XML 36 R24.htm IDEA: XBRL DOCUMENT v3.4.0.3
Other Comprehensive Income
9 Months Ended
Mar. 26, 2016
Equity [Abstract]  
Other Comprehensive Income
Other Comprehensive Income
Changes in accumulated other comprehensive income, net of tax, for the three and nine months ended March 26, 2016 and March 28, 2015 were as follows:
 
Three Months Ended March 26, 2016
 
Foreign currency translation adjustment
 
Pension benefit liabilities
 
Derivative financial instruments
 
Total
Accumulated other comprehensive income (loss) at December 26, 2015
$
(2,370
)
 
$
(20,427
)
 
$
832

 
$
(21,965
)
Other comprehensive income (loss) before reclassifications
4,006

 

 
(2,368
)
 
1,638

Reclassifications from net accumulated other comprehensive income (loss)

 
423

 
(37
)
 
386

Net current period other comprehensive income (loss)
4,006

 
423

 
(2,405
)
 
2,024

Accumulated other comprehensive income (loss) at March 26, 2016
$
1,636

 
$
(20,004
)
 
$
(1,573
)
 
$
(19,941
)

 
Nine Months Ended March 26, 2016
 
Foreign currency translation adjustment
 
Pension benefit liabilities
 
Derivative financial instruments
 
Total
Accumulated other comprehensive income (loss) as of June 27, 2015
$
7,914

 
$
(21,272
)
 
$
4,414

 
$
(8,944
)
Other comprehensive loss before reclassifications
(6,278
)
 

 
(5,880
)
 
(12,158
)
Reclassifications from net accumulated other comprehensive income (loss)

 
1,268

 
(107
)
 
1,161

Net current period other comprehensive income (loss)
(6,278
)
 
1,268

 
(5,987
)
 
(10,997
)
Accumulated other comprehensive income (loss) at March 26, 2016
$
1,636

 
$
(20,004
)
 
$
(1,573
)
 
$
(19,941
)

 
Three Months Ended March 28, 2015
 
Foreign currency translation adjustment
 
Pension benefit liabilities
 
Derivative financial instruments
 
Total
Accumulated other comprehensive income (loss) at December 27, 2014
$
13,621

 
$
(18,988
)
 
$
1,211

 
$
(4,156
)
Other comprehensive loss before reclassifications
(7,146
)
 

 
(3
)
 
(7,149
)
Reclassifications from net accumulated other comprehensive income

 
379

 
83

 
462

Net current period other comprehensive income (loss)
(7,146
)
 
379

 
80

 
(6,687
)
Accumulated other comprehensive income (loss) at March 28, 2015
$
6,475

 
$
(18,609
)
 
$
1,291

 
$
(10,843
)
 
Nine Months Ended March 28, 2015
 
Foreign currency translation adjustment
 
Pension benefit liabilities
 
Derivative financial instruments
 
Total
Accumulated other comprehensive income (loss) at June 28, 2014
$
22,682

 
$
(19,748
)
 
$
1,053

 
$
3,987

Other comprehensive loss before reclassifications
(16,207
)
 

 
(16
)
 
(16,223
)
Reclassifications from net accumulated other comprehensive income

 
1,139

 
254

 
1,393

Net current period other comprehensive income (loss)
(16,207
)
 
1,139

 
238

 
(14,830
)
Accumulated other comprehensive income (loss) at March 28, 2015
$
6,475

 
$
(18,609
)
 
$
1,291

 
$
(10,843
)

Amounts reclassified from accumulated other comprehensive income (loss) for the three and nine months ended March 26, 2016 and March 28, 2015 are as follows:
 
Three Months Ended
 
Nine Months Ended
 
 
March 26, 2016
 
March 28, 2015
 
March 26, 2016
 
March 28, 2015
 
Losses on derivative financial instruments:
 
 
 
 
 
 
 
 
Interest rate swap contracts
$
(58
)
 
$
132


$
(169
)
 
$
405

(a) 
Tax benefit (expense)
21

 
(49
)
 
62

 
(151
)
 
Total, net of tax
(37
)
 
83

 
(107
)
 
254

 
Pension benefit liabilities:
 
 
 
 
 
 
 
 
Amortization of net loss
677

 
608

 
2,030

 
1,825

(b) 
Tax expense
(254
)
 
(229
)
 
(762
)
 
(686
)
 
Total, net of tax
423

 
379

 
1,268

 
1,139

 
Total amounts reclassified, net of tax
$
386

 
$
462

 
$
1,161

 
$
1,393

 
 
 
 
 
 
 
 
 
 
(a) Included in interest expense.
 
(b) Included in the computation of net periodic pension cost, which is included in cost of rental and direct sale and selling and administrative. This amount includes a pension plan which is not included in the net periodic pension cost in Note 13 because it is individually immaterial. See Note 13 for details regarding the pension plans.
 

Income tax benefit (expense) for each component of other comprehensive income were as follows:
 
Three Months Ended
 
Nine Months Ended
 
March 26, 2016
 
March 28, 2015
 
March 26, 2016
 
March 28, 2015
Foreign currency translation adjustments
$
(214
)
 
$
1,281

 
$
1,485

 
$
4,269

Change in pension benefit liabilities recognized
(254
)
 
(229
)
 
(762
)
 
(686
)
Derivative financial instruments unrecognized gain (loss)
1,413

 
3

 
3,506

 
10

Derivative financial instruments loss reclassified
21

 
(49
)
 
62

 
(151
)
Income tax benefit
$
966

 
$
1,006

 
$
4,291

 
$
3,442