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DERIVATIVE FINANCIAL INSTRUMENTS | 12 Months Ended
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Jun. 28, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
DERIVATIVE FINANCIAL INSTRUMENTS | DERIVATIVE FINANCIAL INSTRUMENTS As of June 28, 2014, the Company had outstanding foreign currency forward contracts of $62.4 million. These contract maturity dates extend through June 2017. As of June 28, 2014, the net amount of existing gains expected to be reclassified into earnings within the next 12 months is $1.4 million. During the fiscal year ended June 28, 2014, the Company entered into $15.2 million of foreign currency forward contracts and settled $22.5 million of such contracts. During the fiscal year ended June 29, 2013, the Company entered into $34.7 million of foreign currency forward contracts and settled $22.7 million of such contracts. During the fiscal year ended June 30, 2012, the Company entered into $41.1 million of foreign currency forward contracts and settled $21.2 million of such contracts. Subsequent to June 28, 2014, the Company entered into $5.4 million of additional foreign currency forward contracts that extended our hedge position through September 2017. The following table summarizes the fair value of derivative instruments in the Consolidated Balance Sheets as of June 28, 2014 and June 29, 2013 (in thousands):
|  |  |  | June 28, 2014 |  | June 29, 2013
Derivatives Designated as Hedging Instruments |  | Balance Sheet Location |  | Fair Value |  | Fair Value
Foreign currency forward contracts |  | Other current assets |  | $ | 2,034 |  |  | $ | 760 |
Foreign currency forward contracts |  | Other long-term assets |  | $ | 1,607 |  |  | $ | 1,669 |
Foreign currency forward contracts |  | Other current liabilities |  | $ | — |  |  | $ | (145 | )
Foreign currency forward contracts |  | Other long-term liabilities |  | $ | — |  |  | $ | (289 | )
The following table summarizes the gain (loss) of derivative instruments on the Consolidated Statement of Operations for the fiscal year 2014 (in thousands):
Derivatives Designated as Hedging Instruments |  | AOCI Balance as of June 29, 2013 |  | Effective Portion Recorded In AOCI |  | Effective Portion Reclassified From AOCI Into Cost of Sales |  | AOCI Balance as of June 28, 2014
Settled foreign currency forward contracts |  | $ | 404 |  |  | $ | 421 |  |  | $ | (825 | ) |  | $ | — |
Unsettled foreign currency forward contracts |  | 909 |  |  | 1,494 |  |  | — |  |  | 2,403 |
Total |  | $ | 1,313 |  |  | $ | 1,915 |  |  | $ | (825 | ) |  | $ | 2,403 |
The following table summarizes the gain (loss) of derivative instruments on the Consolidated Statement of Operations for the fiscal year 2013 (in thousands):
Derivatives Designated as Hedging Instruments |  | AOCI Balance as of June 30, 2012 |  | Effective Portion Recorded In AOCI |  | Effective Portion Reclassified From AOCI Into Cost of Sales |  | AOCI Balance as of June 29, 2013
Settled foreign currency forward contracts |  | $ | (479 | ) |  | $ | 1,060 |  |  | $ | (581 | ) |  | $ | — |
Unsettled foreign currency forward contracts |  | (180 | ) |  | 1,493 |  |  | — |  |  | 1,313 |
Total |  | $ | (659 | ) |  | $ | 2,553 |  |  | $ | (581 | ) |  | $ | 1,313 |
The following table summarizes the gain (loss) of derivative instruments on the Consolidated Statement of Operations for the fiscal year 2012 (in thousands):
Derivatives Designated as Hedging Instruments |  | AOCI Balance as of July 2, 2011 |  | Effective Portion Recorded In AOCI |  | Effective Portion Reclassified From AOCI Into Cost of Sales |  | AOCI Balance as of June 30, 2012
Settled foreign currency forward contracts |  | $ | 1,035 |  |  | $ | (1,119 | ) |  | $ | 84 |  |  | $ | — |
Unsettled foreign currency forward contracts |  | 705 |  |  | (1,364 | ) |  | — |  |  | (659 | )
Total |  | $ | 1,740 |  |  | $ | (2,483 | ) |  | $ | 84 |  |  | $ | (659 | )
As of June 28, 2014, the Company does not have any foreign exchange contracts with credit-risk-related contingent features. The Company is subject to the risk of fluctuating interest rates from our line of credit and foreign currency risk resulting from our China operations. The Company does not currently manage these risk exposures by using derivative instruments.

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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7668309&loc=d3e80748-113994 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41635-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4K -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5708775-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 25 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 30 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6441202&loc=d3e80720-113993 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4H -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624258-113959 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624181-113959 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4J -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5708773-113959 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7668309&loc=d3e80784-113994 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41620-113959 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4D -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624177-113959 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579245-113959 Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5580258-113959 Reference 17: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579240-113959 Reference 18: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41641-113959 Reference 19: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41638-113959 Reference 20: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959 + Details
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