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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Jun. 26, 2021
Mar. 27, 2021
Dec. 26, 2020
Sep. 26, 2020
Jun. 27, 2020
Mar. 28, 2020
Dec. 28, 2019
Sep. 28, 2019
Jun. 26, 2021
Jun. 27, 2020
Jun. 29, 2019
Revenues $ 719,855 $ 665,029 $ 628,288 $ 619,357 $ 545,369 $ 561,916 $ 551,070 $ 533,040 $ 2,632,529 $ 2,191,395 $ 2,314,329
Cost of Revenue 235,830 222,144 211,866 202,343 183,001 195,479 190,546 189,717 872,183 758,743 813,823
Gross margin  484,025 442,885 416,422 417,014 362,368 366,437 360,524 343,323 1,760,346 1,432,652 1,500,506
Severance and restructuring expenses                 13,434 5,363 5,632
Intangible asset amortization                 3,554 3,078 3,041
Asset Impairment Charges                 0 0 753
Research and Development Expense                 454,330 440,166 435,222
Selling, General and Administrative Expense                 320,722 296,722 308,617
Other Operating Income                 22,606 929 143
Operating Expenses                 814,646 746,258 753,408
Operating income (loss) 283,337 247,264 213,665 201,434 177,987 183,347 169,056 156,004 945,700 686,394 747,098
Other Nonoperating Income (Expense)                 (15,964) (8,298) 7,323
Total                 929,736 678,096 754,421
Provision for income taxes                 102,475 23,402 (73,065)
Net income 253,739 $ 220,063 $ 183,945 $ 169,514 $ 207,298 $ 161,190 $ 146,050 $ 140,156 827,261 $ 654,694 $ 827,486
Unrecognized Tax Benefits that Would Impact Effective Tax Rate $ 119,400               $ 119,400    
Earnings per share:                      
Basic net income per share $ 0.95 $ 0.82 $ 0.69 $ 0.64 $ 0.78 $ 0.60 $ 0.54 $ 0.52 $ 3.09 $ 2.43 $ 3.01
Diluted net income per share $ 0.93 $ 0.81 $ 0.68 $ 0.63 $ 0.77 $ 0.59 $ 0.53 $ 0.51 $ 3.05 $ 2.41 $ 2.97
Shares used in the calculation of earnings per share:                      
Weighted Average Number of Shares Outstanding, Basic 268,160 267,892 267,299 266,831 266,639 269,003 270,330 271,388 267,546 269,341 274,966
Diluted 271,445 271,396 270,792 269,529 268,777 271,579 273,269 274,436 270,872 272,028 278,777