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Derivative Instruments (Tables)
6 Months Ended
Dec. 30, 2018
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Schedule of Quantification of Outstanding Mexican Peso Forward Contracts

The following table quantifies the outstanding Mexican peso forward contracts as of December 30, 2018 (thousands of dollars, except average forward contractual exchange rates):

 

 

Effective Dates

 

Notional Amount

 

 

Average Forward Contractual Exchange Rate

 

 

Fair Value

 

Buy MXP/Sell USD

 

January 15, 2019 - June 13, 2019

 

$

4,500

 

 

 

20.22

 

 

$

54

 

Fair Market Value of All Outstanding Peso Forward Contracts

The fair market value of all outstanding Mexican peso forward contracts in the accompanying Condensed Consolidated Balance Sheets was as follows (thousands of dollars):

 

 

 

December 30,

2018

 

 

July 1,

2018

 

Not Designated as Hedging Instruments:

 

 

 

 

 

 

 

 

Other Current Assets (Liabilities):

 

 

 

 

 

 

 

 

Mexican Peso Forward Contracts

 

$

54

 

 

$

(39

)

Pre-Tax Effects of the Peso Forward Contracts

The pre-tax effects of the Mexican peso forward contracts are included in Other (Expense) Income, net on the accompanying Condensed Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income and consisted of the following (thousands of dollars):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

December 30,

2018

 

 

December 31,

2017

 

 

December 30,

2018

 

 

December 31,

2017

 

Not Designated as Hedging Instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized Gain

 

$

50

 

 

$

201

 

 

$

222

 

 

$

659

 

Unrealized (Loss) Gain

 

$

(132

)

 

$

(821

)

 

$

93

 

 

$

(1,079

)