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STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Jun. 29, 2022

Stock-based Compensation Expenses and Related Tax Benefit Recognized in the Consolidated Statements of Comprehensive Income

Presented below is total stock-based compensation expenses, and the related total income tax benefit recognized in the Consolidated Statements of Comprehensive Income:

			Fiscal Years Ended
			June 29, 2022						June 30, 2021						June 24, 2020
Stock-based compensation expenses			$	18.6					$	16.4					$	14.7
Tax benefit related to stock-based compensation expenses			3.9						3.0						2.5

Black-Scholes Weighted Average Fair Values and Assumptions

The fair value of stock options was estimated using the Black-Scholes option-pricing model with the following weighted average assumptions, and the weighted average fair value of option grants:

Fiscal Years Ended

June 29, 2022(1)

June 30, 2021(1)

June 24, 2020

Weighted average fair values of option grants

n/a

n/a

$

6.92

Expected volatility

n/a

n/a

33.4

%

Risk-free interest rate

n/a

n/a

1.3

%

Expected lives

n/a

n/a

5 years

Dividend yield

n/a

n/a

3.2

%

(1)     No stock option awards were granted in fiscal 2022 or 2021.

Intrinsic Value and Related Tax Benefit of Options Exercised

The intrinsic value and related tax benefit of options exercised is as follows:

			Fiscal Years Ended
			June 29, 2022						June 30, 2021						June 24, 2020
Intrinsic value of options exercised			$	0.2					$	9.8					$	0.6
Tax benefit realized on options exercised			$	0.0					2.4						0.1

Fair Value of Restricted Share Awards Vested

The fair value of shares that vested is as follows:

			Fiscal Years Ended
			June 29, 2022						June 30, 2021						June 24, 2020
Fair value of restricted share awards vested			$	18.1					$	14.9					$	6.6

Stock Options

Stock Based Transactions During the Fiscal Year

Stock option transactions during fiscal 2022 were as follows (option prices in dollars):

			Number of Options						Weighted Average Exercise Price						Weighted Average Remaining Contractual Life (Years)						Aggregate Intrinsic Value
Stock options outstanding at June 30, 2021			2.0						$	38.74
Granted			—						—
Exercised			0.0						34.27
Forfeited or canceled			(0.1)						41.73
Stock options outstanding at June 29, 2022			1.9						$	38.73					3.4						$	0.2
Stock options exercisable at June 29, 2022			1.3						$	39.21					3.2						$	0.1

Restricted Shares

Stock Based Transactions During the Fiscal Year

Restricted share award transactions, including performance shares reflected at target, during fiscal 2022 were as follows (fair value per award in dollars):

			Number of Restricted Share Awards						Weighted Average Grant Date Fair Value Per Award
Restricted share awards outstanding at June 30, 2021			1.2						$	40.07
Granted			0.5						49.52
Vested			(0.3)						41.69
Forfeited			(0.1)						44.68
Restricted share awards outstanding at June 29, 2022			1.3						42.85

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