EQUITY-BASED COMPENSATION PLANS (Tables)

6 Months Ended

Dec. 25, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Recognized Equity Based Compensation Expense and Related Income Tax Benefit

The Company recognized the following equity-based compensation expense and related income tax benefit in the Condensed Consolidated Statements of Operations:

	Three Months Ended				Six Months Ended
	December 25, 2016		December 27, 2015		December 25, 2016		December 27, 2015
	(in thousands)
Equity-based compensation expense	$	32,255	$	32,570	$	70,850	$	68,344
Income tax benefit recognized related to equity-based compensation expense	$	8,815	$	12,651	$	19,721	$	18,748

Summary of Stock Plan Activity

A summary of stock plan transactions is as follows:

	Options Outstanding				RSUs Outstanding
	Number of Shares		Weighted- Average Exercise Price		Number of Shares		Weighted- Average Fair Market Value at Grant
June 26, 2016	907,411		$	47.41	4,335,104		$	69.30
Granted	—		$	—	91,818		$	94.16
Exercised	(143,829	)	$	33.91	N/A		N/A
Canceled	(13,770	)	$	70.26	(112,396	)	$	67.82
Vested restricted stock	N/A		N/A		(470,807	)	$	59.29
December 25, 2016	749,812		$	49.58	3,843,719		$	71.15

Schedule of ESPP Weighted-Average Assumptions

Purchase rights under the 1999 ESPP were valued using the Black-Scholes option valuation model and the following weighted-average assumptions for the six months ended December 25, 2016 and December 27, 2015:

	Six Months Ended
	December 25, 2016		December 27, 2015
Expected term (years)	0.77		0.67
Expected stock price volatility	33.02	%	31.86	%
Risk-free interest rate	0.43	%	0.19	%
Dividend Yield	1.14	%	0.94	%