XML 49 R38.htm IDEA: XBRL DOCUMENT v3.19.2
Financial Instruments (Tables)
 6 Months Ended
Jun. 29, 2019
Notes To Financial Statements [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table summarizes the company’s fair value of interest rate swaps (in thousands):
 
Condensed Consolidated
Balance Sheet Presentation
 
Jun 29, 2019

 
Dec 29, 2018

Fair value
Other assets
 
$
3,238

 
$
13,487

Fair value
Other non-current liabilities
 
$
25,402

 
$
4,125
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The impact on earnings from interest rate swaps was as follows (in thousands):
 
 
 
Three Months Ended
 
Six Months Ended
 
Presentation of Gain/(loss)
 
Jun 29, 2019
 
Jun 30, 2018
 
Jun 29, 2019
 
Jun 30, 2018
Gain/(loss) recognized in accumulated other comprehensive income
Other comprehensive income
 
$
(18,187
)
 
$
4,338

 
$
(29,976
)
 
$
10,958

Gain/(loss) reclassified from accumulated other comprehensive income (effective portion)
Interest expense
 
$
784

 
$
248

 
$
1,550

 
$
236

Gain/(loss) recognized in income (ineffective portion)
Other expense
 
$
—

 
$
(161
)
 
$
—

 
$
(113
)