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FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis
The following table summarizes the fair value of assets (liabilities) of the Company’s derivatives that are required to be measured on a recurring basis as of December 31, 2016 and July 2, 2016 (in thousands):
 
December 31, 2016
 
Level 1
 
Level 2
 
Level 3
 
Total
Fair Value
Financial Liabilities:
 
 
 
 
 
 
 
Interest rate swap
$
—

 
$
(208
)
 
$
—

 
$
(208
)
Foreign currency forward contracts & swaps
$
—

 
$
(14,699
)
 
$
—

 
$
(14,699
)

 
July 2, 2016
 
Level 1
 
Level 2
 
Level 3
 
Total
Fair Value
Financial Assets:
 
 
 
 
 
 
 
Foreign currency forward contracts & swaps
$
—

 
$
136

 
$
—

 
$
136

Financial Liabilities:
 
 
 
 
 
 
 
Interest rate swap
$
—

 
$
(498
)
 
$
—

 
$
(498
)
Foreign currency forward contracts & swaps
$
—

 
$
(11,112
)
 
$
—

 
$
(11,112
)