XML 54 R38.htm IDEA: XBRL DOCUMENT v3.7.0.1

Stock-Based Compensation (Tables)

12 Months Ended

Jun. 25, 2017

Share-based Compensation [Abstract]

Summary of Option Activity

The following table summarizes option activity as of June 25, 2017 and changes during the fiscal year then ended (numbers of shares in thousands):

	Number of Shares			Weighted Average Exercise price				Weighted Average Remaining Contractual Term		Total Intrinsic Value
Outstanding at June 26, 2016	11,247				$40.42
Granted	1,795			24.50
Exercised	(119	)		26.06
Forfeited or expired	(2,319	)		38.67
Outstanding at June 25, 2017	10,604				$38.27			3.49			$1,745
Vested and expected to vest at June 25, 2017	10,377				$38.54			3.44			$1,593
Exercisable at June 25, 2017	7,297				$42.22			2.62			$233

Summary of Stock Options Outstanding and Exercisable

The following table summarizes information about stock options outstanding and exercisable at June 25, 2017 (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 $30.92		5,422			3.98			$26.82			2,868				$28.31
$30.93 to $43.94		234			3.85		36.05				174			36.18
$43.95 to $45.13		2,074			4.06		45.13				1,405			45.13
$45.14 to $54.26		146			2.90		49.11				124			49.27
$54.27 to $75.55		2,728			2.19		55.43				2,726			55.43
Total		10,604			3.49			$38.27			7,297				$42.22

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 25, 2017				June 26, 2016				June 28, 2015
Weighted average grant date fair value per share of options		$8.20				$8.79				$15.27
Total intrinsic value of options exercised		$344				$838				$9,418

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 25, 2017 and changes during the year then ended is as follows (in thousands, except number of shares and units):

	Number of RSAs/RSUs			Weighted Average Grant-Date Fair Value
Nonvested at June 26, 2016	1,631				$31.66
Granted	1,573			24.60
Vested	(579	)		34.13
Forfeited	(213	)		28.48
Nonvested at June 25, 2017	2,412				$26.74

Summary of Total Stock-Based Compensation Expense

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

	Fiscal Years Ended
Income Statement Classification:	June 25, 2017				June 26, 2016				June 28, 2015
Cost of revenue, net		$10,427				$12,394				$12,836
Research and development	10,619				13,842				16,524
Sales, general and administrative	26,679				32,492				34,939
Total stock-based compensation expense		$47,725				$58,728				$64,299

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 25, 2017			June 26, 2016			June 28, 2015
Risk-free interest rate	1.06	%		1.18	%		1.17	%
Expected life, in years	3.80			3.66			3.54
Expected volatility	42.4	%		43.3	%		45.2	%
Dividend yield	—			—			—

X

- Definition

Table contains weighted average grant date fair value of options granted in the reporting period and total intrinsic value of options exercised during the reporting period.

+ References

No definition available.

+ Details

Name:	cree_WeightedAverageGrantDateFairValueAndIntrinsicValueExercisedOptionsTableTextBlock
Namespace Prefix:	cree_
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

+ Details

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

X

- Definition

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.

+ 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

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
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 significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ 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 (f)(2)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

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

X

- Definition

Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

+ References

No definition available.

+ Details

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

X

- References

No definition available.

+ Details

Name:	us-gaap_ShareBasedCompensationAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration