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SHAREHOLDERS' DEFICIT
 3 Months Ended
Sep. 26, 2018
Stockholders' Equity Note [Abstract]  
Shareholders Deficit Changes in Shareholders’ Deficit
The changes in Total shareholders’ deficit during the thirteen week periods ended September 26, 2018 and September 27, 2017, respectively, were as follows:
 
 
Common Stock
 
Additional
Paid-In
Capital
 
Retained
Earnings
 
Treasury
Stock
 
Accumulated
Other
Comprehensive
Income (Loss)
 
Total
 
 
Balance at June 27, 2018
$
17.6

 
$
511.6

 
$
2,683.0

 
$
(3,924.7
)
 
$
(5.8
)
 
$
(718.3
)
 
Cumulative effect of adoption of ASC 606
—

 
—

 
(7.4
)
 
—

 
—

 
(7.4
)
 
Net income
—

 
—

 
26.4

 
—

 
—

 
26.4

 
Other comprehensive income
—

 
—

 
—

 
—

 
0.3

 
0.3

 
Dividends ($0.38 per share)
—

 
—

 
(15.5
)
 
—

 
—

 
(15.5
)
 
Stock-based compensation
—

 
3.6

 
—

 
—

 
—

 
3.6

 
Purchases of treasury stock
—

 
(7.5
)
 
—

 
(98.0
)
 
—

 
(105.5
)
 
Issuances of common stock
—

 
(3.8
)
 
—

 
4.3

 
—

 
0.5

 
Balance at September 26, 2018
$
17.6

 
$
503.9

 
$
2,686.5

 
$
(4,018.4
)
 
$
(5.5
)
 
$
(815.9
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balances at June 28, 2017
$
17.6

 
$
502.1

 
$
2,627.1

 
$
(3,628.5
)
 
$
(11.9
)
 
$
(493.6
)
 
Net income
—

 
—

 
9.9

 
—

 
—

 
9.9

 
Other comprehensive income
—

 
—

 
—

 
—

 
1.5

 
1.5

 
Dividends ($0.38 per share)
—

 
—

 
(18.8
)
 
—

 
—

 
(18.8
)
 
Stock-based compensation
—

 
3.5

 
—

 
—

 
—

 
3.5

 
Purchases of treasury stock
—

 
(0.1
)
 
—

 
(41.6
)
 
—

 
(41.7
)
 
Issuances of common stock
—

 
(2.4
)
 
—

 
2.6

 
—

 
0.2

 
Balance at September 27, 2017
$
17.6

 
$
503.1

 
$
2,618.2

 
$
(3,667.5
)
 
$
(10.4
)
 
$
(539.0
)

Share Repurchases
In August 2018, our Board of Directors authorized a $300.0 million increase to our existing share repurchase program resulting in total authorizations of $4.9 billion. During the thirteen week period ended September 26, 2018, we repurchased approximately 2.1 million shares of our common stock for $105.5 million. During the thirteen week period ended September 27, 2017, we repurchased approximately 1.3 million shares of our common stock for $41.7 million.
The repurchased shares included shares purchased as part of our share repurchase program and shares repurchased to satisfy team member tax withholding obligations on the vesting of restricted shares. As of September 26, 2018, approximately $259.8 million was available under our share repurchase authorizations. Our share repurchase plan has been and will be used to return capital to shareholders and to minimize the dilutive impact of stock options and other share-based awards. We evaluate potential share repurchases under our plan based on several factors, including our cash position, share price, operational liquidity, proceeds from divestitures, borrowings, and planned investment and financing needs. Shares that have been paid for but not yet delivered are reflected as a reduction of Additional paid in capital while other repurchased shares are reflected as an increase in Treasury stock within Shareholders’ deficit in the Consolidated Balance Sheets.
Stock-based Compensation
During the thirteen week period ended September 26, 2018, we granted approximately 0.3 million stock options with a weighted average exercise price per share of $43.35 and a weighted average fair value per share of $8.03, and approximately 0.3 million restricted share awards with a weighted average fair value per share of $43.35.
Dividends
During the thirteen week period ended September 26, 2018, we paid dividends of $16.2 million to common stock shareholders, compared to $17.0 million in the thirteen week period ended September 27, 2017. We also declared a quarterly dividend on August 13, 2018, that was paid subsequent to the first quarter of fiscal 2019, on September 27, 2018, in the amount of $0.38 per share. As of September 26, 2018, we have accrued $15.3 million for this dividend in Other accrued liabilities on our Consolidated Balance Sheets, see Note 9 - Accrued and Other Liabilities.
Cumulative Effect of Adoption of ASC 606
In the first quarter of fiscal 2019, we adopted ASC 606 and recorded a $7.4 million cumulative effect adjustment decrease to Retained earnings for the change in accounting principle. Please refer to Note 2 - Revenue Recognition for more details.