Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Dec. 29, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Contracts

As of December 29, 2013 and June 30, 2013, the Company had the following outstanding derivative contracts (in thousands):

Contract		Notional Amount
		December 29, 2013	June 30, 2013
Interest Rate:
LIBOR Interest Rate (U.S. Dollars)	Fixed	95,000	95,000
Foreign Currency:
Australian Dollar	Sell	9,176	6,392
Euro	Sell	35,650	31,000
Japanese Yen	Buy	890,000	905,000
Mexican Peso	Sell	—	3,345
Commodity:
Aluminum (Metric Tons)	Buy	8	18
Natural Gas (Therms)	Buy	4,594	5,423

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

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

Balance Sheet Location	Asset (Liability) Fair Value
	December 29, 2013			June 30, 2013
Interest rate contracts
Other Long-Term Assets	$	343		$	257
Other Long-Term Liabilities	(1,090		)	(1,020		)
Foreign currency contracts
Other Current Assets	666			1,752
Accrued Liabilities	(2,245		)	(1,138		)
Commodity contracts
Other Current Assets	150			—
Accrued Liabilities	(1,787		)	(3,250		)
Other Long-Term Liabilities	—			(5		)
	$	(3,963	)	$	(3,404	)

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

The effect of derivative instruments on the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) is as follows (in thousands):

	Three months ended December 29, 2013
	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 contracts	$	255		Net Sales	$	(301	)	$	—
Foreign currency contracts - sell	(151		)	Net Sales	(115		)	—
Foreign currency contracts - buy	(67		)	Cost of Goods Sold	(172		)	—
Commodity contracts	1,431			Cost of Goods Sold	(2,160		)	—
	$	1,468			$	(2,748	)	$	—

	Three months ended December 30, 2012
	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 contracts	$	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	)	$	—

	Six months ended December 29, 2013
	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 contracts	$	5		Net Sales	$	(597	)	$	—
Foreign currency contracts - sell	(1,099		)	Net Sales	(110		)	—
Foreign currency contracts - buy	(28		)	Cost of Goods Sold	(639		)	—
Commodity contracts	2,309			Cost of Goods Sold	(3,658		)	—
	$	1,187			$	(5,004	)	$	—

	Six months ended December 30, 2012
	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 contracts	$	(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	)	$	—