v2.4.0.6
EQUITY-BASED COMPENSATION PLANS (Tables)
 6 Months Ended
Dec. 23, 2012
Recognized or Realized Equity Based Compensation Expenses and Benefits

The Company recognized the following equity-based compensation expense and related income tax benefit in the Condensed Consolidated Statements of Operations:

 

     Three Months Ended      Six Months Ended  
     December 23,      December 25,      December 23,      December 25,  
     2012      2011      2012      2011  
     (in millions)  

Equity-based compensation expense

    $ 24.0       $ 18.2       $ 48.4       $ 36.0   

Income tax benefit related to equity-based compensation expense

    $ 3.3       $ 2.1       $ 9.0       $ 4.8   
Summary of Stock Option Activity

A summary of stock option activity under the Plans as of December 23, 2012 and changes during the six months then ended is presented below:

 

Options

    Shares
(in thousands)		     Weighted-
Average
Exercise Price		      Weighted-Average
Remaining
Contractual Term
(years)		      Aggregate Intrinsic
Value as of
December 23, 2012
(in thousands)		  

Outstanding at June 24, 2012

      3,902      $ 25.14         4.79      

Exercised

      (342 )    $ 22.04         

Forfeited or expired

      (32 )    $ 24.37         
  

 

 

          

Outstanding at December 23, 2012

      3,528      $ 25.45         4.38       $ 38,111   
  

 

 

          

Exercisable at December 23, 2012

      2,999      $ 25.25         3.80       $ 32,982   
  

 

 

          
Summary of Restricted Stock Units

A summary of the Company’s RSUs as of December 23, 2012 and changes during the six months then ended is presented below:

 

     Shares     Average Grant-  

Unvested Restricted Stock Units

    (in thousands)     Date Fair Value  

Unvested at June 24, 2012

      4,331      $ 41.01   

Granted

      1,612      $ 35.01   

Vested

      (987 )    $ 40.46   

Forfeited

      (115 )    $ 39.96   
  

 

 

    

Unvested at December 23, 2012

      4,841      $ 39.13   
  

 

 

    
Schedule Of ESPP Weighted-Average Assumptions

Purchase rights under the 1999 ESPP were valued using the Black-Scholes model assuming no expected dividends and the following weighted-average assumptions for the six months ended December 23, 2012:

 

     Six Months Ended  
     December 23,  
     2012  

Expected term (years)

      0.7   

Expected stock price volatility

      33.26 % 

Risk-free interest rate

      0.16 %