ACQUISITIONS (Tables)

12 Months Ended

Jul. 02, 2016

Jun. 28, 2014

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

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 years ended June 27, 2015 and June 28, 2014 (in thousands):



	Fiscal Year Ended
	(unaudited)
	June 27, 2015		June 28, 2014
Net sales	$	457,475	$	431,274
Net income	$	4,136	$	9,476