XML 80 R33.htm IDEA: XBRL DOCUMENT

Fair Value Measurement, Financial Instruments And Risk Management (Tables)

3 Months Ended

9 Months Ended

Sep. 29, 2013

Assets And Liabilities Measured At Fair Value On A Recurring Basis

The following tables represent our assets and liabilities measured at fair value on a recurring basis as of September 29, 2013 and December 30, 2012 and the basis for that measurement:



(amounts in thousands)	Total Fair Value Measurement September 29, 2013		Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Foreign currency forward exchange contracts	$	—	$	—	$	—	$	—
Total assets	$	—	$	—	$	—	$	—

Foreign currency forward exchange contracts	$	361	$	—	$	361	$	—
Total liabilities	$	361	$	—	$	361	$	—



(amounts in thousands)	Total Fair Value Measurement December 30, 2012		Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Foreign currency forward exchange contracts	$	179	$	—	$	179	$	—
Foreign currency revenue forecast contracts	14		—		14		—
Total assets	$	193	$	—	$	193	$	—

Foreign currency forward exchange contracts	$	208	$	—	$	208	$	—
Total liabilities	$	208	$	—	$	208	$	—

Summary Of Activity Associated With All Designated Cash Flow Hedges Reflected In AOCI

The following table provides a summary of the activity associated with all of our designated cash flow hedges (foreign currency) reflected in accumulated other comprehensive income for the nine months ended September 29, 2013:



(amounts in thousands)	September 29, 2013
Beginning balance, net of tax	$	21
Changes in fair value gain, net of tax	—
Reclassification to earnings, net of tax	(21		)
Ending balance, net of tax	$	—

Carrying And Fair Values Of Non-Current Financial Assets And Liabilities Not Measured At Fair Value On A Recurring Basis

The carrying values and the estimated fair values of non-current financial assets and liabilities that qualify as financial instruments and are not measured at fair value on a recurring basis at September 29, 2013 and December 30, 2012 are summarized in the following table:



	September 29, 2013				December 30, 2012
(amounts in thousands)	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Long-term debt (including current maturities and excluding capital leases and factoring)⁽¹⁾
Senior secured credit facility	$	32,720	$	32,720	$	42,021	$	42,021
Senior secured notes	$	55,623	$	55,931	$	66,114	$	66,549


⁽¹⁾	The carrying amounts are reported on the balance sheet under the indicated captions.

Fair Values Of Derivative Instruments Included Within The Consolidated Balance Sheets

The following table presents the fair values of derivative instruments included within the Consolidated Balance Sheets as of September 29, 2013 and December 30, 2012:



	September 29, 2013						December 30, 2012
	Asset Derivatives			Liability Derivatives			Asset Derivatives			Liability Derivatives
(amounts in thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments
Foreign currency revenue forecast contracts	Other current assets	$	—	Other current liabilities	$	—	Other current assets	$	14	Other current liabilities	$	—
Total derivatives designated as hedging instruments		—			—			14			—
Derivatives not designated as hedging instruments
Foreign currency forward exchange contracts	Other current assets	—		Other current liabilities	361		Other current assets	179		Other current liabilities	208
Total derivatives not designated as hedging instruments		—			361			179			208
Total derivatives		$	—		$	361		$	193		$	208

Amounts Affecting The Consolidated Statement Of Operations

The following tables represent the amounts affecting the Consolidated Statement of Operations for the nine months ended September 29, 2013 and September 23, 2012:



	September 29, 2013								September 23, 2012
(amounts in thousands)	Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives		Location of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income	Amount of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income			Amount of Forward Points Recognized in Other Gain (Loss), net		Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives		Location of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income	Amount of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income		Amount of Forward Points Recognized in Other Gain (Loss), net
Derivatives designated as cash flow hedges:
Foreign currency revenue forecast contracts	$	—	Cost of sales	$	(161	)	$	11	$	524	Cost of sales	$	1,322	$	89

The following tables present the amounts affecting the Consolidated Statement of Operations for the three months ended September 29, 2013 and September 23, 2012:



	September 29, 2013								September 23, 2012
(amounts in thousands)	Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives		Location of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income	Amount of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income			Amount of Forward Points Recognized in Other Gain (Loss), net		Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives			Location of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income	Amount of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income		Amount of Forward Points Recognized in Other Gain (Loss), net
Derivatives designated as cash flow hedges:
Foreign currency revenue forecast contracts	$	—	Cost of sales	$	(9	)	$	—	$	(298	)	Cost of sales	$	543	$	11

Effect Of Non-Designated Hedging Instruments On Financial Performance

Quarter

Nine Months

(13 weeks) Ended

(39 weeks) Ended

September 29, 2013

September 23, 2012

September 29, 2013

September 23, 2012

(amounts in thousands)

Amount of

Gain (Loss)

Recognized in

Income on

Derivatives

Location of

Gain (Loss)

Recognized in

Income on

Derivatives

Amount of

Gain (Loss)

Recognized in

Income on

Derivatives

Location of

Gain (Loss)

Recognized in

Income on

Derivatives

Amount of
Gain (Loss)
Recognized in
Income on
Derivatives

Location of
Gain (Loss)
Recognized in
Income on
Derivatives

Amount of
Gain (Loss)
Recognized in
Income on
Derivatives

Location of
Gain (Loss)
Recognized in
Income on
Derivatives

Derivatives not designated as hedging instruments:

Foreign exchange forwards and options

(491

)

Other gain

(loss), net

(81

)

Other gain

(loss), net

(224

)

Other gain
(loss), net

193

Other gain
(loss), net

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References+ Details

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References+ Details