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Acquisition of Squirrel Brand L.P. (Tables)

12 Months Ended

Jun. 28, 2018

Business Combinations [Abstract]

Summary of Purchase Price Allocated on Preliminary Basis

The total purchase price has been allocated to the fair values of the assets acquired and liabilities assumed as follows:

Accounts receivable		$	2,362
Inventories			1,957
Other assets			63
Identifiable intangible assets:
Customer relationships			10,500
Brand names			8,900
Non-compete agreement			270
Goodwill			9,650
Accounts payable and accrued expenses			(475	)
Total Purchase Price		$	33,227

Summary of Unaudited Pro Forma Results of Operations of Company's Acquisition at Beginning

The following reflects the unaudited pro forma results of operations of the Company as if the Acquisition had taken place at the beginning of fiscal 2017. This pro forma information does not purport to represent what the Company’s actual results would have been if the Acquisition had occurred as of the date indicated or what such results would be for any future periods.

		Year-Ended June 28, 2018				Year-Ended June 29, 2017
Pro forma net sales		$	893,740			$	863,267
Pro forma net income			32,995				36,723
Pro forma diluted earnings per share		$	2.88			$	3.22

X

- 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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

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