v3.4.0.3

Share-based compensation (Tables)

9 Months Ended

Mar. 25, 2016

Effect of Recording Share-Based Compensation Expense

The effect of recording share-based compensation expense for the three and nine months ended March 25, 2016 and March 27, 2015 was as follows:

		Three Months Ended								Nine Months Ended
(amount in thousands)		March 25, 2016				March 27, 2015				March 25, 2016				March 27, 2015
Share-based compensation (income)/expense by type of award:
Share options		$	(1	)		$	6			$	17			$	197
Restricted share units			2,000				2,003				7,765				5,609
Total share-based compensation expense			1,999				2,009				7,782				5,806
Tax effect on share-based compensation expense			—				—				—				—
Net effect on share-based compensation expense		$	1,999			$	2,009			$	7,782			$	5,806

Share-Based Compensation Expense Recorded in unaudited Condensed Consolidated Statements of Operations and Comprehensive Income

Share-based compensation expense was recorded in the unaudited condensed consolidated statements of operations and comprehensive income as follows:

		Three Months Ended								Nine Months Ended
(amount in thousands)		March 25, 2016				March 27, 2015				March 25, 2016				March 27, 2015
Cost of revenue		$	517			$	379			$	1,594			$	1,107
Selling, general and administrative expense			1,482				1,630				6,188				4,699
Total share-based compensation expense		$	1,999			$	2,009			$	7,782			$	5,806

Share Option Activity

The following summarizes share option activity:

		Number of Shares				Number of Exercisable Options				Weighted- Average Exercise Price Per Share				Weighted- Average Grant Date Fair Value Per Share
Balance as of June 26, 2015			792,019				758,451			$	16.33
Granted			—								—				—
Exercised			(198,334	)						$	16.77
Forfeited			(755	)						$	17.10
Expired			(1,400	)						$	23.62
Balance as of March 25, 2016			591,530				591,488			$	16.16

		Number of Shares				Number of Exercisable Options				Weighted- Average Exercise Price Per Share				Weighted- Average Grant Date Fair Value Per Share
Balance as of June 27, 2014			865,890				666,305			$	16.27
Granted			—								—				—
Exercised			(50,867	)						$	14.50
Forfeited			(8,249	)						$	15.91
Expired			(6,787	)						$	20.80
Balance as of March 27, 2015			799,987				741,957			$	16.34

Information for Share Options Outstanding

The following summarizes information for share options outstanding as of March 25, 2016 under the Share Option Plans:

		Number of Shares Underlying Options				Exercise Price Per Share				Weighted- Average Remaining Contractual Life (years)				Aggregate Intrinsic Value (amount in thousands)
			5			$	5.75				0.65
			315,482			$	16.83				1.55
			30,000			$	15.05				1.61
			12,300			$	25.50				1.81
			2,400			$	26.16				1.86
			20,853			$	15.16				2.40
			184,039			$	14.12				2.63
			20,818			$	19.36				2.88
			5,550			$	18.60				2.93
			83			$	12.83				3.12
Options outstanding			591,530								1.99			$	8,535
Options exercisable			591,488								1.99			$	8,535

Restricted Share Unit Activity

The following summarizes restricted share unit activity under the 2010 Plan:

		Number of Shares				Weighted- Average Grant Date Fair Value Per Share
Balance as of June 26, 2015			1,140,927			$	16.03
Granted			586,142			$	19.82
Issued			(492,124	)(1)		$	15.53
Forfeited			(86,343	)		$	17.44
Balance as of March 25, 2016			1,148,602			$	17.56

		Number of Shares				Weighted- Average Grant Date Fair Value Per Share
Balance as of June 27, 2014			762,295			$	14.23
Granted			608,544			$	17.52
Issued			(241,231	)		$	17.70
Forfeited			(24,612	)		$	15.95
Balance as of March 27, 2015			1,104,996			$	15.97

⁽¹⁾  Includes 283 shares vested on March 25, 2016, but not settled.

X

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ 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

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

+ Details

Name:	us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
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 the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

+ 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 (c)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ 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 (c)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
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