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Stock-Based Compensation (Tables)

12 Months Ended

Jun. 26, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Option Activity

The following table summarizes option activity as of June 26, 2022 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 27, 2021			142						$27.37
Granted			—						—
Exercised			(73)						29.46
Forfeited or expired			—						—
Outstanding at June 26, 2022			69						25.12						0.96						$3.2
Vested and expected to vest at June 26, 2022			69						25.12						0.96						$3.2
Exercisable at June 26, 2022			69						25.12						0.96						$3.2

Schedule of Stock Options Outstanding and Exercisable

The following table summarizes information about stock options outstanding and exercisable at June 26, 2022 (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						48						1.2						$24.32						48						$24.32
$25.01 to $35.00						21						0.5						26.92						21						26.92
Total						69																		69

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

A summary of nonvested restricted stock units (RSUs) outstanding as of June 26, 2022 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 27, 2021			2,168						$57.38
Granted			710						96.96
Vested			(916)						49.12
Forfeited			(68)						72.63
Nonvested at June 26, 2022			1,894						$75.67

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 26, 2022						June 27, 2021						June 28, 2020
Cost of revenue, net			$16.0						$14.4						$10.0
Research and development			9.9						8.7						8.0
Sales, general and administrative			35.0						30.1						30.8
Total stock-based compensation expense			$60.9						$53.2						$48.8

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 26, 2022						June 27, 2021						June 28, 2020
Risk-free interest rate			0.03 - 2.10%						0.03 - 0.17%						0.12 - 2.67%
Expected life, in years			0.5 - 1.0						0.5 - 1.0						0.5 - 1.0
Volatility			60.6 - 69.4%						52.4 - 82.6%						34.5 - 82.6%
Dividend yield			—						—						—

The range of assumptions used for issued performance units valued using the Monte Carlo model were as follows:

			Fiscal Years Ended
			June 26, 2022						June 27, 2021						June 28, 2020
Risk-free interest rate			0.35%						0.11 - 1.66%						0.28 - 1.66%
Expected life, in years			3.0						3.0						3.0
Average volatility of peer companies			65.0%						48.9 - 60.5%						48.9 - 55.2%
Average correlation coefficient of peer companies			0.47						0.36 - 0.51						0.36 - 0.45
Dividend yield			—						—						—

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