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Derivative Instruments and Hedging Activities (Tables)
 6 Months Ended
Jan. 01, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Contracts
As of January 1, 2017 and July 3, 2016, the Company had the following outstanding derivative contracts (in thousands):
Contract
 
Notional Amount
 
 
 
 
January 1,
2017
 
July 3,
2016
Interest Rate:
 
 
 
 
 
 
LIBOR Interest Rate (U.S. Dollars)
 
Fixed
 
157,500

 
145,000

Foreign Currency:
 
 
 
 
 
 
Australian Dollar
 
Sell
 
37,058

 
39,935

Brazilian Real
 
Buy
 
26,066

 
16,436

Canadian Dollar
 
Sell
 
14,180

 
8,675

Chinese Renminbi
 
Buy
 
141,025

 
171,475

Euro
 
Sell
 
48,650

 
41,730

Japanese Yen
 
Buy
 
1,500,000

 
587,000

Mexican Peso
 
Sell
 
—

 
3,500

Commodity:
 
 
 
 
 
 
Natural Gas (Therms)
 
Buy
 
10,022

 
11,771
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
 
 
January 1,
2017
 
July 3,
2016
Interest rate contracts
 
 
 
 
Other Long-Term Assets
 
$
2,080

 
$
—

Accrued Liabilities
 
(280
)
 
—

Other Long-Term Liabilities
 
(84
)
 
(1,367
)
Foreign currency contracts
 
 
 
 
Other Current Assets
 
4,615

 
1,356

Other Long-Term Assets
 
192

 
2

Accrued Liabilities
 
(2,932
)
 
(2,601
)
Other Long-Term Liabilities
 
(256
)
 
(185
)
Commodity contracts
 
 
 
 
Other Current Assets
 
222

 
—

Other Long-Term Assets
 
107

 
64

Accrued Liabilities
 
—

 
(190
)
Other Long-Term Liabilities
 
(12
)
 
(16
)
 
 
$
3,652

 
$
(2,937
)
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 January 1, 2017
 
 
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
 
$
1,565

 
Net Sales
 
$
(217
)
 
$
—

Foreign currency contracts - sell
 
2,079

 
Net Sales
 
706

 
—

Foreign currency contracts - buy
 
(1,169
)
 
Cost of Goods Sold
 
(724
)
 
—

Commodity contracts
 
340

 
Cost of Goods Sold
 
(120
)
 
—

 
 
$
2,815

 
 
 
$
(355
)
 
$
—


 
 
Three Months Ended December 27, 2015
 
 
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
 
$
329

 
Net Sales
 
$
(298
)
 
$
—

Foreign currency contracts - sell
 
(721
)
 
Net Sales
 
2,231

 
—

Foreign currency contracts - buy
 
(324
)
 
Cost of Goods Sold
 
(158
)
 
—

Commodity contracts
 
(234
)
 
Cost of Goods Sold
 
(260
)
 
—

 
 
$
(950
)
 
 
 
$
1,515

 
$
—



 
 
Six Months Ended January 1, 2017
 
 
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
 
$
1,929

 
Net Sales
 
$
(449
)
 
$
—

Foreign currency contracts - sell
 
1,953

 
Net Sales
 
400

 
—

Foreign currency contracts - buy
 
(1,401
)
 
Cost of Goods Sold
 
(347
)
 
—

Commodity contracts
 
287

 
Cost of Goods Sold
 
(200
)
 
—

 
 
$
2,768

 
 
 
$
(596
)
 
$
—


 
 
Six Months Ended December 27, 2015
 
 
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
 
$
60

 
Net Sales
 
$
(600
)
 
$
—

Foreign currency contracts - sell
 
(331
)
 
Net Sales
 
5,538

 
—

Foreign currency contracts - buy
 
(690
)
 
Cost of Goods Sold
 
(294
)
 
—

Commodity contracts
 
(340
)
 
Cost of Goods Sold
 
(392
)
 
—

 
 
$
(1,301
)
 
 
 
$
4,252

 
$
—