ACQUISITION (Tables)

9 Months Ended

Mar. 28, 2015

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

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
Deferred Tax Asset	1,308
Other Current Assets	1,013
Fixed Assets	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	(3,726		)
Fair Value of Assets Acquired	$	48,010

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 and nine months ended March 28, 2015 and March 29, 2014 (in thousands):



	Three Months Ended
	(unaudited)
	March 28, 2015		March 29, 2014
Net sales	$	112,915	$	107,512
Net income	$	1,861	$	1,738



	Nine Months Ended
	(unaudited)
	March 28, 2015		March 29, 2014
Net sales	$	337,046	$	326,644
Net income	$	2,582	$	7,178