XML 16 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2018
Mar. 25, 2017
Mar. 31, 2018
Mar. 25, 2017
Net revenues $ 648,599 $ 581,216 $ 1,846,913 $ 1,693,610
Cost of goods sold 224,653 214,312 639,460 640,796
Gross margin 423,946 366,904 1,207,453 1,052,814
Operating expenses:        
Research and development 114,390 113,163 338,886 339,966
Selling, general and administrative 81,304 73,987 240,308 216,382
Amortization of Intangible Assets 876 2,348 3,623 7,139
Asset Impairment Charges 0 1,000 892 7,517
Impairment of Long-Lived Assets to be Disposed of     42 797
Severance and Restructuring Charges 2,272 450 14,227 11,279
Other Operating Income (Expense), Net 266 1,704 (1,535) (24,868)
Total operating expenses 199,108 192,652 596,401 557,415
Operating income 224,838 174,252 611,052 495,399
Interest and other expense, net (2,534) (3,884) (9,868) (11,390)
Income before provision for income taxes 222,304 170,368 601,184 484,009
Provision for income taxes 28,677 30,155 328,038 75,705
Net income $ 193,627 $ 140,213 $ 273,146 $ 408,304
Earnings per share:        
Basic (per share) $ 0.69 $ 0.50 $ 0.97 $ 1.44
Diluted (per share) $ 0.68 $ 0.49 $ 0.95 $ 1.42
Shares used in the calculation of earnings per share:        
Basic (in shares) 280,850 282,903 281,525 283,348
Diluted (in shares) 285,881 287,882 286,221 288,209
Dividends paid per share $ 0.42 $ 0.33 $ 1.14 $ 0.99