Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Mar. 30, 2013

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 March 30, 2013, June 30, 2012, and March 31, 2012, and on the Company’s income and OCI for the three and nine months ended March 30, 2013, and March 31, 2012, 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
		March 30, 2013		June 30, 2012		March 31, 2012
Hedging derivatives:
Foreign currency forward contracts	Other current assets	$	8,564	$	578	$	1,619
Total hedging derivatives		$	8,564	$	578	$	1,619
Non-hedging derivatives:
Foreign currency forward contracts	Other current assets	$	684	$	54	$	323
Total non-hedging derivatives		$	684	$	54	$	323
	Liability Derivatives
	Balance Sheet Presentation	Fair Value
		March 30, 2013		June 30, 2012		March 31, 2012
Hedging derivatives:
Foreign currency forward contracts	Accrued liabilities	$	571	$	5,585	$	2,630
Interest rate swap agreements	Other non-current liabilities	13,306		14,706		13,248
Total hedging derivatives		$	13,877	$	20,291	$	15,878
Non-hedging derivatives:
Foreign currency forward contracts	Accrued liabilities	$	370	$	614	$	10
Total non-hedging derivatives		$	370	$	614	$	10

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

Effects of Derivative Instruments on Income and OCI for the three months ended March 30, 2013, and March 31, 2012

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)
	March 30, 2013		March 31, 2012			March 30, 2013			March 31, 2012				March 30, 2013			March 31, 2012
T-Locks	$	—	$	—	Interest, net	$	91		$	91		Interest, net	$	—		$	—
Interest rate swap agreements	1,025		190		Interest, net	(1,236		)	(1,196		)	Interest, net	—			—
Foreign currency forward contracts	2,499		3,009		Net sales	189			57			Net sales	—			—
					Cost of sales	(295		)	(1,067		)	Cost of sales	(1		)	(32		)
					Interest, net	44			56
					Other income (expense), net	633			577
Total	$	3,524	$	3,199		$	(574	)	$	(1,482	)		$	(1	)	$	(32	)

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 March 30, 2013, and March 31, 2012, the Company recorded a gain of $1,005 and $1,145, 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 nine months ended March 30, 2013, and March 31, 2012

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)
	March 30, 2013		March 31, 2012				March 30, 2013			March 31, 2012				March 30, 2013			March 31, 2012
T-Locks	$	—	$	—		Interest, net	$	273		$	273		Interest, net	$	—		$	—
Interest rate swap agreements	1,925		(5,695		)	Interest, net	(3,679		)	(3,316		)	Interest, net	—			—
Foreign currency forward contracts	9,310		(5,100		)	Net sales	(80		)	(93		)	Net sales	—			(20		)
						Cost of sales	(2,808		)	1,287			Cost of sales	(66		)	655
						Interest, net	(109		)	90
						Other income (expense), net	1,774			(1,830		)
Total	$	11,235	$	(10,795	)		$	(4,629	)	$	(3,589	)		$	(66	)	$	635

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 nine months ended March 30, 2013, and March 31, 2012, the Company recorded a gain of $1,371 and a loss of $1,354, 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.