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Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 28, 2014
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

 

June 28,
2014

 

December 28,
2013

 

Interest rate swap

 

Other assets, net

 

$

172

 

$

513

 

 

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:

 

 

 

Loss Reclassified
from Accumulated
OCI into Income
(Effective Portion)
during the:

 

 

 

Three Months Ended

 

Location of Loss

 

Three Months Ended

 

 

 

June 28,
 2014

 

June 29,
 2013

 

Reclassified into
Income

 

June 28,
 2014

 

June 29,
 2013

 

Interest rate swaps

 

$

(486

)

$

1,101

 

Interest expense

 

$

(143

)

$

(141

)

 

 

 

Six Months Ended

 

 

 

Six Months Ended

 

 

 

June 28,
 2014

 

June 29,
 2013

 

 

 

June 28,
 2014

 

June 29,
 2013

 

Interest rate swaps

 

$

(627

)

$

1,144

 

Interest expense

 

$

(286

)

$

(322

)