Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Apr. 01, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

As of April 1, 2012 and July 3, 2011, the Company had the following outstanding derivative contracts (in thousands):

Contract		Notional Amount
		April 1, 2012	July 3, 2011
Interest Rate:
LIBOR Interest Rate (U.S. Dollars)	Fixed	60,000	—
Foreign Currency:
Australian Dollar	Sell	34,673	34,295
Canadian Dollar	Sell	2,000	10,700
Euro	Sell	45,500	41,500
Japanese Yen	Buy	425,000	—
Swedish Krona	Buy	6,500	—
Commodity:
Natural Gas (Therms)	Buy	4,966	11,187
Aluminum (Metric Tons)	Buy	26	8
Steel (Metric Tons)	Buy	—	1

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The location and fair value of derivative instruments reported in the Consolidated Condensed Balance Sheets are as follows (in thousands):

Balance Sheet Location	Asset (Liability) Fair Value
	April 1, 2012			July 3, 2011
Interest rate contract
Other Long-Term Liabilities	(796		)	—
Foreign currency contracts
Other Current Assets	1,865			108
Accrued Liabilities	(1,226		)	(3,550		)
Other Long-Term Liabilities	—			(280		)
Commodity contracts
Other Current Assets	—			26
Accrued Liabilities	(5,523		)	(1,937		)
Other Long-Term Liabilities	(117		)	(91		)
	$	(5,797	)	$	(5,724	)

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

The effect of derivatives designated as hedging instruments on the Consolidated Condensed Statements of Operations is as follows:

	Three months ended April 1, 2012
	Recognized in Earnings
	Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives, Net of Taxes (Effective Portion)			Classification of Gain (Loss)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Recognized in Earnings (Ineffective Portion)
Interest rate contract	$	28		Net Sales	$	—		$	—
Foreign currency contracts - sell	(1,830		)	Net Sales	1,364			—
Foreign currency contracts - buy	—			Cost of Goods Sold	26			—
Commodity contracts	1,951			Cost of Goods Sold	(3,400		)	4
	$	149			$	(2,010	)	$	4

	Three months ended March 27, 2011
	Recognized in Earnings
	Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives, Net of Taxes (Effective Portion)			Classification of Gain (Loss)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Recognized in Earnings (Ineffective Portion)
Foreign currency contracts - sell	$	(2,574	)	Net Sales	$	1,162		$	—
Foreign currency contracts - buy	(13		)	Cost of Goods Sold	48			—
Commodity contracts	830			Cost of Goods Sold	(1,088		)	(34		)
	$	(1,757	)		$	122		$	(34	)

	Nine months ended April 1, 2012
	Recognized in Earnings
	Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives, Net of Taxes (Effective Portion)			Classification of Gain (Loss)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Recognized in Earnings (Ineffective Portion)
Interest rate contract	$	(485	)	Net Sales	$	—		$	—
Foreign currency contracts - sell	922			Net Sales	1,302			—
Foreign currency contracts - buy	—			Cost of Goods Sold	(31		)	—
Commodity contracts	(3,390		)	Cost of Goods Sold	(4,641		)	(18		)
	$	(2,953	)		$	(3,370	)	$	(18	)

	Nine months ended March 27, 2011
	Recognized in Earnings
	Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives, Net of Taxes (Effective Portion)			Classification of Gain (Loss)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Recognized in Earnings (Ineffective Portion)
Foreign currency contracts - sell	$	(10,273	)	Net Sales	$	2,923		$	—
Foreign currency contracts - buy	(11		)	Cost of Goods Sold	(404		)	—
Commodity contracts	215			Cost of Goods Sold	(2,217		)	47
	$	(10,069	)		$	302		$	47