Other (Expense) Income, Net

6 Months Ended

Dec. 29, 2013

Other (Expense) Income, Net

Other (Expense) Income, net

Net other (expense) income included in the accompanying Condensed Consolidated Statements of Income and Comprehensive Income primarily included foreign currency transaction gains and losses, unrealized gains and losses on our Mexican Peso option contracts, and Rabbi Trust gains and losses. Foreign currency transaction gains and losses were the result of foreign currency transactions entered into by our Mexican subsidiaries and fluctuations in foreign currency cash balances. We entered into the Mexican Peso currency option contracts during fiscal 2013 to minimize earnings volatility resulting from changes in exchange rates affecting the U.S. dollar cost of our Mexican operations. The Rabbi Trust assets fund our amended and restated supplemental executive retirement plan. The investments held in the Trust are considered trading securities.

The impact of these items for each of the periods presented was as follows (in thousands):

	Three Months Ended						Six Months Ended
	December 29,2013			December 30,2012			December 29,2013		December 30,2012
Foreign Currency Transaction Gain (Loss)	$	(174	)	$	142		$	38	$	(313	)
Rabbi Trust Gain (Loss)		57			(11	)		105		53
Unrealized Gain on Mexican Peso Option Contracts		-			38			-		349
Realized Loss on Mexican Peso Option Contracts, net		-			-			-		(34	)
Other		63			18			82		114
	$	(54	)	$	187		$	225	$	169