Fair Value Measurements (Notes)

3 Months Ended

Oct. 02, 2011

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Measurements

The following guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels:

Level 1: Quoted prices for identical instruments in active markets.

Level 2: Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-driven valuations whose inputs are observable or whose significant value drivers are observable.

Level 3: Significant inputs to the valuation model are unobservable.

The following table presents information about the Company’s financial assets and liabilities measured at fair value on a recurring basis as of October 2, 2011 and July 3, 2011 (in thousands):

			Fair Value Measurement Using
	October 2, 2011		Level 1		Level 2		Level 3
Assets:
Derivatives	$	5,258	$	5,258	$	—	$	—
Liabilities:
Derivatives	$	7,433	$	472	$	6,961	$	—
			Fair Value Measurement Using
	July 3, 2011		Level 1		Level 2		Level 3
Assets:
Derivatives	$	134	$	108	$	26	$	—
Liabilities:
Derivatives	$	5,858	$	3,830	$	2,028	$	—