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Acquisitions and divestitures (Tables) | 12 Months Ended
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Jun. 29, 2013 | Jun. 30, 2012
2013 Acquisitions [Member] |  |
Business Acquisition [Line Items] |  |
Schedule of Contingent Consideration | During fiscal 2013, the Company acquired 12 businesses with aggregate annualized revenue of approximately $1.18 billion for a total consideration of $308,951,000, which consisted of the following (in thousands):
Cash |  | $ | 297,484 |
Contingent consideration |  | 11,467 |
Total |  | $ | 308,951 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the respective acquisition dates (in thousands):
Cash |  | $ | 29,276 |
Accounts receivable, net |  | 226,743 |
Inventory |  | 91,791 |
Other current assets |  | 33,689 |
Property, plant and equipment |  | 25,311 |
Other assets |  | 47,292 |
Total identifiable assets acquired |  | 454,102 |
Current liabilities |  | (157,986 | )
Long term debt |  | (66,367 | )
Other long term liabilities |  | (45,640 | )
Total liabilities assumed |  | (269,993 | )
Net identifiable assets acquired |  | 184,109 |
Goodwill |  | 157,521 |
Bargain purchase recognized |  | (32,679 | )
Net assets acquired |  | $ | 308,951 |
Business Acquisition, Pro Forma Information | Supplemental information on an unaudited pro forma basis, as if the acquisitions had been consummated as of July 3, 2011, is presented as follows:
|  | Pro Forma Results For Years Ended
|  | June 29, 2013 |  | June 30, 2012
|  | (Thousands)
Sales |  | $ | 25,771,000 |  |  | $ | 26,872,000 |
Net income |  | $ | 454,000 |  |  | $ | 587,000 |
2012 Acquisitions [Member] |  |
Business Acquisition [Line Items] |  |
Schedule of Contingent Consideration | During fiscal 2012, the Company acquired 11 businesses for total consideration of $413,585,000, which consisted of the following (in thousands):
Cash |  | $ | 390,410 |
Contingent consideration |  | 23,175 |
Total |  | $ | 413,585 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed |  | The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the respective acquisition dates (in thousands):
Cash |  | $ | 75,016 |
Accounts receivable, net |  | 132,195 |
Inventory |  | 59,463 |
Other current assets |  | 23,936 |
Property, plant and equipment |  | 9,729 |
Other assets |  | 104,368 |
Total identifiable assets acquired |  | 404,707 |
Current liabilities |  | (230,747 | )
Other long term liabilities |  | (2,483 | )
Total liabilities assumed |  | (233,230 | )
Net identifiable assets acquired |  | 171,477 |
Goodwill |  | 246,425 |
Bargain purchase recognized |  | (4,317 | )
Net assets acquired |  | $ | 413,585 |
Business Acquisition, Pro Forma Information | Supplemental information on an unaudited pro forma basis, as if the acquisitions had been consummated as of July 4, 2010, is presented as follows:
|  | Pro Forma Results For Years Ended
|  | June 30, 2012 |  | July 2, 2011
|  | (Thousands)
Sales |  | $ | 26,052,000 |  |  | $ | 27,404,000 |
Net income |  | $ | 568,000 |  |  | $ | 700,300 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 54 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 55 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph 68 -Subparagraph r(2, 3) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments. + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 + Details
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