EQUITY-BASED COMPENSATION PLANS (Tables)

3 Months Ended

Sep. 25, 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
	September 25, 2016		September 27, 2015
	(in thousands)
Equity-based compensation expense	$	38,595	$	35,774
Income tax benefit recognized related to equity-based compensation expense	$	10,905	$	6,097

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 26, 2016	907,411		$	47.41	4,335,104		$	69.30
Granted	—		$	—	34,458		$	87.59
Exercised	(54,364	)	$	32.29	N/A		N/A
Canceled	—		$	—	(50,640	)	$	67.67
Vested restricted stock	N/A		N/A		(61,540	)	$	65.09
September 25, 2016	853,047		$	48.37	4,257,382		$	69.51

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 months ended September 25, 2016 and September 27, 2015:

	Three Months Ended
	September 25, 2016		September 27, 2015
Expected term (years)	0.77		0.68
Expected stock price volatility	33.02	%	31.56	%
Risk-free interest rate	0.43	%	0.18	%
Dividend Yield	1.14	%	0.93	%