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Derivative Instruments (Tables)
9 Months Ended
Mar. 28, 2021
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 March 28, 2021 (thousands of dollars, except with respect to the average forward contractual exchange rate):

 

 

 

Effective Dates

 

Notional Amount

 

 

Average Forward Contractual Exchange Rate

 

 

Fair Value

 

Buy MXP/Sell USD

 

April 13, 2021 - December 14, 2021

 

$

5,000

 

 

 

21.05

 

 

$

32

 

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 as of the dates specified was as follows (thousands of dollars):

 

 

 

March 28,

2021

 

 

June 28,

2020

 

Not Designated as Hedging Instruments:

 

 

 

 

 

 

 

 

Other Current Assets (Liabilities):

 

 

 

 

 

 

 

 

Mexican Peso Forward Contracts

 

$

32

 

 

$

(480

)

Pre-Tax Effects of the Peso Forward Contracts

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

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

March 28,

2021

 

 

March 29,

2020

 

 

March 28,

2021

 

 

March 29,

2020

 

Not Designated as Hedging Instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized Gain

 

$

11

 

 

$

 

 

$

87

 

 

$

 

Unrealized Gain (Loss)

 

$

32

 

 

$

(1,048

)

 

$

512

 

 

$

(1,048

)