Shareholders' Equity

3 Months Ended

Sep. 28, 2013

Equity [Abstract]

Shareholders' equity

Shareholders' equity

Accumulated other comprehensive income (loss)

The following table presents the balances of accumulated other comprehensive income by component at September 28, 2013 and June 29, 2013:

	September 28, 2013			June 29, 2013
	(Thousands)
Accumulated translation adjustments, net	$	227,342		$	135,395
Accumulated pension liability adjustments, net of income taxes	(106,433		)	(106,500		)
Total	$	120,909		$	28,895

During the first quarter of fiscal 2014 and fiscal 2013 the reclassifications out of accumulated other comprehensive income into net income were not material.

Share repurchase program

In August 2012, the Company’s Board of Directors amended the Company's existing share repurchase program to authorize the repurchase of up to $750,000,000 of common stock in the open market or through privately negotiated transactions. The timing and actual number of shares purchased will depend on a variety of factors such as price, corporate and regulatory requirements, and prevailing market conditions. During the first quarter of fiscal 2014, the Company did not repurchase any shares under this program. Since the beginning of the repurchase program through the end of the first quarter of fiscal 2014, the Company has repurchased 17,890,000 shares of stock at an aggregate cost of $525,525,000, and $224,475,000 remains available for future repurchases under the share repurchase program.

Common stock dividend

In August 2013, the Company's Board of Directors approved a dividend of $0.15 per common share to the shareholders of record on September 10, 2013. Dividend payments of $20,620,000 were made in September 2013.