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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Jul. 01, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
As of July 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
September 30, 2017
 
$
76,192

 
$
5,395

 
$
(1,218
)
December 30, 2017
 
$
88,558

 
$
6,162

 
$
(1,370
)
March 31, 2018
 
$
90,812

 
$
5,713

 
$
(864
)
June 30, 2018
 
$
95,500

 
$
5,811

 
$
(774
)
September 29, 2018
 
$
90,443

 
$
5,301

 
$
(588
)
December 29, 2018
 
$
125,328

 
$
6,746

 
$
(298
)
March 30, 2019
 
$
137,944

 
$
6,979

 
$
33

June 29, 2019
 
$
142,947

 
$
6,828

 
$
350

September 28, 2019
 
$
148,468

 
$
6,740

 
$
627
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 1, 2017 and July 2, 2016 (in thousands):
 
 
 
 
July 1, 2017
 
July 2, 2016
Derivatives Designated as Hedging Instruments
 
Balance Sheet Location
 
Fair Value
 
Fair Value
Foreign currency forward contracts & swaps
 
Other long-term assets
 
$
1,010

 
$
136

Foreign currency forward contracts & swaps
 
Other current liabilities
 
$
(4,226
)
 
$
(4,670
)
Foreign currency forward contracts & swaps
 
Other long-term liabilities
 
$
(886
)
 
$
(6,442
)
Interest rate swaps
 
Other long-term assets
 
$
—

 
$
—

Interest rate swaps
 
Other current liabilities
 
$
(81
)
 
$
(264
)
Interest rate swaps
 
Other long-term liabilities
 
$
(22
)
 
$
(234
)
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 2017 (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
July 1, 2017
Forward contracts & swaps
Cost of sales
 
$
(7,245
)
 
$
(600
)
 
$
5,138

 
$
(2,707
)
Interest rate swap
Interest expense
 
(328
)
 
14

 
246

 
(68
)
Total
 
 
$
(7,573
)
 
$
(586
)
 
$
5,384

 
$
(2,775
)
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 & swaps
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
)