Brinker International (EAT) 10-Q 4 Nov 13 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Sep. 25, 2013	Oct. 28, 2013
Entity Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	25-Sep-13	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Entity Registrant Name	'BRINKER INTERNATIONAL INC	'
Entity Central Index Key	'0000703351	'
Current Fiscal Year End Date	'--06-25	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	67,025,044

Consolidated_Balance_Sheets_Un

Consolidated Balance Sheets (Unaudited) (USD $)	Sep. 25, 2013	Jun. 26, 2013
In Thousands, unless otherwise specified
Current Assets:	'	'
Cash and cash equivalents	$55,604	$59,367
Accounts receivable	29,518	37,842
Inventories	24,097	24,628
Prepaid expenses and other	71,384	71,824
Income taxes receivable	9,072	4,930
Total current assets	189,675	198,591
Property and Equipment, at Cost:	'	'
Land	148,895	147,581
Buildings and leasehold improvements	1,447,509	1,435,426
Furniture and equipment	585,184	580,115
Construction-in-progress	14,292	20,588
Property plant and equipment gross	2,195,880	2,183,710
Less accumulated depreciation and amortization	-1,167,801	-1,147,895
Net property and equipment	1,028,079	1,035,815
Other Assets:	'	'
Goodwill	133,260	142,103
Deferred income taxes	21,139	24,064
Other	61,029	52,030
Total other assets	215,428	218,197
Total assets	1,433,182	1,452,603
Current Liabilities:	'	'
Current installments of long-term debt	27,566	27,596
Accounts payable	85,617	93,326
Accrued liabilities	250,472	268,444
Deferred income taxes	3,237	845
Total current liabilities	366,892	390,211
Long-term debt, less current installments	813,268	780,121
Other liabilities	133,032	132,914
Commitments and Contingencies (Note 8)	'	'
Shareholders’ Equity:	'	'
Common stock—250,000,000 authorized shares; $0.10 par value; 176,246,649 shares issued and 66,944,050 shares outstanding at September 25, 2013, and 176,246,649 shares issued and 67,444,099 shares outstanding at June 26, 2013	17,625	17,625
Additional paid-in capital	469,156	477,420
Retained earnings	2,230,505	2,217,623
Shareholders' equity including treasury stock	2,717,286	2,712,668
Less treasury stock, at cost (109,302,599 shares at September 25, 2013 and 108,802,550 shares at June 26, 2013)	-2,597,296	-2,563,311
Total shareholders’ equity	119,990	149,357
Total liabilities and shareholders’ equity	$1,433,182	$1,452,603

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 25, 2013	Jun. 26, 2013
Common Stock, authorized shares	250,000,000	250,000,000
Common Stock, par value	$0.10	$0.10
Common Stock, shares issued	176,246,649	176,246,649
Common Stock, shares outstanding	66,944,050	67,444,099
Treasury Stock, shares	109,302,599	108,802,550

Consolidated_Statements_of_Inc

Consolidated Statements of Income (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 25, 2013	Sep. 26, 2012
Income Statement [Abstract]	'	'
Company sales	$664,502	$663,668
Franchise and other revenues	19,422	19,839
Total revenues	683,924	683,507
Operating costs and expenses:	'	'
Cost of sales	180,658	184,695
Restaurant labor	218,716	218,866
Restaurant expenses	166,954	163,053
Company restaurant expenses	566,328	566,614
Depreciation and amortization	33,156	32,629
General and administrative	34,421	37,273
Other gains and charges	1,006	447
Total operating costs and expenses	634,911	636,963
Operating income	49,013	46,544
Interest expense	7,013	6,889
Other, net	-582	-797
Income before provision for income taxes	42,582	40,452
Provision for income taxes	13,370	12,588
Net income	$29,212	$27,864
Basic net income per share	$0.44	$0.38
Diluted net income per share	$0.42	$0.36
Basic weighted average shares outstanding	66,693	73,903
Diluted weighted average shares outstanding	68,802	76,558
Dividends per share	$0.24	$0.20

