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Acquisitions (Tables)

12 Months Ended

Jun. 27, 2015

Schedule of Fair Value of Consideration Transferred

The Acquisition Date fair value of the consideration transferred totaled $127.8 million, which consisted of the following (in millions):

Cash	$	20.0
Shares issued		70.3
Contingent consideration		37.5
Total identifiable assets acquired		127.8

Summary of Final Amounts Recorded for Estimated Fair Values of Assets Acquired and Liabilities Assumed as of Closing Date

The following table includes the final amounts recorded for the estimated fair values of the assets acquired and liabilities assumed as of the Closing Date (in millions):

Cash	$	54.7
Short-term deposit		36.6
Accounts receivable		140.2
Current deferred tax assets		11.8
Inventory		6.3
Property and equipment		11.7
Acquired intangible assets		240.9
Other assets		4.0
Total identifiable assets acquired		506.2
Accounts payable		66.5
Income taxes payable		32.5
Deferred tax liabilities		56.8
Other accrued liabilities		28.0
Net identifiable assets acquired		322.4
Goodwill		145.2
Net assets acquired	$	467.6

Summary of Financial Information Presents Combined Results of Operations for Acquisition

The following unaudited pro forma financial information presents the combined results of operations for us and RSP as if the RSP Acquisition had occurred on June 30, 2013. The unaudited pro forma financial information has been prepared for comparative purposes only and does not purport to be indicative of the actual operating results that would have been recorded had the RSP Acquisition actually taken place on June 30, 2013, and should not be taken as indicative of future consolidated operating results. Additionally, the unaudited pro forma financial results do not include any anticipated synergies or other expected benefits from the acquisition.

	2015		2014
	(in millions except per share data)
Revenue	$	1,913.9	$	1,646.3
Net income		149.8		96.9
Net income per share - diluted		3.85		2.61

Pro Forma Adjustments Used to Arrive at Pro Forma Net Income

Pro forma adjustments used to arrive at pro forma net income for fiscal 2015 and 2014 were as follows (in millions):

	2015			2014
Buyer transaction costs	$	4.3		$	4.8
Amortization of debt issuance costs		(0.3	)		(1.0	)
Interest expense		(1.2	)		(4.9	)
Intangible amortization		14.6			(78.1	)
Income tax adjustment		(5.2	)		28.1
Total	$	12.2		$	(51.1	)