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Restructuring Activities (Notes)
 9 Months Ended
Mar. 26, 2016
Restructuring and Related Activities [Abstract]  
Restructuring and Related Activities Disclosure [Text Block]
RESTRUCTURING ACTIVITIES

Fiscal year 2016:

San Jose Fab Shutdown

In October 2014, the Company initiated a plan to shut down its San Jose wafer fabrication facility. The Company reached the decision that it was not economically feasible to maintain this facility, which is used primarily for fab process development and low volume manufacturing, as the Company intended to utilize other resources to complete such activities in the future. This plan included cash charges related to employee severance and non-cash charges related to accelerated depreciation. This plan has been completed, and the shutdown took place in the second quarter of fiscal year 2016.

During the three and nine months ended March 26, 2016, the Company recorded accelerated depreciation charges of $0 and $41.6 million, respectively, in “Cost of goods sold” and $0.1 million and $0.5 million, respectively, in “Severance and restructuring expenses” in the Condensed Consolidated Statements of Income. The sale of the San Jose wafer fabrication facility took place during the second quarter of fiscal year 2016. The cumulative costs recorded in fiscal year 2015 and 2016 to complete this restructuring plan were $100.3 million and no future restructuring costs associated with this plan is expected.

Other Plans

During the three and nine months ended March 26, 2016, the Company recorded $2.5 million and $19.2 million, respectively, in “Severance and restructuring expenses” in the Condensed Consolidated Statements of Income related to various restructuring plans designed to reduce costs. These charges were associated with continued reorganization of certain business units and functions and the planned closure of the Dallas wafer level packaging (“WLP”) manufacturing facilities. Multiple job classifications and locations were impacted by these activities.

As the Company plans to close its Dallas, Texas campus, including its WLP manufacturing facility in fiscal year 2017, the Company recorded accelerated depreciation charges of $4.5 million and $8.5 million during the three and nine months ended March 26, 2016, respectively.

Future expected restructuring costs to be incurred with other plans is $9.4 million as of March 26, 2016.

Restructuring Accruals

The Company has accruals for severance and restructuring payments within Accrued salary and related expenses in the accompanying Condensed Consolidated Balance Sheets. The following table summarizes changes in the accruals associated with these restructuring activities during the nine months ended March 26, 2016:

 
Balance, June 27, 2015
 
Nine Months Ended
March 26, 2016
 
Balance, March 26, 2016
 
Charges
 
Cash Payments
 
Change in Estimates
 
 
(in thousands)
 
 
 
 
 
 
 
 
 
 
Severance - San Jose Fab Shutdown (1)
$
6,725

 
$
973

 
$
(7,166
)
 
$
(532
)
 
$
—

Severance - Other plans (1)
11,496

 
22,352

 
(22,862
)
 
(3,123
)
 
7,863

Total
$
18,221

 
$
23,325

 
$
(30,028
)
 
$
(3,655
)
 
$
7,863


(1) Charges and change in estimates are included in Severance and restructuring expenses in the accompanying Condensed Consolidated Statements of Income.

Additionally, the Company also accrues for expected losses relating to lease terminations as a result of plans to consolidate office space. The need for consolidation resulted from acquisition and relocation activities. During the three and nine month ended March 26, 2016, the Company recorded $0.4 million and $0.7 million in expected lease losses resulting from divestiture and restructuring activities.

Fiscal year 2015:

Severance and restructuring expenses were $2.8 million and $17.8 million for the three and nine months ended March 28, 2015.

Change in estimate:

Due to the above mentioned restructuring activities, the Company recorded accelerated depreciation resulting from the change in estimated useful lives of certain long lived assets included in restructuring plans. In all periods that accelerated depreciation expense was recorded, this resulted in additional expense and therefore impacted operating income (loss), net income (loss) and earnings per share as presented in the table below.

 
Three Months Ended
 
Nine Months Ended
 
March 26,
2016
 
March 28,
2015
 
March 26,
2016
 
March 28,
2015
 
(in thousands, except per share data)
Operating income (loss), as reported
$
177,708

 
$
105,450

 
$
191,476

 
$
142,332

Operating income (loss), excluding accelerated depreciation expense
182,189

 
115,284

 
241,621

 
161,061

Effect of change in estimate
$
(4,481
)
 
$
(9,834
)
 
$
(50,145
)
 
$
(18,729
)
 
 
 
 
 
 
 
 
Net income (loss), as reported
$
139,810

 
$
79,433

 
$
135,136

 
$
107,379

Net income (loss), excluding accelerated depreciation expense
145,648

 
89,007

 
183,352

 
126,709

Effect of change in estimate
$
(5,838
)
 
$
(9,574
)
 
$
(48,216
)
 
$
(19,330
)
 
 
 
 
 
 
 
 
Basic earnings (loss) per share, as reported
$
0.49

 
$
0.28

 
$
0.47

 
$
0.38

Diluted earnings (loss) per share, as reported
$
0.48

 
$
0.28

 
$
0.47

 
$
0.37

 
 
 
 
 
 
 
 
Basic earnings (loss) per share, excluding accelerated depreciation expense
$
0.51

 
$
0.31

 
$
0.64

 
$
0.45

Diluted earnings (loss) per share, excluding accelerated depreciation expense
$
0.50

 
$
0.31

 
$
0.63

 
$
0.44

 
 
 
 
 
 
 
 
Effect of change in estimate - basic earnings (loss) per share
$
(0.02
)
 
$
(0.03
)
 
$
(0.17
)
 
$
(0.07
)
Effect of change in estimate - diluted earnings (loss) per share
$
(0.02
)
 
$
(0.03
)
 
$
(0.16
)
 
$
(0.07
)