Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Dec. 29, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The effects of derivative instruments on the Company’s condensed consolidated balance sheets as of December 29, 2012, June 30, 2012, and December 31, 2011, and on the Company’s income and OCI for the three and six months ended December 29, 2012, and December 31, 2011, were as follows (amounts presented exclude any income tax effects):

Fair Values of Derivative Instruments in Condensed Consolidated Balance Sheet

(Designated as (non)hedging instruments)

	Asset Derivatives
	Balance Sheet Presentation	Fair Value
		December 29, 2012		June 30, 2012		December 31, 2011
Hedging derivatives:
Foreign currency forward contracts	Other current assets	$	6,712	$	578	$	1,015
Total hedging derivatives		$	6,712	$	578	$	1,015
Non-hedging derivatives:
Foreign currency forward contracts	Other current assets	$	1,063	$	54	$	31
Total non-hedging derivatives		$	1,063	$	54	$	31
	Liability Derivatives
	Balance Sheet Presentation	Fair Value
		December 29, 2012		June 30, 2012		December 31, 2011
Hedging derivatives:
Foreign currency forward contracts	Accrued liabilities	$	264	$	5,585	$	6,219
Interest rate swap agreements	Other non-current liabilities	13,819		14,706		13,433
Total hedging derivatives		$	14,083	$	20,291	$	19,652
Non-hedging derivatives:
Foreign currency forward contracts	Accrued liabilities	$	19	$	614	$	784
Total non-hedging derivatives		$	19	$	614	$	784

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

ents)

	Asset Derivatives
	Balance Sheet Presentation	Fair Value
		December 29, 2012		June 30, 2012		December 31, 2011
Hedging derivatives:
Foreign currency forward contracts	Other current assets	$	6,712	$	578	$	1,015
Total hedging derivatives		$	6,712	$	578	$	1,015
Non-hedging derivatives:
Foreign currency forward contracts	Other current assets	$	1,063	$	54	$	31
Total non-hedging derivatives		$	1,063	$	54	$	31
	Liability Derivatives
	Balance Sheet Presentation	Fair Value
		December 29, 2012		June 30, 2012		December 31, 2011
Hedging derivatives:
Foreign currency forward contracts	Accrued liabilities	$	264	$	5,585	$	6,219
Interest rate swap agreements	Other non-current liabilities	13,819		14,706		13,433
Total hedging derivatives		$	14,083	$	20,291	$	19,652
Non-hedging derivatives:
Foreign currency forward contracts	Accrued liabilities	$	19	$	614	$	784
Total non-hedging derivatives		$	19	$	614	$	784

Effects of Derivative Instruments on Income and OCI for the three months ended December 29, 2012, and December 31, 2011

Derivatives in Cash Flow Hedging Relationships	Amount of Gain/(Loss) Recognized in OCI on Derivative (Effective Portion)					Location and Amount of Gain/(Loss) Reclassified from Accumulated OCI into Income (Effective Portion)							Location and Amount of Gain/(Loss) Recognized in Income on Derivative (Ineffective  Portion and Amount Excluded from Effectiveness Testing)
	December 29, 2012		December 31, 2011				December 29, 2012			December 31, 2011				December 29, 2012			December 31, 2011
T-Locks	$	—	$	—		Interest, net	$	91		$	91		Interest, net	$	—		$	—
Interest rate swap agreements	1,300		940			Interest, net	(1,229		)	(1,269		)	Interest, net	—			—
Foreign currency forward contracts	7,013		(3,859		)	Net sales	(186		)	262			Net sales	—			—
						Cost of sales	(1,429		)	825			Cost of sales	(74		)	—
						Interest, net	21			24
						Other income (expense), net	1,592			(1,571		)
Total	$	8,313	$	(2,919	)		$	(1,140	)	$	(1,638	)		$	(74	)	$	—

The Company also has forward foreign currency contracts that are not designated as hedging instruments and recognizes the gain/(loss) associated with these contracts in other income (expense), net. For the three months ended December 29, 2012, and December 31, 2011, the Company recorded a gain of $612 and a loss of $1,209, respectively, related to these contracts. The net hedge result offsets the revaluation of the underlying balance sheet exposure, which is also recorded in other income (expense), net.

Effects of Derivative Instruments on Income and OCI for the six months ended December 29, 2012, and December 31, 2011

Derivatives in Cash Flow Hedging Relationships	Amount of Gain/(Loss) Recognized in OCI on Derivative (Effective Portion)					Location and Amount of Gain/(Loss) Reclassified from Accumulated OCI into Income (Effective Portion)							Location and Amount of Gain/(Loss) Recognized in Income on Derivative (Ineffective  Portion and Amount Excluded from Effectiveness Testing)
	December 29, 2012		December 31, 2011				December 29, 2012			December 31, 2011				December 29, 2012			December 31, 2011
T-Locks	$	—	$	—		Interest, net	$	182		$	182		Interest, net	$	—		$	—
Interest rate swap agreements	900		(5,885		)	Interest, net	(2,443		)	(2,090		)	Interest, net	—			—
Foreign currency forward contracts	6,941		(8,128		)	Net sales	(270		)	(151		)	Net sales	—			(20		)
						Cost of sales	(3,104		)	2,354			Cost of sales	(65		)	687
						Interest, net	65			34
						Other income (expense), net	1,141			(2,406		)
Total	$	7,841	$	(14,013	)		$	(4,429	)	$	(2,077	)		$	(65	)	$	667

The Company also has forward foreign currency contracts that are not designated as hedging instruments and recognizes the gain/(loss) associated with these contracts in other income (expense), net. For the six months ended December 29, 2012, and December 31, 2011, the Company recorded a gain of $366 and a loss of $2,499, respectively, related to these contracts. The net hedge result offsets the revaluation of the underlying balance sheet exposure, which is also recorded in other income (expense), net.