Pay vs Performance Disclosure - USD ($) | 12 Months Ended |
Jun. 24, 2023 | Jun. 25, 2022 | Jun. 26, 2021 |
Pay vs Performance Disclosure | | | |
Pay vs Performance Disclosure, Table | Pay Versus Performance The following table summarizes information regarding the compensation for our principal executive officer (“ PEO Non-PEO Value of Initial Fixed $100 Fiscal Year Summary (1)(2) Compensation PEO (3) Average Non-PEO (2)(4) Average Non-PEO (5) Total (6) Peer Group (7) Net Income (in millions) Non-GAAP (8) 2023 $19,577,634 ($65,368,395) $4,994,076 ($2,111,995) $144.26 $132.90 $73.60 $8.12 2022 $14,160,936 ($56,484,103) $4,057,648 $2,094,078 $228.90 $124.24 $257.50 $13.54 2021 $11,704,655 $140,626,141 $3,595,333 $16,493,865 $262.32 $164.25 $79.60 $8.26 (1) Mr. Hurlston served as our PEO in each of Fiscal 2023, 2022, and 2021. (2) The amounts in these columns correspond with total compensation for our NEOs as reported in our Summary Compensation Table above for the covered fiscal years. (3) The amounts in this column represent CAP, calculated in accordance with Item 402(v) of Regulation S-K Reconciliation of Summary Compensation Table Total Compensation for CEO to Compensation Actually Paid Equity Award Adjustments Deduct: Add: Add/(Deduct): Add/(Deduct): Fiscal Year Summary Compensation Table Total for PEO (1)(2) Value of Equity Awards Reported in Summary Compensation Table (a) Year End Fair Value of Awards Granted During the Year which were Unvested at Year End (b) Year Over Year Change in Fair Value of Outstanding and Unvested Awards (b) Change in Fair Value of Awards Granted in Prior Years which Vested During the Year (c) Total Equity Award Adjustments Compensation 2023 $19,577,634 ($18,339,934) $11,701,680 ($38,181,102) ($40,126,673) ($66,606,095) ($65,368,395) 2022 $14,160,936 ($11,997,489) $19,705,417 ($45,635,266) ($32,717,701) ($58,647,550) ($56,484,103) 2021 $11,704,655 ($9,723,998) $36,248,750 ($13,803,718) $116,200,452 $138,645,484 $140,626,141 (a) The amounts in this column correspond with the full grant date fair value, calculated in accordance with FASB ASC Topic 718, of “Stock Awards” as reported in our Summary Compensation Table above for the covered fiscal years. (b) The equity award adjustments were calculated in accordance with the SEC methodology for determining CAP for each year shown. For PSU awards, the amounts in these columns were determined by reference to the closing price of our common stock on the applicable fiscal year end date. For MSU awards where the performance period was not yet complete as of the applicable fiscal year end date, the amounts in these columns were determined by reference to the fair values of the awards, as calculated by a Monte Carlo simulation model as of the applicable fiscal year end date. (c) The equity award adjustments were calculated in accordance with the SEC methodology for determining CAP for each year shown. For MSU awards where the performance period was complete during the applicable fiscal year, the amounts in this column were determined by reference to the grant date fair value of the awards, as calculated by a Monte Carlo simulation model as of the applicable fiscal year end date relative to the closing price of our common stock on the applicable vesting dates. (4) The individuals comprising the Non-PEO 2021 2022 2023 Dean Butler Dean Butler Dean Butler Saleel Awsare Saleel Awsare Saleel Awsare John McFarland John McFarland John McFarland Philip Kumin Craig Stein Craig Stein (5) The amounts in this column represent the average CAP of our Non-PEO S-K Reconciliation of Summary Compensation Table Total Compensation for Non-PEO Equity Award Adjustments Deduct: Add: Add/(Deduct): Add/(Deduct): Fiscal Year Summary Compensation Table Non-PEO 1)(2) Value of Equity Awards Reported