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Derivative Instruments and Hedging Activities (Tables)
 6 Months Ended
Dec. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Contracts
As of December 30, 2018 and July 1, 2018, the Company had the following outstanding derivative contracts (in thousands):
Contract
 
Notional Amount
 
 
 
 
December 30,
2018
 
July 1,
2018
Interest Rate:
 
 
 
 
 
 
LIBOR Interest Rate (U.S. Dollars)
 
Fixed
 
230,000

 
110,000

Foreign Currency:
 
 
 
 
 
 
Australian Dollar
 
Sell
 
29,340

 
35,833

Brazilian Real
 
Buy
 
6,199

 
28,822

Canadian Dollar
 
Sell
 
19,030

 
14,430

Chinese Renminbi
 
Buy
 
113,915

 
62,209

Euro
 
Sell
 
14,716

 
32,592

Japanese Yen
 
Buy
 
1,655,000

 
587,500

Commodity:
 
 
 
 
 
 
Natural Gas (Therms)
 
Buy
 
9,383

 
10,553
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 30,
2018
 
July 1,
2018
Interest rate contracts
 
 
 
 
Other Current Assets
 
$
92

 
$
161

Other Long-Term Assets
 
2,789

 
3,844

Accrued Liabilities
 
(2,789
)
 
—

Foreign currency contracts
 
 
 
 
Other Current Assets
 
2,433

 
3,881

Other Long-Term Assets
 
10

 
31

Accrued Liabilities
 
(326
)
 
(195
)
Other Long-Term Liabilities
 
(49
)
 
—

Commodity contracts
 
 
 
 
Other Current Assets
 
83

 
16

Other Long-Term Assets
 
25

 
5

Accrued Liabilities
 
—

 
(7
)
Other Long-Term Liabilities
 
(16
)
 
(29
)
 
 
$
2,252

 
$
7,707
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 30, 2018
 
 
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
 
$
(58
)
 
Net Sales
 
$
216

 
$
—

Foreign currency contracts - sell
 
(1,509
)
 
Net Sales
 
1,520

 
—

Foreign currency contracts - buy
 
(2,211
)
 
Cost of Goods Sold
 
237

 
—

Commodity contracts
 
(2
)
 
Cost of Goods Sold
 
4

 
—

 
 
$
(3,780
)
 
 
 
$
1,977

 
$
—


 
 
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
)
 
$
—



 
 
Six Months Ended December 30, 2018
 
 
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
 
$
48

 
Net Sales
 
$
216

 
$
—

Foreign currency contracts - sell
 
(1,840
)
 
Net Sales
 
2,636

 
—

Foreign currency contracts - buy
 
(2,668
)
 
Cost of Goods Sold
 
72

 
—

Commodity contracts
 
(18
)
 
Cost of Goods Sold
 
4

 
—

 
 
$
(4,478
)
 
 
 
$
2,928

 
$
—


 
 
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
)
 
$
—