XML 42 R30.htm IDEA: XBRL DOCUMENT
v3.3.1.900

LONG-TERM DEBT AND OTHER BORROWINGS (Tables) | 6 Months Ended
--- | ---
Dec. 27, 2015
Debt Disclosure [Abstract] |
Components of Convertible Notes | As of December 27, 2015 and June 28, 2015, the Convertible Notes consisted of the following:
| December 27, 2015 |  | June 28, 2015
2016 Notes |  | 2018 Notes |  | 2041 Notes |  | 2016 Notes |  | 2018 Notes |  | 2041 Notes
(in thousands, except years, percentages, conversion rate, and conversion price)
Carrying value, long-term | $ | — |  |  | $ | 410,067 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Carrying value, current portion | 443,704 |  |  | — |  |  | 522,249 |  |  | 435,493 |  |  | 402,320 |  |  | 520,313 |
Unamortized discount | 6,283 |  |  | 39,887 |  |  | 177,662 |  |  | 14,507 |  |  | 47,680 |  |  | 179,622 |
Principal amount | $ | 449,987 |  |  | $ | 449,954 |  |  | $ | 699,911 |  |  | $ | 450,000 |  |  | $ | 450,000 |  |  | $ | 699,935 |
Carrying amount of permanent equity component, net of tax | $ | 76,228 |  |  | $ | 104,886 |  |  | $ | 150,415 |  |  | $ | 61,723 |  |  | $ | 57,215 |  |  | $ | 148,487 |
Carrying amount of temporary equity component, net of tax | $ | — |  |  | $ | — |  |  | $ | 177,662 |  |  | $ | 14,507 |  |  | $ | 47,679 |  |  | $ | 179,622 |
Remaining amortization period (years) | 0.4 |  |  | 2.4 |  |  | 25.4 |  |  |  |  |  |  |
Effective interest rate on liability component | 4.29 | % |  | 5.27 | % |  | 4.28 | % |  |  |  |  |  |
Fair Value of Notes (Level 2) | $ | 583,858 |  |  | $ | 643,434 |  |  | $ | 1,634,292 |  |  |  |  |  |  |
Conversion rate (shares of common stock per $1,000 principal amount of notes) | 16.2107 |  |  | 16.2107 |  |  | 29.0921 |  |  |  |  |  |  |
Conversion price (per share of common stock) | $ | 61.69 |  |  | $ | 61.69 |  |  | $ | 34.37 |  |  |  |  |  |  |
If-converted value in excess of par value | $ | 136,426 |  |  | $ | 136,416 |  |  | $ | 936,978 |  |  |  |  |  |  |
Estimated share dilution using average quarterly stock price $74.11 per share | 1,223 |  |  | 1,223 |  |  | 10,918 |  |  |  |  |  |  |
Warrants and Convertible Note Hedge Arrangements | The following table presents the details of the warrants and convertible note hedge arrangements as of December 27, 2015:
| 2016 Notes |  | 2018 Notes
(shares in thousands)
Warrants: |  |  |
Underlying shares | 7,295 |  |  | 7,295 |
Estimated share dilution using average quarterly stock price $74.11 per share | 421 |  |  | — |
Exercise price | $ | 69.83 |  |  | $ | 74.49 |
Expiration date range | August 15 - October 21, 2016 |  |  | August 15 - October 23, 2018 |
Convertible Note Hedge: |  |  |
Number of shares available from counterparties | 7,295 |  |  | 7,295 |
Exercise price | $ | 61.69 |  |  | $ | 61.69 |
Components of Senior Notes | As of December 27, 2015 and June 28, 2015 the Senior Notes consisted of the following:
| December 27, 2015 |  | June 28, 2015
2020 Notes |  | 2025 Notes |  | 2020 Notes |  | 2025 Notes
(in thousands, except years)
Carrying value, long-term | $ | 497,348 |  |  | $ | 497,025 |  |  | $ | 497,053 |  |  | $ | 496,907 |
Unamortized discount | 2,652 |  |  | 2,975 |  |  | 2,947 |  |  | 3,093 |
Principal amount | $ | 500,000 |  |  | $ | 500,000 |  |  | $ | 500,000 |  |  | $ | 500,000 |
Remaining amortization period (years) | 4.2 |  |  | 9.2 |  |  |  |  |
Fair Value of Notes (Level 2) | $ | 484,030 |  |  | $ | 473,785 |  |  |  |  |
Schedule of Recognized Interest Cost Relating to Both Contractual Interest Coupon and Amortization of Discount on Liability Component of Notes | The following table presents the amount of interest cost recognized relating to both the contractual interest coupon and amortization of the debt discount, issuance costs, and effective portion of interest rate contracts with respect to the Senior Notes and the Convertible Notes during the three months ended December 27, 2015 and December 28, 2014.
| Three Months Ended |  | Six Months Ended
December 27, 2015 |  | December 28, 2014 |  | December 27, 2015 |  | December 28, 2014
(in thousands)
Contractual interest coupon | $ | 14,750 |  |  | $ | 6,562 |  |  | $ | 29,577 |  |  | $ | 13,124 |
Amortization of interest discount | 9,258 |  |  | 8,610 |  |  | 18,380 |  |  | 17,119 |
Amortization of issuance costs | 14,391 |  |  | 590 |  |  | 15,043 |  |  | 1,181 |
Amortization of interest rate contract | 95 |  |  | — |  |  | 189 |  |  | — |
Total interest cost recognized | $ | 38,494 |  |  | $ | 15,762 |  |  | $ | 63,189 |  |  | $ | 31,424 |

X
- Definition Tabular disclosure of warrants issued and note hedge held. Warrants outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Note hedge are derivative securities that provide the Company with the right to put shares to a counterparty at a specified price within a certain time frame. Including disclose of the aggregate amount of securities called for by warrants or note hedge, the date from which the warrants or note hedge are exercisable, and the price at which the warrant or note hedge is exercisable. + References No definition available. + Details
Name: | lrcx_ScheduleOfEquityNoteWarrantsAndEquityNoteHedgeTextBlock
Namespace Prefix: | lrcx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest expense related to convertible debt instruments which have been recognized for the period, including the contractual interest coupon, amortization of the debt discount, if any and amortization of debt issuance costs, if any. + References No definition available. + Details
Name: | lrcx_ScheduleOfInterestCostRecognizedRelatingToBothContractualInterestCouponAndAmortizationOfDiscountTableTextBlock
Namespace Prefix: | lrcx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of borrowings which can be exchanged for a specified number of another security at the option of the issuer or the holder. Disclosures include, but are not limited to, principal amount, amortized premium or discount, and amount of liability and equity components. + References No definition available. + Details
Name: | us-gaap_ConvertibleDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration