Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Dec. 30, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Contracts

As of December 30, 2012 and July 1, 2012, the Company had the following outstanding derivative contracts (in thousands):

Contract		Notional Amount
		December 30, 2012	July 1, 2012
Interest Rate:
LIBOR Interest Rate (U.S. Dollars)	Fixed	85,000	85,000
Foreign Currency:
Australian Dollar	Sell	21,740	28,258
Canadian Dollar	Sell	3,250	—
Euro	Sell	61,000	53,500
Japanese Yen	Buy	1,210,000	695,000
Commodity:
Natural Gas (Therms)	Buy	5,469	5,614
Aluminum (Metric Tons)	Buy	23	24

Schedule of Derivative Instruments in Consolidated Condensed Balance Sheets, Fair Value

The location and fair value of derivative instruments reported in the Consolidated Condensed Balance Sheets are as follows (in thousands):

Balance Sheet Location	Asset (Liability) Fair Value
	December 30, 2012			July 1, 2012
Interest rate contract
Other Long-Term Liabilities	$	(2,900	)	$	(2,341	)
Foreign currency contracts
Other Current Assets	89			1,888
Other Long-Term Assets	16			24
Accrued Liabilities	(3,253		)	(452		)
Other Long-Term Liabilities	(403		)	—
Commodity contracts
Other Current Assets	27			14
Other Long-Term Assets	15			—
Accrued Liabilities	(4,736		)	(8,510		)
	$	(11,145	)	$	(9,377	)

Schedule of Derivative Instruments, Gain (Loss) in Consolidated Condensed Statements of Operations

The effect of derivatives designated as hedging instruments on the Consolidated Condensed Statements of Operations is as follows (in thousands):

	Three months ended December 30, 2012
	Recognized in Earnings
	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives, Net of Taxes (Effective Portion)			Classification of Gain (Loss)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Recognized in Earnings (Ineffective Portion)
Interest rate contract	$	112		Net Sales	$	—		$	—
Foreign currency contracts - sell	(901		)	Net Sales	(486		)	—
Foreign currency contracts - buy	(251		)	Cost of Goods Sold	(201		)	—
Commodity contracts	(656		)	Cost of Goods Sold	(2,914		)	—
	$	(1,696	)		$	(3,601	)	$	—

	Three months ended January 1, 2012
	Recognized in Earnings
	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives, Net of Taxes (Effective Portion)			Classification of Gain (Loss)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Recognized in Earnings (Ineffective Portion)
Interest rate contract	$	(304	)	Net Sales	$	—		$	—
Foreign currency contracts - sell	(401		)	Net Sales	1,182			—
Foreign currency contracts - buy	—			Cost of Goods Sold	(57		)	—
Commodity contracts	(2,387		)	Cost of Goods Sold	(903		)	8
	$	(3,092	)		$	222		$	8

	Six months ended December 30, 2012
	Recognized in Earnings
	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives, Net of Taxes (Effective Portion)			Classification of Gain (Loss)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Recognized in Earnings (Ineffective Portion)
Interest rate contract	$	(341	)	Net Sales	$	—		$	—
Foreign currency contracts - sell	(1,834		)	Net Sales	88			—
Foreign currency contracts - buy	(261		)	Cost of Goods Sold	(73		)	—
Commodity contracts	1,795			Cost of Goods Sold	(4,091		)	—
	$	(641	)		$	(4,076	)	$	—

	Six months ended January 1, 2012
	Recognized in Earnings
	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives, Net of Taxes (Effective Portion)			Classification of Gain (Loss)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Recognized in Earnings (Ineffective Portion)
Interest rate contract	$	(513	)	Net Sales	$	—		$	—
Foreign currency contracts - sell	2,753			Net Sales	(62		)	—
Foreign currency contracts - buy	—			Cost of Goods Sold	(57		)	—
Commodity contracts	(5,342		)	Cost of Goods Sold	(1,241		)	(22		)
	$	(3,102	)		$	(1,360	)	$	(22	)