Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Mar. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Contracts

As of March 30, 2014 and June 30, 2013, the Company had the following outstanding derivative contracts (in thousands):

Contract		Notional Amount
		March 30, 2014	June 30, 2013
Interest Rate:
LIBOR Interest Rate (U.S. Dollars)	Fixed	95,000	95,000
Foreign Currency:
Australian Dollar	Sell	13,722	6,392
Canadian Dollar	Sell	2,250	—
Euro	Sell	34,700	31,000
Japanese Yen	Buy	620,000	905,000
Mexican Peso	Sell	5,000	3,345
Commodity:
Aluminum (Metric Tons)	Buy	4	18
Natural Gas (Therms)	Buy	2,183	5,423

Schedule of Derivative Instruments in Consolidated Condensed Balance Sheets, Fair Value

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

Balance Sheet Location	Asset (Liability) Fair Value
	March 30, 2014			June 30, 2013
Interest rate contracts
Other Long-Term Assets	$	242		$	257
Other Long-Term Liabilities	(965		)	(1,020		)
Foreign currency contracts
Other Current Assets	337			1,752
Other Long-Term Assets	41			—
Accrued Liabilities	(1,629		)	(1,138		)
Commodity contracts
Other Current Assets	129			—
Accrued Liabilities	(505		)	(3,250		)
Other Long-Term Liabilities	—			(5		)
	$	(2,350	)	$	(3,404	)

Schedule of Derivative Instruments, Gain (Loss) in Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

The effect of derivative instruments on the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) is as follows (in thousands):

	Three months ended March 30, 2014
	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) 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 contracts	$	15	Net Sales	$	(302	)	$	—
Foreign currency contracts - sell	348		Net Sales	(138		)	—
Foreign currency contracts - buy	170		Cost of Goods Sold	(310		)	—
Commodity contracts	848		Cost of Goods Sold	(1,165		)	—
	$	1,381		$	(1,915	)	$	—

	Three months ended March 31, 2013
	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) 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 contracts	$	203		Net Sales	$	—		$	—
Foreign currency contracts - sell	1,952			Net Sales	(12		)	—
Foreign currency contracts - buy	(16		)	Cost of Goods Sold	(786		)	—
Commodity contracts	(528		)	Cost of Goods Sold	(3,207		)	—
	$	1,611			$	(4,005	)	$	—

	Nine months ended March 30, 2014
	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) 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 contracts	$	20		Net Sales	$	(899	)	$	—
Foreign currency contracts - sell	(751		)	Net Sales	(248		)	—
Foreign currency contracts - buy	142			Cost of Goods Sold	(949		)	—
Commodity contracts	3,157			Cost of Goods Sold	(4,823		)	—
	$	2,568			$	(6,919	)	$	—

	Nine months ended March 31, 2013
	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) 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 contracts	$	(137	)	Net Sales	$	—		$	—
Foreign currency contracts - sell	118			Net Sales	77			—
Foreign currency contracts - buy	(278		)	Cost of Goods Sold	(859		)	—
Commodity contracts	1,267			Cost of Goods Sold	(7,591		)	—
	$	970			$	(8,373	)	$	—