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Other Income, Net
6 Months Ended
Dec. 27, 2015
Other Income And Expenses [Abstract]  
Other Income, Net

Other Income, net

Net other income included in the accompanying Condensed Consolidated Statements of Income and Comprehensive Income primarily included foreign currency transaction gains and losses, realized and unrealized losses on peso forward contracts and Rabbi Trust gains and losses. Foreign currency transaction gains and losses resulted from activity associated with foreign denominated assets held by our Mexican subsidiaries. We entered into the Mexican Peso currency forward contracts 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 this 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 27,

2015

 

 

December 28,

2014

 

 

December 27,

2015

 

 

December 28,

2014

 

Foreign Currency Transaction Gain................

 

$

364

 

 

$

1,635

 

 

$

1,321

 

 

$

2,421

 

Unrealized Gain (Loss) on Peso Forward Contracts......

 

 

29

 

 

 

 

 

 

(867

)

 

 

 

Realized Loss on Peso Forward Contracts............

 

 

(178

)

 

 

 

 

 

(178

)

 

 

 

Rabbi Trust Gain (Loss)........................

 

 

60

 

 

 

45

 

 

 

(104

)

 

 

18

 

Other....................................

 

 

75

 

 

 

143

 

 

 

146

 

 

 

172

 

 

 

$

350

 

 

$

1,823

 

 

$

318

 

 

$

2,611