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Derivative Instruments and Hedging Activities (Tables)
 6 Months Ended
Dec. 28, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Contracts
As of December 28, 2014 and June 29, 2014, the Company had the following outstanding derivative contracts (in thousands):
Contract
 
Notional Amount
 
 
 
 
December 28,
2014
 
June 29,
2014
Interest Rate:
 
 
 
 
 
 
LIBOR Interest Rate (U.S. Dollars)
 
Fixed
 
95,000

 
95,000

Foreign Currency:
 
 
 
 
 
 
Australian Dollar
 
Sell
 
9,764

 
19,904

Brazilian Real
 
Sell
 
18,452

 
—

Canadian Dollar
 
Sell
 
6,450

 
3,100

Chinese Renminbi
 
Buy
 
151,075

 
—

Euro
 
Sell
 
45,200

 
49,300

Euro
 
Buy
 
6,000

 
—

Japanese Yen
 
Buy
 
1,030,000

 
530,000

Mexican Peso
 
Sell
 
—

 
3,000

Commodity:
 
 
 
 
 
 
Natural Gas (Therms)
 
Buy
 
10,041

 
5,686
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 28,
2014
 
June 29,
2014
Interest rate contracts
 
 
 
 
Other Long-Term Assets
 
$
56

 
$
43

Other Long-Term Liabilities
 
(795
)
 
(1,209
)
Foreign currency contracts
 
 
 
 
Other Current Assets
 
8,245

 
337

Other Long-Term Assets
 
438

 
12

Accrued Liabilities
 
(1,168
)
 
(665
)
Other Long-Term Liabilities
 
—

 
(9
)
Commodity contracts
 
 
 
 
Other Current Assets
 
—

 
39

Accrued Liabilities
 
(630
)
 
(35
)
Other Long-Term Liabilities
 
(143
)
 
(14
)
 
 
$
6,003

 
$
(1,501
)
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 28, 2014
 
 
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
 
$
(89
)
 
Net Sales
 
$
(314
)
 
$
—

Foreign currency contracts - sell
 
394

 
Net Sales
 
2,079

 
—

Foreign currency contracts - buy
 
(251
)
 
Cost of Goods Sold
 
(175
)
 
—

Commodity contracts
 
(215
)
 
Cost of Goods Sold
 
(343
)
 
—

 
 
$
(161
)
 
 
 
$
1,247

 
$
—


 
 
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
)
 
$
—


 
 
Six months ended December 28, 2014
 
 
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
 
$
261

 
Net Sales
 
$
(625
)
 
$
—

Foreign currency contracts - sell
 
3,840

 
Net Sales
 
2,543

 
—

Foreign currency contracts - buy
 
(408
)
 
Cost of Goods Sold
 
(246
)
 
—

Commodity contracts
 
(187
)
 
Cost of Goods Sold
 
(522
)
 
—

 
 
$
3,506

 
 
 
$
1,150

 
$
—


 
 
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
)
 
$
—