Annual report pursuant to Section 13 and 15(d)

Derivative and Other Comprehensive Income (Tables)

v2.4.0.8
Derivative and Other Comprehensive Income (Tables)
 12 Months Ended
Dec. 29, 2013
Derivative and Other Comprehensive Income  
Schedule of interest rate swaps designated as a cash flow hedge
The following table presents the impact of the interest rate swap designated as a cash flow hedge as of December 29, 2013 (in thousands):
Derivative in cash flow hedging relationship
 
Amount of loss recognized in OCI on derivative (effective portion)
 
Location of loss reclassified from AOCI into income (effective portion)
 
Amount of loss reclassified from AOCI into income (effective portion)
 
Location of loss recognized in income on derivative (ineffective portion and amount excluded from effectiveness testing)
 
Amount of loss recognized in income on derivative (ineffective portion and amount excluded from effectiveness testing)
Interest rate swap
 
$
(123
)
 
Interest expense, net and other
 
$
(80
)
 
Interest expense, net and other
 
$
(5
)
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 consolidated balance sheets as hedging instruments as of December 29, 2013 and December 30, 2012 (in thousands):
 
 
Derivative Liability
Balance Sheet Location
 
Fair Value at
December 29, 2013
 
Fair Value at
December 30, 2012
Accrued liabilities
 
$
516

 
$
539

Other non-current liabilities
 
271

 
677

Total derivatives
 
$
787

 
$
1,216

Schedule of components of accumulated other comprehensive income
The components of accumulated other comprehensive income related to the interest rate swap being used to hedge cash flows as of December 29, 2013 and December 30, 2012 were (in thousands):
 
 
December 29, 2013
 
December 30, 2012
Unrealized (loss) gain related to cash flow hedges, pretax
 
$
(43
)
 
$
9

Tax effect
 
13

 
(4
)
Accumulated other comprehensive (loss) income, net
 
$
(30
)
 
$
5