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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
Apr. 01, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
As of April 1, 2017, the aggregate notional amount of the Company’s outstanding foreign currency contracts and swaps along with their unrealized gains (losses) are expected to mature as summarized below (in thousands):
Quarter Ending
 
Notional Contracts and Swaps in MXN
 
Notional Contracts and Swaps in USD
 
Estimated Fair Value
July 1, 2017
 
$
72,696

 
$
5,027

 
$
(1,171
)
September 30, 2017
 
$
76,192

 
$
5,395

 
$
(1,404
)
December 30, 2017
 
$
88,558

 
$
6,162

 
$
(1,581
)
March 31, 2018
 
$
90,812

 
$
5,713

 
$
(1,077
)
June 30, 2018
 
$
95,500

 
$
5,811

 
$
(995
)
September 29, 2018
 
$
90,443

 
$
5,301

 
$
(796
)
December 29, 2018
 
$
125,328

 
$
6,746

 
$
(584
)
March 30, 2019
 
$
138,472

 
$
7,005

 
$
(281
)
June 29, 2019
 
$
142,947

 
$
6,828

 
$
30

September 28, 2019
 
$
148,468

 
$
6,740

 
$
307
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 April 1, 2017 and July 2, 2016 (in thousands):
 
 
 
April 1, 2017
 
July 2, 2016
Derivatives Designated as Hedging Instruments
Balance Sheet Location
 
Fair Value
 
Fair Value
Foreign currency forward contracts
Other long-term assets
 
$
337

 
$
136

Foreign currency forward contracts
Other current liabilities
 
$
(5,233
)
 
$
(4,670
)
Foreign currency forward contracts & swaps
Other long-term liabilities
 
$
(2,656
)
 
$
(6,442
)
Interest rate swap
Other current liabilities
 
$
(113
)
 
$
(264
)
Interest rate swap
Other long-term liabilities
 
$
(25
)
 
$
(234
)
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 April 1, 2017 and April 2, 2016, respectively (in thousands):
 
Derivatives Designated as Hedging Instruments
Classification of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)
 
AOCI Balance
as of
December 31, 2016
 
Effective
Portion
Recorded In
AOCI
 
Effective Portion
Reclassified From
AOCI Into
Income
 
AOCI Balance
as of
April 1, 2017
Forward contracts & swaps
Cost of sales
 
$
(9,701
)
 
$
3,155

 
$
1,562

 
$
(4,984
)
Interest rate swap
Interest expense
 
(138
)
 
(7
)
 
53

 
(92
)
Total
 
 
$
(9,839
)
 
$
3,148

 
$
1,615

 
$
(5,076
)
 
 
 
 
 
 
 
 
 
 
Derivatives Designated as Hedging Instruments
Classification of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)
 
AOCI Balance
as of
December 26, 2015
 
Effective
Portion
Recorded In
AOCI
 
Effective Portion
Reclassified From
AOCI Into
Income
 
AOCI Balance
as of
April 2, 2016
Forward contracts & swaps
Cost of sales
 
$
(6,769
)
 
$
(589
)
 
$
1,313

 
$
(6,045
)
Interest rate swap
Interest expense
 
(287
)
 
(142
)
 
95

 
(334
)
Total
 
 
$
(7,056
)
 
$
(731
)
 
$
1,408

 
$
(6,379
)

The following tables summarize the gain (loss) on derivative instruments, net of tax, on the Consolidated Statements of Income for the nine months ended April 1, 2017 and April 2, 2016, respectively (in thousands):
Derivatives Designated as Hedging Instruments
Classification of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)
 
AOCI Balance
as of
July 2, 2016
 
Effective
Portion
Recorded In
AOCI
 
Effective Portion
Reclassified From
AOCI Into
Income
 
AOCI Balance
as of
April 1, 2017
Forward contracts & swaps
Cost of sales
 
$
(7,245
)
 
$
(1,751
)
 
$
4,012

 
$
(4,984
)
Interest rate swap
Interest expense
 
(328
)
 
34

 
202

 
(92
)
Total
 
 
$
(7,573
)
 
$
(1,717
)
 
$
4,214

 
$
(5,076
)
 
 
 
 
 
 
 
 
 
 
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
April 2, 2016
Forward contracts & swaps
Cost of sales
 
$
(4,487
)
 
$
(4,479
)
 
$
2,921

 
$
(6,045
)
Interest rate swap
Interest expense
 
(276
)
 
(268
)
 
210

 
(334
)
Total
 
 
$
(4,763
)
 
$
(4,747
)
 
$
3,131

 
$
(6,379
)