Quarterly report pursuant to Section 13 or 15(d)

Derivative Financial Instruments (Tables)

v3.3.0.814
Derivative Financial Instruments (Tables)
 9 Months Ended
Oct. 04, 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 loss (“OCL”) and reclassifications from AOCL to earnings for the forty weeks ended October 4, 2015 and for the twelve and forty weeks ended October 5, 2014 (in thousands):
 
 
Losses recognized in OCL on derivative (effective portion)
 
Losses reclassified from AOCL into income (effective portion)
 
 
October 4, 2015
 
October 5, 2014
 
October 4, 2015
 
October 5, 2014
Twelve Weeks Ended
 
$
—

 
$
(10
)
 
$
(13
)
 
$
(21
)
Forty Weeks Ended
 
$
(3
)
 
$
(87
)
 
$
(36
)
 
$
(72
)
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 October 4, 2015 and December 28, 2014 (in thousands):
 
 
Derivative Liability
Balance Sheet Location
 
Fair Value at October 4, 2015
 
Fair Value at December 28, 2014
Accrued liabilities
 
$
—

 
$
347

Total derivatives
 
$
—

 
$
347