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

6 Months Ended

Jun. 28, 2015

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 June 28, 2015 and December 28, 2014 and the basis for that measurement:



	June 28, 2015
(amounts in thousands)	Total Fair Value Measurement June 28, 2015		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	$	19	$	—	$	19	$	—
Total assets	$	19	$	—	$	19	$	—

Foreign currency forward exchange contracts	$	37	$	—	$	37	$	—
Total liabilities	$	37	$	—	$	37	$	—



	December 28, 2014
(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	$	—

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

We believe that the fair values of our current assets and current liabilities (cash, accounts receivable, accounts payable, and other current liabilities) approximate their reported carrying amounts. 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 June 28, 2015 and December 28, 2014 are summarized in the following table:



	June 28, 2015				December 28, 2014
(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	$	65,000	$	65,000


⁽¹⁾	The carrying amounts are reported on the Consolidated Balance Sheets 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 June 28, 2015 and December 28, 2014:



	June 28, 2015						December 28, 2014
	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 not designated as hedging instruments
Foreign currency forward exchange contracts	Other current assets	$	19	Other current liabilities	$	37	Other current assets	$	55	Other current liabilities	$	23
Total derivatives not designated as hedging instruments		19			37			55			23
Total derivatives		$	19		$	37		$	55		$	23

Effect Of Non-Designated Hedging Instruments On Financial Performance

The following table represents the amounts affecting the Consolidated Statements of Operations for the three and six months ended June 28, 2015 and June 29, 2014:

Quarter

Six months

(13 weeks) Ended

(26 weeks) Ended

June 28, 2015

June 29, 2014

June 28, 2015

June 29, 2014

(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

564

Other gain

(loss), net

(36

)

Other gain

(loss), net

275

Other gain
(loss), net

(66

)

Other gain
(loss), net