Other Expense, Net

3 Months Ended

Sep. 29, 2019

Other Income And Expenses [Abstract]

Other Expense, Net

Other Expense, net

Net other expense 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 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
	September 29, 2019			September 30, 2018
Foreign Currency Transaction Loss	$	(85	)	$	(428	)
Unrealized Gain on Peso Forward Contracts		—			225
Realized Gain on Peso Forward Contracts		—			172
Pension and Postretirement Plans Cost		(117	)		(318	)
Rabbi Trust (Loss) Gain		(2	)		79
Other		107			25
	$	(97	)	$	(245	)