Stock-Based Compensation (Tables)

6 Months Ended

Dec. 24, 2016

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 six months ended December 24, 2016 and December 26, 2015, respectively:

	Three Months Ended
	December 24, 2016								December 26, 2015
	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	$	155	$	1,756	$	512	$	2,423	$	279	$	1,970	$	621	$	2,870
Research and development	620		7,995		1,068		9,683		843		7,210		1,085		9,138
Selling, general and administrative	177		5,261		529		5,967		802		5,138		471		6,411
Pre-tax stock-based compensation expense	$	952	$	15,012	$	2,109	$	18,073	$	1,924	$	14,318	$	2,177	$	18,419
Less: income tax effect							2,825								3,295
Net stock-based compensation expense							$	15,248							$	15,124

	Six Months Ended
	December 24, 2016								December 26, 2015
	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	$	3,339	$	996	$	4,670	$	614	$	3,958	$	1,180	$	5,752
Research and development	843		14,692		2,285		17,820		1,713		13,084		2,382		17,179
Selling, general and administrative	819		10,737		1,147		12,703		1,620		9,764		1,067		12,451
Pre-tax stock-based compensation expense	$	1,997	$	28,768	$	4,428	$	35,193	$	3,947	$	26,806	$	4,629	$	35,382
Less: income tax effect							5,892								6,057
Net stock-based compensation expense							$	29,301							$	29,325

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 December 24, 2016 and their activity for the six months ended December 24, 2016:

	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (1)
Balance at June 25, 2016	5,935,079		$	25.11
Options Granted	—		—
Options Exercised	(1,197,562	)	22.59
Options Cancelled	(299,582	)	27.18
Balance at December 24, 2016	4,437,935		$	25.65	2.7	$	60,309,380
Exercisable, December 24, 2016	2,851,263		$	24.15	2.2	$	43,003,246
Vested and expected to vest, December 24, 2016	4,373,670		$	25.61	2.7	$	59,566,002

(1) Aggregate intrinsic value represents the difference between the exercise price and the closing price per share of the Company’s common stock on December 23, 2016, 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 December 24, 2016.

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 the outstanding and expected to vest RSUs and other awards as of December 24, 2016 and their activity during the six months ended December 24, 2016:

	Number of Shares		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (1)
Balance at June 25, 2016	6,620,813
Restricted stock units and other awards granted	1,839,353
Restricted stock units and other awards released	(822,302	)
Restricted stock units and other awards cancelled	(559,966	)
Balance at December 24, 2016	7,077,898		2.9	$	278,074,597
Outstanding and expected to vest, December 24, 2016	5,860,743		2.8	$	229,916,941

(1) Aggregate intrinsic value for RSUs and other awards represents the closing price per share of the Company’s common stock on December 23, 2016, the last business day preceding the fiscal quarter-end, multiplied by the number of RSUs outstanding or expected to vest as of December 24, 2016.

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 December 24, 2016 and their activity during the six months ended December 24, 2016:

	Number of Shares		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (1)
Balance at June 25, 2016	673,532
Market stock units granted	308,432
Market stock units released	—
Market stock units cancelled	(112,292	)
Balance at December 24, 2016	869,672		3.1	$	34,117,233
Outstanding and expected to vest, December 24, 2016	690,735		3.1	$	27,097,531

(1) Aggregate intrinsic value for MSUs represents the closing price per share of the Company’s common stock on December 23, 2016, the last business day preceding the fiscal quarter-end, multiplied by the number of MSUs outstanding or expected to vest as of December 24, 2016.

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

The fair value of ESPP rights granted to employees has been estimated at the date of grant using the Black-Scholes option valuation model using the following assumptions for the offering periods outstanding:

	ESPP		ESPP
	Three Months Ended		Six Months Ended
	December 24, 2016	December 26, 2015	December 24, 2016	December 26, 2015
Expected holding period (in years)	0.5	0.5	0.5	0.5
Risk-free interest rate	0.5% - 0.7%	0.1% - 0.4%	0.5% - 0.7%	0.1% - 0.4%
Expected stock price volatility	22.1% - 30.4%	21.8% - 33.1%	22.1% - 30.4%	21.8% - 33.1%
Dividend yield	3.4% - 3.6%	3.3% - 3.6%	3.4% - 3.6%	3.3% - 3.6%