Stock-Based Compensation (Tables)

6 Months Ended

Dec. 29, 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 six months ended December 29, 2018 and December 30, 2017, respectively:



	Three Months Ended
	December 29, 2018								December 30, 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	$	9	$	1,884	$	495	$	2,388	$	75	$	1,944	$	467	$	2,486
Research and development	11		8,693		1,135		9,839		185		8,898		1,033		10,116
Selling, general and administrative	58		8,773		598		9,429		222		7,656		558		8,436
Pre-tax stock-based compensation expense	$	78	$	19,350	$	2,228	$	21,656	$	482	$	18,498	$	2,058	$	21,038
Less: income tax effect							2,304								1,887
Net stock-based compensation expense							$	19,352							$	19,151



	Six Months Ended
	December 29, 2018								December 30, 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	$	19	$	3,646	$	1,002	$	4,667	$	161	$	3,780	$	946	$	4,887
Research and development	22		17,384		2,290		19,696		493		15,487		2,003		17,983
Selling, general and administrative	114		16,417		1,259		17,790		585		13,786		1,086		15,457
Pre-tax stock-based compensation expense	$	155	$	37,447	$	4,551	$	42,153	$	1,239	$	33,053	$	4,035	$	38,327
Less: income tax effect							4,268								4,777
Net stock-based compensation expense							$	37,885							$	33,550

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 December 29, 2018 and related activity for the six months ended December 29, 2018:



	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value⁽¹⁾
Balance at June 30, 2018	1,688,253		$	27.72
Options Granted	—
Options Exercised	(522,499	)	26.96
Options Cancelled	(3,439	)	28.08
Balance at December 29, 2018	1,162,315		$	28.06	1.5	$	24,126,273
Exercisable, December 29, 2018	1,162,315		$	28.06	1.5	$	24,126,273
Vested and expected to vest, December 29, 2018	1,162,315		$	28.06	1.5	$	24,126,273



(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 28, 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 December 29, 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 December 29, 2018 and related activity during the six months ended December 29, 2018:



	Number of Shares		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value⁽¹⁾
Balance at June 30, 2018	5,524,432
Restricted stock units and other awards granted	1,321,125
Restricted stock units and other awards released	(802,916	)
Restricted stock units and other awards cancelled	(325,807	)
Balance at December 29, 2018	5,716,834		2.9	$	279,095,836
Outstanding and expected to vest, December 29, 2018	4,743,351		2.8	$	231,570,395



(1)	Aggregate intrinsic value for RSUs and other awards represents the closing price per share of the Company’s common stock on December 28, 2018, the last business day preceding the fiscal quarter-end, multiplied by the number of RSUs outstanding or expected to vest as of December 29, 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 December 29, 2018 and their activity during the six months ended December 29, 2018:



	Number of Shares		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value⁽¹⁾
Balance at June 30, 2018	1,079,064
Market stock units granted	247,804
Market stock units released	(13,594	)
Market stock units cancelled	(250,190	)
Balance at December 29, 2018	1,063,084		2.9	$	51,889,761
Outstanding and expected to vest, December 29, 2018	960,920		2.9	$	46,912,120



(1)	Aggregate intrinsic value for MSUs represents the closing price per share of the Company’s common stock on December 28, 2018, the last business day preceding the fiscal quarter-end, multiplied by the number of MSUs outstanding or expected to vest as of December 29, 2018.

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

The fair value of 2008 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		Six Months Ended
	December 29, 2018	December 30, 2017	December 29, 2018	December 30, 2017
Expected holding period (in years)	0.5 years	0.5 years	0.5 years	0.5 years
Risk-free interest rate	1.6% - 2.6%	0.8% - 1.5%	1.6% - 2.6%	0.8% - 1.5%
Expected stock price volatility	19.6% - 32.7%	19.1% - 24.7%	19.6% - 32.7%	19.1% - 24.7%
Dividend yield	2.1% - 3.1%	3.0% - 3.4%	2.1% - 3.1%	3.0% - 3.4%