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Derivative Financial Instruments (Tables)
6 Months Ended
Dec. 29, 2012
Derivative Financial Instruments [Abstract]  
Derivatives Balance Sheet Location Table

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset Derivatives

 

Liability Derivatives

 

Balance Sheet Location

 

Fair Value

 

Balance Sheet Location

 

Fair Value

 

(In thousands)

Fair value hedge relationships:

 

 

 

 

 

 

 

 

Interest rate swap agreements

 

 

 

 

 

 

 

 

Dec. 29, 2012

Prepaid expenses and
other current assets

 

$

488 

 

N/A

 

N/A

Dec. 29, 2012

Other assets

 

 

5,048 

 

N/A

 

N/A

Jun. 30, 2012

Prepaid expenses and
other current assets

 

 

2,475 

 

N/A

 

N/A

Jun. 30, 2012

Other assets

 

 

6,219 

 

N/A

 

N/A

Dec. 31, 2011

Other assets

 

 

10,671 

 

N/A

 

N/A

 

Derivatives Financial Statement Performance Table

The location and effect of derivative instruments and related hedged items on the consolidated results of operations for the 13-week periods ended December 29, 2012 and December 31, 2011 presented on a pre-tax basis are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Location of (Gain) or Loss
Recognized in Income

 

Amount of (Gain) or Loss
Recognized in Income

 

 

 

 

13-Week Period Ended

 

 

 

 

Dec. 29, 2012

 

Dec. 31, 2011

 

 

 

 

(In thousands)

Fair Value Hedge Relationships:

 

 

 

 

 

 

 

 

Interest rate swap agreements

 

Interest expense

 

$

(2,274)

 

$

(3,342)

 

 

 

 

 

 

 

 

 

Cash Flow  Hedge Relationships:

 

 

 

 

 

 

 

 

Interest rate contracts

 

Interest expense

 

 

156 

 

 

174 

 

 

The location and effect of derivative instruments and related hedged items on the consolidated results of operations for the 26-week periods ended December 29, 2012 and December 31, 2011 presented on a pre-tax basis are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Location of (Gain) or Loss
Recognized in Income

 

Amount of (Gain) or Loss
Recognized in Income

 

 

 

 

26-Week Period Ended

 

 

 

 

Dec. 29, 2012

 

Dec. 31, 2011

 

 

 

 

(In thousands)

Fair Value Hedge Relationships:

 

 

 

 

 

 

 

 

Interest rate swap agreements

 

Interest expense

 

$

(4,324)

 

$

(3,829)

 

 

 

 

 

 

 

 

 

Cash Flow  Hedge Relationships:

 

 

 

 

 

 

 

 

Interest rate contracts

 

Interest expense

 

 

313 

 

 

348