Derivative Financial Instruments (Tables)

3 Months Ended

Sep. 23, 2012

Derivative Financial Instruments [Abstract]

Fair Value Carrying Amount of Derivative Instruments

At September 23, 2012 and June 24, 2012, the fair value carrying amount of the Company's derivative instruments were as follows (in thousands):

	September 23, 2012
	Derivative Assets			Derivative Liabilities
Derivatives Not Designated as Hedging Instruments	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Put option	Other assets	$	2,920
Currency forward contracts				Other accrued expenses	$	493
				Other long-term liabilities		1,095
Total		$	2,920		$	1,588

	June 24, 2012
	Derivative Assets
Derivatives Not Designated as Hedging Instruments	Balance Sheet Location	Fair Value
Put Option	Other assets	$	2,834
Currency forward contracts	Prepaid expenses and other receivables		622
	Other assets		85
Total		$	3,541

Gain or (Loss) Recognized in Earnings on Derivative Instruments

The gain or (loss) recognized in earnings during the three months ended September 23, 2012 and September 25, 2011 was comprised of the following (in thousands):

		Three Months Ended
Derivatives Not Designated as Hedging Instruments	Location of Gain or (Loss) Recognized in Income on Derivatives	September 23, 2012			September 25, 2011
Put option	Other expense	$	86		$	73
Currency forward contracts	Other expense		(2,429	)		813
Total		$	(2,343	)	$	886

Derivative Instruments Measured at Fair Value on a Recurring Basis

The following tables present derivative instruments measured at fair value on a recurring basis as of September 23, 2012 and June 24, 2012 (in thousands):

	September 23, 2012
	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Put option	$	2,920		$	—	$	—		$	2,920
Foreign currency derivatives:
Liabilities		(1,588	)		—		(1,588	)		—
Total derivative instruments at fair value	$	1,332		$	—	$	(1,588	)	$	2,920

	June 24, 2012
	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Put option	$	2,834	$	—	$	—	$	2,834
Foreign currency derivatives:
Assets		707		—		707		—
Total derivative instruments at fair value	$	3,541	$	—	$	707	$	2,834