Derivative Financial Instruments (Tables)

12 Months Ended

Jun. 26, 2011

Jun. 27, 2010

Derivative Financial Instruments [Abstract]

Fair Value Carrying Amount of Derivative Instruments

At June 26, 2011, the fair value carrying amount of the Company’s derivative instruments were as follows (in thousands):

	Derivative Assets June 26, 2011			Derivative Liabilities June 26, 2011
Derivatives Not Designated as Hedging Instruments	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Put option	Other assets	$	2,773
Currency forward contracts				Other accrued expenses	$	309
Total		$	2,773		$	309

At June 27, 2010, the fair value carrying amount of the Company’s derivative instruments were as follows (in thousands):

	Derivative Assets June 27, 2010			Derivative Liabilities June 27, 2010
Derivatives Not Designated as Hedging Instruments	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Put option	Other assets	$	2,121
Currency forward contracts	Prepaid expenses and other receivables		226
Foreign currency swap contract				Other accrued expenses	$	146
Total		$	2,347		$	146

Gain or (Loss) Recognized in Earnings on Derivative Instruments

 The gain or (loss) recognized in earnings for the fiscal years ended June 26, 2011 and June 27, 2010 was comprised of the following (in thousands):

		Amount of Gain or (Loss) Recognized in Income on Derivatives
Derivatives Not Designated as Hedging Instruments	Location of Gain or (Loss) Recognized in Income on Derivatives	June 26, 2011			June 27, 2010
Put option	Other expense	$	652		$	2,121
Currency forward contracts	Other expense		(4,682	)		1,334
Foreign currency swap contract	Other expense		158			(27	)
Total		$	(3,872	)	$	3,428

Derivative Instruments Measured at Fair Value on a Recurring Basis

The following table presents derivative instruments measured at fair value on a recurring basis as of June 26, 2011 (in thousands):

	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Put option	$	2,773		$	—	$	—		$	2,773
Foreign currency derivatives:
Liabilities		(309	)		—		(309	)		—
Total derivative instruments at fair value	$	2,464		$	—	$	(309	)	$	2,773

The following table presents derivative instruments measured at fair value on a recurring basis as of June 27, 2010 (in thousands):

	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Put option	$	2,121		$	—	$	—		$	2,121
Foreign currency derivatives:
Assets		226			—		226			—
Liabilities		(146	)		—		(146	)		—
Total derivative instruments at fair value	$	2,201		$	—	$	80		$	2,121