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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Jun. 30, 2012
Jun. 25, 2011
Jun. 26, 2010
Net sales $ 3,173,249 $ 2,755,029 $ 2,268,150
Cost of sales 2,077,651 1,810,159 1,521,917
Gross profit 1,095,598 944,870 746,233
Operating expenses      
Distribution 39,122 34,684 28,322
Research and development 105,774 89,250 83,515
Selling and administration 372,721 329,698 269,974
Subtotal 517,617 453,632 381,811
Write-off of in-process research and development 0 0 19,000
Restructuring 8,755 1,033 9,523
Total 526,372 454,665 410,334
Operating income 569,226 490,205 335,899
Interest, net 60,736 42,312 28,415
Other (income) expense, net (3,499) (2,661) (1,165)
Income from continuing operations before income taxes 511,989 450,554 308,649
Income tax expense 119,015 109,996 84,215
Income from continuing operations 392,974 340,558 224,434
Income (loss) from discontinued operations, net of tax 8,639 (1,361) (635)
Net income $ 401,613 $ 339,197 $ 223,799
Basic      
Continuing operations $ 4.22 [1] $ 3.6891662063 [1] $ 2.46 [1]
Discontinued operations $ 0.09 [1] $ (0.0147433189) [1] $ (0.01) [1]
Basic earnings per share $ 4.31 [1] $ 3.67 [1] $ 2.45 [1]
Diluted      
Continuing operations $ 4.18 [1] $ 3.64 [1] $ 2.42 [1]
Discontinued operations $ 0.09 [1] $ (0.01) [1] $ (0.01) [1]
Diluted earnings per share $ 4.27 [1] $ 3.63 [1] $ 2.41 [1]
Weighted average shares outstanding      
Basic 93,219 92,313 91,399
Diluted 94,052 93,529 92,845
Dividends declared per share $ 0.3100 $ 0.2725 $ 0.2425
[1] (1)The sum of individual per share amounts may not equal due to rounding.