XML 46 R29.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Equity-Based Compensation Plans (Tables) | 12 Months Ended
--- | ---
Jun. 26, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Recognized Equity Based Compensation Expenses and Benefits | The Company recognized the following equity-based compensation expense and benefits in the Consolidated Statements of Operations:
| Year Ended
June 26, 2016 |  | June 28, 2015 |  | June 29, 2014
| (in thousands)
Equity-based compensation expense | $ | 142,348 |  |  | $ | 135,354 |  |  | $ | 103,700 |
Income tax benefit recognized related to equity-based compensation | $ | 37,814 |  |  | $ | 23,660 |  |  | $ | 16,937 |
Income tax benefit realized from the exercise and vesting of options and RSUs | $ | 67,756 |  |  | $ | 40,401 |  |  | $ | 31,993 |
Summary of Stock Plan Transactions | A summary of stock plan transactions is as follows:
| Options Outstanding |  | Restricted Stock Units Outstanding
Number of Shares |  | Weighted-Average Exercise Price |  | Number of Shares |  | Weighted-Average Fair Market Value at Grant
June 30, 2013 | 2,570,923 |  |  | $ | 26.87 |  |  | 4,841,796 |  |  | $ | 39.32 |
Granted | 166,455 |  |  | $ | 51.76 |  |  | 2,811,602 |  |  | $ | 53.21 |
Exercised | (1,403,019 | ) |  | $ | 24.75 |  |  | N/A |  |  | N/A |
Canceled | (2,473 | ) |  | $ | 30.21 |  |  | (281,476 | ) |  | $ | 41.16 |
Vested restricted stock | N/A |  |  | N/A |  |  | (1,736,453 | ) |  | $ | 40.39 |
June 29, 2014 | 1,331,886 |  |  | $ | 32.20 |  |  | 5,635,469 |  |  | $ | 45.83 |
Granted | 76,659 |  |  | $ | 80.60 |  |  | 1,804,937 |  |  | $ | 79.74 |
Exercised | (564,558 | ) |  | $ | 31.05 |  |  | N/A |  |  | N/A |
Canceled | (8,155 | ) |  | $ | 29.32 |  |  | (174,879 | ) |  | $ | 50.16 |
Vested restricted stock | N/A |  |  | N/A |  |  | (2,311,439 | ) |  | $ | 41.17 |
June 28, 2015 | 835,832 |  |  | $ | 37.44 |  |  | 4,954,088 |  |  | $ | 60.13 |
Granted | 196,167 |  |  | $ | 75.57 |  |  | 2,230,851 |  |  | $ | 71.87 |
Exercised | (123,726 | ) |  | $ | 24.92 |  |  | N/A |  |  | N/A |
Canceled | (862 | ) |  | $ | 21.43 |  |  | (110,131 | ) |  | $ | 69.17 |
Vested restricted stock | N/A |  |  | N/A |  |  | (2,739,704 | ) |  | $ | 54.04 |
June 26, 2016 | 907,411 |  |  | $ | 47.41 |  |  | 4,335,104 |  |  | $ | 69.30 |
Outstanding and Exercisable Options by Price Range | Outstanding and exercisable options presented by price range at June 26, 2016 were as follows:
Range of Exercise Prices | Options Outstanding |  | Options Exercisable
Number of Options Outstanding |  | Weighted-Average Remaining Life (Years) |  | Weighted-Average Exercise Price |  | Number of Options Exercisable |  | Weighted-Average Exercise Price
$9.44-$19.05 | 112,372 |  |  | 0.30 |  | $ | 13.18 |  |  | 112,372 |  |  | $ | 13.18 |
$21.28-$23.59 | 40,623 |  |  | 0.17 |  | $ | 21.88 |  |  | 40,623 |  |  | $ | 21.88 |
$26.87-$29.68 | 147,427 |  |  | 0.50 |  | $ | 29.24 |  |  | 147,427 |  |  | $ | 29.24 |
$32.04-$35.68 | 27,795 |  |  | 0.15 |  | $ | 33.02 |  |  | 27,795 |  |  | $ | 33.02 |
$42.61-$80.60 | 579,194 |  |  | 3.31 |  | $ | 61.16 |  |  | 294,929 |  |  | $ | 49.38 |
$9.44-$80.60 | 907,411 |  |  | 4.43 |  | $ | 47.41 |  |  | 623,146 |  |  | $ | 35.56 |
Schedule of Stock Options Weighted Average Assumptions | The fair value of the Company’s stock options granted during fiscal years 2016, 2015, and 2014, was estimated using a Black-Scholes option valuation model. This model requires the input of highly subjective assumptions, including expected stock price volatility and the estimated life of each award:
