|
Stock-Based Compensation (Tables)
|
12 Months Ended |
|
Jun. 29, 2013
|
| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
|
| Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block] |
The following tables show total stock-based compensation expense by type of award, and the resulting tax effect, included in the Consolidated Statements of Income for fiscal years 2013, 2012 and 2011:
| | | | | | | | | | | | | | | | | | For the Year Ended | | June 29, 2013 | | Stock Options | | Restricted Stock Units | | Employee Stock Purchase Plan | | Total | | (in thousands) | Cost of goods sold | $ | 1,532 |
| | $ | 8,862 |
| | $ | 2,210 |
| | $ | 12,604 |
| Research and development | 7,230 |
| | 31,475 |
| | 5,441 |
| | 44,146 |
| Selling, general and administrative | 5,331 |
| | 19,523 |
| | 2,204 |
| | 27,058 |
| Pre-tax stock-based compensation expense | $ | 14,093 |
| | $ | 59,860 |
| | $ | 9,855 |
| | $ | 83,808 |
| Less: income tax effect | | | | | | | 14,745 |
| Net stock-based compensation expense | | | | | | | $ | 69,063 |
|
| | | | | | | | | | | | | | | | | | For the Year Ended | | June 30, 2012 | | Stock Options | | Restricted Stock Units | | Employee Stock Purchase Plan | | Total | | (in thousands) | Cost of goods sold | $ | 2,014 |
| | $ | 9,387 |
| | $ | 1,738 |
| | $ | 13,139 |
| Research and development | 7,844 |
| | 35,699 |
| | 5,525 |
| | 49,068 |
| Selling, general and administrative | 6,436 |
| | 19,493 |
| | 1,731 |
| | 27,660 |
| Pre-tax stock-based compensation expense | $ | 16,294 |
| | $ | 64,579 |
| | $ | 8,994 |
| | $ | 89,867 |
| Less: income tax effect | | | | | | | 20,215 |
| Net stock-based compensation expense | | | | | | | $ | 69,652 |
|
| | | | | | | | | | | | | | | | | | For the Year Ended | | June 25, 2011 | | Stock Options | | Restricted Stock Units | | Employee Stock Purchase Plan | | Total | | (in thousands) | Cost of goods sold | $ | 2,625 |
| | $ | 9,819 |
| | $ | 1,557 |
| | $ | 14,001 |
| Research and development | 11,325 |
| | 36,926 |
| | 5,435 |
| | 53,686 |
| Selling, general and administrative | 6,120 |
| | 18,944 |
| | 1,546 |
| | 26,610 |
| Pre-tax stock-based compensation expense | $ | 20,070 |
| | $ | 65,689 |
| | $ | 8,538 |
| | $ | 94,297 |
| Less: income tax effect | | | | | | | 25,457 |
| Net stock-based compensation expense | | | | | | | $ | 68,840 |
|
|
| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] |
The fair value of each award granted in fiscal years 2013, 2012 and 2011 has been estimated at the date of grant using the Black-Scholes option valuation model and the following weighted-average assumptions:
| | | | | | | | | | | Stock Options For the Year Ended | | 6/29/2013 | | 6/30/2012 | | 6/25/2011 | Expected holding period (in years) | 5.3 |
| | 5.1 |
| | 5.2 |
| Risk-free interest rate | 0.7 | % | | 1.2 | % | | 1.7 | % | Expected stock price volatility | 37.7 | % | | 36.9 | % | | 37.1 | % | Dividend yield | 3.3 | % | | 3.2 | % | | 4.2 | % | | | | | | | | ESPP For the Year Ended | | 6/29/2013 | | 6/30/2012 | | 6/25/2011 | Expected holding period (in years) | 0.5 |
| | 0.5 |
| | 0.5 |
| Risk-free interest rate | 0.1 | % | | 0.1 | % | | 0.1 | % | Expected stock price volatility | 24.0 | % | | 25.0 | % | | 24.7 | % | Dividend yield | 3.1 | % | | 3.2 | % | | 3.3 | % |
|
| Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding [Table Text Block] |