in Compensation Table (a) Year End Fair Value of Awards Granted During the Year which were Unvested at Year End (b) Year Over Year Change in Fair Value of Outstanding and Unvested (b) Change in Fair Value of Awards Granted in Prior Years which Vested During the Year (c) Total Equity Award Adjustments Compensation Actually Paid to Non-PEO 2023 $4,994,076 ($4,393,527) $2,289,509 ($1,944,152) ($3,057,901) ($2,712,544) ($2,111,995) 2022 $4,057,648 ($3,175,582) $5,215,729 ($1,749,317) ($2,254,400) $1,212,012 $2,094,078 2021 $3,595,333 ($2,098,558) $7,822,967 ($100,419) $7,274,542 $14,997,090 $16,493,865 (a) The amounts in this column correspond with the full grant date fair value, calculated in accordance with FASB ASC Topic 718, of “Stock Awards” as reported in our Summary Compensation Table above for the covered fiscal years. (b) The equity award adjustments were calculated in accordance with the SEC methodology for determining CAP for each year shown. For PSU awards, the amounts in these columns were determined by reference to the closing price of our common stock on the applicable fiscal year end date. For MSU awards where the performance period was not yet complete as of the applicable fiscal year end date, the amounts in these columns were determined by reference to the fair values of the awards, as calculated by a Monte Carlo simulation model as of the applicable fiscal year end date. (c) The equity award adjustments were calculated in accordance with the SEC methodology for determining CAP for each year shown. For MSU awards where the performance period was complete during the applicable fiscal year, the amounts in this column were determined by reference to the grant date fair value of the awards, as calculated by a Monte Carlo simulation model as of the applicable fiscal year end date relative to the closing price of our common stock on the applicable vesting dates. (6) TSR for each of Fiscal 2023, 2022 and 2021 is cumulative, reflecting the value of a fixed $100 investment beginning with the market close on June 26, 2020, the last trading day before the first day of Fiscal 2021, through and including the end of the respective covered fiscal years. (7) The Russell 2000 Index is the industry peer group we use for purposes of Item 201(e) of Regulation S-K. (8) Our Company-Selected Measure, as required by Item 402(v) of Regulation S-K, Non-GAAP Non-GAAP Non-GAAP | | |
Company Selected Measure Name | Non-GAAP EPS | | |
Named Executive Officers, Footnote | (4) The individuals comprising the Non-PEO 2021 2022 2023 Dean Butler Dean Butler Dean Butler Saleel Awsare Saleel Awsare Saleel Awsare John McFarland John McFarland John McFarland Philip Kumin Craig Stein Craig Stein | | |
Peer Group Issuers, Footnote | The Russell 2000 Index is the industry peer group we use for purposes of Item 201(e) of Regulation S-K. | | |
PEO Total Compensation Amount | $ 19,577,634 | $ 14,160,936 | $ 11,704,655 |
PEO Actually Paid Compensation Amount | $ (65,368,395) | (56,484,103) | 140,626,141 |
Adjustment To PEO Compensation, Footnote | (3) The amounts in this column represent CAP, calculated in accordance with Item 402(v) of Regulation S-K Reconciliation of Summary Compensation Table Total Compensation for CEO to Compensation Actually Paid Equity Award Adjustments Deduct: Add: Add/(Deduct): Add/(Deduct): Fiscal Year Summary Compensation Table Total for PEO (1)(2) Value of Equity Awards Reported in Summary Compensation Table (a) Year End Fair Value of Awards Granted During the Year which were Unvested at Year End (b) Year Over Year Change in Fair Value of Outstanding and Unvested Awards (b) Change in Fair Value of Awards Granted in Prior Years which Vested During the Year (c) Total Equity Award Adjustments Compensation 2023 $19,577,634 ($18,339,934) $11,701,680 ($38,181,102) ($40,126,673) ($66,606,095) ($65,368,395) 2022 $14,160,936 ($11,997,489) $19,705,417 ($45,635,266) ($32,717,701) ($58,647,550) ($56,484,103) 2021 $11,704,655 ($9,723,998) $36,248,750 ($13,803,718) $116,200,452 $138,645,484 $140,626,141 (a) The amounts in this column correspond with the full grant date fair value, calculated in accordance with FASB ASC Topic 718, of “Stock Awards” as reported in our Summary Compensation Table above for the covered fiscal years. (b) The equity award adjustments were calculated in accordance with the SEC methodology for determining CAP for each year shown. For PSU awards, the amounts in these columns were determined by reference to the closing price of our common stock on the applicable fiscal year end date. For MSU awards where the performance period was not yet complete as of the applicable fiscal year end date, the amounts in these columns were determined by reference to the fair values of the awards, as calculated by a Monte Carlo simulation model as of the applicable fiscal year end date. (c) The equity award adjustments were calculated in accordance with the SEC methodology for determining CAP for each year shown. For MSU awards where the performance period was complete during the applicable fiscal year, the amounts in this column were determined by reference to the grant date fair value of the awards, as calculated by a Monte Carlo simulation model as of the applicable fiscal year end date relative to the closing price of our common stock on the applicable vesting dates. | | |
Non-PEO NEO Average Total Compensation Amount | $ 4,994,076 | 4,057,648 | 3,595,333 |
Non-PEO NEO Average Compensation Actually Paid Amount | $ (2,111,995) | 2,094,078 | 16,493,865 |
Adjustment to Non-PEO NEO Compensation Footnote | (5) The amounts in this column represent the average CAP of our Non-PEO S-K Reconciliation of Summary Compensation Table Total Compensation for Non-PEO Equity Award Adjustments Deduct: Add: Add/(Deduct): Add/(Deduct): Fiscal Year Summary Compensation Table Non-PEO 1)(2) Value of Equity Awards Reported in Compensation Table (a) Year End Fair Value of Awards Granted During the Year which were Unvested at Year End (b) Year Over Year Change in Fair Value of Outstanding and Unvested (b) Change in Fair Value of Awards Granted in Prior Years which Vested During the Year (c) Total Equity Award Adjustments Compensation Actually Paid to Non-PEO 2023 $4,994,076 ($4,393,527) $2,289,509 ($1,944,152) ($3,057,901) ($2,712,544) ($2,111,995) 2022 $4,057,648 ($3,175,582) $5,215,729 ($1,749,317) ($2,254,400) $1,212,012 $2,094,078 2021 $3,595,333 ($2,098,558) $7,822,967 ($100,419) $7,274,542 $14,997,090 $16,493,865 (a) The amounts in this column correspond with the full grant date fair value, calculated in accordance with FASB ASC Topic 718, of “Stock Awards” as reported in our Summary Compensation Table above for the covered fiscal years. (b) The equity award adjustments were calculated in accordance with the SEC methodology for determining CAP for each year shown. For PSU awards, the amounts in these columns were determined by reference to the closing price of our common stock on the applicable fiscal year end date. For MSU awards where the performance period was not yet complete as of the applicable fiscal year end date, the amounts in these columns were determined by reference to the fair values of the awards, as calculated by a Monte Carlo simulation model as of the applicable fiscal year end date. (c) The equity award adjustments were calculated in accordance with the SEC methodology for determining CAP for each year shown. For MSU awards where the performance period was complete during the applicable fiscal year, the amounts in this column were determined by reference to the grant date fair value of the awards, as calculated by a Monte Carlo simulation model as of the applicable fiscal year end date relative to the closing price of our common stock on the applicable vesting dates. | | |
