Stock-Based Compensation (Tables)

9 Months Ended

Mar. 28, 2015

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 show total stock-based compensation expense by type of award, and the resulting tax effect, included in the Condensed Consolidated Statements of Income for the three and nine months ended March 28, 2015 and March 29, 2014, respectively:

	Three Months Ended
	March 28, 2015								March 29, 2014
	Stock Options		Restricted Stock Units		Employee Stock Purchase Plan		Total		Stock Options		Restricted Stock Units		Employee Stock Purchase Plan		Total
	(in thousands)
Cost of goods sold	$	351	$	2,136	$	588	$	3,075	$	451	$	2,108	$	594	$	3,153
Research and development	637		7,208		1,620		9,465		2,124		7,917		1,623		11,664
Selling, general and administrative	764		4,628		655		6,047		1,391		5,186		663		7,240
Pre-tax stock-based compensation expense	$	1,752	$	13,972	$	2,863	$	18,587	$	3,966	$	15,211	$	2,880	$	22,057
Less: income tax effect							3,249								3,400
Net stock-based compensation expense							$	15,338							$	18,657

	Nine Months Ended
	March 28, 2015								March 29, 2014
	Stock Options		Restricted Stock Units		Employee Stock Purchase Plan		Total		Stock Options		Restricted Stock Units		Employee Stock Purchase Plan		Total
	(in thousands)
Cost of goods sold	$	1,051	$	6,186	$	1,662	$	8,899	$	1,238	$	6,421	$	1,602	$	9,261
Research and development	4,372		24,455		4,182		33,009		6,576		23,085		4,098		33,759
Selling, general and administrative	3,223		14,889		1,762		19,874		4,131		14,709		1,806		20,646
Pre-tax stock-based compensation expense	$	8,646	$	45,530	$	7,606	$	61,782	$	11,945	$	44,215	$	7,506	$	63,666
Less: income tax effect							9,886								9,878
Net stock-based compensation expense							$	51,896							$	53,788

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The fair value of options granted to employees has been estimated using the following weighted-average assumptions:

	Stock Options
	Three Months Ended				Nine Months Ended
	March 28, 2015		March 29, 2014		March 28, 2015		March 29, 2014(1)
Expected holding period (in years)	0.0		4.9		4.8		5.3
Risk-free interest rate	—	%	1.6	%	1.6	%	1.4	%
Expected stock price volatility	—	%	30.2	%	26.7	%	34.8	%
Dividend yield	—	%	3.6	%	3.2	%	3.2	%

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 outstanding, exercisable and vested and expected to vest stock options as of March 28, 2015 and their activity for the nine months ended March 28, 2015:

	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (1)
Balance at June 28, 2014	16,163,644		$	25.74
Options Granted	63,584		32.22
Options Exercised	(2,564,011	)	18.02
Options Cancelled	(2,220,729	)	34.68
Balance at March 28, 2015	11,442,488		$	25.77	3.4	$	117,534,290
Exercisable, March 28, 2015	5,235,910		$	24.69	1.9	$	60,468,413
Vested and expected to vest, March 28, 2015	10,964,687		$	25.68	3.3	$	113,134,387

(1) Aggregate intrinsic value represents the difference between the exercise price and the closing price per share of the Company’s common stock on March 27, 2015, the last business day preceding the fiscal quarter-end, multiplied by the number of options outstanding, exercisable or vested and expected to vest as of March 28, 2015.

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 March 28, 2015 and their activity during the nine months ended March 28, 2015:

	Number of Shares		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (1)
Balance at June 28, 2014	7,880,997
Restricted stock units granted	2,689,208
Restricted stock units released	(1,985,828	)
Restricted stock units cancelled	(942,335	)
Balance at March 28, 2015	7,642,042		2.7	$	274,753,186
Outstanding and expected to vest, March 28, 2015	6,582,787		2.7	$	235,565,020

(1) Aggregate intrinsic value for RSUs represents the closing price per share of the Company’s common stock on March 27, 2015, the last business day preceding the fiscal quarter-end, multiplied by the number of RSUs outstanding or expected to vest as of March 28, 2015.

Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Performance-Based Units, Vested and Expected to Vest [Table Text Block]

The following table summarizes the number of MSUs outstanding and expected to vest as of March 28, 2015 and their activity during the nine months ended March 28, 2015:

	Number of Shares			Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (1)
Balance at June 28, 2014	120,000		(2)
Market stock units granted	423,044
Market stock units released	(42,476	)
Market stock units cancelled	(44,168	)
Balance at March 28, 2015	456,400			3.3	$	16,332,274
Outstanding and expected to vest, March 28, 2015	456,400			3.3	$	16,332,274

(1) Aggregate intrinsic value for MSUs represents the closing price per share of the Company’s common stock on March 27, 2015, the last business day preceding the fiscal quarter-end, multiplied by the number of MSUs outstanding or expected to vest as of March 28, 2015.

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]

The fair value of ESPP granted to employees has been estimated at the date of grant using the Black-Scholes option valuation model and the following weighted-average assumptions:

	ESPP
	Three Months Ended				Nine Months Ended
	March 28, 2015		March 29, 2014		March 28, 2015		March 29, 2014
Expected holding period (in years)	0.5		0.5		0.5		0.5
Risk-free interest rate	0.1	%	0.1	%	0.1	%	0.1	%
Expected stock price volatility	26.4	%	21.7	%	26.4	%	21.7	%
Dividend yield	3.5	%	3.7	%	3.5	%	3.7	%