Subsequent Events

9 Months Ended

Jun. 26, 2015



20.	Subsequent Events

Contrast Media and Delivery Systems Definitive Agreement

On July 27, 2015, the Company announced that it had entered into a definitive agreement under which it will sell its global CMDS business to Guerbet in a transaction valued at approximately $270.0 million. The transaction is subject to regulatory approvals and other customary closing conditions, and is expected to close in the next few months. Beginning in the fourth quarter of fiscal 2015, the assets of the CMDS business are deemed to be held for sale and the financial results of this business will be presented as a discontinued operation. Net sales of the CMDS business, which is included within the Global Medical Imaging Segment, were $92.8 million and $116.7 million for the three months ended June 26, 2015 and June 27, 2014, respectively, and $283.3 million and $340.9 million for the nine months ended June 26, 2015 and June 27, 2014, respectively. The supply agreement with our former parent will be transferred to Guerbet. Net sales under this agreement, which are not included within our operating segments, were $9.4 million and $11.7 million for the three months ended June 26, 2015 and June 27, 2014, respectively, and $28.8 million and $34.9 million for the nine months ended June 26, 2015 and June 27, 2014, respectively.