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Quarterly Financial Data (Unaudited)
 12 Months Ended
Jun. 27, 2020
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited) [Text Block] QUARTERLY FINANCIAL DATA (UNAUDITED)

 
Quarter Ended
Fiscal Year 2020
June 27,
2020
 
March 28, 2020
 
December 28, 2019
 
September 28, 2019
 
(in thousands, except percentages and per share data)
Net revenues
$
545,369

 
$
561,916

 
$
551,070

 
$
533,040

Cost of goods sold 
183,001

 
195,479

 
190,546

 
189,717

Gross margin 
$
362,368

 
$
366,437

 
$
360,524

 
$
343,323

Gross margin %
66.4
%
 
65.2
%
 
65.4
%
 
64.4
%
Operating income
$
177,987

 
$
183,347

 
$
169,056

 
$
156,004

     % of net revenues
32.6
%
 
32.6
%
 
30.7
%
 
29.3
%
Net income (1)
$
207,298

 
$
161,190

 
$
146,050

 
$
140,156

 
 
 
 
 
 
 
 
Earnings per share:
 

 
 

 
 

 
 

Basic
$
0.78

 
$
0.60

 
$
0.54

 
$
0.52

Diluted
$
0.77

 
$
0.59

 
$
0.53

 
$
0.51

 
 
 
 
 
 
 
 
Shares used in the calculation of earnings per share:
 

 
 

 
 

 
 

     Basic 
266,639

 
269,003

 
270,330

 
271,388

     Diluted
268,777

 
271,579

 
273,269

 
274,436

 
 

 
 

 
 

 
 

Dividends declared and paid per share 
$
0.48

 
$
0.48

 
$
0.48

 
$
0.48



(1)
The fiscal quarter ended June 27, 2020 includes $51.2 million of net income from the release of uncertain tax position and related interest reserves and a $6.5 million Transition Tax charge. For details, refer to Note 17: "Income Taxes".


 
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

 
 
 
 
 
 
 
 
Weighted-average 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 17: "Income Taxes".