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Stock-Based Compensation (Tables)

12 Months Ended

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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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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