Business Acquisitions (Tables)

12 Months Ended

Jun. 24, 2012

Business Acquisitions [Abstract]

Allocation of Consideration

The total consideration as shown in the table below was allocated to CHiL's tangible and intangible assets and liabilities based on their estimated fair value as of the date of the completion of the transaction, March 7, 2011.  The Company made adjustments to the preliminary allocation in the fourth quarter of fiscal year 2011 which resulted in changes to consideration transferred, residual amount allocated to goodwill, inventory, intangibles, net working capital and deferred taxes. The consideration is allocated as follows (in thousands):

	Estimated Fair Value
Fair value of consideration transferred:
Cash consideration to CHiL shareholders, net of cash acquired	$	73,168
Allocation of consideration:
Inventory valuation adjustment	$	100
Property, plant, and equipment		207
Deferred tax asset		10,016
In-process research and development		100
Intangible assets		25,900
Goodwill		46,615
Net working capital		445
Deferred tax liability		(10,055	)
Taxes payable		(160	)
Total purchase price	$	73,168

The total consideration for the Technology Acquisition as shown in the table below is allocated to the tangible and intangible assets and liabilities based on their estimated fair value as of the date of the completion of the transaction, February 3, 2011.  Acquisition costs were not material. The consideration is allocated as follows:

	Estimated Fair Value
Fair value of consideration transferred:
Cash consideration to the Technology Acquisition shareholders	$	2,500
Contingent consideration		400
Total consideration transferred	$	2,900

Allocation of consideration:
Intangible assets	$	2,867
Long-term deferred tax asset		150
Other assets		33
Long-term deferred tax liability		(150	)
Net assets acquired	$	2,900

Acquisition-Related Intangible Assets

Identifiable acquisition-related intangible assets and their estimated useful lives are as follows (in thousands):

	Asset Amount		Weighted Average Useful Life
Completed technology	$	19,500	5 years
Customer lists		5,100	6 years
Other intangible assets		1,300	3 years
Total acquisition‑related intangible assets	$	25,900

Pro Forma Information

The results of operations for CHiL and the Technology Acquisition have been included in the Company's consolidated statement of operations since the consummation of the acquisitions on March 7, 2011 and February 3, 2011, respectively.  The following unaudited pro forma financial information presents the combined results as if the acquisitions had occurred at the beginning of the prior fiscal year reporting periods (in thousands):

	Twelve Months Ended
	June 26, 2011		June 27, 2010
Combined revenues	$	1,180,250	$	896,411
Combined net income	$	155,085	$	62,860
Net income per share-basic	$	2.19	$	0.88
Net income  per share-diluted	$	2.17	$	0.88