| Year Ended
June 26, 2016 |  | June 28, 2015 |  | June 29, 2014
Expected volatility | 33.08 | % |  | 34.45 | % |  | 35.28 | %
Risk-free interest rate | 1.27 | % |  | 1.46 | % |  | 1.39 | %
Expected term (years) | 4.79 |  |  | 4.80 |  |  | 4.78 |
Dividend yield | 1.59 | % |  | 0.89 | % |  | — |
Intrinsic Value of Stock Options | The year-end intrinsic value relating to stock options for fiscal years 2016, 2015, and 2014 is presented below:
| Year Ended
June 26, 2016 |  | June 28, 2015 |  | June 29, 2014
| (in thousands)
Intrinsic value - options outstanding | $ | 31,643 |  |  | $ | 37,961 |  |  | $ | 46,283 |
Intrinsic value - options exercisable | $ | 29,112 |  |  | $ | 33,360 |  |  | $ | 31,653 |
Intrinsic value - options exercised | $ | 6,562 |  |  | $ | 26,806 |  |  | $ | 41,379 |
Schedule of Market-Based Performance Restricted Stock Units Weighted Average Assumptions | The fair value of the Company’s market-based PRSUs granted during fiscal years 2016, 2015 and 2014, was calculated using a Monte Carlo simulation model at the date of the grant. This model requires the input of highly subjective assumptions, including expected stock price volatility and the estimated life of each award:
| Year Ended
June 26, 2016 |  | June 28, 2015 |  | June 29, 2014
Expected volatility | 29.81 | % |  | 27.93 | % |  | 29.27 | %
Risk-free interest rate | 0.97 | % |  | 1.05 | % |  | 0.55 | %
Expected term (years) | 2.92 |  |  | 2.98 |  |  | 2.67 |
Dividend yield | 1.59 | % |  | 0.89 | % |  | — |
Schedule of ESPP Weighted-Average Assumptions | During fiscal years 2016, 2015, and 2014, the 1999 ESPP was valued using the following weighted-average assumptions:
| Year Ended
June 26, 2016 |  | June 28, 2015 |  | June 29, 2014
Expected term (years) | 0.67 |  |  | 0.67 |  |  | 0.68 |
Expected stock price volatility | 35.48 | % |  | 27.60 | % |  | 30.24 | %
Risk-free interest rate | 0.29 | % |  | 0.07 | % |  | 0.07 | %
Dividend Yield | 1.18 | % |  | 0.69 | % |  | — |

X
- Definition Schedule of Share Based Payment Award, Restricted Stock Units, Valuation Assumptions [Table Text Block] + References No definition available. + Details
Name: | lrcx_ScheduleOfShareBasedPaymentAwardRestrictedStockUnitsValuationAssumptionsTableTextBlock
Namespace Prefix: | lrcx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 14.F) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 -Section F + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of share-based compensation plans that may be presented in a single table for outstanding, vested and expected to vest, and exercisable awards. The information that may be disclosed in this table may include, but is not limited to, number of shares, weighted average exercise price, weighted average remaining contractual life, and aggregate intrinsic value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardEmployeeStockPurchasePlanValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number of fully vested share options (or share units) and share options expected to vest at the date of the latest statement of financial position, weighted-average exercise price (or conversion ratio), aggregate intrinsic value (except for nonpublic entities), and weighted-average remaining contractual term for both options (or share units) currently outstanding and options (or share units) exercisable (or convertible). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAndExercisableTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration