v3.6.0.2

Share-based compensation (Tables)

6 Months Ended

Dec. 30, 2016

Effect of Recording Share-Based Compensation Expense

The effect of recording share-based compensation expense for the three and six months ended December 30, 2016 and December 25, 2015 was as follows:

		Three Months Ended								Six Months Ended
(amount in thousands)		December 30, 2016				December 25, 2015				December 30, 2016				December 25, 2015
Share-based compensation expense by type of award:
Share options		$	—			$	2			$	—			$	18
Restricted share units			7,633				3,108				12,453				5,765
Performance share units			964				—				1,755				—
Total share-based compensation expense			8,597				3,110				14,208				5,783
Tax effect on share-based compensation expense			—				—				—				—
Net effect on share-based compensation expense		$	8,597			$	3,110			$	14,208			$	5,783

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								Six Months Ended
(amount in thousands)		December 30, 2016				December 25, 2015				December 30, 2016				December 25, 2015
Cost of revenue		$	1,514			$	540			$	2,528			$	1,077
Selling, general and administrative expense			7,083				2,570				11,680				4,706
Total share-based compensation expense		$	8,597			$	3,110			$	14,208			$	5,783

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 24, 2016			464,334				464,334			$	15.95
Granted			—								—				—
Exercised			(365,066	)						$	16.02
Forfeited			—								—
Expired			(5	)						$	5.75
Balance as of December 30, 2016			99,263				99,263			$	15.71

		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			(130,779	)						$	15.48
Forfeited			(213	)						$	14.43
Expired			—								—
Balance as of December 25, 2015			661,027				660,035			$	16.50

Information for Share Options Outstanding

The following summarizes information for share options outstanding as of December 30, 2016 under the Share Option Plans:

		Range of Exercise Price				Number of Shares Underlying Options				Weighted- Average Remaining Contractual Life (years)				Aggregate Intrinsic Value (amount in thousands)
			$14.12 – $15.05				55,238				1.31
			$15.16 – $16.83				36,975				0.96
			$18.60 – $26.16				7,050				1.92
Options outstanding							99,263				1.22			$	2,441
Options exercisable							99,263				1.22			$	2,441

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 24, 2016			1,181,402			$	18.34
Granted			741,973			$	39.23
Issued			(423,035	)		$	16.41
Forfeited			(38,170	)		$	22.35
Balance as of December 30, 2016			1,462,170			$	29.40

		Number of Shares				Weighted- Average Grant Date Fair Value Per Share
Balance as of June 26, 2015			1,140,927			$	16.03
Granted			539,772			$	19.57
Issued			(388,425	)(1)		$	15.27
Forfeited			(15,415	)		$	18.39
Balance as of December 25, 2015			1,276,859			$	17.27

⁽¹⁾  Includes 849 shares vested on December 1, 2015, but not settled as of December 25, 2015.

Performance Share Unit Activity

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

		Number of Shares				Weighted- Average Grant Date Fair Value Per Share
Balance as of June 24, 2016			—				—
Granted			234,678			$	40.48
Issued			—				—
Forfeited			—				—
Balance as of December 30, 2016			234,678			$	40.48

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

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-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

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- 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

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Tabular disclosure of the changes in outstanding nonvested performance-based units.

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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

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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

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