Derivatives and Hedging Activities (Tables)

3 Months Ended

Sep. 26, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Outstanding Swap Agreements

The following table summarizes the outstanding Swap Agreements as of September 26, 2015 (in millions):

Effective Date	Maturity Date	Notional Amount		Fixed Rate Swapped
June 30, 2014	June 30, 2017		200.0		1.52	%
June 30, 2014	June 30, 2017		100.0		1.52	%
August 9, 2013	August 9, 2018		200.0		1.51	%
June 30, 2014	June 30, 2016		150.0		1.47	%
June 30, 2014	June 30, 2016		100.0		1.47	%

Summary of Fair Value of Derivative Financial Instruments

The table below presents the fair value of the derivative financial instruments as well as their classification on the balance sheet as of September 26, 2015 and June 27, 2015:

Fair Value of Derivative Instruments
(in millions)
	Asset Derivatives						Liability Derivatives
	As of September 26, 2015			As of June 27, 2015			As of September 26, 2015			As of June 27, 2015
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments under ASC 815-20:
Interest rate swaps	Prepaid expenses and other current assets	$	—	Prepaid expenses and other current assets	$	—	Current derivative liabilities	$	6.2	Current derivative liabilities	$	6.1
Interest rate swaps	Other assets		—	Other assets		0.2	Long- term derivative liabilities		2.9	Long- term derivative liabilities		1.3
Total		$	—		$	0.2		$	9.1		$	7.4
Derivatives not designated as hedging instruments under ASC 815-20:
Diesel fuel collars	Prepaid expenses and other current assets	$	—	Prepaid expenses and other current assets	$	—	Current derivative liabilities	$	2.8	Current derivative liabilities	$	1.7
Diesel fuel collars	Other assets		—	Other assets		—	Long- term derivative liabilities		0.1	Long- term derivative liabilities		—
Total		$	—		$	—		$	2.9		$	1.7

Summary of Derivative Assets and Liability Balance by Type of Financial Instrument Before and After Effects of Offsetting

The tables below present the derivative assets and liability balance by type of financial instrument, before and after the effects of offsetting, as of September 26, 2015 and June 27, 2015:

As of September 26, 2015

Gross Amounts of Recognized Assets

Gross Amounts Offset in the Consolidated Balance Sheet

Net Amounts of Assets Presented in the Consolidated Balance Sheet

Gross Amounts Not Offset in the Consolidated Balance Sheet

(In millions)

Financial Instruments

Cash Collateral Pledged

Net Amounts

Interest rate swaps:

$

—

$

—

$

—

$

—

$

—

$

—

Diesel fuel collars:

—

—

—

—

—

—

Total derivatives, subject to a master netting arrangement

—

—

—

—

—

—

	As of September 26, 2015
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Liabilities Presented in the Consolidated Balance Sheet		Gross Amounts Not Offset in the Consolidated Balance Sheet
(In millions)							Financial Instruments		Cash Collateral Pledged		Net Amounts
Interest rate swaps:	$	9.1	$	—	$	9.1	$	—	$	—	$	9.1
Diesel fuel collars:		2.9		—		2.9		—		—		2.9
Total derivatives, subject to a master netting arrangement		12.0		—		12.0		—		—		12.0

	As of June 27, 2015
	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Assets Presented in the Consolidated Balance Sheet		Gross Amounts Not Offset in the Consolidated Balance Sheet
(In millions)							Financial Instruments		Cash Collateral Pledged		Net Amounts
Interest rate swaps:	$	0.2	$	—	$	0.2	$	0.2	$	—	$	—
Diesel fuel collars:		—		—		—		—		—		—
Total derivatives, subject to a master netting arrangement		0.2		—		0.2		0.2		—		—

	As of June 27, 2015
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts of Liabilities Presented in the Consolidated Balance Sheet		Gross Amounts Not Offset in the Consolidated Balance Sheet
(In millions)							Financial Instruments		Cash Collateral Pledged		Net Amounts
Interest rate swaps:	$	7.4	$	—	$	7.4	$	0.2	$	—	$	7.2
Diesel fuel collars:		1.7		—		1.7		—		—		1.7
Total derivatives, subject to a master netting arrangement		9.1		—		9.1		0.2		—		8.9

Summary of Effect of Derivative Financial Instruments Designated in Hedging Relationships on Consolidated Statement of Operations

The tables below present the effect of the derivative financial instruments designated in hedging relationships on the consolidated statement of operations for the three-month periods ended September 26, 2015 and September 27, 2014:

Tabular Disclosure of the Effect of Derivative Instruments on the Consolidated Statement of Operations for the Three Month Period Ended September 26, 2015 (in millions)
Derivatives in FASB ASC 815-20 Cash Flow Hedging Relationships	Amount of (Gain) Loss Recognized in OCI on Derivative (Effective Portion), including all tax effects		Location of Loss Reclassified from OCI into Income (Effective Portion)		Amount of (Loss) Gain Reclassified from OCI into Income (Effective Portion)			Location of Loss Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain (Loss) Recognized in Income on Derivatives (Cumulative Ineffective Portion and Amount Excluded from Effectiveness Testing)
Interest Rate Swaps	$	2.9		Interest expense	$	(2.0	)	Other, net	$	—

Tabular Disclosure of the Effect of Derivative Instruments on the Consolidated Statement of Operations for the Three Month Period Ended September 27, 2014 (in millions)
Derivatives in FASB ASC 815-20 Cash Flow Hedging Relationships	Amount of (Gain) Loss Recognized in OCI on Derivative (Effective Portion), including all tax effects			Location of Loss Reclassified from OCI into Income (Effective Portion)		Amount of (Loss) Gain Reclassified from OCI into Income (Effective Portion)			Location of Loss Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain (Loss) Recognized in Income on Derivatives (Cumulative Ineffective Portion and Amount Excluded from Effectiveness Testing)
Interest Rate Swaps	$	(0.1	)		Interest expense	$	(2.0	)	Other, net	$	—