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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
Mar. 28, 2015
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 28, 2015 and June 28, 2014 (in thousands):
 
 
 
March 28, 2015
 
June 28, 2014
Derivatives Designated as Hedging Instruments
Balance Sheet Location
 
Fair Value
 
Fair Value
Foreign currency forward contracts
Other current assets
 
$
—

 
$
2,034

Foreign currency forward contracts
Other long-term assets
 
$
—

 
$
1,607

Foreign currency forward contracts
Other current liabilities
 
$
(1,969
)
 
$
—

Foreign currency forward contracts
Other long-term liabilities
 
$
(4,246
)
 
$
—

Interest rate swaps
Other long-term assets
 
$
2

 
$
—

Interest rate swaps
Other current liabilities
 
$
(182
)
 
$
—

Interest rate swaps
Other long-term liabilities
 
$
(250
)
 
$
—
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 28, 2015 and March 29, 2014 (in thousands):
 
Derivatives Designated as Hedging Instruments
AOCI Balance
as of
December 27, 2014
 
Effective
Portion
Recorded In
AOCI
 
Effective Portion
Reclassified From
AOCI Into
Cost of  Sales
 
AOCI Balance
as of
March 28, 2015
Settled foreign currency forward contracts for the three months ended March 28, 2015
$
31

 
$
(56
)
 
$
25

 
$
—

Unsettled foreign currency forward contracts
(2,837
)
 
(1,264
)
 
—

 
(4,101
)
Unsettled interest rate swaps
(141
)
 
(143
)
 
—

 
(284
)
Total
$
(2,947
)
 
$
(1,463
)
 
$
25

 
$
(4,385
)
 
 
 
 
 
 
 
 
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



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 28, 2015 and March 29, 2014 (in thousands):
Derivatives Designated as Hedging Instruments
AOCI Balance
as of
June 28, 2014
 
Effective
Portion
Recorded In
AOCI
 
Effective Portion
Reclassified From
AOCI Into
Cost of  Sales
 
AOCI Balance
as of
March 28, 2015
Settled foreign currency forward contracts for the nine months ended March 28, 2015
$
1,153

 
$
(388
)
 
$
(765
)
 
$
—

Unsettled foreign currency forward contracts
1,250

 
(5,351
)
 
—

 
(4,101
)
Unsettled interest rate swaps
—

 
(284
)
 
—

 
(284
)
Total
$
2,403

 
$
(6,023
)
 
$
(765
)
 
$
(4,385
)
 
 
 
 
 
 
 
 
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