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Stock-Based Compensation (Tables)

12 Months Ended

Jun. 29, 2014

Share-based Compensation [Abstract]

Summary of Option Activity

The following table summarizes option activity as of June 29, 2014 and changes during the fiscal year then ended (total and shares in thousands):

	Number of Shares			Weighted Average Exercise price				Weighted Average Remaining Contractual Term		Total Intrinsic Value
Outstanding at June 30, 2013	8,657				$35.67
Granted	3,012			55.14
Exercised	(2,339	)		36.08
Forfeited or expired	(408	)		42.00
Outstanding at June 29, 2014	8,922				$41.85			4.74			$89,311
Vested and expected to vest at June 29, 2014	8,709				$41.65			4.71			$88,445
Exercisable at June 29, 2014	3,311				$40.56			3.36			$36,759

Summary of Stock Options Outstanding and Exercisable

The following table summarizes information about stock options outstanding and exercisable at June 29, 2014 (shares in thousands):

		Options Outstanding									Options Exercisable
Range of Exercise Price		Number			Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price				Number			Weighted Average Exercise Price
$0.01 to $27.47		428			2.38			$23.53			325				$23.11
$27.48 to $27.77		2,188			5.16		27.77				497			27.77
$27.78 to $35.89		2,031			3.69		32.31				1,174			33.17
$35.90 to $54.26		232			4.80		48.10				131			48.42
$54.27 to $75.55		4,043			5.30		55.85				1,184			57.19
Total		8,922			4.74			$41.85			3,311				$40.56

Schedule of Other Information Pertaining to Stock Option Awards

Other information pertaining to the Company’s stock option awards is as follows (in thousands, except per share data):

	Fiscal Years Ended
	June 29, 2014				June 30, 2013				June 24, 2012
Weighted average grant date fair value per share of options		$19.31				$12.05				$11.67
Total intrinsic value of options exercised		$67,044				$62,145				$1,605

Summary of Nonvested Restricted Stock Awards and Restricted Stock Unit Awards Outstanding

A summary of nonvested restricted stock awards (RSAs) and restricted stock unit awards (RSUs) outstanding as of June 29, 2014 and changes during the year then ended is as follows (in thousands, except per share data):

	Number of RSAs/RSUs			Weighted Average Grant-Date Fair Value
Nonvested at June 30, 2013	647				$33.80
Granted	527			54.76
Vested	(287	)		32.44
Forfeited	(27	)		42.83
Nonvested at June 29, 2014	860				$46.81

Summary of Total Stock-Based Compensation Expense

Total stock-based compensation expense was as follows (in thousands):

	Fiscal Years Ended
Income Statement Classification:	June 29, 2014				June 30, 2013				June 24, 2012
Cost of revenue, net		$11,353				$9,389				$7,713
Research and development	15,392				13,429				10,378
Sales, general and administrative	34,941				31,081				28,302
Total stock-based compensation expense		$61,686				$53,899				$46,393

Schedule of Weighted Average Assumptions Utilized to Value Stock Option Grants

The weighted average assumptions used to value stock option grants were as follows:

	Fiscal Years Ended
Stock Option Grants:	June 29, 2014			June 30, 2013			June 24, 2012
Risk-free interest rate	1.16	%		0.42	%		0.47	%
Expected life, in years	3.80			3.64			3.63
Expected volatility	44.5	%		56.8	%		51.7	%
Dividend yield	—			—			—

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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.

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Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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