XML 50 R35.htm IDEA: XBRL DOCUMENT v3.21.2
STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Jun. 30, 2021
Stock-based Compensation Expenses and Related Tax Benefit Recognized in the Consolidated Statements of Comprehensive Income
Presented below is total stock-based compensation expenses, and the related total income tax benefit recognized in the Consolidated Statements of Comprehensive Income:
Fiscal Years Ended
June 30, 2021June 24, 2020June 26, 2019
Stock-based compensation expenses$16.4 $14.7 $16.4 
Tax benefit related to stock-based compensation expenses3.0 2.5 3.0 
Black-Scholes Weighted Average Fair Values and Assumptions
The fair value of stock options was estimated using the Black-Scholes option-pricing model with the following weighted average assumptions, and the weighted average fair value of option grants:
Fiscal Years Ended
June 30, 2021 (1)
June 24, 2020June 26, 2019
Weighted average fair values of option grantsn/a$6.92 $8.25 
Expected volatilityn/a33.4 %27.2 %
Risk-free interest raten/a1.3 %2.9 %
Expected livesn/a5 years5 years
Dividend yieldn/a3.2 %3.5 %
Intrinsic Value and Related Tax Benefit of Options Exercised The intrinsic value and related tax benefit of options exercised is as follows:
Fiscal Years Ended
June 30, 2021June 24, 2020June 26, 2019
Intrinsic value of options exercised$9.8 $0.6 $1.8 
Tax benefit realized on options exercised2.4 0.1 0.4 
Fair Value of Restricted Share Awards Vested The fair value of shares that vested is as follows:
Fiscal Years Ended
June 30, 2021June 24, 2020June 26, 2019
Fair value of restricted share awards vested$14.9 $6.6 $8.6 
Stock Options  
Stock Based Transactions During the Fiscal Year
Stock option transactions during fiscal 2021 were as follows (option prices in dollars):
Number of
Options		Weighted
Average
Exercise
Price		Weighted
Average
Remaining
Contractual
Life (Years)		Aggregate
Intrinsic
Value
Stock options outstanding at June 24, 20202.7 $40.68 
Granted— — 
Exercised(0.7)46.61 
Forfeited or canceled0.0 38.03 
Stock options outstanding at June 30, 20212.0 $38.74 4.4$45.1 
Stock options exercisable at June 30, 20210.7 $41.44 3.8$14.4 
Restricted Shares  
Stock Based Transactions During the Fiscal Year
Restricted share awards, including performance shares reflected at target, during fiscal 2021 were as follows (fair value per award in dollars):
Number of
Restricted
Share
Awards		Weighted
Average
Grant Date
Fair Value
Per Award
Restricted share awards outstanding at June 24, 20201.1 $37.17 
Granted0.5 41.17 
Vested(0.3)32.58 
Forfeited(0.1)38.70 
Restricted share awards outstanding at June 30, 20211.2 $40.07