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

12 Months Ended

Dec. 28, 2014

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 December 28, 2014 and the basis for that measurement:



(amounts in thousands)	Total Fair Value Measurement December 28, 2014		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	$	55	$	—	$	55	$	—
Total assets	$	55	$	—	$	55	$	—

Foreign currency forward exchange contracts	$	23	$	—	$	23	$	—
Total liabilities	$	23	$	—	$	23	$	—

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



(amounts in thousands)	Total Fair Value Measurement December 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	$	18	$	—	$	18	$	—
Total liabilities	$	18	$	—	$	18	$	—

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 years ended December 28, 2014 and December 29, 2013:



(amounts in thousands)	December 28, 2014		December 29, 2013
Beginning balance, net of tax	$	—	$	21
Changes in fair value gain, net of tax	—		—
Reclass to earnings, net of tax	—		(21		)
Ending balance, net of tax	$	—	$	—

Carrying Amount And Fair Value 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 December 28, 2014 and December 29, 2013 are summarized in the following table:



	December 28, 2014				December 29, 2013
(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⁾
2013 Senior secured credit facility	$	65,000	$	65,000	$	90,000	$	90,000


⁽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 December 28, 2014 and December 29, 2013:



	December 28, 2014						December 29, 2013
	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	$	—	Other current liabilities	$	—
Total derivatives designated as hedging instruments		—			—			—			—
Derivatives not designated as hedging instruments
Foreign currency forward exchange contracts	Other current assets	55		Other current liabilities	23		Other current assets	—		Other current liabilities	18
Total derivatives not designated as hedging instruments		55			23			—			18
Total derivatives		$	55		$	23		$	—		$	18

Amounts Affecting The Consolidated Statement of Operations

The following tables present the amounts affecting the Consolidated Statement of Operations for the years ended December 28, 2014, December 29, 2013, and December 30, 2012:

December 28, 2014

(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

Other Gain

(Loss), net

Derivatives designated as cash flow hedges

Foreign currency revenue forecast contracts

—

Cost of sales

—



	December 29, 2013
(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
Derivatives designated as cash flow hedges
Foreign currency revenue forecast contracts	$	—	Cost of sales	$	(161	)	$	11



	December 30, 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
Derivatives designated as cash flow hedges
Foreign currency revenue forecast contracts	$	507	Cost of sales	$	(1,994	)	$	102

Effect of Non-Designated Hedging Instruments on Financial Performance

December 28, 2014

December 29, 2013

December 30, 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

Derivatives not designated as hedging instruments

Foreign exchange forwards and options

425

Other gain

(loss), net

(404

)

Other gain

(loss), net

261

Other gain

(loss), net