Derivative Instruments (Tables)

9 Months Ended

Mar. 27, 2022

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 27, 2022 (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 19, 2022 - June 14, 2022	$	5,250		20.80	$	168
Buy MXP/Sell USD	July 19, 2022 – June 13, 2023	$	9,000		22.42	$	575

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 27, 2022		June 27, 2021
Not Designated as Hedging Instruments:
Other Current Assets:
Mexican Peso Forward Contracts	$	743	$	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 Income and consisted of the following for the periods indicated below (thousands of dollars):

	Three Months Ended					Nine Months Ended
	March 27, 2022			March 28, 2021		March 27, 2022			March 28, 2021
Not Designated as Hedging Instruments:
Realized Gain	$	83		$	11	$	267		$	87
Realized (Loss)	$	(18	)	$	—	$	(67	)	$	—
Unrealized Gain	$	724		$	32	$	500		$	512