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DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 9 Months Ended
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Mar. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments | As of March 30, 2019, the aggregate notional amount of the Company’s outstanding foreign currency contracts along with their unrealized gains are expected to mature as summarized below (in thousands):
Quarter Ending |  | Notional Contracts in MXN |  | Notional Contracts in USD |  | Estimated Fair Value
June 29, 2019 |  | $ | 142,947 |  |  | $ | 6,828 |  |  | $ | 483 |
September 28, 2019 |  | $ | 148,468 |  |  | $ | 6,740 |  |  | $ | 741 |
December 28, 2019 |  | $ | 152,613 |  |  | $ | 7,187 |  |  | $ | 399 |
March 28, 2020 |  | $ | 146,613 |  |  | $ | 6,553 |  |  | $ | 631 |
June 27, 2020 |  | $ | 138,213 |  |  | $ | 6,257 |  |  | $ | 430 |
Summerized Fair Value of Derivative Instruments in Consolidated Balance Sheets | The following table summarizes the fair value of derivative instruments in the Consolidated Balance Sheet as of March 30, 2019 and June 30, 2018 (in thousands):
|  |  | March 30, 2019 |  | June 30, 2018
Derivatives Designated as Hedging Instruments | Balance Sheet Location |  | Fair Value |  | Fair Value
Foreign currency forward contracts & swaps | Other current assets |  | $ | 2,254 |  |  | $ | 23 |
Foreign currency forward contracts & swaps | Other long-term assets |  | $ | 430 |  |  | $ | 477 |
Foreign currency forward contracts & swaps | Other current liabilities |  | $ | — |  |  | $ | (1,618 | )
Foreign currency forward contracts & swaps | Other long-term liabilities |  | $ | — |  |  | $ | (58 | )
Interest rate swap | Other current assets |  | $ | 8 |  |  | $ | 20 |
Interest rate swap | Other long-term assets |  | $ | — |  |  | $ | 4 |
Gain (Loss) of Derivative Instruments in Statement of Operations | The following tables summarize the gain (loss) on derivative instruments, net of tax, on the Consolidated Statements of Income for the three months ended March 30, 2019 and March 31, 2018, respectively (in thousands):
Derivatives Designated as Hedging Instruments | Classification of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) |  | AOCI Balance as of December 29, 2018 |  | Effective Portion Recorded In AOCI |  | Effective Portion Reclassified From AOCI Into Income |  | AOCI Balance as of March 30, 2019
Forward contracts & swaps | Cost of sales |  | $ | 1,178 |  |  | $ | 1,059 |  |  | $ | (194 | ) |  | $ | 2,043 |
Interest rate swap | Interest expense |  | 13 |  |  | 1 |  |  | (7 | ) |  | 7 |
Total |  |  | $ | 1,191 |  |  | $ | 1,060 |  |  | $ | (201 | ) |  | $ | 2,050 |
Derivatives Designated as Hedging Instruments | Classification of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) |  | AOCI Balance as of December 30, 2017 |  | Effective Portion Recorded In AOCI (1) |  | Effective Portion Reclassified From AOCI Into Income |  | AOCI Balance as of March 31, 2018
Forward contracts & swaps | Cost of sales |  | $ | (2,972 | ) |  | $ | 2,830 |  |  | $ | 897 |  |  | $ | 755 |
Interest rate swap | Interest expense |  | (16 | ) |  | 13 |  |  | 14 |  |  | 11 |
Total |  |  | $ | (2,988 | ) |  | $ | 2,843 |  |  | $ | 911 |  |  | $ | 766 |
The following tables summarize the gain (loss) on derivative instruments, net of tax, on the Consolidated Statements of Income for the nine months ended March 30, 2019 and March 31, 2018, respectively (in thousands):
Derivatives Designated as Hedging Instruments | Classification of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) |  | AOCI Balance as of June 30, 2018 |  | Effective Portion Recorded In AOCI |  | Effective Portion Reclassified From AOCI Into Income |  | AOCI Balance as of March 30, 2019
Forward contracts & swaps | Cost of sales |  | $ | (988 | ) |  | $ | 2,308 |  |  | $ | 723 |  |  | $ | 2,043 |
Interest rate swap | Interest expense |  | 19 |  |  | 2 |  |  | (14 | ) |  | 7 |
Total |  |  | $ | (969 | ) |  | $ | 2,310 |  |  | $ | 709 |  |  | $ | 2,050 |
Derivatives Designated as Hedging Instruments | Classification of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) |  | AOCI Balance as of July 1, 2017 |  | Effective Portion Recorded In AOCI (1) |  | Effective Portion Reclassified From AOCI Into Income |  | AOCI Balance as of March 31, 2018
Forward contracts & swaps | Cost of sales |  | $ | (2,707 | ) |  | $ | 39 |  |  | $ | 3,423 |  |  | $ | 755 |
Interest rate swap | Interest expense |  | (68 | ) |  | 12 |  |  | 67 |  |  | 11 |
Total |  |  | $ | (2,775 | ) |  | $ | 51 |  |  | $ | 3,490 |  |  | $ | 766 |
(1) The effective portion recorded in AOCI for the three and nine months ended March 31, 2018 is net of the adoption of ASU 2018-02 which required a reclassification from AOCI to retained earnings for the stranded tax effects resulting from the Tax Cuts and Jobs Act.

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