NET INCOME PER SHARE (Tables)

9 Months Ended

Mar. 29, 2020

Earnings Per Share [Abstract]

Schedule of Numerators and Denominators of Basic and Diluted Computations for Net Income Per Share

The following table reconciles the numerators and denominators of the basic and diluted computations for net income per share. 

	Three Months Ended				Nine Months Ended
	March 29, 2020		March 31, 2019		March 29, 2020		March 31, 2019
	(in thousands, except per share data)
Numerator:
Net income	$	574,781	$	547,390	$	1,555,080	$	1,649,605
Denominator:
Basic average shares outstanding	145,301		151,201		144,654		153,891
Effect of potential dilutive securities:
Employee stock plans	1,453		1,413		1,390		1,461
Convertible notes	1,411		5,235		3,604		5,663
Warrants	—		—		—		668
Diluted average shares outstanding	148,165		157,849		149,648		161,683
Net income per share - basic	$	3.96	$	3.62	$	10.75	$	10.72
Net income per share - diluted	$	3.88	$	3.47	$	10.39	$	10.20

Schedule of Potentially Dilutive Securities Excluded from EPS Calculations

The following potentially dilutive securities were excluded:

	Three Months Ended		Nine Months Ended
	March 29, 2020	March 31, 2019	March 29, 2020	March 31, 2019
	(in thousands)
Options and RSUs	40	640	13	717