XML 98 R78.htm IDEA: XBRL DOCUMENT v3.7.0.1
Immaterial Correction of Prior Period Financial Statements (Revisions to Consolidated Statements of Comprehensive Income) (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Jun. 28, 2017
Mar. 29, 2017
Dec. 28, 2016
Sep. 28, 2016
Jun. 29, 2016
Mar. 23, 2016
Dec. 23, 2015
Sep. 23, 2015
Jun. 28, 2017
Jun. 29, 2016
Jun. 24, 2015
Jun. 25, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]                        
Income before provision for income taxes $ 67,662 $ 59,612 $ 48,268 $ 32,966 $ 91,212 $ 78,150 $ 68,272 $ 48,753 $ 208,508 $ 286,387 $ 284,277  
Provision for income taxes                 57,685 85,767 89,618  
Net income $ 50,584 $ 42,369 $ 34,637 $ 23,233 $ 62,217 $ 57,502 $ 47,694 $ 33,207 $ 150,823 $ 200,620 [1] $ 194,659 [1]  
Basic net income per share (in dollars per share) $ 1.03 $ 0.87 $ 0.70 $ 0.42 $ 1.12 $ 1.01 $ 0.81 $ 0.55 $ 2.98 $ 3.47 $ 3.09  
Diluted net income per share (in dollars per share) $ 1.02 $ 0.86 $ 0.69 $ 0.42 $ 1.10 $ 1.00 $ 0.80 $ 0.54 $ 2.94 $ 3.42 $ 3.02  
Basic weighted average shares outstanding (in shares) 48,917 48,954 49,833 54,844 55,657 56,673 59,198 60,225 50,638 57,895 63,072  
Diluted weighted average shares outstanding (in shares) 49,435 49,506 50,480 55,576 56,394 57,407 59,899 61,208 51,250 58,684 64,404  
Foreign currency translation adjustment                 $ (327) $ (2,964) $ (7,690)  
Other comprehensive loss                 (327) (2,964) (7,690)  
Comprehensive Income (Loss), Net of Tax, Attributable to Parent                 150,496 197,656 186,969  
Accounts receivable, net $ 44,658       $ 45,612       44,658 45,612    
Assets, Current 154,392       178,442       154,392 178,442    
Deferred income taxes, net 37,029       14,325       37,029 14,325    
Total Other Assets 258,694       236,856       258,694 236,856    
Assets 1,413,700       1,458,450       1,413,700 1,458,450    
Income taxes payable 14,203       22,022       14,203 22,022    
Liabilities, Current 446,428       435,651       446,428 435,651    
Other liabilities 141,124       137,682       141,124 137,682    
Stockholders' Equity Attributable to Parent (493,681)       (225,576)       (493,681) (225,576) (90,812) $ 63,094
Liabilities and Equity 1,413,700       1,458,450       1,413,700 1,458,450    
Impact of Restatement on Opening Retained Earnings, Net of Tax [1]                       (10,317)
Scenario, Previously Reported [Member]                        
Error Corrections and Prior Period Adjustments Restatement [Line Items]                        
Income before provision for income taxes                   286,387 284,277  
Provision for income taxes                   85,642 87,583  
Net income                   $ 200,745 $ 196,694  
Basic net income per share (in dollars per share)                   $ 3.47 $ 3.12  
Diluted net income per share (in dollars per share)                   $ 3.42 $ 3.05  
Basic weighted average shares outstanding (in shares)                   57,895 63,072  
Diluted weighted average shares outstanding (in shares)                   58,684 64,404  
Foreign currency translation adjustment                   $ (2,964) $ (7,690)  
Other comprehensive loss                   (2,964) (7,690)  
Comprehensive Income (Loss), Net of Tax, Attributable to Parent                   197,781 189,004  
Accounts receivable, net         43,944         43,944    
Assets, Current         176,774         176,774    
Deferred income taxes, net         27,003         27,003    
Total Other Assets [2]         249,534         249,534    
Assets [2]         1,469,460         1,469,460    
Income taxes payable         18,814         18,814    
Liabilities, Current         432,443         432,443    
Other liabilities         139,423         139,423    
Stockholders' Equity Attributable to Parent         (213,099)         (213,099)    
Liabilities and Equity         1,469,460         1,469,460    
Accounting Standards Update 2015-03 [Member] | 2.60% notes [Member]                        
Error Corrections and Prior Period Adjustments Restatement [Line Items]                        
Debt Issuance Costs, Net         1,000         1,000    
Accounting Standards Update 2015-03 [Member] | 3.88% notes [Member]                        
Error Corrections and Prior Period Adjustments Restatement [Line Items]                        
Debt Issuance Costs, Net         2,200         2,200    
Retained Earnings                        
Error Corrections and Prior Period Adjustments Restatement [Line Items]                        
Net income                 150,823 200,620 [1] 194,659 [1]  
Other comprehensive loss                 0 0 0  
Stockholders' Equity Attributable to Parent 2,627,073       $ 2,545,716       2,627,073 $ 2,545,716 2,419,331 2,306,532
Impact of Restatement on Opening Retained Earnings, Net of Tax $ (12,500)               $ (12,500)   $ (10,317) $ (10,317) [1]
[1] We discovered immaterial errors in prior years relating to the accuracy of certain tax accounts. While we concluded that the impact of these errors on our previously-issued consolidated financial statements was not material, we revised our previously-reported consolidated financial statements for the fiscal years ended June 29, 2016 and June 24, 2015. The revisions to the consolidated statements of shareholder's (deficit) equity include a $10.3 million decrease to retained earnings at the beginning of fiscal 2015 and decreases to net income of $2.1 million and $0.1 million for fiscal 2015 and fiscal 2016, respectively, for a total reduction of $12.5 million. For additional information, see Note 16—Immaterial Correction of Prior Period Financial Statements.
[2] During the first quarter of fiscal 2017, we adopted ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, on a retrospective basis. Accordingly, we reclassified the debt issuance cost balances associated with the 2.60% notes and 3.88% notes of $1.0 million and $2.2 million, respectively, from other assets to long-term debt, less current installments on the consolidated balance sheet as of June 29, 2016.