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Derivative Instruments (Tables)
9 Months Ended
Mar. 27, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Schedule of Quantification of Outstanding Mexican Peso Forward Contracts

The following table quantifies the outstanding Mexican peso forward contracts as of March 27, 2016 (thousands of dollars, except average forward contractual exchange rates):

 

 

Effective Dates

 

Notional Amount

 

 

Average Forward Contractual Exchange Rate

 

 

Fair Value

 

Buy MXP/Sell USD

 

January 5, 2016 - June 21, 2016

 

$

4,500

 

 

 

16.00

 

 

$

(436

)

Buy MXP/Sell USD

 

July 15, 2016 - June 15, 2017

 

$

24,000

 

 

 

17.95

 

 

$

(164

)

 

Fair Market Value of All Outstanding Peso Forward Contracts

The fair market value of all outstanding Mexican peso forward contracts in the accompanying Condensed Consolidated Balance Sheets was as follows (thousands of dollars):

 

 

 

March 27,

2016

 

 

June 28,

2015

 

Not Designated as Hedging Instruments:

 

 

 

 

 

 

 

 

Other Current Liabilities:

 

 

 

 

 

 

 

 

Mexican Peso Forward Contracts

 

$

600

 

 

$

 

 

Pre-Tax Effects of the Peso Forward Contracts

The pre-tax effects of the Mexican peso forward contracts are included in Other Income, net on the accompanying Condensed Consolidated Statements of Operations and Comprehensive Income and consisted of the following (thousands of dollars):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

March 27,

2016

 

 

March 29,

2015

 

 

March 27,

2016

 

 

March 29,

2015

 

Not Designated as Hedging Instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized Loss

 

$

(526

)

 

$

 

 

$

(704

)

 

$

 

Unrealized Gain (Loss)

 

$

267

 

 

$

 

 

$

(600

)

 

$