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Fair Value of Financial Instruments
6 Months Ended
Dec. 29, 2011
Fair Value of Financial Instruments [Abstract]  
Fair Value of Financial Instruments

Note 12 — Fair Value of Financial Instruments

The fair value of the Tranche A portion of our Mortgage Facility as of December 29, 2011, including current maturities, was estimated at approximately $35,000, which exceeds our carrying value of $27,200. The fair value of the fixed rate debt was determined using a market approach based upon Level 2 observable inputs, which estimates fair value based on companies with similar credit quality and size of debt issuances for similar terms.

The carrying amounts of our other long-term debt, including the Tranche B portion of the Mortgage Facility, industrial development bonds and Selma, Texas financing obligation, are approximately the same as their estimated fair values.