Derivative Financial Instruments (Tables)

3 Months Ended

Apr. 03, 2016

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Pre-Tax Changes in Fair Value

The following summarizes Q1 2016 and Q1 2015 pre-tax changes in the fair value of the Company’s commodity derivative financial instruments and the classification of such changes in the consolidated statements of operations.

		First Quarter
In Thousands	Classification of Gain (Loss)	2016		2015
Commodity hedges	Cost of sales	$	842	$	213
Commodity hedges	Selling, delivery and administrative expenses		198		430
Total		$	1,040	$	643

Summary of Fair Values and Classification in Consolidated Balance Sheets of Derivative Instruments

The following table summarizes the fair values and classification in the consolidated balance sheets of derivative instruments held by the Company:

	Balance Sheet	Apr. 3,		Jan. 3,		Mar. 29,
In Thousands	Classification	2016		2016		2015
Assets:
Commodity hedges at fair market value	Prepaid expenses and other current assets	$	0	$	0	$	452
Commodity hedges at fair market value	Other assets		70		3		191
Total assets		$	70	$	3	$	643
Liabilities:
Commodity hedges at fair market value	Other accrued liabilities	$	2,470	$	3,442	$	0
Total liabilities		$	2,470	$	3,442	$	0