Stock-Based Compensation (Tables)

9 Months Ended

Mar. 29, 2014

Schedule of the impact on the entity's results of operations of recording stock-based compensation by function

The impact on the Company’s results of operations of recording stock-based compensation by function for the three and nine months ended March 29, 2014 and March 30, 2013 was as follows (in millions):

	Three Months Ended				Nine Months Ended
	March 29,		March 30,		March 29,		March 30,
	2014		2013		2014		2013
Cost of sales	$	2.7	$	2.4	$	7.7	$	6.7
Research and development	4.1		3.7		11.7		10.0
Selling, general and administrative	10.1		9.2		28.9		24.8
	$	16.9	$	15.3	$	48.3	$	41.5

Monte Carlo simulation

Stock-Based Compensation

Schedule of assumptions used to estimate the fair value of awards on the date of grant

The Company estimates the fair value of the MSUs on the date of grant using a Monte Carlo simulation with the following assumptions:

	Nine Months Ended
	March 29,		March 30,
	2014		2013

Volatility of common stock	53.9	%	57.5	%
Average volatility of peer companies	58.6	%	58.3	%
Average correlation coefficient of peer companies	0.2920		0.3208
Risk-free interest rate	0.8	%	0.4	%