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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Dec. 26, 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 December 26, 2015 and June 27, 2015 (in thousands):
 
 
 
December 26, 2015
 
June 27, 2015
Derivatives Designated as Hedging Instruments
Balance Sheet Location
 
Fair Value
 
Fair Value
Foreign currency forward contracts
Other current liabilities
 
$
(3,983
)
 
$
(2,517
)
Foreign currency forward contracts
Other long-term liabilities
 
$
(6,273
)
 
$
(4,282
)
Interest rate swap
Other long-term assets
 
$

 
$
25

Interest rate swap
Other current liabilities
 
$
(287
)
 
$
(271
)
Interest rate swap
Other long-term liabilities
 
$
(149
)
 
$
(172
)
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 December 26, 2015 and December 27, 2014, respectively (in thousands):
 
Derivatives Designated as Hedging Instruments
Classification of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)
 
AOCI Balance
as of
September 26, 2015
 
Effective
Portion
Recorded In
AOCI
 
Effective Portion
Reclassified From
AOCI Into
Income
 
AOCI Balance
as of
December 26, 2015
Forward Contracts
Cost of sales
 
$
(7,336
)
 
$
(357
)
 
$
924

 
$
(6,769
)
Interest rate swap
Interest expense
 
(407
)
 
5

 
115

 
(287
)
Total
 
 
$
(7,743
)
 
$
(352
)
 
$
1,039

 
$
(7,056
)
 
 
 
 
 
 
 
 
 
 
Derivatives Designated as Hedging Instruments
Classification of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)
 
AOCI Balance
as of
September 27, 2014
 
Effective
Portion
Recorded In
AOCI
 
Effective Portion
Reclassified From
AOCI Into
Income
 
AOCI Balance
as of
December 27, 2014
Forward Contracts
Cost of sales
 
$
617

 
$
(3,177
)
 
$
(246
)
 
$
(2,806
)
Interest rate swap
Interest expense
 

 
(141
)
 

 
(141
)
Total
 
 
$
617

 
$
(3,318
)
 
$
(246
)
 
$
(2,947
)

The following tables summarize the gain(loss) on derivative instruments, net of tax, on the Consolidated Statements of Income for the six months ended December 26, 2015 and December 27, 2014, respectively (in thousands):
Derivatives Designated as Hedging Instruments
Classification of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)
 
AOCI Balance
as of
June 27, 2015
 
Effective
Portion
Recorded In
AOCI
 
Effective Portion
Reclassified From
AOCI Into
Cost of  Sales
 
AOCI Balance
as of
December 26, 2015
Forward Contracts
Cost of sales
 
$
(4,487
)
 
$
(3,890
)
 
$
1,608

 
$
(6,769
)
Interest rate swap
Interest expense
 
(276
)
 
(126
)
 
115

 
(287
)
Total
 
 
$
(4,763
)
 
$
(4,016
)
 
$
1,723

 
$
(7,056
)
 
 
 
 
 
 
 
 
 
 
Derivatives Designated as Hedging Instruments
Classification of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)
 
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
December 27, 2014
Forward Contracts
Cost of sales
 
$
2,403

 
$
(4,419
)
 
$
(790
)
 
$
(2,806
)
Interest rate swap
Interest expense
 

 
(141
)
 

 
(141
)
Total
 
 
$
2,403

 
$
(4,560
)
 
$
(790
)
 
$
(2,947
)