The following table summarizes stock options outstanding, exercisable and vested and expected to vest as of June 29, 2013:
| | | | | | | | | | | | | Options | | Weighted Average Remaining Contractual Term (In Years) | | Aggregate Intrinsic Value (1) | | Number of Shares | | Weighted Average Exercise Price | | Balance at June 26, 2010 | 29,162,507 |
| | $27.05 | | | | |
| Options Granted | 3,559,132 |
| | 17.61 | | | | |
| Options Exercised | (1,460,652 | ) | | 17.22 | | | | |
| Options Cancelled | (2,928,501 | ) | | 33.67 | | | | |
| | | | | | | | |
| Balance at June 25, 2011 | 28,332,486 |
| | 25.62 | | | | |
| Options Granted | 3,353,017 |
| | 23.14 | | | | |
| Options Exercised | (2,843,444 | ) | | 16.55 | | | | |
| Options Cancelled | (4,607,065 | ) | | 31.62 | | | | |
| | | | | | | | | Balance at June 30, 2012 | 24,234,994 |
| | 25.20 | | | | | | | | | | | | | Options Granted | 2,788,088 |
| | 27.47 | | | | | Options Exercised | (3,919,847 | ) | | 18.17 | | | | | Options Cancelled | (3,021,896 | ) | | 31.10 | | | | | | | | | | | | | Balance at June 29, 2013 | 20,081,339 |
| | 26.00 | | 3.3 | | $ | 108,826,977 |
| | | | | | | | | Exercisable at June 29, 2013 | 10,640,111 |
| | $29.54 | | 1.8 | | $ | 49,277,850 |
| | | | | | | | | Vested and expected to vest, June 29, 2013 | 19,065,351 |
| | $26.11 | | 3.2 | | $ | 104,361,444 |
|
|
| Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] |
The following table summarizes information about stock options that were outstanding and exercisable at June 29, 2013:
| | | | | | | | | | | | | | | | Outstanding Options | | Options Exercisable | Range of Exercise Prices | | Number Outstanding at June 29, 2013 | | Weighted Average Remaining Contractual Term (In years) | | Weighted Average Exercise Price | | Number Exercisable at June 29, 2013 | | Weighted Average Exercise Price | $12.00 - $20.00 | | 7,152,934 |
| | 3.4 | | $15.85 | | 3,336,951 |
| | $14.24 | $20.01 - $30.00 | | 6,298,270 |
| | 5.4 | | $25.15 | | 781,333 |
| | $25.29 | $30.01 - $40.00 | | 4,410,061 |
| | 1.4 | | $35.20 | | 4,301,753 |
| | $35.29 | $40.01 - $51.00 | | 2,220,074 |
| | 1.2 | | $42.90 | | 2,220,074 |
| | $42.90 | | | 20,081,339 |
| | | | | | 10,640,111 |
| | |
|
| Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested and Expected to Vest [Table Text Block] |
The following table summarizes outstanding and expected to vest RSUs as of June 29, 2013 and their activity during fiscal years 2013, 2012 and 2011:
| | | | | | | | | | | Number of Shares | | Weighted Average Remaining Contractual Term (In Years) | | Aggregate Intrinsic Value (1) | Balance at June 26, 2010 | 10,575,417 |
| | | | |
| Restricted stock units granted | 4,171,372 |
| | | | |
| Restricted stock units released | (3,922,768 | ) | | | | |
| Restricted stock units cancelled | (823,283 | ) | | | | |
| | | | | | | Balance at June 25, 2011 | 10,000,738 |
| | | | | Restricted stock units granted | 3,645,864 |
| | | | | Restricted stock units released | (3,433,989 | ) | | | | | Restricted stock units cancelled | (1,289,159 | ) | | | | | | | | | | | Balance at June 30, 2012 | 8,923,454 |
| | | | | | | | | | | Restricted stock units granted | 3,074,466 |
| | | | | Restricted stock units released | (3,097,369 | ) | | | | | Restricted stock units cancelled | (935,019 | ) | | | | | | | | | | | Balance at June 29, 2013 | 7,965,532 |
| | 2.6 | | $ | 227,785,157 |
| | | | | | | Expected to vest at June 29, 2013 | 7,102,927 |
| | 2.6 | | $ | 200,799,758 |
|
|