Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 25, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments Measured at Fair Value in Consolidated Balance Sheets

Derivative instruments recorded at fair value in our unaudited condensed consolidated balance sheets as of June 25, 2019 and December 25, 2018, respectively, consisted of the following:



	Derivative Assets
(Amounts in thousands)	June 25, 2019			December 25, 2018
Derivatives designated as hedging instruments	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Interest rate cap	Other current assets	$	132	Other current assets	$	1,075
Total derivatives designated as hedging instruments		$	132		$	1,075

Schedule Cash Flow Hedges on Accumulated Other Comprehensive Income (Loss)

The effect of cash flow hedges on accumulated other comprehensive income (loss) for the 13 weeks ended June 25, 2019 and the 13 weeks ended June 26, 2018, was as follows (Amounts in thousands):



Derivatives in Cash Flow Hedging Relationships	Amount of Gain or (Loss) Recognized in Accumulated Other Comprehensive Income (Loss) on Derivative*					Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) into Income				Classification of Gain or (Loss) Recognized in income related to Amount Excluded from Effectiveness Testing	Amount of Gain or (Loss) Recognized in Income on Derivative (Amount Excluded from Effectiveness Testing)
	13 Weeks Ended						13 Weeks Ended					13 Weeks Ended
	June 25, 2019			June 26, 2018			June 25, 2019		June 26, 2018			June 25, 2019		June 26, 2018
Interest rate cap	$	(120	)	$	—	Interest, net of capitalized interest	$	—	$	—	Interest, net of capitalized interest	$	121	$	—

*The portion of gain/loss recognized in Accumulated Other Comprehensive Income related to the component excluded from the assessment of effectiveness was a loss of $0.1 million.

The effect of cash flow hedges on accumulated other comprehensive income (loss) for the 26 weeks ended June 25, 2019 and the 26 weeks ended June 26, 2018, was as follows (Amounts in thousands):



Derivatives in Cash Flow Hedging Relationships	Amount of Gain or (Loss) Recognized in Accumulated Other Comprehensive Income (Loss) on Derivative*					Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) into Income				Classification of Gain or (Loss) Recognized in income related to Amount Excluded from Effectiveness Testing	Amount of Gain or (Loss) Recognized in Income on Derivative (Amount Excluded from Effectiveness Testing)
	26 Weeks Ended						26 Weeks Ended					26 Weeks Ended
	June 25, 2019			June 26, 2018			June 25, 2019		June 26, 2018			June 25, 2019		June 26, 2018
Interest rate cap	$	(943	)	$	—	Interest, net of capitalized interest	$	—	$	—	Interest, net of capitalized interest	$	243	$	—

*The portion of gain/loss recognized in Accumulated Other Comprehensive Income related to the component excluded from the assessment of effectiveness was a loss of $0.9 million.

Schedule of Effect of Cash Flow Hedges on Statements of Operations

The effect of cash flow hedges on Consolidated Statements of Operations for the 13 weeks ended June 25, 2019 and the 13 weeks ended June 26, 2018, was as follows:



	Location and Amount of Gain or (Loss) Recognized in Income on Cash Flow Hedging Relationships
	13 Weeks Ended
(Amounts in thousands)	June 25, 2019		June 26, 2018
Gain or (loss) on cash flow hedging relationships
Interest Rate Cap:
Amount of gain or (loss) reclassified from accumulated other comprehensive income (loss) into income	$	—	$	—
Amount excluded from effectiveness testing using an amortization approach⁽¹⁾	121		—
Amount of gain or (loss) reclassified from accumulated other comprehensive income (loss) into income as a result that a forecasted transaction is no longer probable of occurring	—		—


(1)	The portion of the amount of loss reclassified from accumulated other comprehensive income (loss) to income includes $0.1 million related to the amortization of the excluded component.

The effect of cash flow hedges on Consolidated Statements of Operations for the 26 weeks ended June 25, 2019 and the 26 weeks ended June 26, 2018, was as follows:



	Location and Amount of Gain or (Loss) Recognized in Income on Cash Flow Hedging Relationships
	26 Weeks Ended
(Amounts in thousands)	June 25, 2019		June 26, 2018
Gain or (loss) on cash flow hedging relationships
Interest Rate Cap:
Amount of gain or (loss) reclassified from accumulated other comprehensive income (loss) into income	$	—	$	—
Amount excluded from effectiveness testing using an amortization approach⁽¹⁾	243		—
Amount of gain or (loss) reclassified from accumulated other comprehensive income (loss) into income as a result that a forecasted transaction is no longer probable of occurring	—		—


(1)	The portion of the amount of loss reclassified from accumulated other comprehensive income (loss) to income includes $0.2 million related to the amortization of the excluded component.