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Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 30, 2013
Derivative Financial Instruments  
Schedule of derivative financial instrument

 

The Company’s derivative financial instrument consisted of the following (in thousands):

 

 

 

 

 

Fair Value

 

 

 

Balance Sheet Location

 

March 30,
2013

 

December 29,
2012

 

Interest rate swap

 

Other non-current liabilities

 

$

433

 

$

658

 

Schedule of before-tax effect of derivative instruments in cash flow hedging relationships

The before-tax effect of derivative instruments in cash flow hedging relationships was as follows (in thousands):

 

 

 

Gain (Loss) Recognized in
OCI on Derivatives
(Effective Portion)
during the
Three Months Ended

 

Location of Loss

 

Loss Reclassified
from Accumulated
OCI into Income
(Effective Portion)
during the
Three Months Ended

 

 

 

March 30,
2013

 

March 31,
2012

 

Reclassified into
Income

 

March 30,
2013

 

March 31,
2012

 

Interest rate swaps

 

$

44

 

$

(132

)

Rent expense

 

$

 

$

(433

)

 

 

 

 

 

 

Interest expense

 

(181

)