Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
6 Months Ended |
Dec. 26, 2015 |
Dec. 27, 2014 |
| Cash flows from operating activities: |
|
|
| Net income |
$ (4,674)
|
$ 27,946
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Stock-based compensation |
35,382
|
43,196
|
| Depreciation and amortization |
151,135
|
135,318
|
| Deferred taxes |
(34,295)
|
(24,642)
|
| Loss on sale of property, plant and equipment |
(5,863)
|
2,088
|
| Tax benefit (shortfall) related to stock-based compensation plans |
3,173
|
1,381
|
| Impairment of Long-Lived Assets to be Disposed of |
159,647
|
60,971
|
| Goodwill and Intangible Asset Impairment |
0
|
93,010
|
| Excess tax benefit related to stock-based compensation |
(6,169)
|
(4,180)
|
| Changes in assets and liabilities: |
|
|
| Accounts receivable |
47,664
|
37,322
|
| Inventories |
13,644
|
(17,136)
|
| Other current assets and income tax refund receivable |
3,878
|
(23,965)
|
| Accounts payable |
(17,435)
|
(7,552)
|
| Income taxes payable |
7,252
|
546
|
| Deferred income on shipments to distributors |
1,740
|
1,369
|
| All other accrued liabilities |
(55,251)
|
(35,820)
|
| Net cash provided by operating activities |
299,828
|
289,852
|
| Cash flows from investing activities: |
|
|
| Purchase of property, plant and equipment |
(29,351)
|
(50,271)
|
| Proceeds from sale of property, plant, and equipment |
50,315
|
24,679
|
| Payments to Acquire Available-for-sale Securities |
(50,087)
|
(25,142)
|
| Payments to Acquire Investments |
(7,008)
|
0
|
| Payments for (Proceeds from) Other Investing Activities |
2,380
|
0
|
| Net cash used in investing activities |
(33,751)
|
(50,734)
|
| Cash flows from financing activities: |
|
|
| Excess tax benefit related to stock-based compensation |
6,169
|
4,180
|
| Repayment of notes payable |
0
|
(437)
|
| Net issuance of restricted stock units |
(12,544)
|
(14,860)
|
| Proceeds from stock options exercised |
57,447
|
18,027
|
| Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options |
14,350
|
18,653
|
| Repurchase of common stock |
(62,847)
|
(122,351)
|
| Dividends paid |
(171,099)
|
(158,932)
|
| Net cash used in financing activities |
(168,524)
|
(255,720)
|
| Net decrease in cash and cash equivalents |
97,553
|
(16,602)
|
| Cash and cash equivalents: |
|
|
| Beginning of period |
1,550,965
|
1,322,472
|
| End of period |
1,648,518
|
1,305,870
|
| Supplemental disclosures of cash flow information: |
|
|
| Cash paid (refunded), net during the period for income taxes |
24,520
|
21,283
|
| Cash paid for interest |
14,693
|
14,712
|
| Noncash investing and financing activities: |
|
|
| Accounts payable related to property, plant, and equipment purchases |
$ 8,179
|
$ 2,476
|