XML 167 R42.htm IDEA: XBRL DOCUMENT v2.4.0.8
Restructuring, Integration and other charges (Tables)
 12 Months Ended
Jun. 29, 2013
Fiscal 2013 [Member]
Jun. 29, 2013
Fiscal Year 2013 [Member]
Jun. 30, 2012
Fiscal 2012 [Member]
Jun. 29, 2013
Fiscal Year 2012 [Member]
Jul. 02, 2011
Fiscal 2011 [Member]
Jun. 29, 2013
Fiscal 2011 And Prior [Member]
Restructuring Cost and Reserve [Line Items]            
Charges related to the acquisition and integration activities
 
Year Ended
 
June 29, 2013
 
(Thousands)
Restructuring charges
$
120,048

Integration costs
35,742

Acquisition costs and adjustments
(3,224
)
Reversal of excess prior year restructuring reserves
(3,065
)
Pre-tax restructuring, integration and other charges
$
149,501

After tax restructuring, integration and other charges
$
116,382

Restructuring, integration and other charges per share on a diluted basis
$
0.83

  
During fiscal 2012, the Company incurred charges related primarily to the acquisition and integration activities associated with acquired businesses (see Note 2) and also recorded credits related to prior restructuring reserves and acquisition adjustments.
 
Year Ended
 
June 30, 2012
 
(Thousands)
Restructuring charges
$
50,253

Integration costs
9,392

Acquisition costs
10,561

Reversal of excess prior year restructuring reserves
(3,286
)
Prior year acquisition adjustments
6,665

Pre-tax restructuring, integration and other charges
$
73,585

After tax restructuring, integration and other charges
$
52,963

Restructuring, integration and other charges per share on a diluted basis
$
0.35

  
 
Year Ended
 
July 2, 2011
 
(Thousands)
Restructuring charges
$
47,763

Integration costs
25,068

Acquisition costs
15,597

Reversal of excess prior year restructuring reserves
(6,076
)
Prior year acquisition adjustments
(5,176
)
Pre-tax restructuring, integration and other charges
$
77,176

After tax restructuring, integration and other charges
$
56,169

Restructuring, integration and other charges per share on a diluted basis
$
0.36

  
Activity related to the restructuring reserves  
The activity related to the restructuring charges incurred during fiscal 2013 is presented in the following table:
 
Severance
Reserves
 
Facility
Exit Costs
 
Other
 
Total
 
(Thousands)
Fiscal 2013 pre-tax charges
$
73,337

 
$
34,373

 
$
12,338

 
$
120,048

Cash payments
(47,930
)
 
(3,421
)
 
(2,116
)
 
(53,467
)
Non-cash write-downs
—

 
(14,550
)
 
(9,765
)
 
(24,315
)
Other, principally foreign currency translation
(153
)
 
(191
)
 
(87
)
 
(431
)
Balance at June 29, 2013
$
25,254

 
$
16,211

 
$
370

 
$
41,835

  
The fiscal 2013 activity related to the remaining restructuring reserves from fiscal 2012 is presented in the following table:
 
Severance
Reserves
 
Facility
Exit Costs
 
Other
 
Total
 
(Thousands)
Balance at June 30, 2012
$
9,746

 
$
4,544

 
$
1,347

 
$
15,637

Cash payments
(7,899
)
 
(2,495
)
 
(939
)
 
(11,333
)
Adjustments
(1,091
)
 
(1,019
)
 
(153
)
 
(2,263
)
Other, principally foreign currency translation
183

 
14

 
33

 
230

Balance at June 29, 2013
$
939

 
$
1,044

 
$
288

 
$
2,271

  
In addition to the fiscal 2011 restructuring activity, the Company incurred restructuring charges under prior restructuring plans. The fiscal 2013 activity related to the remaining reserves associated with these restructuring actions is presented in the following table:
 
Severance
Reserves
 
Facility
Exit Costs
 
Other
 
Total
 
(Thousands)
Balance at June 30, 2012
$
443

 
$
4,977

 
$
905

 
$
6,325

Cash payments
(138
)
 
(2,791
)
 
(120
)
 
(3,049
)
Adjustments
(158
)
 
(616
)
 
(117
)
 
(891
)
Other, principally foreign currency translation
20

 
12

 
(1
)
 
31

Balance at June 29, 2013
$
167

 
$
1,582

 
$
667

 
$
2,416