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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Jun. 29, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
As of June 29, 2019, 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 28, 2019
 
$
148,468

 
$
6,740

 
$
942

December 28, 2019
 
$
152,613

 
$
7,187

 
$
590

March 28, 2020
 
$
146,613

 
$
6,553

 
$
803

June 27, 2020
 
$
138,213

 
$
6,257

 
$
577

September 26, 2020
 
$
141,173

 
$
6,729

 
$
163

December 26, 2020
 
$
132,773

 
$
6,241

 
$
157
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 June 29, 2019 and June 30, 2018 (in thousands):
 
 
 
 
June 29, 2019
 
June 30, 2018
Derivatives Designated as Hedging Instruments
 
Balance Sheet Location
 
Fair Value
 
Fair Value
Foreign currency forward contracts & swaps
 
Other current assets
 
$
2,912

 
$
23

Foreign currency forward contracts & swaps
 
Other long-term assets
 
$
320

 
$
477

Foreign currency forward contracts & swaps
 
Other current liabilities
 
$
—

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

 
$
(58
)
Interest rate swaps
 
Other current assets
 
$
2

 
$
20

Interest rate swaps
 
Other long-term assets
 
$
—

 
$
4
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 2019 (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
June 29, 2019
Forward contracts & swaps
Cost of sales
 
$
(988
)
 
$
3,332

 
$
80

 
$
2,424

Interest rate swap
Interest expense
 
19

 
2

 
(19
)
 
2

Total
 
 
$
(969
)
 
$
3,334

 
$
61

 
$
2,426

The following table summarizes the gain (loss) on derivative instruments, net of tax, on the Consolidated Statements of Income for the fiscal year 2018 (in thousands):
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
 
Tax Rate Effect Reclassification
 
Effective Portion
Reclassified From
AOCI Into Income
 
AOCI Balance
as of
June 30, 2018
Forward contracts & swaps
Cost of sales
 
$
(2,707
)
 
$
(1,942
)
 
$
(583
)
 
$
4,244

 
$
(988
)
Interest rate swap
Interest expense
 
(68
)
 
20

 
(3
)
 
70

 
19

Total
 
 
$
(2,775
)
 
$
(1,922
)
 
$
(586
)
 
$
4,314

 
$
(969
)
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
)