Share-based compensation (Tables)

9 Months Ended

Mar. 30, 2018

Effect of Recording Share-Based Compensation Expense

The effect of recording share-based compensation expense for the three and nine months ended March 30, 2018 and March 31, 2017 was as follows:

	Three Months Ended				Nine Months Ended
(amount in thousands)	March 30, 2018		March 31, 2017		March 30, 2018		March 31, 2017
Share-based compensation expense by type of award:
Restricted share units	$	3,904	$	6,540	$	13,338	$	18,993
Performance share units		1,422		1,188		4,366		2,943
Total share-based compensation expense		5,326		7,728		17,704		21,936
Tax effect on share-based compensation expense		—		—		—		—
Net effect on share-based compensation expense	$	5,326	$	7,728	$	17,704	$	21,936

Share-Based Compensation Expense Recorded in Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income

Share-based compensation expense was recorded in the unaudited condensed consolidated statements of operations and comprehensive income as follows:

	Three Months ended				Nine Months Ended
(amount in thousands)	March 30, 2018		March 31, 2017		March 30, 2018		March 31, 2017
Cost of revenue	$	1,564	$	1,657	$	5,277	$	4,185
Selling, general and administrative expense		3,762		6,071		12,427		17,751
Total share-based compensation expense	$	5,326	$	7,728	$	17,704	$	21,936

Share Option Activity

The following summarizes share option activity:

	Number of Shares			Number of Exercisable Options		Weighted- Average Exercise Price Per Share		Weighted- Average Grant Date Fair Value Per Share
Balance as of June 30, 2017		96,688			96,688	$	15.70
Granted		—					—		—
Exercised		(62,862	)			$	15.80
Forfeited		—					—
Expired		(1,500	)			$	25.05
Balance as of March 30, 2018		32,326			32,326	$	15.05

	Number of Shares			Number of Exercisable Options		Weighted- Average Exercise Price Per Share		Weighted- Average Grant Date Fair Value Per Share
Balance as of June 24, 2016		464,334			464,334	$	15.95
Granted		—					—		—
Exercised		(367,641	)			$	16.02
Forfeited		—					—
Expired		(5	)			$	5.75
Balance as of March 31, 2017		96,688			96,688	$	15.70

Information for Share Options Outstanding

The following summarizes information for share options outstanding as of March 30, 2018 under the 2010 Plan:

	Range of Exercise Price		Number of Shares Underlying Options		Weighted- Average Remaining Contractual Life (years)		Aggregate Intrinsic Value (amount in thousands)
	$	14.12		21,638		0.61
	$	15.16		5,138		0.38
	$	18.60		5,550		0.92
Options outstanding				32,326		0.63	$	528
Options exercisable				32,326		0.63	$	528

Restricted Share Unit Activity

The following summarizes restricted share unit activity under the 2010 Plan and the 2017 Inducement Plan:

	Number of Shares			Weighted-Average Grant Date Fair Value Per Share
Balance as of June 30, 2017		1,058,605		$	31.59
Granted		474,777			36.04
Issued		(337,937	)		28.01
Forfeited		(95,981	)		33.52
Balance as of March 30, 2018		1,099,464		$	34.44
	Number of Shares			Weighted-Average Grant Date Fair Value Per Share
Balance as of June 24, 2016		1,181,402		$	18.34
Granted		796,298			39.42
Issued		(835,785	)		21.01
Forfeited		(69,726	)		25.33
Balance as of March 31, 2017		1,072,189		$	31.57

Performance Share Unit Activity

The following summarizes performance share unit activity under the 2010 Plan and the 2017 Inducement Plan:

	Number of Shares			Weighted- Average Grant Date Fair Value Per Share
Balance as of June 30, 2017		227,268		$	40.48
Granted		378,624	(1)		37.16
Issued		—			—
Forfeited		—			—
Balance as of March 30, 2018		605,892		$	38.41
	Number of Shares			Weighted- Average Grant Date Fair Value Per Share
Balance as of June 24, 2016		—			—
Granted		234,678	(1)	$	40.48
Issued		—			—
Forfeited		—			—
Balance as of March 31, 2017		234,678		$	40.48

(1) This represents the target number of performance share units (“PSUs”) granted. The actual number of PSUs that may be earned, if any, is dependent upon performance and may range from 0% to 100% percent of the target.