EQUITY-BASED COMPENSATION PLANS (Tables)

9 Months Ended

Mar. 27, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Recognized Equity Based Compensation Expense and Related Income Tax Benefit

The Company recognized the following equity-based compensation expense and related income tax benefit in the Condensed Consolidated Statements of Operations:

	Three Months Ended				Nine Months Ended
	March 27, 2016		March 29, 2015		March 27, 2016		March 29, 2015
	(in thousands)
Equity-based compensation expense	$	34,716	$	32,948	$	103,060	$	95,620
Income tax benefit related to equity-based compensation expense	$	9,840	$	5,705	$	28,589	$	16,545

Summary of Stock Plan Activity

A summary of stock plan transactions is as follows:

	Options Outstanding				Restricted Stock Units Outstanding
	Number of Shares		Weighted- Average Exercise Price		Number of Shares		Weighted- Average Fair Market Value at Grant
June 28, 2015	835,832		$	37.44	4,954,088		$	60.13
Granted	196,167		$	75.57	2,177,772		$	71.79
Exercised	(83,027	)	$	22.34	N/A		N/A
Canceled	—		$	—	(77,365	)	$	67.43
Vested restricted stock	N/A		N/A		(2,005,555	)	$	49.17
March 27, 2016	948,972		$	46.65	5,048,940		$	68.98

Schedule of ESPP Weighted-Average Assumptions

Purchase rights under the 1999 ESPP were valued using the Black-Scholes option valuation model and the following weighted-average assumptions for the three and nine months ended March 27, 2016 and March 29, 2015:

	Three Months Ended				Nine Months Ended
	March 27, 2016		March 29, 2015		March 27, 2016		March 29, 2015
Expected term (years)	0.68		0.51		0.68		0.68
Expected stock price volatility	35.61	%	30.47	%	31.85	%	27.62	%
Risk-free interest rate	0.29	%	0.11	%	0.19	%	0.07	%
Dividend Yield	1.18	%	0.51	%	0.95	%	1.15	%