Derivative Financial Instruments (Tables)

6 Months Ended

Jul. 03, 2016

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Pre-Tax Changes in Fair Value

The following summarizes Q2 2016, Q2 2015, YTD 2016 and YTD 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.

		Second Quarter					First Half
In Thousands	Classification of Gain (Loss)	2016		2015			2016		2015
Commodity hedges	Cost of sales	$	1,452	$	(893	)	$	2,294	$	(681	)
Commodity hedges	Selling, delivery and administrative expenses		1,318		144			1,516		575
Total		$	2,770	$	(749	)	$	3,810	$	(106	)

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:

In Thousands	Balance Sheet Classification	July 3, 2016		January 3, 2016		June 28, 2015
Assets:
Commodity hedges at fair market value	Prepaid expenses and other current assets	$	102	$	-	$	428
Commodity hedges at fair market value	Other assets		560		3		147
Total assets		$	662	$	3	$	575
Liabilities:
Commodity hedges at fair market value	Other accrued liabilities	$	291	$	3,442	$	569
Commodity hedges at fair market value	Other liabilities		-		-		112
Total liabilities		$	291	$	3,442	$	681