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 25, 2013	Sep. 26, 2012
Cash Flows from Operating Activities:	'	'
Net income	$29,212	$27,864
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	33,156	32,629
Stock-based compensation	5,000	6,521
Deferred income taxes	1,862	3,404
Restructure charges and other impairments	640	447
Net loss on disposal of assets	1,199	945
(Gain) loss on equity investments	-122	648
Other	165	68
Changes in assets and liabilities:	'	'
Accounts receivable	8,429	8,697
Inventories	531	-256
Prepaid expenses and other	1,404	2,672
Other assets	-727	-997
Accounts payable	-4,469	-20,666
Accrued liabilities	-20,213	-29,891
Current income taxes	-1,494	546
Other liabilities	843	309
Net cash provided by operating activities	55,416	32,940
Cash Flows from Investing Activities:	'	'
Payments for property and equipment	-29,844	-37,001
Proceeds from sale of assets	0	649
Net cash used in investing activities	-29,844	-36,352
Cash Flows from Financing Activities:	'	'
Purchases of treasury stock	-66,301	-86,331
Borrowings on revolving credit facility	60,000	90,000
Payments on revolving credit facility	-20,000	0
Payments of dividends	-15,281	-12,803
Excess tax benefits from stock-based compensation	13,924	6,493
Payments on long-term debt	-6,630	-6,595
Proceeds from issuances of treasury stock	4,953	17,855
Net cash (used in) provided by financing activities	-29,335	8,619
Net change in cash and cash equivalents	-3,763	5,207
Cash and cash equivalents at beginning of period	59,367	59,103
Cash and cash equivalents at end of period	$55,604	$64,310

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Sep. 25, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
BASIS OF PRESENTATION	'
	BASIS OF PRESENTATION
	References to “Brinker,” “the Company,” “we,” “us” and “our” in this Form 10-Q are references to Brinker International, Inc. and its subsidiaries and any predecessor companies of Brinker International, Inc.
	Our consolidated financial statements as of September 25, 2013 and June 26, 2013 and for the thirteen week periods ended September 25, 2013 and September 26, 2012 have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). We are principally engaged in the ownership, operation, development, and franchising of the Chili’s Grill & Bar (“Chili’s”) and Maggiano’s Little Italy (“Maggiano’s”) restaurant brands. At September 25, 2013, we owned, operated or franchised 1,596 restaurants in the United States and 31 countries and two territories outside of the United States.
	The preparation of the consolidated financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and costs and expenses during the reporting period. Actual results could differ from those estimates.
	The information furnished herein reflects all adjustments (consisting only of normal recurring accruals and adjustments) which are, in our opinion, necessary to fairly state the interim operating results for the respective periods. However, these operating results are not necessarily indicative of the results expected for the full fiscal year. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted pursuant to SEC rules and regulations. The notes to the consolidated financial statements (unaudited) should be read in conjunction with the notes to the consolidated financial statements contained in the June 26, 2013 Form 10-K. We believe the disclosures are sufficient for interim financial reporting purposes.

ACQUISITION_OF_CHILIS_RESTAURA

ACQUISITION OF CHILI'S RESTAURANTS Acquisition (Notes)	3 Months Ended
	Sep. 25, 2013
ACQUISITION OF CHILI'S RESTAURANTS [Abstract]	'
Business Combination Disclosure [Text Block]	'
	ACQUISITION OF CHILI'S RESTAURANTS
	On June 1, 2013, we completed the acquisition of 11 Chili's restaurants in Alberta, Canada from an existing franchisee for $24.6 million in cash. The results of operations of the Canadian restaurants are included in our consolidated financial statements from the date of acquisition. The assets and liabilities of the Canadian restaurants were recorded at their respective fair values as of the date of acquisition. During the first quarter of fiscal 2014, we completed the valuation of the reacquired franchise rights and recorded the asset at an estimated fair value of $8.9 million in other assets on the consolidated balance sheet, with a corresponding decrease to goodwill.
	The excess of the purchase price over the aggregate fair value of net assets acquired was allocated to goodwill. We expect the majority of the goodwill balance to be deductible for tax purposes. The portion of the purchase price attributable to goodwill represents benefits expected as a result of the acquisition, including sales and unit growth opportunities. We do not expect any further material adjustments to the purchase price allocation. Pro-forma financial information of the combined entities for periods prior to the acquisition is not presented due to the immaterial impact of the financial results of the Canadian restaurants on our consolidated financial statements.

