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Other (Expense) Income, Net
6 Months Ended
Dec. 30, 2018
Other Income And Expenses [Abstract]  
Other (Expense) Income, Net

Other (Expense) Income, net

Net other (expense) income included in the accompanying Condensed Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income primarily included foreign currency transaction gains and losses, realized and unrealized losses on our Mexican peso currency forward contracts, net periodic pension and postretirement benefit (costs) credits, other than the service cost component, related to our pension and postretirement plans 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 30,

2018

 

 

December 31,

2017

 

 

December 30,

2018

 

 

December 31,

2017

 

 

Foreign Currency Transaction Loss

 

$

359

 

 

$

556

 

 

$

(69

)

 

$

419

 

 

Unrealized (Loss) Gain on Peso Forward Contracts

 

 

(132

)

 

 

(821

)

 

 

93

 

 

 

(1,079

)

 

Realized Gain on Peso Forward Contracts

 

 

50

 

 

 

201

 

 

 

222

 

 

 

659

 

 

Pension and Postretirement Plans (Cost) Credit

 

 

(317

)

 

 

112

 

 

 

(635

)

 

 

224

 

 

Rabbi Trust (Loss) Gain

 

 

(279

)

 

 

103

 

 

 

(200

)

 

 

192

 

 

Other

 

 

57

 

 

 

(42

)

 

 

82

 

 

 

(219

)

 

 

 

$

(262

)

 

$

109

 

 

$

(507

)

 

$

196