Business Combinations

9 Months Ended

Mar. 30, 2019

Business Combinations [Abstract]

Business Combinations

5. Business Combinations

During the first nine months of fiscal 2019, the Company paid cash of $58.1 million for three acquisitions and during the first nine months of fiscal 2018, the Company paid cash of $72.6 million for two acquisitions. These acquisitions did not materially affect the Company’s results of operations.

The following table summarizes the preliminary purchase price allocation for each major class of assets acquired and liabilities assumed for the fiscal 2019 acquisitions.

(In millions)	Fiscal 2019
Net working capital	$	11.9
Goodwill		7.2
Other intangible assets		37.1
Property, plant and equipment		1.9
Total purchase price	$	58.1

Subsequent to March 30, 2019, the Company paid $150.6 million for an acquisition.  This acquisition includes contingent consideration related to future earnings of the acquired company.  The acquisition will be reported within the Company’s Vistar segment.  The Company is in the process of determining the fair values of the assets acquired and liabilities assumed.