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Acquisitions and Disposals (Tables)
12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2011
Business Combinations [Abstract]      
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
The following table summarizes the components of the preliminary purchase price allocations for the fiscal 2013 acquisitions:
 
 
UK Ambient Grocery Brands
 
BluePrint
 
Ella’s Kitchen
 
Total
Purchase price:
 
 
 
 
 
 
 
Cash paid
$
273,717

 
$
16,679

 
$
58,437

 
$
348,833

Equity issued
48,061

 
9,525

 
45,050

 
102,636

Fair value of contingent consideration

 
13,491

 

 
13,491

 
$
321,778

 
$
39,695

 
$
103,487

 
$
464,960

Allocation:
 
 
 
 
 
 
 
Current assets
$
29,825

 
$
2,742

 
$
27,749

 
$
60,316

Property, plant and equipment
39,150

 
3,173

 
672

 
42,995

Identifiable intangible assets
132,479

 
18,980

 
59,572

 
211,031

Assumed liabilities
(1,798
)
 
(2,189
)
 
(17,653
)
 
(21,640
)
Deferred income taxes
2,882

 

 
(13,462
)
 
(10,580
)
Goodwill
119,240

 
16,989

 
46,609

 
182,838

 
$
321,778

 
$
39,695

 
$
103,487

 
$
464,960

The following table summarizes the components of the purchase price allocations for the fiscal 2012 acquisitions:
 
 
Daniels
 
Europe’s
Best
 
Cully & Sully
 
Total
Purchase price:
 
 
 
 
 
 
 
Cash paid
$
233,822

 
$
9,513

 
$
13,835

 
$
257,170

Fair value of contingent consideration
15,637

 

 
3,363

 
19,000

 
$
249,459

 
$
9,513

 
$
17,198

 
$
276,170

Allocation:
 
 
 
 
 
 
 
Current assets
$
55,639

 
$
7,157

 
$
1,549

 
$
64,345

Property, plant and equipment
46,799

 

 
35

 
46,834

Identifiable intangible assets
100,290

 
2,706

 
11,693

 
114,689

Other non-current assets, net
1,108

 

 

 
1,108

Assumed liabilities
(46,431
)
 
(184
)
 
(1,342
)
 
(47,957
)
Deferred income taxes
(27,197
)
 
(166
)
 
(1,462
)
 
(28,825
)
Goodwill
119,251

 

 
6,725

 
125,976

 
$
249,459

 
$
9,513

 
$
17,198

 
$
276,170

The following table summarizes the components of the purchase price allocations for the fiscal 2011 acquisitions:
 
Greek Gods
 
GG
UniqueFiber
 
Danival
 
Total
Purchase price:
 
 
 
 
 
 
 
Cash paid
$
16,277

 
$
4,281

 
$
24,741

 
$
45,299

Equity issued
4,785

 

 

 
4,785

Fair value of contingent consideration
22,900

 
3,050

 

 
25,950

 
$
43,962

 
$
7,331

 
$
24,741

 
$
76,034

Allocation:
 
 
 
 
 
 
 
Current assets
$
2,172

 
$
429

 
$
7,320

 
$
9,921

Property, plant and equipment

 
673

 
3,049

 
3,722

Identifiable intangible assets
18,800

 
2,116

 
12,587

 
33,503

Assumed liabilities
(696
)
 
(527
)
 
(5,239
)
 
(6,462
)
Deferred income taxes

 
(253
)
 
(2,118
)
 
(2,371
)
Goodwill
23,686

 
4,893

 
9,142

 
37,721

 
$
43,962

 
$
7,331

 
$
24,741

 
$
76,034

Unaudited Pro Forma Results Of Operations
The following table provides unaudited pro forma results of continuing operations for the fiscal years ended June 30, 2013, 2012 and 2011, as if all of the above acquisitions had been completed at the beginning of fiscal year 2011. The following pro forma combined results of continuing operations have been provided for illustrative purposes only, and do not purport to be indicative of the actual results that would have been achieved by the Company for the periods presented or that will be achieved by the combined company in the future. The pro forma information has been adjusted to give effect to items that are directly attributable to the transactions and are expected to have a continuing impact on the combined results. The adjustments include amortization expense associated with acquired identifiable intangible assets, interest expense associated with bank borrowings to fund the acquisitions and elimination of transactions costs incurred that are directly related to the transactions and do not have a continuing impact on operating results from continuing operations.
 
 
Fiscal Year ended June 30,
 
2013
 
2012
 
2011
Net sales from continuing operations
$
1,897,924

 
$
1,765,214

 
$
1,674,321

Net income from continuing operations
$
137,009

 
$
114,498

 
$
101,219

Net income per common share from continuing operations - diluted
$
2.82

 
$
2.41

 
$
2.19