EQUITY-BASED COMPENSATION PLANS (Tables)

6 Months Ended

Dec. 24, 2017

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 (including expense related to the employee stock purchase plan) and related income tax benefit in the Condensed Consolidated Statements of Operations:

	Three Months Ended				Six Months Ended
	December 24, 2017		December 25, 2016		December 24, 2017		December 25, 2016
	(in thousands)
Equity-based compensation expense	$	42,124	$	32,255	$	83,907	$	70,850
Income tax benefit recognized related to equity-based compensation expense	$	18,089	$	8,815	$	31,477	$	19,721

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 six months ended December 24, 2017 and December 25, 2016:

	Three and Six Months Ended
	December 24, 2017		December 25, 2016
Expected stock price volatility	29.13	%	33.02	%
Risk-free interest rate	0.82	%	0.43	%
Expected term (years)	0.77		0.77
Dividend yield	0.89	%	1.14	%