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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Jul. 02, 2016
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 Sheets as of July 2, 2016 and June 27, 2015 (in thousands):
 
 
 
 
July 2, 2016
 
June 27, 2015
Derivatives Designated as Hedging Instruments
 
Balance Sheet Location
 
Fair Value
 
Fair Value
Foreign currency forward contracts
 
Other long-term assets
 
$
136

 
$

Foreign currency forward contracts
 
Other current liabilities
 
$
(4,670
)
 
$
(2,517
)
Foreign currency forward contracts
 
Other long-term liabilities
 
$
(6,442
)
 
$
(4,282
)
Interest rate swaps
 
Other long-term assets
 
$

 
$
25

Interest rate swaps
 
Other current liabilities
 
$
(264
)
 
$
(271
)
Interest rate swaps
 
Other long-term liabilities
 
$
(234
)
 
$
(172
)
Gain (Loss) of Derivative Instruments in Statement of Operations
The following table summarizes the gain (loss) on derivative instruments, net of tax, on the Consolidated Statements of Income for the fiscal year 2016 (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 Income
 
AOCI Balance
as of
July 2, 2016
Forward contracts
Cost of sales
 
$
(4,487
)
 
$
(6,939
)
 
$
4,181

 
$
(7,245
)
Interest rate swap
Interest expense
 
(276
)
 
(348
)
 
296

 
(328
)
Total
 
 
$
(4,763
)
 
$
(7,287
)
 
$
4,477

 
$
(7,573
)
The following table summarizes the gain (loss) on derivative instruments, net of tax, on the Consolidated Statements of Income for the fiscal year 2015 (in thousands):
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 Income
 
AOCI Balance
as of
June 27, 2015
Forward contracts
Cost of sales
 
$
2,403

 
$
(7,208
)
 
$
318

 
$
(4,487
)
Interest rate swap
Interest expense
 

 
(276
)
 

 
(276
)
Total
 
 
$
2,403

 
$
(7,484
)
 
$
318

 
$
(4,763
)
The following table summarizes the gain (loss) on derivative instruments, net of tax, on the Consolidated Statements of Income for the fiscal year 2014 (in thousands):
Derivatives Designated as Hedging Instruments
Classification of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)
 
AOCI Balance
as of
June 29, 2013
 
Effective
Portion
Recorded In
AOCI
 
Effective Portion
Reclassified From
AOCI Into Income
 
AOCI Balance
as of
June 28, 2014
Forward contracts
Cost of sales
 
$
1,313

 
$
1,915

 
$
(825
)
 
$
2,403