Net Income per Share (Tables)

12 Months Ended

Jun. 27, 2021

Earnings Per Share [Abstract]

Schedule of Numerators and Denominators of Basic and Diluted Computations for Net Income Per Share

The following table reconciles the inputs to the basic and diluted computations for net income per share. 

	Year Ended
	June 27, 2021		June 28, 2020		June 30, 2019
	(in thousands, except per share data)
Numerator:
Net income	$	3,908,458	$	2,251,753	$	2,191,430
Denominator:
Basic average shares outstanding	143,609		144,814		152,478
Effect of potential dilutive securities:
Employee stock plans	1,168		1,236		1,323
Convertible notes	543		3,040		5,610
Warrants	—		—		504
Diluted average shares outstanding	145,320		149,090		159,915
Net income per share - basic	$	27.22	$	15.55	$	14.37
Net income per share - diluted	$	26.90	$	15.10	$	13.70