XML 48 R34.htm IDEA: XBRL DOCUMENT v3.3.1.900
Summary Of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 27, 2015
Accounting Policies [Abstract]  
Schedule of Movement of Warranty Reserves
The following table sets forth the movement in the warranty reserve which is located in the other accrued expenses section of our Consolidated Balance Sheet:

(amounts in thousands)
December 27, 2015

 
December 28, 2014

Balance at beginning of year
$
4,379

 
$
4,521

Accruals for warranties issued
2,459

 
4,044

Settlements made
(3,205
)
 
(3,867
)
Foreign currency translation adjustment
(223
)
 
(319
)
Balance at end of period
$
3,410

 
$
4,379
Assumptions and Weighted Average Fair Values of Share-Based Payment Units Under Black-Scholes Option Pricing Model
The weighted-average fair values and assumptions were as follows:
Year Ended
December 27, 2015

 
December 28, 2014

 
December 29, 2013

Weighted-average fair value of grants
$
4.65

 
$
6.41

 
$
5.46

Valuation assumptions:
 

 
 

 
 

  Expected life (in years)
5.42

 
5.12

 
5.08

  Expected dividend yield
0.00
%
 
0.00
%
 
0.00
%
  Expected volatility
45.39
%
 
48.09
%
 
50.79
%
  Risk-free interest rate
1.584
%
 
1.465
%
 
0.835
%
Components Of Accumulated Other Comprehensive Income
The components of accumulated other comprehensive income (loss), net of tax, for the year ended December 27, 2015 were as follows:

(amounts in thousands)
Pension plan

 
Other postretirement benefit plan

 
Changes in realized and unrealized gains (losses) on derivative hedges

 
Foreign currency translation adjustment

 
Total accumulated other comprehensive income

Balance, December 28, 2014
$
(35,036
)
 
$
—

 
$
—

 
$
352

 
$
(34,684
)
Other comprehensive income (loss) before reclassifications
13,844

 
(1,014
)
 
(125
)
 
(21,208
)
 
(8,503
)
Amounts reclassified from other comprehensive income (loss)
2,960

 
—

 
—

 
—

 
2,960

Net other comprehensive income (loss)
16,804

 
(1,014
)
 
(125
)
 
(21,208
)
 
(5,543
)
Balance, December 27, 2015
$
(18,232
)
 
$
(1,014
)
 
$
(125
)
 
$
(20,856
)
 
$
(40,227
)
The components of accumulated other comprehensive income at December 27, 2015 and at December 28, 2014 are as follows:

(amounts in thousands)
December 27, 2015

 
December 28, 2014

Actuarial losses on pension plans, net of tax
$
(18,232
)
 
$
(35,036
)
Actuarial losses on other postretirement benefits, net of tax
(1,014
)
 
—

Derivative hedge contracts, net of tax
(125
)
 
—

Foreign currency translation adjustment
(20,856
)
 
352

Total
$
(40,227
)
 
$
(34,684
)
Summary of Reclassification out of Accumulated Other Comprehensive Income
The significant items reclassified from each component of other comprehensive income (loss) for the year ended December 27, 2015 were as follows:
(amounts in thousands)
 
 
 
Details about accumulated other comprehensive income (loss) components
Amount reclassified from accumulated other comprehensive income (loss)

 
Affected line item in the statement where net loss is presented
Amortization of pension plan items
 
 
 
Actuarial loss (1)
$
(2,947
)
 
 
Prior service cost (1)
(26
)
 
 
 
(2,973
)
 
Total before tax
 
13

 
Tax expense
 
$
(2,960
)
 
Net of tax
 
 
 
 
Total reclassifications for the period
$
(2,960
)
 
 

(1)
These accumulated other comprehensive income components are included in the computation of net periodic pension costs. Refer to Note 13 of the Consolidated Financial Statements.