XML 49 R13.htm IDEA: XBRL DOCUMENT
v2.4.1.9

TRADE ACCOUNTS RECEIVABLE PURCHASE PROGRAM | 9 Months Ended
--- | ---
Mar. 28, 2015
Receivables [Abstract] |
TRADE ACCOUNTS RECEIVABLE PURCHASE PROGRAM | Trade Accounts Receivable Purchase Programs Transfer Program On June 25, 2014, the Company entered into an Account Purchase Agreement with Wells Fargo Bank, N.A. (“WFB”) which provides that the Company may sell and assign to WFB and WFB may purchase from Company the accounts receivable of certain Company customers in a maximum aggregate amount of $50.0 million. The initial term of the agreement is 36 months with successive 12 month renewal terms. No accounts receivables were transferred under this original transfer agreement during the nine months ended March 28, 2015. As of June 28, 2014, total accounts receivables transferred was approximately $9.0 million. The receivables that were transferred under the transfer purchase program remained on our consolidated balance sheet. As of March 28, 2015, the Company had no remaining liability to WFB for transferred accounts receivables. As of June 28, 2014, the Company’s net liability to WFB for accounts receivables transferred was approximately $7.9 million classified as current portion of debt. Sale Program On December 18, 2014, the Company modified the original Account Purchase Agreement with WFB to allow the Company to account for the factored receivables as a true-sale. As of March 28, 2015, total accounts receivables sold was approximately $5.0 million with cash proceeds of approximately $4.5 million. The remaining outstanding balance of accounts receivables sold and not yet collected was approximately $0.5 million as of March 28, 2015 and is recorded on the Consolidated Balance Sheet in other current assets. No accounts receivables were sold during the nine months ended March 29, 2014. The receivables that were sold during the nine months ended March 28, 2015, were removed from the Consolidated Balance Sheet and the cash received is reflected as cash provided by operating activities in the Consolidated Statements of Cash Flows.

X
- Definition The entire disclosure for financing receivables. Examples of financing receivables include, but are not limited to, loans, trade accounts receivables, notes receivable, credit cards, and receivables relating to a lessor's right(s) to payment(s) from a lease other than an operating lease that is recognized as assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953791-111525 + Details
Name: | us-gaap_FinancingReceivablesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration