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Derivatives
6 Months Ended
Jul. 02, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives

NOTE 12. DERIVATIVES

The following represents the gains (losses) on derivative financial instruments for the three and six months ended July 4, 2015, and their classifications within the accompanying condensed consolidated statements of comprehensive income. There were no amounts recognized in or reclassified from accumulated OCI(L) for the three and six months ended July 2, 2016:

 

     Derivatives in Cash Flow Hedging Relationships  
(in thousands)    Location of Gain or (Loss)      Amount of Gain or
(Loss) Reclassified

from Accumulated
OCI(L) into Income
(Effective Portion)
     Amount of Gain or
(Loss) Recognized in
Income on
Derivatives
(Ineffective Portion)
 
            Three Months Ended      Three Months Ended  
            July 4,      July 4,  
            2015      2015  

Aluminum contracts

     Cost of sales       $ (71    $ —     

Aluminum contracts

     Other expense, net         —           (125

Interest rate cap

     Other expense, net         —           (2
     

 

 

    

 

 

 
      $ (71    $ (127
     

 

 

    

 

 

 
            Six Months Ended      Six Months Ended  
            July 4,      July 4,  
            2015      2015  

Aluminum contracts

     Cost of sales       $ (126    $ —     

Aluminum contracts

     Other expense, net         —           (224

Interest rate cap

     Other expense, net         —           (2
     

 

 

    

 

 

 
      $ (126    $ (226