Stockholders' Equity

6 Months Ended

Jan. 01, 2017

Stockholders' Equity [Abstract]

Stockholders' Equity

8. Stockholders’ Equity

Stock Repurchase

The Analog Merger Agreement restricts the ability of the Company to repurchase shares of its common stock until the time that the transaction is consummated or the Analog Merger Agreement is terminated.

 For the majority of restricted stock awards and units granted, the number of shares issued on the date the restricted stock awards and units vest is net of the minimum statutory tax withholding requirements that the Company pays in cash to the appropriate taxing authorities on behalf of its employees. During the quarter ended January 1, 2017, the Company repurchased approximately 0.2 million shares related to equity grants of its common stock for approximately $9.2 million.

Dividends

A cash dividend of $0.33 per share will be paid on March 7, 2017 to stockholders of record on  February 24, 2017,  unless the close of the Analog Acquisition proceeds that date.  During the six months ended January 1, 2017, the Company paid $157.3 million in dividends representing $0.64 per share.  The payment of future dividends will be based on the Company's financial performance.