Compensation Actually Paid vs. Total Shareholder Return | Compensation Actually Paid and TSR | | |
Compensation Actually Paid vs. Net Income | Compensation Actually Paid and Net Income | | |
Compensation Actually Paid vs. Company Selected Measure | Compensation Actually Paid and Non-GAAP | | |
Total Shareholder Return Vs Peer Group | Compensation Actually Paid and TSR | | |
Tabular List, Table | Required Tabular Disclosure of Most Important Financial Performance Measures The following table is an unranked list of the most important financial performance measures linking Fiscal 2023 NEO CAP to Company performance: Revenue Non-GAAP Non-GAAP Non-GAAP Relative TSR compared to the peer companies in the Russell 2000 Index | | |
Total Shareholder Return Amount | $ 144.26 | 228.9 | 262.32 |
Peer Group Total Shareholder Return Amount | 132.9 | 124.24 | 164.25 |
Net Income (Loss) | $ 73,600,000 | $ 257,500,000 | $ 79,600,000 |
Company Selected Measure Amount | 8.12 | 13.54 | 8.26 |
PEO Name | Mr. Hurlston | | |
Measure:: 1 | | | |
Pay vs Performance Disclosure | | | |
Name | Revenue | | |
Measure:: 2 | | | |
Pay vs Performance Disclosure | | | |
Name | Non-GAAP Operating Profit | | |
Measure:: 3 | | | |
Pay vs Performance Disclosure | | | |
Name | Non-GAAP EPS | | |
Non-GAAP Measure Description | Our Company-Selected Measure, as required by Item 402(v) of Regulation S-K, Non-GAAP Non-GAAP Non-GAAP | | |
Measure:: 4 | | | |
Pay vs Performance Disclosure | | | |
Name | Non-GAAP Gross Margin Percentage | | |
Measure:: 5 | | | |
Pay vs Performance Disclosure | | | |
Name | Relative TSR compared to the peer companies in the Russell 2000 Index | | |
PEO | | | |
Pay vs Performance Disclosure | | | |
Adjustment to Compensation, Amount | $ (66,606,095) | $ (58,647,550) | $ 138,645,484 |
PEO | Value of Equity Awards [Member] | | | |
Pay vs Performance Disclosure | | | |
Adjustment to Compensation, Amount | (18,339,934) | (11,997,489) | (9,723,998) |
PEO | Year End Fair Value of Awards Granted During the Year which were Unvested at Year End [Member] | | | |
Pay vs Performance Disclosure | | | |
Adjustment to Compensation, Amount | 11,701,680 | 19,705,417 | 36,248,750 |
PEO | Year Over Year Change in Fair Value of Outstanding and Unvested Awards [Member] | | | |
Pay vs Performance Disclosure | | | |
Adjustment to Compensation, Amount | (38,181,102) | (45,635,266) | (13,803,718) |
PEO | Change in Fair Value of Awards Granted in Prior Years which Vested During the Year [Member] | | | |
Pay vs Performance Disclosure | | | |
Adjustment to Compensation, Amount | (40,126,673) | (32,717,701) | 116,200,452 |
Non-PEO NEO | | | |
Pay vs Performance Disclosure | | | |
Adjustment to Compensation, Amount | (2,712,544) | 1,212,012 | 14,997,090 |
Non-PEO NEO | Value of Equity Awards [Member] | | | |
Pay vs Performance Disclosure | | | |
Adjustment to Compensation, Amount | (4,393,527) | (3,175,582) | (2,098,558) |
Non-PEO NEO | Year End Fair Value of Awards Granted During the Year which were Unvested at Year End [Member] | | | |
Pay vs Performance Disclosure | | | |
Adjustment to Compensation, Amount | 2,289,509 | 5,215,729 | 7,822,967 |
Non-PEO NEO | Year Over Year Change in Fair Value of Outstanding and Unvested Awards [Member] | | | |
Pay vs Performance Disclosure | | | |
Adjustment to Compensation, Amount | (1,944,152) | (1,749,317) | (100,419) |
Non-PEO NEO | Change in Fair Value of Awards Granted in Prior Years which Vested During the Year [Member] | | | |
Pay vs Performance Disclosure | | | |
Adjustment to Compensation, Amount | $ (3,057,901) | $ (2,254,400) | $ 7,274,542 |