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Derivative Financial Instruments (Tables)
9 Months Ended
Mar. 29, 2014
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)

Interest rate swap agreements:

 

 

 

 

 

 

 

 

Mar. 29, 2014

Other assets

 

$

1,673 

 

Accrued expenses

$

64,025 

Jun. 29, 2013

Prepaid expenses and
other current assets

 

 

2,988 

 

N/A

 

N/A

Mar. 30, 2013

Prepaid expenses and
other current assets

 

 

3,990 

 

N/A

 

N/A

 

Derivatives financial statement performance table

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Location of (Gain) or Loss
Recognized in
Comprehensive Income

 

Amount of (Gain) or Loss
Recognized in
Comprehensive Income

 

 

 

 

13-Week Period Ended

 

 

 

 

Mar. 29, 2014

 

Mar. 30, 2013

 

 

 

 

(In thousands)

Fair Value Hedge Relationships:

 

 

 

 

 

 

 

 

Interest rate swap agreements

 

Interest expense

 

$

(1,815)

 

$

832 

 

 

 

 

 

 

 

 

 

Cash Flow  Hedge Relationships:

 

 

 

 

 

 

 

 

Interest rate swap agreements

 

Other comprehensive income

 

 

64,025 

 

 

 -

Interest rate contracts

 

Interest expense

 

 

157 

 

 

156 

 

The location and effect of derivative instruments and related hedged items on the consolidated results of operations for the 39-week periods ended March 29, 2014 and March 30, 2013 presented on a pre-tax basis are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Location of (Gain) or Loss
Recognized in
Comprehensive Income

 

Amount of (Gain) or Loss
Recognized in
Comprehensive Income

 

 

 

 

39-Week Period Ended

 

 

 

 

Mar. 29, 2014

 

Mar. 30, 2013

 

 

 

 

(In thousands)

Fair Value Hedge Relationships:

 

 

 

 

 

 

 

 

Interest rate swap agreements

 

Interest expense

 

$

(9,065)

 

$

(3,492)

 

 

 

 

 

 

 

 

 

Cash Flow  Hedge Relationships:

 

 

 

 

 

 

 

 

Interest rate swap agreements

 

Other comprehensive income

 

 

64,025 

 

 

 -

Interest rate contracts

 

Interest expense

 

 

469 

 

 

469