DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jul. 03, 2020

DERIVATIVE FINANCIAL INSTRUMENTS

Schedule of fair values of outstanding derivatives designated as hedging instruments

		Fair Value of Derivative
		Instruments as of
	Balance Sheet Location	July 3, 2020		December 27, 2019
		(in thousands)
Interest rate swap agreement	Accrued liabilities	$	(658)	$	(241)
Interest rate swap agreement	Other noncurrent (liabilities) assets	$	(351)	$	(306)

Schedule of accumulated other comprehensive income (loss)

	Gain (Loss) on		Accumulated Other
	Derivative Instruments		Comprehensive Loss
	(in thousands)
Balances at December 27, 2019	$	(396)	$	(396)
Other comprehensive loss before reclassifications		(568)		(568)
Amounts reclassified from accumulated other comprehensive income		—		—
Income tax benefit related to derivative instruments		119		119
Net current-period other comprehensive loss		(845)		(845)
Balances at April 3, 2020	$	(845)	$	(845)
Other comprehensive loss before reclassifications	$	105	$	105
Amounts reclassified from accumulated other comprehensive income:		—		—
Income tax benefit (expense) related to derivative instruments		(22)		(22)
Net current-period other comprehensive loss		83		83
Balances at July 3, 2020	$	(762)	$	(762)