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Derivative and Hedging Activities (Tables)
 3 Months Ended
Mar. 29, 2016
Derivative and Hedging Activities  
Summary of fair value presentation of derivative instruments designated as hedging instrument

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Assets

 

Derivative Liabilities

 

 

    

Balance Sheet

    

March 29,

    

December 29,

    

March 29,

    

December 29,

 

 

 

Location

 

2016

 

2015

 

2016

 

2015

 

Derivative Contracts Designated as Hedging Instruments under ASC 815

 

(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

 

 

$

—

 

$

—

 

$

—

 

$
45

 

Total Derivative Contracts

 

 

 

$

—

 

$

—

 

$

—

 

$
45

 

(1) As of December 29, 2015, a derivative liability was included in other accrued liabilities on the balance sheet. 

Summary of effect of interest rate swaps in the consolidated statements of income and comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

13 Weeks Ended

 

 

 

   

March 29, 2016

   

March 31, 2015

   

 

Gain recognized in AOCI, net of tax (effective portion) (1)

 

$
27

 

$
201

 

 

Loss reclassified from AOCI to income (effective portion) (1)

 

$
45

 

$
369

 

 

(1)

The 13 weeks ended March 29, 2016 included the effect of one interest rate swap which expired on January 7, 2016, while the 13 weeks ended March 31, 2015 included the effect of two interest rate swaps, one of which expired on November 7, 2015.