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Quarterly Financial Data
 12 Months Ended
Jun. 25, 2011
Quarterly Financial Data [Abstract]  
Quarterly Financial Data (unaudited) [Text Block]
QUARTERLY FINANCIAL DATA (unaudited)
The following table presents unaudited quarterly consolidated operating results for each of the Company’s last eight fiscal quarters. This information below has been prepared on a basis consistent with the Company’s audited consolidated financial statements.
Fiscal 2012
First
Quarter(2)
 
Second
Quarter(3)
 
Third
Quarter(4)
 
Fourth
Quarter(5)(6)
Net sales
$
725,295

 
$
838,170

 
$
778,017

 
$
831,767

Gross profit
$
227,579

 
$
294,875

 
$
279,273

 
$
293,871

Income from continuing operations
$
70,458

 
$
99,739

 
$
115,727

 
$
107,050

Income from discontinued operations, net of tax
—

 
—

 
—

 
8,639

Net income
$
70,458

 
$
99,739

 
$
115,727

 
$
115,689

Earnings per share(1):
 
 
 
 
 
 
 
Basic
 
 
 
 
 
 
 
Continuing operations
$
0.76

 
$
1.07

 
$
1.24

 
$
1.15

Discontinued operations
—

 
—

 
—

 
0.09

Basic earnings per share
$
0.76

 
$
1.07

 
$
1.24

 
$
1.24

Diluted
 
 
 
 
 
 
 
Continuing operations
$
0.75

 
$
1.06

 
$
1.23

 
$
1.14

Discontinued operations
—

 
—

 
—

 
0.09

Diluted earnings per share
$
0.75

 
$
1.06

 
$
1.23

 
$
1.23

Weighted average shares outstanding
 
 
 
 
 
 
 
Basic
92,900

 
93,221

 
93,330

 
93,426

Diluted
93,953

 
94,043

 
94,124

 
94,296


Fiscal 2011
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter(7)
Net sales
$
641,322

 
$
717,515

 
$
691,563

 
$
704,629

Gross profit
$
213,954

 
$
249,500

 
$
239,082

 
$
242,334

Income from continuing operations
$
73,678

 
$
89,779

 
$
91,531

 
$
85,570

Income (loss) from discontinued operations, net of tax
697

 
388

 
(2,446
)
 
—

Net income
$
74,375

 
$
90,167

 
$
89,085

 
$
85,570

Earnings (loss) per share(1):
 
 
 
 
 
 
 
Basic
 
 
 
 
 
 
 
Continuing operations
$
0.80

 
$
0.97

 
$
0.99

 
$
0.92

Discontinued operations
0.01

 
0.00

 
(0.03
)
 
—

Basic earnings per share
$
0.81

 
$
0.98

 
$
0.96

 
$
0.92

Diluted
 
 
 
 
 
 
 
Continuing operations
$
0.79

 
$
0.96

 
$
0.98

 
$
0.91

Discontinued operations
0.01

 
0.00

 
(0.03
)
 
—

Diluted earnings per share
$
0.80

 
$
0.97

 
$
0.95

 
$
0.91

Weighted average shares outstanding
 
 
 
 
 
 
 
Basic
91,824

 
92,232

 
92,459

 
92,724

Diluted
93,269

 
93,363

 
93,549

 
93,853

(1)
The sum of quarterly financial data may vary from the annual data due to rounding. The sum of individual per share amounts may not equal due to rounding.
(2)
Includes a pre-tax charge to cost of sales of $27,179 associated with the step-up in value of inventory related to the Paddock acquisition and approximately $8,800 of acquisition-related and severance costs associated with the Paddock acquisition.
(3)
Includes $600 of severance costs associated with the Paddock acquisition.
(4)
Includes restructuring costs of $7,081 associated with the closing of the Company's Florida facility.
(5)
Includes restructuring costs of $1,674 associated with the closing of the Company's Florida facility.
(6)
Includes a gain on the disposition of the Israel Consumer Products business of $8,639.
(7)
Includes restructuring costs of $1,033 associated with exiting one of the Company's product lines manufactured at its Florida facility.