XML 43 R31.htm IDEA: XBRL DOCUMENT v3.7.0.1
Restructuring Activities (Tables)
 9 Months Ended
Mar. 25, 2017
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs [Table Text Block]
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 25, 2017:

 
Balance, June 25, 2016
 
Nine Months Ended
March 25, 2017
 
Balance, March 25, 2017
 
Charges
 
Cash Payments
 
Change in Estimates
 
 
(in thousands)
Severance - All plans (1)
$
7,578

 
$
11,912

 
$
(13,829
)
 
$
(633
)
 
$
5,028


(1)
Charges and change in estimates are included in Severance and restructuring expenses in the accompanying Condensed Consolidated Statements of Income.
Schedule of Change in Accounting Estimate [Table Text Block]
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 (loss) per share as presented in the table below.

 
Three Months Ended
 
Nine Months Ended
 
March 25,
2017
 
March 26,
2016
 
March 25,
2017
 
March 26,
2016
 
(in thousands, except per share data)
Operating income (loss), as reported
$
174,252

 
$
177,708

 
$
495,399

 
$
191,476

Operating income (loss), excluding accelerated depreciation expense
175,355

 
182,189

 
499,624

 
241,621

Effect of change in estimate
$
(1,103
)
 
$
(4,481
)
 
$
(4,225
)
 
$
(50,145
)
 
 
 
 
 
 
 
 
Net income (loss), as reported
$
140,213

 
$
139,810

 
$
408,304

 
$
135,136

Net income (loss), excluding accelerated depreciation expense
141,121

 
145,648

 
412,051

 
183,352

Effect of change in estimate
$
(908
)
 
$
(5,838
)
 
$
(3,747
)
 
$
(48,216
)
 
 
 
 
 
 
 
 
Basic earnings (loss) per share, as reported
$
0.50

 
$
0.49

 
$
1.44

 
$
0.47

Diluted earnings (loss) per share, as reported
$
0.49

 
$
0.48

 
$
1.42

 
$
0.47

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

 
$
0.51

 
$
1.45

 
$
0.64

Diluted earnings (loss) per share, excluding accelerated depreciation expense
$
0.49

 
$
0.50

 
$
1.43

 
$
0.63

 
 
 
 
 
 
 
 
Effect of change in estimate - basic earnings (loss) per share
$
—

 
$
(0.02
)
 
$
(0.01
)
 
$
(0.17
)
Effect of change in estimate - diluted earnings (loss) per share
$
—

 
$
(0.02
)
 
$
(0.01
)
 
$
(0.16
)