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Acquisitions (Tables)
12 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2010
Business Acquisition, Cost of Acquired Entity [Abstract]      
Components Of Preliminary Purchase Price Allocations
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
103,529

 
2,706

 
11,693

 
117,928

Other non-current assets, net
1,108

 

 

 
1,108

Assumed liabilities
(46,431
)
 
(184
)
 
(1,342
)
 
(47,957
)
Deferred income taxes
(27,942
)
 
(166
)
 
(1,462
)
 
(29,570
)
Goodwill
116,757

 

 
6,725

 
123,482

 
$
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

The following table summarizes the components of the purchase price allocation for the World Gourmet acquisition:
Purchase price:
 
Cash paid
$
50,914

Equity issued
35,392

Fair value of contingent consideration
26,600

 
$
112,906

Allocation:
 
Current assets
$
10,114

Property, plant and equipment
7,212

Identifiable intangible assets
43,000

Other liabilities, net
(8,777
)
Goodwill
61,357

 
$
112,906

Unaudited Pro Forma Results Of Operations
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,
 
2012
 
2011
 
2010
Net sales from continuing operations
$
1,451,658

 
$
1,357,781

 
$
1,211,601

Net income from continuing operations
$
85,094

 
$
65,311

 
$
50,993

Net income per common share from continuing operations - diluted
$
1.86

 
$
1.47

 
$
1.23