XML 89 R34.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair Value (Tables)
12 Months Ended
Dec. 28, 2013
Fair Value Disclosures [Abstract]  
Items Measured at Fair Value on a Recurring Basis

The following assets and liabilities are measured in the consolidated financial statements at fair value on a recurring basis and are categorized in the table below based upon the lowest level of significant input to the valuation:

 

    Fair Value Measurements at Reporting Date of Net Asset (Liabilities) Using:  
Description   December 28,
2013
    Quoted Prices in
Active Markets
(Level 1)
    Significant Other
Observable
Inputs (Level 2)
    Significant Unobservable
Inputs (Level 3)
 
(in thousands)                        

Aluminum forward contracts

  $ (479   $ —       $ (479   $ —    

Interest rate cap

    34        —          34        —    

Interest rate swap

    (630 )     —         (630 )     —    
 

 

 

   

 

 

   

 

 

   

 

 

 

Derivative financial instruments, net liability

  $ (1,075   $ —       $ (1,075   $ —    
 

 

 

   

 

 

   

 

 

   

 

 

 
Description   December 29,
2012
    Quoted Prices in
Active Markets
(Level 1)
    Significant Other
Observable
Inputs (Level 2)
    Significant Unobservable
Inputs (Level 3)
 
(in thousands)                        

Aluminum forward contracts

  $ 20      $ —       $ 20      $ —    

Interest rate cap

    —         —         —         —    
 

 

 

   

 

 

   

 

 

   

 

 

 

Derivative financial instruments, net asset

  $ 20      $ —       $ 20      $ —    
 

 

 

   

 

 

   

 

 

   

 

 

 
Fair Value of Financial Instruments

The following table presents the carrying values and estimated fair values of financial assets and liabilities that are required to be recorded or disclosed at fair value at December 28, 2013, and December 29, 2012, respectively (in thousands):

 

     December 28, 2013      December 29, 2012  
     Carrying
Amount
     Estimated
Fair
Value
     Carrying
Amount
     Estimated
Fair
Value
 

Financial assets and liabilities

           

Cash and cash equivalents

   $ 30,204       $ 30,204       $ 18,743       $ 18,743   

Accounts receivable, net

   $ 20,821       $ 20,821       $ 13,997       $ 13,997   

Accounts payable and accrued liabilities

   $ 15,522       $ 15,522       $ 13,279       $ 13,279   

Long-term debt (including current portion)

   $ 77,255       $ 77,255       $ 37,500       $ 37,500