
 
June 29, 2014
 
June 30, 2013
 
June 24, 2012
Outstanding options exercisable
175

 
1,039

 
1,749

Options and RSUs available for grant
4,276

 
6,040

 
8,505

Total reserved common stock shares for equity awards
8,375

 
10,923

 
13,454

Stock-Based Compensation Expense
For the fiscal years ended June 29, 2014, June 30, 2013, and June 24, 2012, stock‑based compensation expense associated with the Company’s stock options and RSUs (including RSUs with performance and/or market-based vesting criteria) was as follows (in thousands):
 
Fiscal Year Ended
 
June 29, 2014
 
June 30, 2013
 
June 24, 2012
Cost of sales
$
5,242

 
$
4,393

 
$
2,766

Selling, general and administrative expense
13,144

 
11,166

 
9,199

Research and development expense
8,108

 
6,001

 
4,176

Total stock‑based compensation expense
$
26,494

 
$
21,560

 
$
16,141

Stock Options Valuation Assumptions
The fair value of the stock options associated with the above compensation expense for the fiscal years ended June 29, 2014, June 30, 2013, and June 24, 2012, respectively, was determined at the grant date using the Black‑Scholes option pricing model with the following weighted average assumptions:
 
2014
 
2013
 
2012
Expected life
3.5 years

 
3.5 years

 
3.5 years

Risk free interest rate
0.79
%
 
0.39
%
 
0.44
%
Volatility
35.41
%
 
37.56
%
 
42.25
%
Dividend yield
0.00
%
 
0.00
%
 
0.00
%
Market Based RSU Awards Valuation Assumptions
The fair value of the market-based RSUs associated with the above compensation expense for the fiscal years ended June 29, 2014, June 30, 2013, and June 24, 2012, respectively, was determined at the grant date using the Monte Carlo Simulation method with the following weighted average assumptions:
 
2014
 
2013
 
2012
Expected award life
3.5 years

 
2.7 years

 
3.0 years

Risk free interest rate
1.08
%
 
0.66
%
 
0.41
%
Volatility
34.70
%
 
36.62
%
 
36.61
%
Dividend yield
0.00
%
 
0.00
%
 
0.00
%
Long Term Liabilities and Related Assets Measured at Fair Value on a Recurring Basis [Table Text Block]
The following tables present the long-term liabilities and the related assets measured at fair value on a recurring basis as of June 29, 2014 and June 30, 2013 (in thousands):
 
June 29, 2014
 
Total
 
Level 1
 
Level 2
 
Level 3
Employee deferred compensation plan liability
$
9,844

 
$
9,844

 
$

 
$

Assets of employee deferred compensation plan (reported in other assets)
10,534

 
10,534

 

 

 
June 30, 2013
 
Total
 
Level 1
 
Level 2
 
Level 3
Employee deferred compensation plan liability
$
8,326

 
$
8,326

 
$

 
$

Assets of employee deferred compensation plan (reported in other assets)
9,472

 
9,472