XML 58 R31.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock-Based Compensation (Tables)
12 Months Ended
Jun. 30, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
The following tables present stock-based compensation expense by type of award and resulting tax effect included in the Consolidated Statements of Income for fiscal years 2012, 2011, and 2010:

 
For the Year Ended
 
June 30,
2012
 
June 25,
2011
 
June 26,
2010
 
(in thousands)
     Stock options
$
16,294

 
$
20,070

 
$
26,545

     Restricted stock units
64,579

 
65,689

 
59,715

     Employee stock purchase plan
8,994

 
8,538

 
7,265

Pre-tax stock-based compensation expense
89,867

 
94,297

 
93,525

Less: Income tax effect
20,215

 
25,457

 
25,041

Net stock-based compensation expense
$
69,652

 
$
68,840

 
$
68,484

The following table shows pre-tax stock-based compensation expense by income statement classification:

 
For the Year Ended
 
June 30,
2012
 
June 25,
2011
 
June 26,
2010
 
(in thousands)
Cost of goods sold
$
13,139

 
$
14,001

 
$
15,220

Research and development
49,068

 
53,686

 
54,065

Selling, general and administrative
27,660

 
26,610

 
24,240

 
$
89,867

 
$
94,297

 
$
93,525

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The fair value of each award granted in fiscal years 2012, 2011 and 2010 has been estimated at the date of grant using the Black-Scholes option valuation model and the following weighted-average assumptions:

 
Stock Option Plan For the Year Ended
 
June 30,
2012
 
June 25,
2011
 
June 26,
2010
Expected holding period (in years) 
5.1

 
5.2

 
5.2

Risk-free interest rate
1.2
%
 
1.7
%
 
2.3
%
Expected stock price volatility 
36.9
%
 
37.1
%
 
38.0
%
Dividend yield 
3.2
%
 
4.2
%
 
4.5
%
 
 
 
 
 
 
 
ESP Plan For the Year Ended
 
June 30, 2012
 
June 25, 2011
 
June 26, 2010
Expected holding period (in years) 
0.5

 
0.5

 
0.7

Risk-free interest rate
0.1
%
 
0.1
%
 
0.3
%
Expected stock price volatility 
25.0
%
 
24.7
%
 
35.0
%
Dividend yield 
3.2
%
 
3.3
%
 
4.4
%
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding [Table Text Block]
The following table summarizes stock options outstanding, exercisable and vested and expected to vest as of June 30, 2012:

 
Options
 
Weighted Average
Remaining
Contractual Term
(In Years) 
 
Aggregate
Intrinsic
Value (1) 
 
Number of Shares
 
Weighted Average
Exercise Price 
 
Balance at June 27, 2009
29,599,916

 
$28.83
 
 

 
 

     Options Granted
3,671,459

 
18.08
 
 

 
 

     Options Exercised
(47,327
)
 
12.86
 
 

 
 

     Options Cancelled
(4,061,541
)
 
32.38
 
 

 
 

 
 
 
 
 
 

 
 

Balance at June 26, 2010
29,162,507

 
27.05
 
 

 
 

     Options Granted
3,559,132

 
17.61
 
 

 
 

     Options Exercised
(1,460,652
)
 
17.22
 
 

 
 

     Options Cancelled
(2,928,501
)
 
33.67
 
 

 
 

 
 
 
 
 
 
 
 
Balance at June 25, 2011
28,332,486

 
25.62
 
 
 
 
 
 
 
 
 
 
 
 
     Options Granted
3,353,017

 
23.14
 
 
 
 
     Options Exercised
(2,843,444
)
 
16.55
 
 
 
 
     Options Cancelled
(4,607,065
)
 
31.62
 
 
 
 
 
 
 
 
 
 
 
 
Balance at June 30, 2012
24,234,994

 
25.20
 
3.5

 
$
108,906,939

 
 
 
 
 
 
 
 
Exercisable at June 30, 2012
13,945,087

 
$30.02
 
2.3

 
$
40,690,170

 
 
 
 
 
 
 
 
Vested and expected to vest, June 30, 2012
23,169,056

 
$25.43
 
3.4

 
$
103,363,007

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
The following table summarizes information about stock options that were outstanding and exercisable at June 30, 2012:

 
 
Outstanding Options
 
Options Exercisable
Range of Exercise Prices
 
Number
Outstanding at
June 30, 2012 
 
Weighted Average
Remaining
Contractual Term
(In years) 
 
Weighted
Average
Exercise
Price 
 
Number
Exercisable at
June 30, 2012 
 
Weighted
Average
Exercise
Price 
$12.00 - $18.04
 
7,181,461

 
4.13

 
$14.29
 
2,875,727

 
$13.01
$18.11 - $27.22
 
7,100,505

 
4.67

 
$20.88
 
1,423,354

 
$21.13
$27.24 - $40.96
 
8,445,771

 
2.12

 
$34.69
 
8,138,749

 
$34.92
$41.92 - $51.00
 
1,507,257

 
2.00

 
$44.37
 
1,507,257

 
$44.37
 
 
24,234,994

 
 
 
 
 
13,945,087

 
 
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested and Expected to Vest [Table Text Block]
The following table summarizes outstanding and expected to vest RSUs as of June 30, 2012 and their activity during fiscal years 2012, 2011 and 2010:

 
Number of
Shares 
 
Weighted Average Remaining Contractual Term (In Years)
 
Aggregate
Intrinsic
Value (1) 
Balance at June 27, 2009
11,867,329

 
 

 
 

     Restricted stock units granted
4,259,756

 
 

 
 

     Restricted stock units released
(4,813,738
)
 
 

 
 

     Restricted stock units cancelled
(737,930
)
 
 

 
 

 
 
 
 
 
 
Balance at June 26, 2010
10,575,417

 
 
 
 
     Restricted stock units granted
4,171,372

 
 
 
 
     Restricted stock units released
(3,922,768
)
 
 
 
 
     Restricted stock units cancelled
(823,283
)
 
 
 
 
 
 
 
 
 
 
Balance at June 25, 2011
10,000,738

 
 
 
 
 
 
 
 
 
 
     Restricted stock units granted
3,645,864

 
 
 
 
     Restricted stock units released
(3,433,989
)
 
 
 
 
     Restricted stock units cancelled
(1,289,159
)
 
 
 
 
 
 
 
 
 
 
Balance at June 30, 2012
8,923,454

 
2.5

 
$
223,759,831

 
 
 
 
 
 
Expected to vest at June 30, 2012
7,854,496

 
2.5

 
$
197,619,128