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Stock-Based Compensation (Tables)
 3 Months Ended
Sep. 26, 2020
Share-based Payment Arrangement [Abstract]  
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]
The following tables show total stock-based compensation expense by type of award, and the resulting tax effect, included in the Condensed Consolidated Statements of Income for the three months ended September 26, 2020 and September 28, 2019, respectively:

 
Three Months Ended
 
Three Months Ended
 
September 26, 2020
 
September 28, 2019
 
Stock Options
 
Restricted Stock Units and Other Awards
 
Employee Stock Purchase Plan
 
Total
 
Stock Options
 
Restricted Stock Units and Other Awards
 
Employee Stock Purchase Plan
 
Total
 
(in thousands)
Cost of goods sold
$
11

 
$
3,794

 
$
864

 
$
4,669

 
$
9

 
$
2,280

 
$
669

 
$
2,958

Research and development
3

 
12,267

 
2,106

 
14,376

 
4

 
9,485

 
1,395

 
10,884

Selling, general and administrative
75

 
15,483

 
1,127

 
16,685

 
67

 
9,953

 
810

 
10,830

Pre-tax stock-based compensation expense
$
89

 
$
31,544

 
$
4,097

 
$
35,730

 
$
80

 
$
21,718

 
$
2,874

 
$
24,672

Less: income tax effect
 
 
 
 
 
 
2,531

 
 
 
 
 
 
 
2,888

Net stock-based compensation expense
 
 
 
 
 
$
33,199

 
 
 
 
 
 
 
$
21,784
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 September 26, 2020 and related activity for the three months ended September 26, 2020:
 
Number of
Shares 
 
Weighted Average Exercise Price
 
Weighted Average Remaining Contractual Term (in Years)
 
Aggregate Intrinsic Value(1)
Balance at June 27, 2020
104,447

 
$
28.76

 
 
 
 
Options Granted
—

 
—

 
 
 
 
Options Exercised
(94,375
)
 
28.30

 
 
 
 
Options Cancelled
—

 
—

 
 
 
 
Balance at September 26, 2020
10,072

 
$
33.09

 
0.6
 
$
326,753

Exercisable, September 26, 2020
10,072

 
$
33.09

 
0.6
 
$
326,753

Vested and expected to vest, September 26, 2020
10,072

 
$
33.09

 
0.6
 
$
326,753


(1)Aggregate intrinsic value represents the difference between the exercise price and the closing price per share of the Company’s common stock on September 25, 2020, the last business day preceding the fiscal quarter-end, multiplied by the number of options outstanding, exercisable or vested and expected to vest as of September 26, 2020.
Share-based Compensation Arrangements by Share-based Payment Award, Restricted Stock Units, Vested and Expected to Vest [Table Text Block]
The following table summarizes the outstanding and expected to vest RSUs and RSAs as of September 26, 2020 and related activity during the three months ended September 26, 2020:
 
Number of
Shares 
 
Weighted Average
Remaining
Contractual Term
(in Years) 
 
Aggregate Intrinsic
Value(1) 
Balance at June 27, 2020
4,606,592

 
 
 
 
Restricted stock units and restricted stock awards granted
1,304,862

 
 
 
 
Restricted stock units and restricted stock awards released
(500,583
)
 
 
 
 
Restricted stock units and restricted stock awards cancelled
(45,575
)
 
 
 
 
Balance at September 26, 2020
5,365,296

 
3.2
 
$
351,587,847

Outstanding and expected to vest, September 26, 2020
4,446,092

 
2.9
 
$
291,352,394


(1)Aggregate intrinsic value for RSUs and RSAs represents the closing price per share of the Company’s common stock on September 25, 2020, the last business day preceding the fiscal quarter-end, multiplied by the number of RSUs and RSAs outstanding or expected to vest as of September 26, 2020.

Share-based Compensation Arrangements by Share-based Payment Award, Performance-Based Units, Vested and Expected to Vest [Table Text Block]
The following table summarizes the number of MSUs outstanding and expected to vest as of September 26, 2020 and their activity during the three months ended September 26, 2020:
 
Number of
Shares 
 
Weighted Average
Remaining
Contractual Term
(in Years) 
 
Aggregate Intrinsic
Value(1) 
Balance at June 27, 2020
971,220

 
 
 
 
Market stock units granted
—

 
 
 
 
Market stock units released
—

 
 
 
 
Market stock units cancelled
(230,132
)
 
 
 
 
Balance at September 26, 2020
741,088

 
2.2
 
$
48,563,497

Outstanding and expected to vest, September 26, 2020
576,716

 
2.2
 
$
37,792.218


(1)Aggregate intrinsic value for MSUs represents the closing price per share of the Company’s common stock on September 25, 2020, the last business day preceding the fiscal quarter-end, multiplied by the number of MSUs outstanding or expected to vest as of September 26, 2020.

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]
The fair value of 2008 ESPP rights granted to employees has been estimated at the date of grant using the Black-Scholes option valuation model using the following assumptions for the offering periods outstanding:
 
Three Months Ended
 
September 26, 2020
 
September 28, 2019
Expected holding period (in years)
0.5 years
 
0.5 years
Risk-free interest rate
0.2% - 1.6%
 
2.3% - 2.7%
Expected stock price volatility
29.2% - 55.2%
 
29.5% - 31.3%
Dividend yield
3.3% - 3.3%
 
3.1% - 3.4%