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Fair Value of Financial Instruments
 6 Months Ended
Jan. 01, 2012
Fair Value of Financial Instruments [Abstract]  
Fair Value of Financial Instruments

Fair Value of Financial Instruments

The fair value of our cash and cash equivalents, accounts receivable, accounts payable and loans from and to related parties approximated book value as of January 1, 2012 and December 26, 2010. Fair value is defined as the exchange price that would be received for an asset or paid for a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis as of January 1, 2012 (in thousands of dollars):

 

      September 30,       September 30,       September 30,  
    Fair Value Inputs  
    Quoted Prices
In Active Markets		     Observable Inputs Other
Than Market Prices		     Unobservable
Inputs		  

Assets:

                        

Rabbi Trust Assets:

                        

Stock Index Funds:

                        

Small Cap

   $ 272     $ —       $ —    

Mid Cap

     263       —         —    

Large Cap

     736       —         —    

U.S. Treasury Securities

     2,749       —         —    

Cash and Cash Equivalents

     232       —         —    

Mexican Peso Option Contracts

     —         144       —    
   

 

 

    

 

 

    

 

 

  

Total Assets at Fair Value

   $ 4,252     $ 144     $ —    
   

 

 

    

 

 

    

 

 

  

Liabilities:

                        

Mexican Peso Option Contracts

   $ —       $ 1,615     $ —    
   

 

 

    

 

 

    

 

 

  

 

The Rabbi Trust assets fund our supplemental executive retirement plan and are included in Other Current Assets in the accompanying Condensed Consolidated Balance Sheets. The Rabbi Trust assets are classified as Level 1 assets. Refer to the discussion of Mexican peso option contracts under Derivative Instruments above. The fair value of the Mexican Peso option contracts are based on an option pricing model that considers the remaining term, current exchange rate and volatility of the underlying foreign currency base. There were no transfers between Level 1 and Level 2 assets during the three and six months ended January 1, 2012.