EARNINGS_PER_SHARE

EARNINGS PER SHARE	3 Months Ended
	Sep. 25, 2013
Earnings Per Share [Abstract]	'
EARNINGS PER SHARE	'
	EARNINGS PER SHARE
	Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding for the reporting period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the calculation of diluted earnings per share, the basic weighted average number of shares is increased by the dilutive effect of stock options and restricted share awards determined using the treasury stock method. We had approximately 333,000 stock options and restricted share awards outstanding at September 25, 2013 and 724,000 stock options and restricted share awards outstanding at September 26, 2012 that were not included in the dilutive earnings per share calculation because the effect would have been anti-dilutive.

LONGTERM_DEBT

LONG-TERM DEBT	3 Months Ended
	Sep. 25, 2013
Debt Disclosure [Abstract]	'
LONG-TERM DEBT	'
	LONG-TERM DEBT
	Long-term debt consists of the following (in thousands):
		September 25,			June 26,
		2013			2013
	3.88% notes	$	299,714		$	299,707
	2.60% notes	249,838			249,829
	Term loan	206,250			212,500
	Revolving credit facility	40,000			0
	Capital lease obligations	45,032			45,681
		840,834			807,717
	Less current installments	(27,566		)	(27,596		)
		$	813,268		$	780,121
	During the first quarter of fiscal 2014, $60 million was drawn on the revolver primarily to fund share repurchases. We repaid $20 million of the outstanding balance leaving $210 million of credit available under the revolver as of September 25, 2013.
	The term loan and revolving credit facility bear interest of LIBOR plus an applicable margin, which is a function of our credit rating and debt to cash flow ratio, but is subject to a maximum of LIBOR plus 2.50%. Based on our current credit rating, we are paying interest at a rate of LIBOR plus 1.63%. One month LIBOR at September 25, 2013 was approximately 0.18%. Our debt agreements contain various financial covenants that, among other things, require the maintenance of certain leverage and fixed charge coverage ratios. We are currently in compliance with all financial covenants.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Sep. 25, 2013
Fair Value Disclosures [Abstract]	'
FAIR VALUE MEASUREMENTS	'
	FAIR VALUE MEASUREMENTS
	Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. In determining fair value, the accounting standards establish a three level hierarchy for inputs used in measuring fair value, as follows:
	•	Level 1 – inputs are quoted prices in active markets for identical assets or liabilities.
	•	Level 2 – inputs are observable for the asset or liability, either directly or indirectly, including quoted prices in active markets for similar assets or liabilities.
	•	Level 3 – inputs are unobservable and reflect our own assumptions.
	(a)	Non-Financial Assets Measured on a Non-Recurring Basis
	We review the carrying amount of property and equipment and liquor licenses in the second and fourth quarters or when events or circumstances indicate that the carrying amount may not be recoverable. If the carrying amount is not recoverable, we record an impairment charge for the excess of the carrying amount over the fair value. No impairment charges were recorded in the first quarters of fiscal 2014 and fiscal 2013.
	(b)	Other Financial Instruments
	Our financial instruments consist of cash and cash equivalents, accounts receivable, accounts payable and long-term debt. The fair value of cash and cash equivalents, accounts receivable and accounts payable approximates their carrying amounts while the fair value of the 2.60% notes and 3.88% notes is based on quoted market prices. At September 25, 2013, the 2.60% notes had a carrying value of $249.8 million and a fair value of $248.5 million and the 3.88% notes had a carrying value of $299.7 million and a fair value of $281.6 million. At June 26, 2013, the 2.60% notes had a carrying value of $249.8 million and a fair value of $244.2 million and the 3.88% notes had a carrying value of $299.7 million and a fair value of $279.5 million. The carrying amount of debt outstanding pursuant to the term loan and revolving credit facility approximates fair value as interest rates on these instruments approximate current market rates.

