Common Stock Repurchases

12 Months Ended

Jun. 25, 2011

Common Stock Repurchases [Abstract]

Common Stock Repurchases [Text Block]

COMMON STOCK REPURCHASES

In October 2008, the Board of Directors authorized the Company to repurchase up to $750 million of the Company's common stock from time to time at the discretion of the Company's management. This stock repurchase authorization has no expiration date. All prior authorizations by the Company's Board of Directors for the repurchase of common stock were canceled and superseded by this authorization.

During fiscal year 2011 and fiscal year 2010, the Company repurchased approximately 10.9 million, and 10.3 million shares of its common stock for $231.0 million and $190.9 million, respectively. As of June 25, 2011, the Company had remaining authorization of $93.8 million for future share repurchases. The number of shares to be repurchased and the timing of such repurchases will be based on several factors, including the price of the Company's common stock and general market and business conditions.