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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
Mar. 29, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summerized Fair Value of Derivative Instruments in Consolidated Balance Sheets
The following table summarizes the fair value of derivative instruments in the Consolidated Balance Sheet as of March 29, 2014 and June 29, 2013 (in thousands):
 
 
 
 
March 29, 2014
 
June 29, 2013
Derivatives Designated as Hedging Instruments
Balance Sheet Location
 
Fair Value
 
Fair Value
Foreign currency forward contracts
Other current assets
 
$
2,020

 
$
760

Foreign currency forward contracts
Other long-term assets
 
$
813

 
$
1,669

Foreign currency forward contracts
Other current liabilities
 
$
—

 
$
(145
)
Foreign currency forward contracts
Other long-term liabilities
 
$
(59
)
 
$
(289
)
Gain (Loss) of Derivative Instruments in Statement of Operations
The following tables summarize the gain (loss) on derivative instruments, net of tax, on the Consolidated Statements of Income for the three months ended March 29, 2014 and March 30, 2013, respectively (in thousands):
 
Derivatives Designated as Hedging Instruments
AOCI Balance
as of
December 28,
2013
 
Effective
Portion
Recorded In
AOCI
 
Effective Portion
Reclassified From
AOCI Into
Cost of  Sales
 
AOCI Balance
as of
March 29,
2014
Settled foreign currency forward contracts for the three months ended March 29, 2014
$
110

 
$
11

 
$
(121
)
 
$
—

Unsettled foreign currency forward contracts
1,515

 
313

 
—

 
1,828

Total
$
1,625

 
$
324

 
$
(121
)
 
$
1,828

 
 
 
 
 
 
 
 
Derivatives Designated as Hedging Instruments
AOCI Balance
as of
December 29,
2012
 
Effective
Portion
Recorded In
AOCI
 
Effective Portion
Reclassified From
AOCI Into
Cost of  Sales
 
AOCI Balance
as of March 30,
2013
Settled foreign currency forward contracts for the three months ended March 30, 2013
$
(9
)
 
$
184

 
$
(175
)
 
$
—

Unsettled foreign currency forward contracts
373

 
2,449

 
—

 
2,822

Total
$
364

 
$
2,633

 
$
(175
)
 
$
2,822


The following tables summarize the gain (loss) on derivative instruments, net of tax, on the Consolidated Statements of Income for the nine months ended March 29, 2014 and March 30, 2013, respectively (in thousands):
Derivatives Designated as Hedging Instruments
AOCI Balance
as of June 29,
2013
 
Effective
Portion
Recorded In
AOCI
 
Effective Portion
Reclassified From
AOCI Into
Cost of  Sales
 
AOCI Balance
as of
March 29,
2014
Settled foreign currency forward contracts for the nine months ended March 29, 2014
$
85

 
$
124

 
$
(209
)
 
$
—

Unsettled foreign currency forward contracts
1,228

 
600

 
—

 
1,828

Total
$
1,313

 
$
724

 
$
(209
)
 
$
1,828

 
 
 
 
 
 
 
 
Derivatives Designated as Hedging Instruments
AOCI Balance
as of June 30,
2012
 
Effective
Portion
Recorded In
AOCI
 
Effective Portion
Reclassified From
AOCI Into
Cost of  Sales
 
AOCI Balance
as of March 30,
2013
Settled foreign currency forward contracts for the nine months ended March 30, 2013
$
(162
)
 
$
675

 
$
(513
)
 
$
—

Unsettled foreign currency forward contracts
(497
)
 
3,319

 
—

 
2,822

Total
$
(659
)
 
$
3,994

 
$
(513
)
 
$
2,822