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Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Jun. 29, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Table Text Block]
 
Quarter Ended
Fiscal Year 2019
June 29, 2019
 
March 30, 2019
 
December 29, 2018
 
September 29, 2018
 
(in thousands, except percentages and per share data)
Net revenues
$
556,545

 
$
542,383

 
$
576,906

 
$
638,495

Cost of goods sold 
200,154

 
201,552

 
203,858

 
208,259

Gross margin 
$
356,391

 
$
340,831

 
$
373,048

 
$
430,236

Gross margin %
64.0
%
 
62.8
%
 
64.7
%
 
67.4
%
Operating income
$
173,571

 
$
157,140

 
$
182,204

 
$
234,183

     % of net revenues
31.2
%
 
29.0
%
 
31.6
%
 
36.7
%
Net income (1)
$
367,558

 
$
130,613

 
$
131,892

 
$
197,423

 
 
 
 
 
 
 
 
Earnings per share:
 

 
 

 
 

 
 

Basic
$
1.35

 
$
0.48

 
$
0.48

 
$
0.71

Diluted
$
1.33

 
$
0.47

 
$
0.47

 
$
0.70

 
 
 
 
 
 
 
 
Shares used in the calculation of earnings per share:
 

 
 

 
 

 
 

     Basic 
272,382

 
273,221

 
276,252

 
278,045

     Diluted
275,834

 
276,610

 
280,008

 
282,454

 
 

 
 

 
 

 
 

Dividends declared and paid per share 
$
0.46

 
$
0.46

 
$
0.46

 
$
0.46


(1)
The fiscal quarter ended June 29, 2019 includes $251.6 million of net income from the release of uncertain tax position and related interest reserves and a $47.7 million Transition Tax charge. The fiscal quarter ended December 29, 2018 includes a $22.1 million Transition Tax charge. For details, refer to Note 15: “Income Taxes”.

 
Quarter Ended
Fiscal Year 2018
June 30, 2018
 
March 31, 2018
 
December 30, 2017
 
September 23, 2017
 
(in thousands, except percentages and per share data)
Net revenues (1)
$
633,154

 
$
648,599

 
$
622,637

 
$
575,676

Cost of goods sold 
214,486

 
224,653

 
212,961

 
201,845

Gross margin 
$
418,668

 
$
423,946

 
$
409,676

 
$
373,831

Gross margin %
66.1
%
 
65.4
%
 
65.8
%
 
64.9
%
Operating income
$
222,395

 
$
224,838

 
$
201,048

 
$
185,166

     % of net revenues
35.1
%
 
34.7
%
 
32.3
%
 
32.2
%
Net income (loss) (2)
$
194,172

 
$
193,627

 
$
(75,015
)
 
$
154,533

 
 
 
 
 
 
 
 
Earnings (loss) per share:
 

 
 

 
 

 
 

     Basic
$
0.70

 
$
0.69

 
$
(0.27
)
 
$
0.55

     Diluted
$
0.68

 
$
0.68

 
$
(0.27
)
 
$
0.54

 
 
 
 
 
 
 
 
Weighted-average shares used in the calculation of earnings (loss) per share:
 

 
 

 
 

 
 

     Basic 
279,304

 
280,850

 
281,560

 
282,170

     Diluted
283,934

 
285,881

 
281,560

 
286,437

 
 
 
 
 
 
 
 
Dividends declared and paid per share 
$
0.42

 
$
0.42

 
$
0.36

 
$
0.36


(1)
The fiscal quarter ended December 30, 2017, includes an incremental $22.0 million of revenue from beginning to recognize revenue with a certain distributor (less its estimate of future price adjustments and returns) upon shipment to the distributor (also referred to as the sell-in basis of revenue recognition). It also includes a $236.9 million provisional Transition Tax charge.  For details, refer to Note 15: “Income Taxes”.