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Acquisitions and Disposals (Tables)
3 Months Ended
Sep. 30, 2013
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
$
273,246

 
$
16,679

 
$
58,437

 
$
348,362

Equity issued
48,061

 
9,525

 
45,050

 
102,636

Fair value of contingent consideration

 
13,491

 

 
13,491

 
$
321,307

 
$
39,695

 
$
103,487

 
$
464,489

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
118,020

 
18,980

 
49,669

 
186,669

Assumed liabilities
(1,959
)
 
(2,189
)
 
(17,653
)
 
(21,801
)
Deferred income taxes
2,882

 

 
(11,955
)
 
(9,073
)
Goodwill
133,389

 
16,989

 
55,005

 
205,383

 
$
321,307

 
$
39,695

 
$
103,487

 
$
464,489

Unaudited Pro Forma Results Of Operations
The following table provides unaudited pro forma results of continuing operations for the three months ended September 30, 2012, as if all of the above acquisitions had been completed at the beginning of fiscal year 2013. Pro forma results of continuing operations are not provided for the three months ended September 30, 2013 as there were no acquisitions completed during such period. 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.
 
 
Three Months Ended September 30, 2012
Net sales from continuing operations
$
444,248

Net income from continuing operations
$
23,312

Net income per common share from continuing operations - diluted
$
0.48