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Acquisitions (Tables)
9 Months Ended
Mar. 31, 2014
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
The following table summarizes the components of the purchase price allocations for the fiscal 2013 acquisitions:
 
 
UK Ambient Grocery Brands
 
BluePrint
 
Ella’s Kitchen
 
Total
Purchase price:
 
 
 
 
 
 
 
Cash paid
$
273,246

 
$
16,679

 
$
58,437

 
$
348,362

Equity issued
48,061

 
9,525

 
45,050

 
102,636

Fair value of contingent consideration

 
13,491

 

 
13,491

 
$
321,307

 
$
39,695

 
$
103,487

 
$
464,489

Allocation:
 
 
 
 
 
 
 
Current assets
$
29,825

 
$
2,742

 
$
27,749

 
$
60,316

Property, plant and equipment
39,150

 
3,173

 
672

 
42,995

Identifiable intangible assets
118,020

 
18,980

 
49,669

 
186,669

Assumed liabilities
(2,693
)
 
(2,189
)
 
(15,064
)
 
(19,946
)
Deferred income taxes
2,882

 

 
(11,789
)
 
(8,907
)
Goodwill
134,123

 
16,989

 
52,250

 
203,362

 
$
321,307

 
$
39,695

 
$
103,487

 
$
464,489

Unaudited Pro Forma Results Of Operations
The following table provides unaudited pro forma results of continuing operations for the nine months ended March 31, 2013, as if only the fiscal 2013 acquisitions that were completed in that period (BluePrint and the UK Ambient Grocery Brands) had been completed at the beginning of fiscal year 2013. Pro forma information for the three months ended March 31, 2013 is not presented as there were no acquisitions completed during that period. The information has been provided for illustrative purposes only, and does not purport to be indicative of the actual results that would have been achieved by the Company for the periods presented or that will be achieved by the combined company in the future. The pro forma information has been adjusted to give effect to items that are directly attributable to the transactions and are expected to have a continuing impact on the combined results. The adjustments include amortization expense associated with acquired identifiable intangible assets, interest expense associated with bank borrowings to fund the acquisitions and elimination of transactions costs incurred that are directly related to the transactions and do not have a continuing impact on operating results from continuing operations.

 
 
Nine Months Ended March 31, 2013
Net sales from continuing operations
 
$
1,365,737

Net income from continuing operations
 
$
108,796

Net income per common share from continuing operations - diluted
 
$
2.28