SHAREHOLDERS_EQUITY

SHAREHOLDERS' EQUITY	3 Months Ended
	Sep. 25, 2013
Stockholders' Equity Note [Abstract]	'
SHAREHOLDERS' EQUITY	'
	SHAREHOLDERS’ EQUITY
	In August 2013, our Board of Directors authorized a $200.0 million increase to our existing share repurchase program. We repurchased approximately 1.6 million shares of our common stock for $66.3 million during the first quarter of fiscal 2014. As of September 25, 2013, approximately $479.4 million was available under our share repurchase authorizations. Our stock repurchase plan has been and will be used to return capital to shareholders and to minimize the dilutive impact of stock options and other share-based awards. We evaluate potential share repurchases under our plan based on several factors, including our cash position, share price, operational liquidity, proceeds from divestitures, borrowing and planned investment and financing needs. Repurchased common stock is reflected as a reduction of shareholders’ equity.
	During the first quarter of fiscal 2014, we granted approximately 175,000 stock options with a weighted average exercise price of $40.85 and a weighted average fair value of $15.65, and approximately 414,000 restricted share awards with a weighted average fair value of $39.12. Additionally, during the first quarter of fiscal 2014, approximately 219,000 stock options were exercised resulting in cash proceeds of $5.0 million. We received an excess tax benefit from stock-based compensation of $14.0 million during the first quarter primarily as a result of the normally scheduled distribution of restricted stock grants and performance shares.
	During the first quarter of fiscal 2014, we paid dividends of $15.3 million to common stock shareholders, compared to $12.8 million in the prior year. Our Board of Directors approved a 20 percent increase in the quarterly dividend from $0.20 to $0.24 per share effective with the dividend declared in August 2013 of $16.0 million paid on September 26, 2013.

SUPPLEMENTAL_CASH_FLOW_INFORMA

SUPPLEMENTAL CASH FLOW INFORMATION	3 Months Ended
	Sep. 25, 2013
Supplemental Cash Flow Information [Abstract]	'
SUPPLEMENTAL CASH FLOW INFORMATION	'
	SUPPLEMENTAL CASH FLOW INFORMATION
	Cash (refunded) paid for income taxes and paid for interest in the first quarter of fiscal 2014 and 2013 are as follows (in thousands):
		September 25,			September 26,
		2013			2012
	Income taxes, net of refunds	$	(1,729	)	$	1,215
	Interest, net of amounts capitalized	1,808			2,393
	Non-cash investing activities for the first quarter of fiscal 2014 and 2013 are as follows (in thousands):
		September 25,			September 26,
		2013			2012
	Retirement of fully depreciated assets	$	9,514		$	11,508

CONTINGENCIES

CONTINGENCIES	3 Months Ended
	Sep. 25, 2013
Commitments and Contingencies Disclosure [Abstract]	'
CONTINGENCIES	'
	CONTINGENCIES
	In connection with the sale of restaurants to franchisees and brand divestitures, we have, in certain cases, guaranteed lease payments. As of September 25, 2013 and June 26, 2013, we have outstanding lease guarantees or are secondarily liable for $127.0 million and $132.6 million, respectively. This amount represents the maximum potential liability of future payments under the guarantees. These leases have been assigned to the buyers and expire at the end of the respective lease terms, which range from fiscal 2014 through fiscal 2024. In the event of default, the indemnity and default clauses in our assignment agreements govern our ability to pursue and recover damages incurred. No material liabilities have been recorded as of September 25, 2013.
	In August 2004, certain current and former hourly restaurant team members filed a putative class action lawsuit against us in California Superior Court alleging violations of California labor laws with respect to meal periods and rest breaks. The lawsuit sought penalties and attorney’s fees and was certified as a class action by the trial court in July 2006. In July 2008, the California Court of Appeal decertified the class action on all claims with prejudice. In October 2008, the California Supreme Court granted a writ to review the decision of the Court of Appeal and oral arguments were heard by the California Supreme Court on November 8, 2011. On April 12, 2012, the California Supreme Court issued an opinion affirming in part, reversing in part, and remanding in part for further proceedings. The California Supreme Court’s opinion resolved many of the legal standards for meal periods and rest breaks in our California restaurants. On September 26, 2013, the trial court granted plaintiffs’ motion to certify a meal period subclass and denied our motion to decertify the rest period subclass. We intend to continue our vigorous defense of this lawsuit. Given the trial court’s recent ruling, Management believes it is reasonably possible that a loss has been incurred but the amount cannot be reasonably estimated at this time given there are significant issues to be resolved that will have a material impact on the potential range of loss.
	We are engaged in various other legal proceedings and have certain unresolved claims pending. Reserves have been established based on our best estimates of our potential liability in certain of these matters. Management is of the opinion that, apart from the discussion above, there are no matters pending or threatened which are likely to have a material adverse effect, individually or in the aggregate, on our consolidated financial condition or results of operations. However, Management understands that evaluating contingencies related to litigation is a complex process involving subjective judgment on the potential outcome of future events and the ultimate resolution of litigated claims may differ from our current analysis. Accordingly, we review the adequacy of accruals and disclosures pertaining to litigated matters each quarter in consultation with legal counsel and we assess the probability and range of possible losses associated with contingencies for potential accrual in the consolidated financial statements.

