ACQUISITION (Tables)

3 Months Ended

Sep. 27, 2014

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table is an estimate of the purchase price for Ayrshire and the preliminary purchase price allocation (in thousands):

	Estimated Fair Values
	At September 3, 2014
Purchase price paid	$	47,809
Cash acquired	(46		)
Purchase price, net of cash received	$	47,763
Cash	$	46
Accounts Receivable	21,211
Inventories	21,772
Other Current Assets	2,346
Fixed Assets	7,823
Favorable Leases	2,941
Customer Relationships	2,833
Non-Compete Agreements	196
Goodwill	7,991
Other Assets	42
Accounts Payable	(11,070		)
Accrued Salaries and Wages	(2,188		)
Other Current Liabilities	(2,408		)
Deferred Tax Liability	(3,726		)
Fair value of Assets Acquired	$	47,809

The following table summarizes the fair values of the assets acquired as of the date of acquisition (in thousands):

	Fair Values
	At July 1, 2013
Current Assets	$	777
Fixed Assets	1,168
Non-Compete Agreements	372
Customer Relationships	1,970
Goodwill	1,740
Fair value of assets acquired	$	6,027

Business Acquisition, Pro Forma Information

Pro forma condensed consolidated financial information for the three months ended September 27, 2014 and September 28, 2013 (in thousands):

	Three Months Ended
	(unaudited)
	September 27, 2014		September 28, 2013
Net Sales	109,821		109,151
Net (loss) income	(905	)	2,033