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Derivatives (Tables)
12 Months Ended
Dec. 28, 2013
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Fair Value of Hedges and Interest Rate Cap

The fair value of our aluminum hedges and interest rate cap are classified in the accompanying consolidated balance sheets as follows (in thousands):

 

          December 28,
2013
    December 29,
2012
 

Derivatives in a net asset (liability) position

   Balance Sheet Location             

Hedging instruments:

       

Aluminum forward contracts

   Other Current Asset    $  —       $ 20   

Aluminum forward contracts

   Accrued Liabilities      (441 )     —     

Aluminum forward contracts

   Other Liabilities      (38 )     —     

Interest rate cap

   Other Current Asset      21        —     

Interest rate cap

   Other Asset      13        —     

Interest rate swap

   Other Liabilities      (630     —     
     

 

 

   

 

 

 

Total hedging instruments

      $ (1,075   $ 20   
     

 

 

   

 

 

 
Schedule of Offsetting Derivative Instrument

The impact of the offsetting derivative instruments are depicted below:

 

As of December 28, 2013  
(in thousands)                           
    

Gross Amounts of

Recognized Assets

    

Gross Amounts offset

in Balance Sheet

   

Net amounts of

Assets Presented in

Balance Sheet

     Gross Amounts not offset in Balance Sheet  
Description            Financial
Instruments
     Cash Collateral
Received
     Net Amount  

Aluminum Forward Contract

   $ —         $ —        $ —         $ —         $ —         $ —     

Interest Rate Caps

   $ 34       $ —        $ 34       $ —         $ —         $ 34   
As of December 28, 2013  
(in thousands)                           
     Gross Amounts of
Recognized
Liabilities
     Gross Amounts offset
in Balance Sheet
    Net amounts of
Liabilities
Presented in
Balance Sheet
     Gross Amounts not offset in Balance Sheet  
Description            Financial
Instruments
     Cash Collateral
Pledged
     Net Amount  

Aluminum Forward Contract

   $ 479       $ —        $ 479       $ —         $ —         $ 479   

Interest Rate Swap

   $ 630       $ —        $ 630       $ —         $ —         $ 630   
As of December 29, 2012  
(in thousands)                           
     Gross Amounts of
Recognized Assets
     Gross Amounts offset
in Balance Sheet
    Net amounts of
Assets Presented in
Balance Sheet
     Gross Amounts not offset in Balance Sheet  
Description            Financial
Instruments
     Cash Collateral
Received
     Net Amount  

Aluminum Forward Contract

   $ 53       $ (33   $ 20       $ —         $ —         $ 20   
As of December 29, 2012  
(in thousands)                           
     Gross Amounts of
Recognized
Liabilities
     Gross Amounts offset
in Balance Sheet
    Net amounts of
Liabilities
Presented in
Balance Sheet
     Gross Amounts not offset in Balance Sheet  
Description            Financial
Instruments
     Cash Collateral
Pledged
     Net Amount  

Aluminum Forward Contract

   $ 33       $ (33   $ —         $ —         $ —         $ — 
Gains (Losses) on Derivative Financial Instruments

The following represents the gains (losses) on derivative financial instruments for the years ended December 28, 2013, December 29, 2012, and December 31, 2011, and their classifications within the accompanying consolidated financial statements (in thousands):

 

    Derivatives in Cash Flow Hedging Relationships  
    Amount of (loss) Recognized in
OCI on Derivatives (Effective Portion)
    Location of Gain or (Loss)
Reclassified from
Accumulated OCI into
Income
(Effective Portion)
  Amount of Gain Reclassified from
Accumulated OCI into Income (Effective
Portion)
 
    Year Ended         Year Ended  
    December 28,
2013
    December 29,
2012
    December 31,
2011
        December 28,
2013
    December 29,
2012
    December 31,
2011
 

Aluminum contracts

  $ (761   $ (24   $ (220   Cost of sales   $ 145      $ 200      $ 335   

Interest Rate Swap

  $ (630   $ —        $ —        Interest Expense   $ —        $ —        $ —    

 

     Derivatives in Cash Flow Hedging Relationships  
     Location of Gain or (Loss)
Recognized in Income on
Derivatives (Ineffective Portion)
   Amount of Gain or (Loss) Recognized in
Income on Derivatives (Ineffective Portion)
 
          Year Ended  
          December 28,
2013
    December 29,
2012
     December 31,
2011
 

Aluminum contracts

   Other income or other expense    $ (358   $ 208       $ —    

Interest rate swap

   Other income or other expense    $ —        $ —         $ —