Share-based compensation (Tables)
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9 Months Ended |
Mar. 26, 2021 |
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| Share-based Payment Arrangement [Abstract] |
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| Effect of Recording Share-Based Compensation Expense |
The effect of recording share-based compensation expense for the three and nine months ended March 26, 2021 and March 27, 2020 was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | (amount in thousands) | March 26,
2021 | | March 27,
2020 | | March 26,
2021 | | March 27,
2020 | | Share-based compensation expense by type of award: | | | | | | | | | Restricted share units | $ | 3,953 | | | $ | 4,094 | | | $ | 13,377 | | | $ | 12,678 | | | Performance share units | 2,911 | | | 2,024 | | | 5,365 | | | 5,623 | | | Total share-based compensation expense | 6,864 | | | 6,118 | | | 18,742 | | | 18,301 | | | Tax effect on share-based compensation expense | — | | | — | | | — | | | — | | | Net effect on share-based compensation expense | $ | 6,864 | | | $ | 6,118 | | | $ | 18,742 | | | $ | 18,301 | |
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| Share-Based Compensation Expense Recorded in 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 26,
2021 | | March 27,
2020 | | March 26,
2021 | | March 27,
2020 | | Cost of revenue | $ | 1,388 | | | $ | 1,489 | | | $ | 4,805 | | | $ | 4,800 | | | Selling, general and administrative expense | 5,476 | | | 4,629 | | | 13,937 | | | 13,501 | | | Total share-based compensation expense | $ | 6,864 | | | $ | 6,118 | | | $ | 18,742 | | | $ | 18,301 | |
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| Restricted Share Unit Activity |
The following table summarizes restricted share unit activity under the Equity Incentive Plans: | | | | | | | | | | | | | | Number
of
Shares | | Weighted-
Average Grant
Date Fair Value
Per Share | Balance as of June 26, 2020 | 797,757 | | | $ | 46.88 | | | Granted | 222,886 | | | $ | 69.97 | | | Issued | (347,662) | | | $ | 45.18 | | | Forfeited | (23,432) | | | $ | 57.71 | | Balance as of March 26, 2021 | 649,549 | | | $ | 55.33 | |
| | | | | | | | | | | | | | Number
of
Shares | | Weighted-
Average Grant
Date Fair Value
Per Share | | Balance as of June 28, 2019 | 800,751 | | | $ | 42.48 | | | Granted | 343,792 | | | $ | 50.32 | | | Issued | (321,659) | | | $ | 40.82 | | | Forfeited | (28,457) | | | $ | 42.80 | | Balance as of March 27, 2020 | 794,427 | | | $ | 46.54 | |
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| Performance Share Unit Activity |
The following table summarizes performance share unit activity under the Equity Incentive Plans: | | | | | | | | | | | | | | Number
of
Shares | | Weighted-
Average Grant
Date Fair Value
Per Share | Balance as of June 26, 2020 | 440,140 | | | $ | 48.37 | | | Granted | 184,718 | | | $ | 69.85 | | | Issued | (82,185) | | | $ | 48.02 | | | Forfeited | (115,645) | | | $ | 48.02 | | Balance as of March 26, 2021 | 427,028 | | | $ | 57.82 | |
| | | | | | | | | | | | | | Number
of
Shares | | Weighted-
Average Grant
Date Fair Value
Per Share | | Balance as of June 28, 2019 | 548,500 | | | $ | 40.97 | | | Granted | 242,310 | | | $ | 48.65 | | | Issued | — | | | — | | | Forfeited | (350,670) | | | $ | 36.99 | | Balance as of March 27, 2020 | 440,140 | | | $ | 48.37 | |
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