LONGTERM_DEBT_Tables

LONG-TERM DEBT (Tables)	3 Months Ended
	Sep. 25, 2013
Debt Disclosure [Abstract]	'
Long-Term Debt	'
	Long-term debt consists of the following (in thousands):
		September 25,			June 26,
		2013			2013
	3.88% notes	$	299,714		$	299,707
	2.60% notes	249,838			249,829
	Term loan	206,250			212,500
	Revolving credit facility	40,000			0
	Capital lease obligations	45,032			45,681
		840,834			807,717
	Less current installments	(27,566		)	(27,596		)
		$	813,268		$	780,121

SUPPLEMENTAL_CASH_FLOW_INFORMA1

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	3 Months Ended
	Sep. 25, 2013
Supplemental Cash Flow Information [Abstract]	'
Cash Paid for Interest and Income Taxes	'
	Cash (refunded) paid for income taxes and paid for interest in the first quarter of fiscal 2014 and 2013 are as follows (in thousands):
		September 25,			September 26,
		2013			2012
	Income taxes, net of refunds	$	(1,729	)	$	1,215
	Interest, net of amounts capitalized	1,808			2,393
Non-Cash Investing Activities	'
	Non-cash investing activities for the first quarter of fiscal 2014 and 2013 are as follows (in thousands):
		September 25,			September 26,
		2013			2012
	Retirement of fully depreciated assets	$	9,514		$	11,508

Basis_of_Presentation_Addition

Basis of Presentation - Additional Information (Detail)	Sep. 25, 2013
	Location
	Country
	Restaurants
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Number of entity restaurants	1,596
Number of countries in which entity operates	31
Number of territories in which entity operates	2

ACQUISITION_OF_CHILIS_RESTAURA1

ACQUISITION OF CHILI'S RESTAURANTS Acquisition (Details) (Chilis Restaurants [Member], USD $)	0 Months Ended	3 Months Ended
In Millions, unless otherwise specified	Jun. 01, 2013	Sep. 25, 2013
	restaurant
Chilis Restaurants [Member]	'	'
Business Acquisition [Line Items]	'	'
Number of Businesses Acquired	11	'
Payments to Acquire Businesses, Gross	$24.60	'
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Other Assets	'	$8.90

Earning_Per_Share_Additional_I

Earning Per Share - Additional Information (Detail)	3 Months Ended
	Sep. 25, 2013	Sep. 26, 2012
Earnings Per Share [Abstract]	'	'
Stock options and restricted share awards outstanding	333,000	724,000

LongTerm_Debt_LongTerm_Debt_De

Long-Term Debt - Long-Term Debt (Detail) (USD $)	Sep. 25, 2013	Jun. 26, 2013
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'	'
Capital lease obligations	$45,032	$45,681
Long-term debt and capital lease obligations, including current maturities	840,834	807,717
Less current installments	-27,566	-27,596
Long-term debt, less current installments	813,268	780,121
3.88% notes [Member]	'	'
Debt Instrument [Line Items]	'	'
Senior Notes	299,714	299,707
2.60% notes [Member]	'	'
Debt Instrument [Line Items]	'	'
Senior Notes	249,838	249,829
Revolver Borrowings [Member]	'	'
Debt Instrument [Line Items]	'	'
Revolving credit facility	40,000	0
Term Loan [Member]	'	'
Debt Instrument [Line Items]	'	'
Term loan	$206,250	$212,500

