KLA Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Equity and Long-Term Incentive Compensation Plans - Restricted Stock Unit Activities (Details)

Equity and Long-Term Incentive Compensation Plans - Restricted Stock Unit Activities (Details)
$ / shares in Units, shares in Thousands, $ in Thousands

12 Months Ended

60 Months Ended

Jun. 30, 2016

USD ($)

$ / shares

Jun. 30, 2015

USD ($)

$ / shares

Jun. 30, 2014

USD ($)

$ / shares

Jun. 30, 2013

Installment

Jun. 30, 2012

Installment

Weighted-Average Grant Date Fair Value

Granted, weighted-average grant date fair value (in dollars per share) | $ / shares

$ 51.12

$ 74.48

$ 53.28

Tax benefits realized by the Company in connection with vested and released restricted stock units | $

$ 27,412

$ 26,250

$ 44,298

Restricted Stock Unit, Service-Based

Weighted-Average Grant Date Fair Value

Share-based compensation arrangement by share-based payment award, number of equal vesting installments | Installment

Restricted Stock Unit, Performance-Based and Service Based

Weighted-Average Grant Date Fair Value

Share-based compensation arrangement by share-based payment award, number of equal vesting installments | Installment

Restricted Stock Units (RSUs)

Restricted Stock Units Activity Roll Forward

Granted (in shares)

^[1],[2]

1,541

1,191

1,268

Forfeited (in shares)

^[2]

(509)

(196)

(468)

Weighted-Average Grant Date Fair Value

Share-based compensation arrangement by share-based payment award, number of equal vesting installments | Installment

Unrecognized stock-based compensation expense balance | $

$ 55,800

Estimated weighted-average amortization period

1 year 4 months

Vested in period, grant date fair value | $

$ 52,000

$ 38,900

$ 81,900

Intrinsic Value of outstanding restricted stock units | $

$ 135,400

First Anniversary | Restricted Stock Unit, Service-Based

Weighted-Average Grant Date Fair Value

Percentage of equal vesting installments

25.00%

Second Anniversary | Restricted Stock Unit, Service-Based

Weighted-Average Grant Date Fair Value

Percentage of equal vesting installments

25.00%

Second Anniversary | Restricted Stock Units (RSUs)

Weighted-Average Grant Date Fair Value

Percentage of equal vesting installments

50.00%

Third Anniversary | Restricted Stock Unit, Service-Based

Weighted-Average Grant Date Fair Value

Percentage of equal vesting installments

25.00%

Third Anniversary | Restricted Stock Unit, Performance-Based and Service Based

Weighted-Average Grant Date Fair Value

Percentage of equal vesting installments

50.00%

Fourth Anniversary | Restricted Stock Unit, Service-Based

Weighted-Average Grant Date Fair Value

Percentage of equal vesting installments

25.00%

Fourth Anniversary | Restricted Stock Unit, Performance-Based and Service Based

Weighted-Average Grant Date Fair Value

Percentage of equal vesting installments

50.00%

Fourth Anniversary | Restricted Stock Units (RSUs)

Weighted-Average Grant Date Fair Value

Percentage of equal vesting installments

50.00%

2004 Plan | Restricted Stock Units (RSUs)

Restricted Stock Units Activity Roll Forward

Outstanding restricted stock units as of June 30, 2015 (in shares)

^[3],[4]

2,674

Granted (in shares)

^[3],[4]

770

Vested and released (in shares)

^[4]

(855)

Withheld for taxes (in shares)

^[4]

(469)

Forfeited (in shares)

^[4]

(271)

Outstanding restricted stock units as of June 30, 2016 (in shares)

^[3],[4]

1,849

2,674

Weighted-Average Grant Date Fair Value

Outstanding restricted stock units as of June 30, 2015, weighted-average grant date fair value (in dollars per share) | $ / shares

^[3]

$ 49.36

Granted, weighted-average grant date fair value (in dollars per share) | $ / shares

^[3]

51.12

Vested and released, weighted-average grant date fair value (in dollars per share) | $ / shares

39.26

Withheld for taxes, weighted-average grant date fair value (in dollars per share) | $ / shares

39.26

Forfeited, weighted-average grant date fair value (in dollars per share) | $ / shares

55.62

Outstanding restricted stock units as of June 30, 2016, weighted-average grant date fair value (in dollars per share) | $ / shares

^[3]

$ 56.41

$ 49.36

Management | Restricted Stock Unit, Performance-Based and Service Based

Restricted Stock Units Activity Roll Forward

Granted (in shares)

300

Awards granted before November 6, 2013 | 2004 Plan

Weighted-Average Grant Date Fair Value

Impact on share reserve multiplier

1.8

Awards granted after November 6, 2013 | 2004 Plan

Weighted-Average Grant Date Fair Value

Impact on share reserve multiplier

2.0

[1]	Includes restricted stock units granted to senior management with performance-based vesting criteria (in addition to service-based vesting criteria for any of such restricted stock units that are deemed to have been earned). As of June 30, 2016, it had not yet been determined the extent to which (if at all) the performance-based vesting criteria of such restricted stock units had been satisfied. Therefore, this line item includes all such performance-based restricted stock units granted during such fiscal year, reported at the maximum possible number of shares that may ultimately be issuable under such restricted stock units if all applicable performance-based criteria are achieved at their maximum levels and all applicable service-based criteria are fully satisfied (i.e., 0.7 million shares for the fiscal year ended June 30, 2016 and 0.6 million shares for each of the fiscal years ended June 30, 2015 and 2014, which, in each case reflects the application of the 1.8x or 2.0x multiplier described above). The Company has granted only restricted stock units under its equity incentive program since October 2007, except the number of shares subject to outstanding options under the 2004 Plan was adjusted during the three months ended December 31, 2014 due to a proportionate and equitable adjustment under the 2004 Plan provisions as discussed below. For the preceding several years until October 31, 2007, stock options were granted at the market price of the Company’s common stock on the date of grant generally with vesting period terms ranging from one to five years. Restricted stock units may be granted with varying criteria such as service-based and/or performance-based vesting.
[2]	The number of restricted stock units provided in this row reflects the application of the award multiplier as described above (1.8x or 2.0x depending on the grant date of the applicable award).
[3]	Includes restricted stock units granted to senior management with performance-based vesting criteria (in addition to service-based vesting criteria for any of such restricted stock units that are deemed to have been earned). As of June 30, 2016, it had not yet been determined the extent to which (if at all) the performance-based vesting criteria of such restricted stock units had been satisfied. Therefore, this line item includes all such performance-based restricted stock units, reported at the maximum possible number of shares (i.e., 0.3 million shares for each of the fiscal years ended June 30, 2016, 2015 and 2014) that may ultimately be issuable under such restricted stock units if all applicable performance-based criteria are achieved at their maximum and all applicable service-based criteria are fully satisfied.
[4]	Share numbers reflect actual shares subject to awarded restricted stock units. As described above, under the terms of the 2004 Plan, the number of shares subject to each award reflected in this number is multiplied by either 1.8x or 2.0x (depending on the grant date of the award) to calculate the impact of the award on the share reserve under the 2004 Plan.