DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Jun. 30, 2012

Summerized Fair Value of Derivative Instruments in Consolidated Balance Sheets

The following table summarizes the fair value of derivative instruments in the Consolidated Balance Sheets as of June 30, 2012 and July 2, 2011 (in thousands):

Derivatives Designated as Hedging Instruments	Balance Sheet Location	June 30, 2012 Fair Value			July 2, 2011 Fair Value
Foreign currency forward contracts	Other current assets	$	199		$	1,645
Foreign currency forward contracts	Other long term assets	$	659		$	1,078
Foreign currency forward contracts	Other current liabilities	$	(923	)	$	—
Foreign currency forward contracts	Other long term liabilities	$	(928	)	$	(82	)

Gain (Loss) of Derivative Instruments in Statement of Operations

The following table summarizes the gain (loss) of derivative instruments on the Consolidated Statement of Operations for the fiscal year 2012 (in thousands):

Derivatives Designated as Hedging Instruments	AOCI Balance as of July 2, 2011		Effective Portion Recorded In AOCI			Effective Portion Reclassified From AOCI Into Cost of Sales		AOCI Balance as of June 30, 2012
Settled foreign currency forward contracts	$	1,035	$	(1,119	)	$	84	$	—
Unsettled foreign currency forward contracts		705		(1,364	)		—		(659	)
Total	$	1,740	$	(2,483	)	$	84	$	(659	)

The following table summarizes the gain (loss) of derivative instruments on the Consolidated Statement of Operations for the fiscal year 2011 (in thousands):

Derivatives Designated as Hedging Instruments	AOCI Balance as of July 3, 2010			Effective Portion Recorded In AOCI		Effective Portion Reclassified From AOCI Into Cost of Sales			AOCI Balance as of July 2, 2011
Settled foreign currency forward contracts	$	279		$	1,253	$	(1,532	)	$	—
Unsettled foreign currency forward contracts		(521	)		2,261		—			1,740
Total	$	(242	)	$	3,514	$	(1,532	)	$	1,740

The following table summarizes the gain (loss) of derivative instruments on the Consolidated Statement of Operations for the fiscal year 2010 (in thousands):

Derivatives Designated as Hedging Instruments	AOCI Balance as of June 27, 2009		Effective Portion Recorded In AOCI			Effective Portion Reclassified From AOCI Into Cost of Sales			AOCI Balance as of July 3, 2010
Settled foreign currency forward contracts	$	912	$	912		$	(1,824	)	$	—
Unsettled foreign currency forward contracts		—		(242	)		—			(242	)
Total	$	912	$	670		$	(1,824	)	$	(242	)