Acquisitions and divestitures (Tables)

12 Months Ended

Jun. 29, 2013

Jun. 30, 2012

2013 Acquisitions [Member]

Business Acquisition [Line Items]

Schedule of Contingent Consideration

During fiscal 2013, the Company acquired 12 businesses with aggregate annualized revenue of approximately $1.18 billion for a total consideration of $308,951,000, which consisted of the following (in thousands):

Cash	$	297,484
Contingent consideration	11,467
Total	$	308,951

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the respective acquisition dates (in thousands):

Cash	$	29,276
Accounts receivable, net	226,743
Inventory	91,791
Other current assets	33,689
Property, plant and equipment	25,311
Other assets	47,292
Total identifiable assets acquired	454,102
Current liabilities	(157,986		)
Long term debt	(66,367		)
Other long term liabilities	(45,640		)
Total liabilities assumed	(269,993		)
Net identifiable assets acquired	184,109
Goodwill	157,521
Bargain purchase recognized	(32,679		)
Net assets acquired	$	308,951

Business Acquisition, Pro Forma Information

Supplemental information on an unaudited pro forma basis, as if the acquisitions had been consummated as of July 3, 2011, is presented as follows:

	Pro Forma Results For Years Ended
	June 29, 2013		June 30, 2012
	(Thousands)
Sales	$	25,771,000	$	26,872,000
Net income	$	454,000	$	587,000

2012 Acquisitions [Member]

Business Acquisition [Line Items]

Schedule of Contingent Consideration

During fiscal 2012, the Company acquired 11 businesses for total consideration of $413,585,000, which consisted of the following (in thousands):

Cash	$	390,410
Contingent consideration	23,175
Total	$	413,585

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the respective acquisition dates (in thousands):

Cash	$	75,016
Accounts receivable, net	132,195
Inventory	59,463
Other current assets	23,936
Property, plant and equipment	9,729
Other assets	104,368
Total identifiable assets acquired	404,707
Current liabilities	(230,747		)
Other long term liabilities	(2,483		)
Total liabilities assumed	(233,230		)
Net identifiable assets acquired	171,477
Goodwill	246,425
Bargain purchase recognized	(4,317		)
Net assets acquired	$	413,585

Business Acquisition, Pro Forma Information

Supplemental information on an unaudited pro forma basis, as if the acquisitions had been consummated as of July 4, 2010, is presented as follows:

	Pro Forma Results For Years Ended
	June 30, 2012		July 2, 2011
	(Thousands)
Sales	$	26,052,000	$	27,404,000
Net income	$	568,000	$	700,300