The gross carrying amount of intellectual property rights subject to amortization totaled $6.4 million at
June 26, 2002 and June 27, 2001. Accumulated amortization related to these intangible assets totaled
approximately $1.2 million and $960,000 at June 26, 2002 and June 27, 2001, respectively. The carrying amount of
reacquired development rights not subject to amortization totaled $4.4 million at June 26, 2002 and June 27,
2001.
The changes in the carrying amount of goodwill for the fiscal year ended June 26, 2002 are as follows (in
thousands):
| Balance, June 27, 2001 |
|
$ 138,127 |
| Goodwill arising from acquisitions |
55,473 |
| Other adjustments |
299 |
|
|
| Balance, June 26, 2002 |
$ 193,899 |
|
|
|
|
|
The pro forma effects of the adoption of SFAS No. 142 on net income is as follows (in thousands, net of
taxes):
| |
|
2002 |
|
2001 |
|
2000 |
|
|
|
|
| Net income, as reported |
$ |
152,713 |
$ |
145,148 |
$ |
117,840 |
| Intangible amortization |
|
— |
|
2,349 |
|
1,843 |
|
|
|
|
| Net income, pro forma |
$ |
152,713 |
$ |
147,497 |
$ |
119,683 |
|
|
|
|
|
|
|
|
|
The pro forma effects of the adoption of SFAS No. 142 on basic and diluted earnings per share is as follows:
| |
|
2002 |
|
2001 |
|
2000 |
|
|
|
|
| Basic net income per share, as reported |
$ |
1.56 |
$ |
1.46 |
$ |
1.20 |
| Basic net income per share, pro forma |
|
1.56 |
|
1.49 |
|
1.22 |
| Diluted net income per share, as reported |
|
1.52 |
|
1.42 |
|
1.17 |
| Diluted net income per share, pro forma |
|
1.52 |
|
1.44 |
|
1.18 |
|
