Income Taxes (Tables)

12 Months Ended

Jun. 30, 2018

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

Pretax income (loss) is as follows:



	For the Year Ended
	June 30, 2018		June 24, 2017		June 25, 2016
	(in thousands)
Domestic pre-tax income (loss)	$	149,056	$	154,628	$	(48,985	)
Foreign pre-tax income (loss)	675,829		524,961		334,039
Total	$	824,885	$	679,589	$	285,054

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision for income taxes consisted of the following:



	For the Year Ended
	June 30, 2018		June 24, 2017			June 25, 2016
	(in thousands)
Federal
Current	$	318,288	$	107,303		$	98,810
Deferred	25,769		(8,171		)	(52,240		)
State
Current	117		(361		)	1,808
Deferred	1,325		(436		)	(2,406		)
Foreign
Current	11,450		8,930			10,278
Deferred	618		711			1,329
Total provision for income taxes	$	357,567	$	107,976		$	57,579

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation of the Company's Federal statutory tax rate to the Company's effective tax rate is as follows:



	For the Year Ended
	June 30, 2018		June 24, 2017		June 25, 2016

Federal statutory rate	28.1	%	35.0	%	35.0	%
State tax, net of federal benefit	0.2		(0.2	)	(0.6	)
General business credits	(0.8	)	(1.3	)	(2.8	)
Effect of foreign operations	(16.7	)	(20.2	)	(21.7	)
Stock-based compensation	0.4		0.1		4.7
Interest accrual for unrecognized tax benefits	2.1		2.1		3.2
Non-deductible goodwill	—		—		2.5
Provisional Transition Tax	28.7		—		—
Deferred tax remeasurement	1.6		—		—
Other	(0.3	)	0.4		(0.1	)
Effective tax rate	43.3	%	15.9	%	20.2	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The components of the Company's deferred tax assets and liabilities are as follows:



	For the Year Ended
	June 30, 2018			June 24, 2017
	(in thousands)
Deferred tax assets:
Distributor related accruals and sales return and allowance accruals	$	3,855		$	10,746
Accrued compensation	8,361			36,630
Stock-based compensation	10,071			14,919
Net operating loss carryovers	40,989			45,743
Tax credit carryovers	90,968			71,231
Other reserves and accruals not currently deductible for tax purposes	29,903			50,126
Other	4,707			5,179
Total deferred tax assets	188,854			234,574

Deferred tax liabilities:
Fixed assets and intangible assets cost recovery, net	(52,704		)	(66,355		)
Unremitted earnings of foreign subsidiaries	(1,532		)	(13,703		)
Other	(2,553		)	(3,296		)
Total deferred tax liabilities	(56,789		)	(83,354		)

Net deferred tax assets /(liabilities) before valuation allowance	132,065			151,220
Valuation allowance	(128,128		)	(110,411		)
Net deferred tax assets/(liabilities)	$	3,937		$	40,809

Summary of Income Tax Contingencies [Table Text Block]

A reconciliation of the change in gross unrecognized tax benefits, excluding interest, penalties and the federal benefit for state unrecognized tax benefits, is as follows:



	For the Year Ended
	June 30, 2018			June 24, 2017			June 25, 2016
	(in thousands)
Balance as of beginning of year	$	539,569		$	482,745		$	427,629
Tax positions related to current year:
Addition	48,646			57,791			53,899
Tax positions related to prior year:
Addition	3,806			1,059			3,035
Reduction	—			(1,410		)	(205		)
Settlements	—			—			(943		)
Lapses in statutes of limitations	(563		)	(616		)	(670		)
Balance as of end of year	$	591,458		$	539,569		$	482,745

Summary of Income Tax Examinations [Table Text Block]

A summary of the fiscal tax years that remain subject to examination, as of June 30, 2018, for the Company's major tax jurisdictions are as follows:



United States - Federal	2009	-	Forward
United States - Various States	2009	-	Forward
Ireland	2014	-	Forward
Philippines	2015	-	Forward
Singapore	2014	-	Forward
United Kingdom	2012	-	Forward