Derivative Financial Instruments (Tables)

12 Months Ended

Jun. 29, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value Carrying Amount of Derivative Instruments

At June 29, 2014 and June 30, 2013, the fair value carrying amounts of the Company’s derivative financial instruments were as follows (in thousands):

	June 29, 2014			June 30, 2013
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Put Option	Other assets	$	1,451	Other assets	$	2,888
Currency forward contracts	Prepaid expenses and other current assets	19		Prepaid expenses and other current assets	19
Total		$	1,470		$	2,907

Gain or (Loss) Recognized in Earnings on Derivative Instruments

The gain or (loss) recognized in other expense, net, for the Company’s derivative financial instruments not designated as hedging instruments during the fiscal years ended June 29, 2014, June 30, 2013, and June 24, 2012 was comprised of the following (in thousands):

	Fiscal Year Ended
	June 29, 2014			June 30, 2013		June 24, 2012
Put Option	$	(1,437	)	$	54	$	61
Currency forward contracts	1,137			129		961
Total	$	(300	)	$	183	$	1,022

Derivative Instruments Measured at Fair Value on a Recurring Basis

The following tables present derivative financial instruments measured at fair value on a recurring basis as of June 29, 2014 and June 30, 2013 (in thousands):

	June 29, 2014
	Total		Level 1		Level 2		Level 3
Put Option	$	1,451	$	—	$	—	$	1,451
Foreign currency derivatives:
Assets	19		—		19		—
Total derivative financial instruments at fair value	$	1,470	$	—	$	19	$	1,451

	June 30, 2013
	Total		Level 1		Level 2		Level 3
Put Option	$	2,888	$	—	$	—	$	2,888
Foreign currency derivatives:
Assets	19		—		19		—
Total derivative financial instruments at fair value	$	2,907	$	—	$	19	$	2,888