Income Taxes (Tables)

12 Months Ended

Jun. 29, 2019

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

Pretax income were as follows:



	For the Year Ended
	June 29, 2019		June 30, 2018		June 24, 2017
	(in thousands)
Domestic pre-tax income	$	103,016	$	149,056	$	154,628
Foreign pre-tax income	651,405		675,829		524,961
Total	$	754,421	$	824,885	$	679,589

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision (benefit) for income taxes consisted of the following:



	For the Year Ended
	June 29, 2019			June 30, 2018		June 24, 2017
	(in thousands)
Federal
Current	$	(114,494	)	$	318,288	$	107,303
Deferred	12,874			25,769		(8,171		)
State
Current	9,842			117		(361		)
Deferred	2,196			1,325		(436		)
Foreign
Current	17,562			11,450		8,930
Deferred	(1,045		)	618		711
Total provision (benefit) for income taxes	$	(73,065	)	$	357,567	$	107,976

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation of the Company's Federal statutory tax rate to the Company's effective tax rate is as follows:



	For the Year Ended
	June 29, 2019		June 30, 2018		June 24, 2017
Federal statutory rate	21.0	%	28.1	%	35.0	%
State tax, net of federal benefit	1.4		0.2		(0.2	)
General business credits	(0.9	)	(0.8	)	(1.3	)
Effect of foreign operations	(15.8	)	(16.7	)	(20.2	)
Stock-based compensation	0.7		0.4		0.1
Interest accrual for uncertain tax positions	1.1		2.1		2.1
Transition Tax	9.0		28.7		—
Global intangible low taxed income	7.4		—		—
Deferred tax remeasurement	—		1.6		—
Settlement of uncertain tax positions	(33.4	)	—		—
Other	(0.2	)	(0.3	)	0.4
Effective tax rate	(9.7	)%	43.3	%	15.9	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The components of the Company's deferred tax assets and liabilities were as follows:



	June 29, 2019			June 30, 2018
	(in thousands)
Deferred tax assets:
Accrued compensation	$	7,990		$	8,361
Stock-based compensation	9,788			10,071
Net operating loss carryovers	40,067			40,989
Tax credit carryovers	93,269			90,968
Other reserves and accruals not currently deductible for tax purposes	21,584			29,903
Other	11,500			8,562
Total deferred tax assets	184,198			188,854

Deferred tax liabilities:
Fixed assets and intangible assets cost recovery, net	(52,567		)	(52,704		)
Unremitted earnings of foreign subsidiaries	(7,428		)	(1,532		)
Other	(3,712		)	(2,553		)
Total deferred tax liabilities	(63,707		)	(56,789		)

Net deferred tax assets before valuation allowance	120,491			132,065
Valuation allowance	(131,798		)	(128,128		)
Net deferred tax assets (liabilities)	$	(11,307	)	$	3,937

Summary of Income Tax Contingencies [Table Text Block]

A reconciliation of the change in gross unrecognized tax benefits, excluding interest, penalties and the federal benefit for state unrecognized tax benefits, is as follows:



	For the Year Ended
	June 29, 2019			June 30, 2018			June 24, 2017
	(in thousands)
Balance as of beginning of year	$	591,458		$	539,569		$	482,745
Tax positions related to current year:
Addition	6,974			48,646			57,791
Tax positions related to prior year:
Addition	20,851			3,806			1,059
Reduction	(236,705		)	—			(1,410		)
Settlements	(161,847		)	—			—
Lapses in statutes of limitations	(334		)	(563		)	(616		)
Balance as of end of year	$	220,397		$	591,458		$	539,569

Summary of Income Tax Examinations [Table Text Block]

A summary of the fiscal tax years that remain subject to examination, as of June 29, 2019, for the Company's major tax jurisdictions are as follows:



United States - Federal	2012	-	Forward
Ireland	2015	-	Forward