Stock-Based Compensation (Tables)

6 Months Ended

Dec. 30, 2017

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

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]

The following tables show total stock-based compensation expense by type of award, and the resulting tax effect, included in the Condensed Consolidated Statements of Income for the three and six months ended December 30, 2017 and December 24, 2016, respectively:

	Three Months Ended
	December 30, 2017								December 24, 2016
	Stock Options		Restricted Stock Units		Employee Stock Purchase Plan		Total		Stock Options		Restricted Stock Units		Employee Stock Purchase Plan		Total
	(in thousands)
Cost of goods sold	$	75	$	1,944	$	467	$	2,486	$	155	$	1,756	$	512	$	2,423
Research and development	185		8,898		1,033		10,116		620		7,995		1,068		9,683
Selling, general and administrative	222		7,656		558		8,436		177		5,261		529		5,967
Pre-tax stock-based compensation expense	$	482	$	18,498	$	2,058	$	21,038	$	952	$	15,012	$	2,109	$	18,073
Less: income tax effect							1,887								2,825
Net stock-based compensation expense							$	19,151							$	15,248

	Six Months Ended
	December 30, 2017								December 24, 2016
	Stock Options		Restricted Stock Units		Employee Stock Purchase Plan		Total		Stock Options		Restricted Stock Units		Employee Stock Purchase Plan		Total
	(in thousands)
Cost of goods sold	$	161	$	3,780	$	946	$	4,887	$	335	$	3,339	$	996	$	4,670
Research and development	493		15,487		2,003		17,983		843		14,692		2,285		17,820
Selling, general and administrative	585		13,786		1,086		15,457		819		10,737		1,147		12,703
Pre-tax stock-based compensation expense	$	1,239	$	33,053	$	4,035	$	38,327	$	1,997	$	28,768	$	4,428	$	35,193
Less: income tax effect							4,777								5,892
Net stock-based compensation expense							$	33,550							$	29,301

Share-based Compensation Arrangements by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding [Table Text Block]

The following table summarizes outstanding, exercisable and vested and expected to vest stock options as of December 30, 2017 and their activity for the six months ended December 30, 2017:

	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (1)
Balance at June 24, 2017	2,800,007		$	26.92
Options Granted	—		$	—
Options Exercised	(736,768	)	$	25.35
Options Cancelled	(21,591	)	$	25.65
Balance at December 30, 2017	2,041,648		$	27.50	2.3	$	50,968,262
Exercisable, December 30, 2017	2,026,132		$	27.46	2.2	$	50,643,099
Vested and expected to vest, December 30, 2017	2,041,136		$	27.49	2.2	$	50,957,420

(1) Aggregate intrinsic value represents the difference between the exercise price and the closing price per share of the Company’s common stock on December 29, 2017, the last business day preceding the fiscal quarter-end, multiplied by the number of options outstanding, exercisable or vested and expected to vest as of December 30, 2017.

Share-based Compensation Arrangements by Share-based Payment Award, Restricted Stock Units, Vested and Expected to Vest [Table Text Block]

The following table summarizes the outstanding and expected to vest RSUs and other awards as of December 30, 2017 and their activity during the six months ended December 30, 2017:

	Number of Shares		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (1)
Balance at June 24, 2017	5,942,123
Restricted stock units and other awards granted	1,607,542
Restricted stock units and other awards released	(752,212	)
Restricted stock units and other awards cancelled	(356,167	)
Balance at December 30, 2017	6,441,286		2.9	$	339,132,496
Outstanding and expected to vest, December 30, 2017	5,305,015		2.8	$	278,301,106

(1) Aggregate intrinsic value for RSUs and other awards represents the closing price per share of the Company’s common stock on December 29, 2017, the last business day preceding the fiscal quarter-end, multiplied by the number of RSUs outstanding or expected to vest as of December 30, 2017.

Share-based Compensation Arrangements by Share-based Payment Award, Performance-Based Units, Vested and Expected to Vest [Table Text Block]

The following table summarizes the number of MSUs outstanding and expected to vest as of December 30, 2017 and their activity during the six months ended December 30, 2017:

	Number of Shares		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (1)
Balance at June 24, 2017	818,028
Market stock units granted	292,336
Market stock units released	—
Market stock units cancelled	(5,140	)
Balance at December 30, 2017	1,105,224		3.0	$	57,980,051
Outstanding and expected to vest, December 30, 2017	433,872		2.9	$	22,760,921

(1) Aggregate intrinsic value for MSUs represents the closing price per share of the Company’s common stock on December 29, 2017, the last business day preceding the fiscal quarter-end, multiplied by the number of MSUs outstanding or expected to vest as of December 30, 2017.

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]

The fair value of ESPP rights granted to employees has been estimated at the date of grant using the Black-Scholes option valuation model using the following assumptions for the offering periods outstanding:

	ESPP		ESPP
	Three Months Ended		Six Months Ended
	December 30, 2017	December 24, 2016	December 30, 2017	December 24, 2016
Expected holding period (in years)	0.5 years	0.5 years	0.5 years	0.5 years
Risk-free interest rate	0.8% - 1.5%	0.5% - 0.7%	0.8% - 1.5%	0.5% - 0.7%
Expected stock price volatility	19.1% - 24.7%	22.1% - 30.4%	19.1% - 24.7%	22.1% - 30.4%
Dividend yield	3.0% - 3.4%	3.4% - 3.6%	3.0% - 3.4%	3.4% - 3.6%