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Net Income Per Share (Tables)
12 Months Ended
Jun. 26, 2016
Earnings Per Share [Abstract]  
Schedule of Numerators and Denominators of Basic and Diluted Computations for Net Income Per Share
The following table reconciles the numerators and denominators of the basic and diluted computations for net income per share.
 
 
Year Ended
June 26,
2016
 
June 28,
2015
 
June 29,
2014
 
(in thousands, except per share data)
Numerator:
 
 
 
 
 
Net income
$
914,049

 
$
655,577

 
$
632,289

Denominator:
 
 
 
 
 
Basic average shares outstanding
158,919

 
159,629

 
164,741

Effect of potential dilutive securities:
 
 
 
 
 
Employee stock plans
2,120

 
3,193

 
2,864

Convertible notes
13,464

 
13,530

 
6,898

Warrants
656

 
715

 

Diluted average shares outstanding
175,159

 
177,067

 
174,503

Net income per share - basic
$
5.75

 
$
4.11

 
$
3.84

Net income per share - diluted
$
5.22

 
$
3.70

 
$
3.62

Schedule of Potentially Dilutive Securities Excluded from EPS Calculations
The following potentially dilutive securities were excluded:
 
 
Year Ended
June 26,
2016
 
June 28,
2015
 
June 29,
2014
 
(in thousands)
Number of options and RSUs excluded
149

 
330

 
78