LongTerm_Debt_Additional_Infor

Long-Term Debt - Additional Information (Detail) (USD $)	3 Months Ended
	Sep. 25, 2013	Sep. 26, 2012
Line of Credit Facility [Line Items]	'	'
Repayments of Lines of Credit	$20,000,000	$0
Revolver Borrowings [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Drawn from revolver to fund share repurchases	60,000,000	'
Repayments of Lines of Credit	20,000,000	'
Debt available under revolving credit facility	$210,000,000	'
Revised Unsecured Senior Credit Facility [Member]	'	'
Line of Credit Facility [Line Items]	'	'
One-month LIBOR	0.18%	'
Revised Unsecured Senior Credit Facility [Member] | Maximum [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Basis spread on variable rate	2.50%	'
Revised Unsecured Senior Credit Facility [Member] | Minimum [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Basis spread on variable rate	1.63%	'

Fair_Value_Measurements_Additi

Fair Value Measurements - Additional information (Detail) (USD $)	Sep. 25, 2013	Jun. 26, 2013
2.60% notes [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Senior Notes	$249,838,000	$249,829,000
Long-term Debt, Fair Value	248,500,000	244,200,000
3.88% notes [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Senior Notes	299,714,000	299,707,000
Long-term Debt, Fair Value	$281,600,000	$279,500,000

Shareholders_Equity_Additional

Shareholder's Equity - Additional information (Detail) (USD $)	0 Months Ended	3 Months Ended
	Sep. 26, 2013	Sep. 25, 2013	Jun. 26, 2013	Sep. 26, 2012
Stockholders' Equity Note [Abstract]	'	'	'	'
Increase in share repurchase program	'	$200,000,000	'	'
Shares repurchased, shares	'	1,600,000	'	'
Shares repurchased, value	'	66,301,000	'	86,331,000
Amount available under share repurchase authorizations	'	479,400,000	'	'
Stock option, granted	'	175,000	'	'
Stock option, exercise price	'	$40.85	'	'
Stock option, fair value	'	$15.65	'	'
Restricted share awards, granted	'	414,000	'	'
Restricted share awards, weighted average fair value	'	$39.12	'	'
Stock option exercised, shares	'	219,000	'	'
Cash proceeds from stock option exercised	'	4,953,000	'	17,855,000
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation	'	14,000,000	'	'
Cash dividends paid	$16,000,000	$15,281,000	'	$12,803,000
Percentage increase in quarterly dividend declared	'	20.00%	'	'
Dividends per share declared	'	$0.24	$0.20	$0.20
Dividends Payable, Date to be Paid	26-Sep-13	'	'	'

Recovered_Sheet1

Supplemental Cash Flow Information - Cash Paid for Interest and Income Taxes (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 25, 2013	Sep. 26, 2012
Supplemental Cash Flow Information [Abstract]	'	'
Income taxes, net of refunds	($1,729)	$1,215
Interest, net of amounts capitalized	$1,808	$2,393

Recovered_Sheet2

Supplemental Cash Flow Information - Non-Cash Investing Activities (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 25, 2013	Sep. 26, 2012
Supplemental Cash Flow Information [Abstract]	'	'
Retirement of fully depreciated assets	$9,514	$11,508

Contingencies_Additional_infor

Contingencies - Additional information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Sep. 25, 2013	Sep. 25, 2013	Jun. 26, 2013
	LegalMatter	Lease Guarantees And Secondary Obligations [Member]	Lease Guarantees And Secondary Obligations [Member]
Guarantor Obligations [Line Items]	'	'	'
Maximum potential liability of future payments under guarantees	'	$127	$132.60
Description of material contingencies	'No material liabilities have been recorded as of September 25, 2013.	'	'
Number of threatened or pending claims expected to have a material adverse effect	0	'	'