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Derivative Instruments and Hedging Activities (Tables)
 6 Months Ended
Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Contracts
As of December 31, 2017 and July 2, 2017, the Company had the following outstanding derivative contracts (in thousands):
Contract
 
Notional Amount
 
 
 
 
December 31,
2017
 
July 2,
2017
Interest Rate:
 
 
 
 
 
 
LIBOR Interest Rate (U.S. Dollars)
 
Fixed
 
110,000

 
95,000

Foreign Currency:
 
 
 
 
 
 
Australian Dollar
 
Sell
 
41,388

 
39,196

Brazilian Real
 
Buy
 
20,437

 
28,137

Canadian Dollar
 
Sell
 
15,840

 
14,725

Chinese Renminbi
 
Buy
 
107,410

 
74,950

Euro
 
Sell
 
46,407

 
31,240

Japanese Yen
 
Buy
 
935,850

 
570,000

Commodity:
 
 
 
 
 
 
Natural Gas (Therms)
 
Buy
 
9,498

 
11,307
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 31,
2017
 
July 2,
2017
Interest rate contracts
 
 
 
 
Other Long-Term Assets
 
$
2,659

 
$
1,852

Accrued Liabilities
 
—

 
(23
)
Other Long-Term Liabilities
 
—

 
(39
)
Foreign currency contracts
 
 
 
 
Other Current Assets
 
822

 
157

Other Long-Term Assets
 
22

 
31

Accrued Liabilities
 
(3,680
)
 
(3,050
)
Other Long-Term Liabilities
 
(273
)
 
(68
)
Commodity contracts
 
 
 
 
Other Current Assets
 
—

 
40

Other Long-Term Assets
 
—

 
1

Accrued Liabilities
 
(105
)
 
(22
)
Other Long-Term Liabilities
 
(24
)
 
(11
)
 
 
$
(579
)
 
$
(1,132
)
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 Loss is as follows (in thousands):
 
 
Three Months Ended December 31, 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
 
$
482

 
Net Sales
 
$
19

 
$
—

Foreign currency contracts - sell
 
592

 
Net Sales
 
(840
)
 
—

Foreign currency contracts - buy
 
601

 
Cost of Goods Sold
 
(207
)
 
—

Commodity contracts
 
(96
)
 
Cost of Goods Sold
 
(27
)
 
—

 
 
$
1,579

 
 
 
$
(1,055
)
 
$
—


 
 
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
)
 
$
—



 
 
Six Months Ended December 31, 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
 
$
544

 
Net Sales
 
$
17

 
$
—

Foreign currency contracts - sell
 
116

 
Net Sales
 
(1,674
)
 
—

Foreign currency contracts - buy
 
472

 
Cost of Goods Sold
 
(742
)
 
—

Commodity contracts
 
(85
)
 
Cost of Goods Sold
 
(32
)
 
—

 
 
$
1,047

 
 
 
$
(2,431
)
 
$
—


 
 
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
)
 
$
—