XML 35 R24.htm IDEA: XBRL DOCUMENT v3.8.0.1
Acquisition of Squirrel Brand L.P. (Tables)
9 Months Ended
Mar. 29, 2018
Business Combinations [Abstract]  
Summary of Purchase Price Allocated on Preliminary Basis

The total purchase price of $33,227 has been allocated on a preliminary basis 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 29, 2017
     Thirty-Nine
weeks ended
March 29, 2018
 

Pro forma net sales

   $ 863,267      $ 682,235  

Pro forma net income

     36,723        27,393  

Pro forma diluted earnings per share

   $ 3.22      $ 2.39