Quarterly report pursuant to Section 13 or 15(d)

Derivative Financial Instruments (Tables)

v3.2.0.727
Derivative Financial Instruments (Tables)
 6 Months Ended
Jul. 12, 2015
Derivative and Other Comprehensive Income  
Schedule of interest rate swaps designated as a cash flow hedge
The following table presents losses on the interest rate swap designated as a cash flow hedge recognized in other comprehensive income (“OCI”) and reclassifications from AOCI to earnings for the twelve and twenty-eight weeks ended July 12, 2015 and July 13, 2014 (in thousands):
 
 
Losses recognized in OCI on derivative (effective portion)
 
Losses reclassified from AOCI into income (effective portion)
 
 
July 12, 2015
 
July 13, 2014
 
July 12, 2015
 
July 13, 2014
Twelve Weeks Ended
 
$
—

 
$
(7
)
 
$
(13
)
 
$
(22
)
Twenty-eight Weeks Ended
 
$
(3
)
 
$
(78
)
 
$
(36
)
 
$
(51
)
Schedule of fair value and presentation of interest rate hedging instruments in condensed consolidated balance sheets
The following table summarizes the fair value and presentation of the interest rate swap in the accompanying condensed consolidated balance sheets as hedging instruments as of July 12, 2015 and December 28, 2014 (in thousands):
 
 
Derivative Liability
Balance Sheet Location
 
Fair Value at July 12, 2015
 
Fair Value at December 28, 2014
Accrued liabilities
 
$
—

 
$
347

Total derivatives
 
$
—

 
$
347