Stock-Based Compensation (Tables)

9 Months Ended

Mar. 31, 2018

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 31, 2018 and March 25, 2017, respectively:

	Three Months Ended
	March 31, 2018								March 25, 2017
	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	$	35	$	2,003	$	537	$	2,575	$	105	$	1,660	$	494	$	2,259
Research and development	13		8,725		1,339		10,077		462		7,602		1,251		9,315
Selling, general and administrative	51		7,218		684		7,953		296		5,820		609		6,725
Pre-tax stock-based compensation expense	$	99	$	17,946	$	2,560	$	20,605	$	863	$	15,082	$	2,354	$	18,299
Less: income tax effect							2,053								2,659
Net stock-based compensation expense							$	18,552							$	15,640

	Nine Months Ended
	March 31, 2018								March 25, 2017
	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	$	196	$	5,783	$	1,482	$	7,461	$	440	$	5,000	$	1,491	$	6,931
Research and development	507		24,212		3,342		28,061		1,305		22,293		3,536		27,134
Selling, general and administrative	636		21,004		1,770		23,410		1,115		16,557		1,756		19,428
Pre-tax stock-based compensation expense	$	1,339	$	50,999	$	6,594	$	58,932	$	2,860	$	43,850	$	6,783	$	53,493
Less: income tax effect							6,830								8,551
Net stock-based compensation expense							$	52,102							$	44,942

Share-based Compensation Arrangements 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 31, 2018 and their activity for the nine months ended March 31, 2018:

	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (1)
Balance at June 24, 2017	2,800,007		$	26.92
Options Granted	—		—
Options Exercised	(1,031,144	)	25.94
Options Cancelled	(21,591	)	25.81
Balance at March 31, 2018	1,747,272		$	27.65	2.0	$	54,470,797
Exercisable, March 31, 2018	1,740,428		$	27.63	2.0	$	54,281,147
Vested and expected to vest, March 31, 2018	1,747,119		$	27.64	2.0	$	54,466,463

(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 30, 2018, 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 31, 2018.

Share-based Compensation Arrangements 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 March 31, 2018 and their activity during the nine months ended March 31, 2018:

	Number of Shares		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (1)
Balance at June 24, 2017	5,942,123
Restricted stock units and other awards granted	1,933,510
Restricted stock units and other awards released	(1,315,630	)
Restricted stock units and other awards cancelled	(500,528	)
Balance at March 31, 2018	6,059,475		2.8	$	357,928,876
Outstanding and expected to vest, March 31, 2018	5,061,864		2.7	$	297,738,815

(1) Aggregate intrinsic value for RSUs and other awards represents the closing price per share of the Company’s common stock on March 30, 2018, the last business day preceding the fiscal quarter-end, multiplied by the number of RSUs outstanding or expected to vest as of March 31, 2018.

Share-based Compensation Arrangements 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 31, 2018 and their activity during the nine months ended March 31, 2018:

	Number of Shares		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (1)
Balance at June 24, 2017	818,028
Market stock units granted	292,336
Market stock units released	—
Market stock units cancelled	(10,028	)
Balance at March 31, 2018	1,100,336		2.8	$	64,721,764
Outstanding and expected to vest, March 31, 2018	680,029		2.7	$	39,999,293

(1) Aggregate intrinsic value for MSUs represents the closing price per share of the Company’s common stock on March 30, 2018, the last business day preceding the fiscal quarter-end, multiplied by the number of MSUs outstanding or expected to vest as of March 31, 2018.

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:

	Three Months Ended		Nine Months Ended
	March 31, 2018	March 25, 2017	March 31, 2018	March 25, 2017
Expected holding period (in years)	0.5 years	0.5 years	0.5 years	0.5 years
Risk-free interest rate	1.1% - 1.5%	0.5%	0.8% - 1.5%	0.5% - 0.7%
Expected stock price volatility	20.5% - 20.7%	27.2% - 28.2%	19.1% - 24.7%	22.1% - 30.4%
Dividend yield	3.0% - 3.1%	3.5% - 3.6%	3.0% - 3.4%	3.4% - 3.6%