XML 63 R31.htm IDEA: XBRL DOCUMENT v2.4.0.8
Financial Instruments (Tables)
12 Months Ended
Jun. 29, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Available-for-sale investments [Table Text Block]
Fair values were as follows:
 
June 29, 2013
 
June 30, 2012
 
Amortized Cost
 
Gross Unrealized Gain
 
Gross Unrealized Loss
 
Estimated Fair Value
 
Amortized Cost
 
Gross Unrealized Gain
 
Gross Unrealized Loss
 
Estimated Fair Value
 
(in thousands)
Available-for-sale investments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Government agency securities
$
25,024

 
$
36

 
$

 
$
25,060

 
$
75,007

 
$
319

 
$

 
$
75,326

Total available-for-sale investments
$
25,024

 
$
36

 
$

 
$
25,060

 
$
75,007

 
$
319

 
$

 
$
75,326

Schedule of derivative financial instruments in the Condensed Consolidated Balance Sheets [Table Text Block]
The gross notional and the recorded fair value of derivative financial instruments in the Consolidated Balance Sheets were as follows:

 
As of June 29, 2013
 
As of June 30, 2012
 
Gross Notional(1)
 
Other Current Assets
 
Accrued Expenses
 
Gross Notional (1)
 
Other Current Assets
 
Accrued Expenses
 
(in thousands)
Derivatives designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
Cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
$
56,963

 
$
109

 
$
1,321

 
$
37,955

 
$
150

 
$
459

 
 
 
 
 
 
 
 
 
 
 
 
Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
51,544

 
78

 
98

 
35,105

 
492

 
48

Total derivatives
$
108,507

 
$
187

 
$
1,419

 
$
73,060

 
$
642

 
$
507

(1) Represents the face amounts of contracts that were outstanding as of June 29, 2013 and June 30, 2012, as applicable.
Changes in accumulated other comprehensive income (loss) related to derivative instruments [Table Text Block]
The following table provides the balances and changes in the accumulated other comprehensive income (loss) related to derivative instruments during the fiscal year ended June 29, 2013 and the fiscal year ended June 30, 2012.

 
 
June 29,
2013
 
June 30,
2012
 
 
(in thousands)
Beginning balance
 
$
309

 
$
(234
)
Gain (loss) reclassified to income
 
(309
)
 
653

Loss (gain) recorded in other comprehensive loss
 
1,212

 
(110
)
Ending balance
 
$
1,212

 
$
309

Before-tax effect of cash flow derivative instruments [Table Text Block]
The before-tax effect of cash flow derivative instruments for the fiscal years ended June 29, 2013 and June 30, 2012 was as follows:
 
 
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective portion)
 
 
 
 
Years Ended
 
 
Location
 
June 29,
2013
 
June 30,
2012
 
 
 
 
(in thousands)
Cash Flow hedges:
 
 
 
 
 
 
Foreign exchange contracts
 
Net Revenues
 
$
(122
)
 
$
(312
)
Foreign exchange contracts
 
Cost of goods sold
 
608

 
187

Foreign exchange contracts
 
Operating Expense
 
(177
)
 
(528
)
Total cash flow hedges
 
 
 
$
309

 
$
(653
)
Before-tax effect of derivative instruments not designated as hedging instruments on Condensed Consolidated Statements of Income [Table Text Block]
The before-tax effect of derivative instruments not designated as hedging instruments on the Consolidated Statements of Income for the fiscal years ended June 29, 2013 and June 30, 2012 was as follows:
 
Gain (Loss) Recognized in Income on Derivative Instrument
 
 
 
Years Ended
 
Location
 
June 29,
2013
 
June 30,
2012
 
June 25,
2011
 
 
 
(in thousands)
Foreign exchange contracts
Interest and other income (expense), net
 
$
1,099

 
$
1,653

 
$
(1,893
)
Total
 
 
$
1,099

 
$
1,653

 
$
(1,893
)
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]
Total net U.S. Dollar notional amounts for foreign currency forward contracts, presented by net currency purchase (sell), are as follows:

In United States Dollars
 
June 29,
2013
 
June 30,
2012
 
 
(in thousands)
Euro
 
$
16,833

 
$
(10,686
)
Japanese Yen
 
(7,335
)
 
(2,254
)
British Pound
 
(4,177
)
 
(575
)
Philippine Peso
 
17,373

 
15,443

Thai Baht
 
3,512

 
4,264

Other Currencies
 
2,957

 

Total                                                
 
$
29,163

 
$
6,192

Schedule of Long-term Debt Instruments [Table Text Block]
The following table summarizes the Company's long-term debt:
 
June 29,
2013
 
June 30,
2012
 
(in thousands)
3.45% fixed rate notes due June 2013
$

 
$
300,000

3.375% fixed rate notes due March 2023
500,000

 

SensorDynamics Debt (Denominated in Euro)
 
 
 
Term fixed rate notes (2.0%-2.5%) due up to September 2015
4,804

 
6,285

Amortizing fixed rate notes (1.5%-2.75%)

 
1,127

Amortizing floating rate notes (EURIBOR plus 1.5%) due up to June 2014
784

 
1,676

Total
505,588

 
309,088

Less: Current portion of long-term debt
(2,015
)
 
(303,496
)
Total long-term debt
$
503,573

 
$
5,592