DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Dec. 29, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

As of December 29, 2018, the aggregate notional amount of the Company’s outstanding foreign currency contracts and swaps along with their unrealized gains are expected to mature as summarized below (in thousands):

Quarter Ending	Notional Contracts and Swaps in MXN		Notional Contracts and Swaps in USD		Estimated Fair Value
March 30, 2019	$	137,944	$	6,979	$	1
June 29, 2019	$	142,947	$	6,828	$	278
September 28, 2019	$	148,468	$	6,740	$	521
December 28, 2019	$	152,613	$	7,187	$	170
March 28, 2020	$	146,613	$	6,553	$	404
June 27, 2020	$	138,213	$	6,257	$	209

Summerized Fair Value of Derivative Instruments in Consolidated Balance Sheets

The following table summarizes the fair value of derivative instruments in the Consolidated Balance Sheet as of December 29, 2018 and June 30, 2018 (in thousands):

		December 29, 2018			June 30, 2018
Derivatives Designated as Hedging Instruments	Balance Sheet Location	Fair Value			Fair Value
Foreign currency forward contracts & swaps	Other current assets	$	981		$	23
Foreign currency forward contracts & swaps	Other long-term assets	$	613		$	477
Foreign currency forward contracts & swaps	Other current liabilities	$	(11	)	$	(1,618	)
Foreign currency forward contracts & swaps	Other long-term liabilities	$	—		$	(58	)
Interest rate swap	Other current assets	$	16		$	20
Interest rate swap	Other long-term assets	$	—		$	4

Gain (Loss) of Derivative Instruments in Statement of Operations

The following tables summarize the gain (loss) on derivative instruments, net of tax, on the Consolidated Statements of Income for the three months ended December 29, 2018 and December 30, 2017, respectively (in thousands):

Derivatives Designated as Hedging Instruments	Classification of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	AOCI Balance as of September 29, 2018			Effective Portion Recorded In AOCI			Effective Portion Reclassified From AOCI Into Income			AOCI Balance as of December 29, 2018
Forward contracts & swaps	Cost of sales	$	2,061		$	(1,266	)	$	383		$	1,178
Interest rate swap	Interest expense	19			(1		)	(5		)	13
Total		$	2,080		$	(1,267	)	$	378		$	1,191
Derivatives Designated as Hedging Instruments	Classification of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	AOCI Balance as of September 30, 2017			Effective Portion Recorded In AOCI			Effective Portion Reclassified From AOCI Into Income			AOCI Balance as of December 30, 2017
Forward contracts & swaps	Cost of sales	$	(1,715	)	$	(2,669	)	$	1,412		$	(2,972	)
Interest rate swap	Interest expense	(48		)	8			24			(16		)
Total		$	(1,763	)	$	(2,661	)	$	1,436		$	(2,988	)