XML 50 R24.htm IDEA: XBRL DOCUMENT v3.22.2.2
Derivative Financial Instruments (Tables)
3 Months Ended
Oct. 01, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of 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 October 1, 2022 and October 2, 2021, respectively (in thousands):
Derivatives Designated as Hedging InstrumentsClassification of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)AOCI Balance
as of
July 2, 2022
Effective
Portion
Recorded In
AOCI
Effective Portion
Reclassified From
AOCI Into
Income
AOCI Balance
as of
October 1, 2022
Forward contractsCost of sales$(79)$— $79 $— 
Interest rate swapInterest expense(346)— 74 (272)
Total$(425)$— $153 $(272)
Derivatives Designated as Hedging InstrumentsClassification of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)AOCI Balance
as of
July 3, 2021
Effective
Portion
Recorded In
AOCI
Effective Portion
Reclassified From
AOCI Into
Income
AOCI Balance
as of
October 2, 2021
Forward contractsCost of sales$2,721 $224 $(1,830)$1,115 
Interest rate swapInterest expense(649)— 75 (574)
Total$2,072 $224 $(1,755)$541