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ACQUISITION (Tables) | 12 Months Ended
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Jul. 01, 2017
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets and Liabilities Acquired | The following table summarizes the purchase price paid for Ayrshire and the fair value of the assets acquired and liabilities assumed as of the date of acquisition (in thousands):
| Estimated Fair Values
| At September 3, 2014
Purchase Price Paid | $ | 48,010 |
Cash Acquired | (46 | )
Purchase Price, Net of Cash Received | $ | 47,964 |
Cash | $ | 46 |
Accounts Receivable | 21,211 |
Inventories | 21,772 |
Other Current Assets | 1,013 |
Property, Plant and Equipment | 7,823 |
Favorable Leases | 2,941 |
Customer Relationships | 2,833 |
Non-Compete Agreements | 196 |
Goodwill | 8,217 |
Other Assets | 42 |
Accounts Payable | (11,070 | )
Accrued Salaries and Wages | (2,188 | )
Other Current Liabilities | (2,408 | )
Deferred Tax Liability | (2,418 | )
Fair Value of Assets Acquired | $ | 48,010 |
Business Acquisition, Pro Forma Information | Pro forma condensed consolidated financial information for the year ended June 27, 2015 (in thousands):
|  | Fiscal Year Ended
|  | (unaudited)
|  | June 27, 2015
Net sales |  | $ | 457,475 |
Net income |  | $ | 4,136 |

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- 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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