Stock-Based Compensation (Tables)

12 Months Ended

Jun. 29, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

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

The fair value of shares granted to employees under the 2008 ESPP in fiscal years 2019, 2018 and 2017 has been estimated at the date of grant using the Black-Scholes option valuation model using the following assumptions for the offering periods outstanding:



	For the Year Ended
	June 29, 2019	June 30, 2018	June 24, 2017
Expected holding period (in years)	0.5	0.5	0.5
Risk-free interest rate	1.6% - 2.6%	0.8% - 2.1%	0.5% - 1.1%
Expected stock price volatility	19.6% - 32.7%	19.1% - 32.7%	19.1% - 30.4%
Dividend yield	2.8% - 3.4%	2.8% - 3.4%	3.0% - 3.6%

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 Consolidated Statements of Income for fiscal years 2019, 2018 and 2017:



	For the year ended June 29, 2019
	Stock Options		Restricted Stock Units and Other Awards		Employee Stock Purchase Plan		Total
	(in thousands)
Cost of goods sold	$	35	$	7,728	$	2,324	$	10,087
Research and development	9		36,182		5,433		41,624
Selling, general and administrative	232		32,078		2,956		35,266
Pre-tax stock-based compensation expense	$	276	$	75,988	$	10,713	$	86,977
Less: income tax effect							8,443
Net stock-based compensation expense							$	78,534



	For the year ended June 30, 2018
	Stock Options		Restricted Stock Units and Other Awards		Employee Stock Purchase Plan		Total
	(in thousands)
Cost of goods sold	$	212	$	8,131	$	2,098	$	10,441
Research and development	518		32,088		4,442		37,048
Selling, general and administrative	700		28,162		2,334		31,196
Pre-tax stock-based compensation expense	$	1,430	$	68,381	$	8,874	$	78,685
Less: income tax effect							9,342
Net stock-based compensation expense							$	69,343



	For the year ended June 24, 2017
	Stock Options		Restricted Stock Units and Other Awards		Employee Stock Purchase Plan		Total
	(in thousands)
Cost of goods sold	$	536	$	6,630	$	1,928	$	9,094
Research and development	1,654		29,504		4,514		35,672
Selling, general and administrative	1,424		22,713		2,214		26,351
Pre-tax stock-based compensation expense	$	3,614	$	58,847	$	8,656	$	71,117
Less: income tax effect							12,934
Net stock-based compensation expense							$	58,183

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 June 29, 2019 and their activity during fiscal years 2019, 2018 and 2017:



	Options			Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value⁽¹⁾
	Number of Shares		Weighted Average Exercise Price	Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value⁽¹⁾
Balance, June 25, 2016	5,935,079		$25.11
Options Granted	—		—
Options Exercised	(2,741,659	)	22.98
Options Cancelled	(393,413	)	27.07
Balance, June 24, 2017	2,800,007		26.92
Options Granted	—		—
Options Exercised	(1,090,163	)	25.69
Options Cancelled	(21,591	)	26.47
Balance, June 30, 2018	1,688,253		27.72
Options Granted	—		—
Options Exercised	(907,401	)	27.22
Options Cancelled	(3,439	)	28.08
Balance, June 29, 2019	777,413		$28.30	1.2	$	24,501,637
Exercisable as of June 29, 2019	777,413		$28.30	1.2	$	24,501,637
Vested and expected to vest, June 29, 2019	777,413		$28.30	1.2	$	24,501,637


(1)	Aggregate intrinsic value represents the difference between the exercise price and the closing price per share of the Company's common stock on June 28, 2019, the last business day preceding the fiscal year end, multiplied by the number of options outstanding, exercisable or vested and expected to vest as of June 29, 2019.

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

Share-based Compensation Arrangements 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 June 29, 2019 and their activity during fiscal years 2019, 2018 and 2017:



	Number of Shares		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value⁽¹⁾
Balance, June 25, 2016	6,620,813
Restricted stock units and other awards granted	2,237,679
Restricted stock units and other awards released	(1,876,050	)
Restricted stock units and other awards cancelled	(1,040,319	)
Balance, June 24, 2017	5,942,123
Restricted stock units and other awards granted	1,989,959
Restricted stock units and other awards released	(1,794,029	)
Restricted stock units and other awards cancelled	(613,621	)
Balance, June 30, 2018	5,524,432
Restricted stock units and other awards granted	1,694,294
Restricted stock units and other awards released	(1,779,317	)
Restricted stock units and other awards cancelled	(521,103	)
Balance, June 29, 2019	4,918,306		2.6	$	294,213,065
Expected to vest as of June 29, 2019	4,173,396		2.5	$	249,652,544


(1)	Aggregate intrinsic value for RSUs and other awards represents the closing price per share of the Company's common stock on June 28, 2019, the last business day preceding the fiscal year end, multiplied by the number of RSUs and other awards outstanding, or expected to vest as of June 29, 2019.

Schedule of Share-Based Compensation Arrangement by Share-Based Payment Award, Market Stock Units Vested and Expected to Vest [Table Text Block]

The following table summarizes the number of MSUs outstanding and expected to vest as of June 29, 2019 and their activity during fiscal years 2019, 2018 and 2017:



	Number of Shares		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value ⁽¹⁾
Balance, June 25, 2016	673,532
Market stock units granted	308,432
Market stock units released	—
Market stock units cancelled	(163,936	)
Balance, June 24, 2017	818,028
Market stock units granted	292,336
Market stock units released	—
Market stock units cancelled	(31,300	)
Balance, June 30, 2018	1,079,064
Market stock units granted	247,804
Market stock units released	(13,594	)
Market stock units cancelled	(264,742	)
Balance, June 29, 2019	1,048,532		2.6	$	62,723,184
Expected to vest as of June 29, 2019	890,205		2.5	$	53,252,070


(1)	Aggregate intrinsic value for MSUs represents the closing price per share of the Company’s common stock on June 28, 2019, the last business day preceding the fiscal quarter-end, multiplied by the number of MSUs outstanding or expected to vest as of June 29, 2019.