XML 37 R24.htm IDEA: XBRL DOCUMENT v3.8.0.1
Acquisition of Squirrel Brand L.P. (Tables)
 6 Months Ended
Dec. 28, 2017
Business Combinations [Abstract]  
Summary of Purchase Price Allocated on Preliminary Basis

The total purchase price of $33,409 has been allocated on a preliminary basis to the fair values of the assets acquired and liabilities assumed as follows:

 

Accounts receivable

    $ 2,446  

Inventories

      1,957  

Other assets

      75  

Identifiable intangible assets:

   

Customer relationships

      10,500  

Brand names

      8,900  

Non-compete agreement

      270  

Goodwill

      9,638  

Accounts payable and accrued expenses

      (377 ) 
  

 

 

  

Total Purchase Price

    $ 33,409  
  

 

 

  
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 29,
2017		      Twenty-six
weeks ended
December 28,
2017		  

Pro forma net sales

    $ 863,267      $ 479,054  

Pro forma net income

      36,723        18,762  

Pro forma diluted earnings per share

    $ 3.22      $ 1.64