Stock-Based Compensation (Tables)

3 Months Ended

Sep. 26, 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 table 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 months ended September 26, 2015 and September 27, 2014, respectively:

	Three Months Ended
	September 26, 2015								September 27, 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	$	335	$	1,988	$	559	$	2,882	$	339	$	1,974	$	524	$	2,837
Research and development	870		5,874		1,297		8,041		2,147		8,832		1,343		12,322
Selling, general and administrative	818		4,626		596		6,040		1,429		5,224		608		7,261
Pre-tax stock-based compensation expense	$	2,023	$	12,488	$	2,452	$	16,963	$	3,915	$	16,030	$	2,475	$	22,420
Less: income tax effect							2,762								3,272
Net stock-based compensation expense							$	14,201							$	19,148

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
	September 26, 2015		September 27, 2014
Expected holding period (in years)	0.0		4.8
Risk-free interest rate	—	%	1.6	%
Expected stock price volatility	—	%	26.7	%
Dividend yield	—	%	3.1	%

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 September 26, 2015 and their activity for the three months ended September 26, 2015:

	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (1)
Balance at June 27, 2015	10,173,016		$	25.83
Options Granted	—		—
Options Exercised	(461,760	)	19.45
Options Cancelled	(443,268	)	32.27
Balance at September 26, 2015	9,267,988		$	25.84	3.1	$	80,254,163
Exercisable, September 26, 2015	4,870,038		$	24.43	1.8	$	50,175,498
Vested and expected to vest, September 26, 2015	9,002,883		$	25.76	3.0	$	78,063,026

(1) Aggregate intrinsic value represents the difference between the exercise price and the closing price per share of the Company’s common stock on September 25, 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 September 26, 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 and other awards as of September 26, 2015 and their activity during the three months ended September 26, 2015:

	Number of Shares		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (1)
Balance at June 27, 2015	7,129,985
Restricted stock units and other awards granted	2,181,292
Restricted stock units and other awards released	(521,466	)
Restricted stock units and other awards cancelled	(407,770	)
Balance at September 26, 2015	8,382,041		3.0	$	289,025,043
Outstanding and expected to vest, September 26, 2015	7,071,164		2.9	$	240,914,550

(1) Aggregate intrinsic value for RSUs and other awards represents the closing price per share of the Company’s common stock on September 25, 2015, the last business day preceding the fiscal quarter-end, multiplied by the number of RSUs outstanding or expected to vest as of September 26, 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 September 26, 2015 and their activity during the three months ended September 26, 2015:

	Number of Shares		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (1)
Balance at June 27, 2015	414,840
Market stock units granted	361,684
Market stock units released	—
Market stock units cancelled	(68,916	)
Balance at September 26, 2015	707,608		3.6	$	24,108,205
Outstanding and expected to vest, September 26, 2015	567,625		3.6	$	19,388,984

(1) Aggregate intrinsic value for MSUs represents the closing price per share of the Company’s common stock on September 25, 2015, the last business day preceding the fiscal quarter-end, multiplied by the number of MSUs outstanding or expected to vest as of September 26, 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
	September 26, 2015		September 27, 2014
Expected holding period (in years)	0.5		0.5
Risk-free interest rate	0.1	%	0.1	%
Expected stock price volatility	21.8	%	20.7	%
Dividend yield	3.3	%	3.4	%