Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Mar. 29, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Contracts

As of March 29, 2020 and June 30, 2019, the Company had the following outstanding derivative contracts (in thousands):

Contract		Notional Amount
		March 29, 2020	June 30, 2019
Interest Rate:
LIBOR Interest Rate (U.S. Dollars)	Fixed	230,000	230,000
Foreign Currency:
Australian Dollar	Sell	6,871	17,611
Brazilian Real	Sell	—	13,436
Canadian Dollar	Sell	15,675	14,610
Chinese Renminbi	Buy	81,650	70,555
Euro	Sell	6,540	2,750
Commodity:
Natural Gas (Therms)	Buy	3,462	7,627

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
	March 29, 2020		June 30, 2019
Interest rate contracts
Other Long-Term Assets	—		876
Other Long-Term Liabilities	(24,007)		(11,634)
Foreign currency contracts
Other Current Assets	1,268		672
Other Long-Term Assets	2		16
Accrued Liabilities	(99)		(179)
Other Long-Term Liabilities	(12)		(11)
Commodity contracts
Other Current Assets	5		—
Accrued Liabilities	(131)		(176)
Other Long-Term Liabilities	(1)		(15)
	$	(22,975)	$	(10,451)

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 March 29, 2020
	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	$	(1,857)	Net Sales	$	(104)	$	—
Foreign currency contracts - sell	(443)		Net Sales	488		—
Foreign currency contracts - buy	(48)		Cost of Goods Sold	(42)		—
Commodity contracts	50		Cost of Goods Sold	(175)		—
Interest rate contracts	(5,885)		Interest Expense	—		—
	$	(8,183)		$	167	$	—

	Three Months Ended March 31, 2019
	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	$	(1,125)	Net Sales	$	320	$	—
Foreign currency contracts - sell	(409)		Net Sales	(2,674)		—
Foreign currency contracts - buy	2,036		Cost of Goods Sold	484		—
Commodity contracts	47		Cost of Goods Sold	20		—
Interest rate contracts	(4,706)		Interest Expense	—		—
	$	(4,157)		$	(1,850)	$	—

	Nine Months Ended March 29, 2020
	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	$	(2,165)	Net Sales	$	(384)	$	—
Foreign currency contracts - sell	(671)		Net Sales	1,055		—
Foreign currency contracts - buy	(74)		Cost of Goods Sold	(156)		—
Commodity contracts	48		Cost of Goods Sold	(320)		—
Interest rate contracts	$	(6,709)	Interest Expense	$	—	$	—
	$	(9,571)		$	195	$	—