Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Jun. 27, 2020

Jun. 29, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Table Text Block]

	Quarter Ended
Fiscal Year 2020	June 27, 2020			March 28, 2020			December 28, 2019			September 28, 2019
	(in thousands, except percentages and per share data)
Net revenues	$	545,369		$	561,916		$	551,070		$	533,040
Cost of goods sold	183,001			195,479			190,546			189,717
Gross margin	$	362,368		$	366,437		$	360,524		$	343,323
Gross margin %	66.4		%	65.2		%	65.4		%	64.4		%
Operating income	$	177,987		$	183,347		$	169,056		$	156,004
% of net revenues	32.6		%	32.6		%	30.7		%	29.3		%
Net income (1)	$	207,298		$	161,190		$	146,050		$	140,156
Earnings per share:
Basic	$	0.78		$	0.60		$	0.54		$	0.52
Diluted	$	0.77		$	0.59		$	0.53		$	0.51
Shares used in the calculation of earnings per share:
Basic	266,639			269,003			270,330			271,388
Diluted	268,777			271,579			273,269			274,436
Dividends declared and paid per share	$	0.48		$	0.48		$	0.48		$	0.48

	Quarter Ended
Fiscal Year 2020	June 27, 2020			March 28, 2020			December 28, 2019			September 28, 2019
	(in thousands, except percentages and per share data)
Net revenues	$	545,369		$	561,916		$	551,070		$	533,040
Cost of goods sold	183,001			195,479			190,546			189,717
Gross margin	$	362,368		$	366,437		$	360,524		$	343,323
Gross margin %	66.4		%	65.2		%	65.4		%	64.4		%
Operating income	$	177,987		$	183,347		$	169,056		$	156,004
% of net revenues	32.6		%	32.6		%	30.7		%	29.3		%
Net income (1)	$	207,298		$	161,190		$	146,050		$	140,156
Earnings per share:
Basic	$	0.78		$	0.60		$	0.54		$	0.52
Diluted	$	0.77		$	0.59		$	0.53		$	0.51
Shares used in the calculation of earnings per share:
Basic	266,639			269,003			270,330			271,388
Diluted	268,777			271,579			273,269			274,436
Dividends declared and paid per share	$	0.48		$	0.48		$	0.48		$	0.48

(1) The fiscal quarter ended June 27, 2020 includes $51.2 million of net income from the release of uncertain tax position and related interest reserves and a $6.5 million Transition Tax charge. For details, refer to Note 17: "Income Taxes".

	Quarter Ended
Fiscal Year 2019	June 29, 2019			March 30, 2019			December 29, 2018			September 29, 2018
	(in thousands, except percentages and per share data)
Net revenues	$	556,545		$	542,383		$	576,906		$	638,495
Cost of goods sold	200,154			201,552			203,858			208,259
Gross margin	$	356,391		$	340,831		$	373,048		$	430,236
Gross margin %	64.0		%	62.8		%	64.7		%	67.4		%
Operating income	$	173,571		$	157,140		$	182,204		$	234,183
% of net revenues	31.2		%	29.0		%	31.6		%	36.7		%
Net income (1)	$	367,558		$	130,613		$	131,892		$	197,423
Earnings per share:
Basic	$	1.35		$	0.48		$	0.48		$	0.71
Diluted	$	1.33		$	0.47		$	0.47		$	0.70
Weighted-average shares used in the calculation of earnings per share:
Basic	272,382			273,221			276,252			278,045
Diluted	275,834			276,610			280,008			282,454
Dividends declared and paid per share	$	0.46		$	0.46		$	0.46		$	0.46

(1)

The fiscal quarter ended June 29, 2019 includes $251.6 million of net income from the release of uncertain tax position and related interest reserves and a $47.7 million Transition Tax charge. The fiscal quarter ended December 29, 2018 includes a $22.1 million Transition Tax charge. For details, refer to Note 17: "Income Taxes".