EQUITY-BASED COMPENSATION PLANS (Tables)

6 Months Ended

Dec. 27, 2015

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 27, 2015		December 28, 2014		December 27, 2015		December 28, 2014
	(in thousands)
Equity-based compensation expense	$	32,570	$	30,632	$	68,344	$	62,672
Income tax benefit related to equity-based compensation expense	$	12,651	$	6,116	$	18,748	$	10,840

Summary of Stock Plan Activity

A summary of stock plan transactions is as follows:

	Options Outstanding				Restricted Stock Units Outstanding
	Number of Shares		Weighted- Average Exercise Price		Number of Shares		Weighted- Average Fair Market Value at Grant
June 28, 2015	835,832		$	37.44	4,954,088		$	60.13
Granted	—		$	—	151,462		$	71.46
Exercised	(70,291	)	$	22.03	N/A		N/A
Canceled	—		$	—	(46,193	)	$	65.08
Vested restricted stock	N/A		N/A		(1,247,240	)	$	46.19
December 27, 2015	765,541		$	38.86	3,812,117		$	65.08

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 27, 2015 and December 28, 2014:

	Six Months Ended
	December 27, 2015		December 28, 2014
Expected term (years)	0.67		0.68
Expected stock price volatility	31.86	%	29.07	%
Risk-free interest rate	0.19	%	0.07	%
Dividend Yield	0.94	%	0.29	%