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Derivative Instruments (Tables)
3 Months Ended
Sep. 26, 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 September 26, 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

 

October 19, 2021 - June 14, 2022

 

$

12,750

 

 

 

20.72

 

 

$

145

 

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):

 

 

 

September 26,

2021

 

 

June 27,

2021

 

Not Designated as Hedging Instruments:

 

 

 

 

 

 

 

 

Other Current Assets:

 

 

 

 

 

 

 

 

Mexican Peso Forward Contracts

 

$

145

 

 

$

243

 

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 (Loss) Income and consisted of the following for the periods indicated below (thousands of dollars):

 

 

Three Months Ended

 

 

 

September 26,

2021

 

 

September 27,

2020

 

Not Designated as Hedging Instruments:

 

 

 

 

 

 

 

 

Realized Gain (Loss)

 

$

139

 

 

$

(59

)

Unrealized (Loss) Gain

 

$

(98

)

 

$

335