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Stock-Based Compensation (Tables)
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12 Months Ended |
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Jun. 24, 2012
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| Share-based Compensation [Abstract] |
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| Summary of Outstanding Option Awards |
The following table summarizes option activity as of June 24, 2012 and changes during the fiscal year then ended (total and shares in thousands): | | | | | | | | | | | | | |
| Number of Shares |
| Weighted-Average Exercise price |
| Weighted Average Remaining Contractual Term |
| Total Intrinsic Value | Outstanding at June 26, 2011 | 6,467 |
| | $ | 39.56 |
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| Granted | 3,139 |
| | 30.56 |
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| Exercised | (217 | ) | | 23.12 |
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| Forfeited or expired | (589 | ) | | 40.28 |
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| Outstanding at June 24, 2012 | 8,800 |
| | $ | 36.71 |
| | 4.71 | | $ | 3,704 |
| Vested and expected to vest at June 24, 2012 | 8,646 |
| | $ | 36.75 |
| | 4.69 | | $ | 3,697 |
| Exercisable at June 24, 2012 | 3,760 |
| | $ | 34.69 |
| | 3.46 | | $ | 3,599 |
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| Summary of Stock Options Outstanding and Exercisable |
The following table summarizes information about stock options outstanding and exercisable at June 24, 2012 (shares in thousands): | | | | | | | | | | | | | | | | | | Options Outstanding |
| Options Exercisable | Range of Exercise Price | Number |
| Weighted Average Remaining Contractual Life (Years) |
| Weighted Average Exercise Price |
| Number |
| Weighted Average Exercise Price | $0.01 to $30.33 | 1,886 |
| | 2.91 | | $ | 23.46 |
| | 1,659 |
| | $ | 23.24 |
| 30.34 to 30.92 | 2,581 |
| | 6.19 | | 30.92 |
| | 1 |
| | 30.92 |
| 30.93 to 35.89 | 2,055 |
| | 4.05 | | 34.90 |
| | 1,242 |
| | 35.04 |
| 35.90 to 53.49 | 237 |
| | 5.32 | | 48.24 |
| | 95 |
| | 48.00 |
| 53.50 to 75.55 | 2,041 |
| | 5.11 | | 56.74 |
| | 763 |
| | 57.36 |
| Total | 8,800 |
| | 4.71 | | $ | 36.71 |
| | 3,760 |
| | $ | 34.69 |
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| Schedule of Other Information Pertaining to Stock-Based Awards of Options |
Other information pertaining to the Company's stock option awards is as follows (in thousands, except per share data): | | | | | | | | | | | | | | Fiscal Years Ended | | June 24,
2012 | | June 26,
2011 | | June 27,
2010 | Weighted average grant date fair value per share of options | $ | 11.67 |
| | $ | 22.83 |
| | $ | 14.58 |
| Total intrinsic value of options exercised | $ | 1,605 |
| | $ | 40,042 |
| | $ | 118,162 |
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| Summary of Nonvested Shares of Restricted Stock and Stock Unit Awards Outstanding Under the Company's 2004 Long-Term Incentive Compensation Plan |
A summary of non-vested shares of restricted stock and stock unit awards (“RSAs” and “RSUs”) outstanding under the Company’s 2004 Long-Term Incentive Compensation Plan as of June 24, 2012 and changes during the year then ended is as follows (in thousands, except per share data): | | | | | | | | | Number of Shares/Units | | Weighted-Average Grant-Date Fair Value | Nonvested at June 26, 2011 | 509 |
| | $ | 40.87 |
| Granted | 238 |
| | 30.69 |
| Vested | (184 | ) | | 38.63 |
| Forfeited | (46 | ) | | 36.05 |
| Nonvested at June 24, 2012 | 517 |
| | $ | 37.41 |
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| Total Stock-Based Compensation Expense |
Total stock-based compensation expense was as follows (in thousands): | | | | | | | | | | | | | | Fiscal Years Ended | Income Statement Classification: | June 24,
2012 | | June 26,
2011 | | June 27,
2010 | Cost of goods sold | $ | 7,713 |
| | $ | 5,454 |
| | $ | 3,091 |
| Research and development | 10,378 |
| | 8,388 |
| | 5,040 |
| Sales, general and administrative | 28,302 |
| | 24,398 |
| | 15,936 |
| Total operating expenses | 38,680 |
| | 32,786 |
| | 20,976 |
| Total | $ | 46,393 |
| | $ | 38,240 |
| | $ | 24,067 |
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| Schedule of Weighted Average Assumptions Utilized to Value Stock Option Grants |
The weighted average assumptions used to value stock option grants were as follows: | | | | | | | | | | | Fiscal Years Ended | Stock Option Grants: | June 24,
2012 | | June 26,
2011 | | June 27,
2010 | Risk-free interest rate | 0.47 | % | | 0.95 | % | | 1.76 | % | Expected life, in years | 3.63 |
| | 3.5 |
| | 3.7 |
| Expected volatility | 51.7 | % | | 56.7 | % | | 48.4 | % | Dividend Yield | — |
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| | — |
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