XML 61 R19.htm IDEA: XBRL DOCUMENT
v3.3.0.814

STOCK REPURCHASE PROGRAM | 3 Months Ended
--- | ---
Sep. 27, 2015
STOCK REPURCHASE PROGRAM | NOTE 13 — STOCK REPURCHASE PROGRAM On April 29, 2014, the Board of Directors authorized the repurchase of up to $850 million of Common Stock. These repurchases can be conducted on the open market or as private purchases and may include the use of derivative contracts with large financial institutions, in all cases subject to compliance with applicable law. Repurchases will be funded using the Company’s on-shore cash and on-shore cash generation. This repurchase program has no termination date and may be suspended or discontinued at any time. Repurchases under the repurchase program were as follows during the periods indicated:
Period |  | Total Number of Shares Repurchased |  |  | Total Cost of Repurchase |  |  | Average Price Paid Per Share |  |  | Amount Available Under Repurchase Program |
|  | (in thousands, except per share data) |
Available balance as of June 28, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 316,587 |
Quarter ended September 27, 2015 |  |  | 1,205 |  |  | $ | 87,493 |  |  | $ | 72.61 |  |  | $ | 229,094 |
In addition to shares repurchased under the Board-authorized repurchase program shown above, during the three months ended September 27, 2015, the Company acquired 208,624 shares at a total cost of $15.3 million, which the Company withheld through net share settlements to cover minimum tax withholding obligations upon the vesting of restricted stock unit awards granted under the Company’s equity compensation plans. The shares retained by the Company through these net share settlements are not a part of the Board-authorized repurchase program but instead are authorized under the Company’s equity compensation plan.

X
- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References No definition available. + Details
Name: | us-gaap_TreasuryStockTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration