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Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Jun. 27, 2020
Mar. 28, 2020
Dec. 28, 2019
Sep. 28, 2019
Jun. 29, 2019
Mar. 30, 2019
Dec. 29, 2018
Sep. 29, 2018
Jun. 27, 2020
Jun. 29, 2019
Jun. 30, 2018
Numerator for basic earnings per share and diluted earnings per share                      
Net income $ 207,298 [1] $ 161,190 $ 146,050 [1] $ 140,156 $ 367,558 $ 130,613 $ 131,892 [2] $ 197,423 $ 654,694 $ 827,486 $ 467,318
Denominator for basic earnings per share 266,639 269,003 270,330 271,388 272,382 273,221 276,252 278,045 269,341 274,966 280,979
Effect of dilutive securities                      
Stock options, RSUs, and ESPP                 2,687 3,811 4,695
Denominator for diluted earnings per share 268,777 271,579 273,269 274,436 275,834 276,610 280,008 282,454 272,028 278,777 285,674
Basic net income per share $ 0.78 $ 0.60 $ 0.54 $ 0.52 $ 1.35 $ 0.48 $ 0.48 $ 0.71 $ 2.43 $ 3.01 $ 1.66
Diluted net income per share $ 0.77 $ 0.59 $ 0.53 $ 0.51 $ 1.33 $ 0.47 $ 0.47 $ 0.70 $ 2.41 $ 2.97 $ 1.64
[1]
(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



[2]
(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".