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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 3 Months Ended
Sep. 29, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
As of September 29, 2018, 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
December 29, 2018
 
$
125,328

 
$
6,746

 
$
(94
)
March 30, 2019
 
$
137,944

 
$
6,979

 
$
240

June 29, 2019
 
$
142,947

 
$
6,828

 
$
546

September 28, 2019
 
$
148,468

 
$
6,740

 
$
811

December 28, 2019
 
$
152,613

 
$
7,187

 
$
484

March 28, 2020
 
$
146,613

 
$
6,553

 
$
720
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 September 29, 2018 and June 30, 2018 (in thousands):
 
 
 
September 29, 2018
 
June 30, 2018
Derivatives Designated as Hedging Instruments
Balance Sheet Location
 
Fair Value
 
Fair Value
Foreign currency forward contracts & swaps
Other current assets
 
$
1,597

 
$
23

Foreign currency forward contracts & swaps
Other long-term assets
 
$
1,204

 
$
477

Foreign currency forward contracts & swaps
Other current liabilities
 
$
(94
)
 
$
(1,618
)
Foreign currency forward contracts & swaps
Other long-term liabilities
 
$
—

 
$
(58
)
Interest rate swap
Other current assets
 
$
24

 
$
20

Interest rate swap
Other long-term assets
 
$
—

 
$
4
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 September 29, 2018 and September 30, 2017, 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 30, 2018
 
Effective
Portion
Recorded In
AOCI
 
Effective Portion
Reclassified From
AOCI Into
Income
 
AOCI Balance
as of
September 29, 2018
Forward contracts & swaps
Cost of sales
 
$
(988
)
 
$
2,515

 
$
534

 
$
2,061

Interest rate swap
Interest expense
 
19

 
2

 
(2
)
 
19

Total
 
 
$
(969
)
 
$
2,517

 
$
532

 
$
2,080

 
 
 
 
 
 
 
 
 
 
Derivatives Designated as Hedging Instruments
Classification of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)
 
AOCI Balance
as of
July 1, 2017
 
Effective
Portion
Recorded In
AOCI
 
Effective Portion
Reclassified From
AOCI Into
Income
 
AOCI Balance
as of
September 30, 2017
Forward contracts & swaps
Cost of sales
 
$
(2,707
)
 
$
(122
)
 
$
1,114

 
$
(1,715
)
Interest rate swap
Interest expense
 
(68
)
 
(9
)
 
29

 
(48
)
Total
 
 
$
(2,775
)
 
$
(131
)
 
$
1,143

 
$
(1,763
)