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Stock-Based Compensation (Tables) | 12 Months Ended
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Jun. 27, 2021
Share-based Payment Arrangement [Abstract] |
Schedule of Option Activity | The following table summarizes option activity as of June 27, 2021 and changes during the fiscal year then ended (shares in thousands):
| Number of Shares |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term |  | Total Intrinsic Value (in millions of U.S. Dollars)
Outstanding at June 28, 2020 | 983 |  |  | $37.88 |  |  |  |  |
Granted | — |  |  | — |  |  |  |  |
Exercised | (830) |  |  | 39.34 |  |  |  |  |
Forfeited or expired | (11) |  |  | 64.51 |  |  |  |  |
Outstanding at June 27, 2021 | 142 |  |  | 27.37 |  |  | 1.62 |  | $10.1 |
Vested and expected to vest at June 27, 2021 | 142 |  |  | 27.37 |  |  | 1.62 |  | $10.1 |
Exercisable at June 27, 2021 | 142 |  |  | 27.37 |  |  | 1.62 |  | $10.1 |
Schedule of Stock Options Outstanding and Exercisable | The following table summarizes information about stock options outstanding and exercisable at June 27, 2021 (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 $25.00 |  | 66 |  |  | 2.1 |  | $24.34 |  |  | 66 |  |  | $24.34 |
$25.01 to $35.00 |  | 62 |  |  | 1.4 |  | 26.92 |  |  | 62 |  |  | 26.92 |
$35.01 to $45.00 |  | 1 |  |  | 0.8 |  | 35.17 |  |  | 1 |  |  | 35.17 |
$45.01 to $55.00 |  | 13 |  |  | 0.2 |  | 45.13 |  |  | 13 |  |  | 45.13 |
Total |  | 142 |  |  |  |  |  |  | 142 |  |  |
Schedule of Nonvested Restricted Stock Awards and Restricted Stock Unit Awards Outstanding | A summary of nonvested restricted stock units (RSUs) outstanding as of June 27, 2021 and changes during the year then ended is as follows (shares in thousands):
| Number of RSUs |  | Weighted Average Grant-Date Fair Value
Nonvested at June 28, 2020 | 2,932 |  |  | $43.89 |
Granted | 1,059 |  |  | 67.00 |
Vested | (1,459) |  |  | 38.12 |
Forfeited | (364) |  |  | 53.14 |
Nonvested at June 27, 2021 | 2,168 |  |  | $57.38 |
Schedule of Total Stock-Based Compensation Expense | Total stock-based compensation expense was classified in the consolidated statements of operations as follows:
| Fiscal Years Ended
(in millions of U.S. Dollars) | June 27, 2021 |  | June 28, 2020 |  | June 30, 2019
Cost of revenue, net | $14.4 |  |  | $10.0 |  |  | $7.8 |
Research and development | 8.7 |  |  | 8.0 |  |  | 6.2 |
Sales, general and administrative | 30.1 |  |  | 30.8 |  |  | 28.9 |
Total stock-based compensation expense | $53.2 |  |  | $48.8 |  |  | $42.9 |
Schedule of Weighted Average Assumptions Utilized to Value Stock-Based Compensation | The range of assumptions used to value stock issued under the ESPP were as follows:
| Fiscal Years Ended
| June 27, 2021 |  | June 28, 2020 |  | June 30, 2019
Risk-free interest rate | 0.03 - 0.17% |  | 0.12 - 2.67% |  | 2.39 - 2.67%
Expected life, in years | 0.5 - 1.0 |  | 0.5 - 1.0 |  | 0.5 - 1.0
Volatility | 52.4 - 82.6% |  | 34.5 - 82.6% |  | 34.5 - 39.6%
Dividend yield | — |  |  | — |  |  | — |
The range of assumptions used for issued performance units valued using the Monte Carlo model were as follows:
| Fiscal Years Ended
| June 27, 2021 |  | June 28, 2020 |  | June 30, 2019
Risk-free interest rate | 0.11 - 1.66% |  | 0.28 - 1.66% |  | 2.68%
Expected life, in years | 3.0 |  | 3.0 |  | 3.0
Average volatility of peer companies | 48.9 - 60.5% |  | 48.9 - 55.2% |  | 46.8%
Average correlation coefficient of peer companies | 0.36 - 0.51 |  | 0.36 - 0.45 |  | 0.34
Dividend yield | — |  |  | — |  |  | — |

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- 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
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