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Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 28, 2014
Derivative [Line Items]  
Fair value of derivative instruments in Condensed Consolidated Balance Sheet
Fair Value of Derivative Instruments and the Classification in Condensed Consolidated Balance Sheet:
(In thousands)
 
Condensed Consolidated
Balance Sheet Location
 
Fair Value as of
 
Fair Value as of
 
Fair Value as of
September 28, 2014
 
December 31, 2013
 
September 29, 2013
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
Interest rate swaps
 
Derivative Liability
 
$
(10,044
)
 
$
(3,916
)
 
$
(5,483
)
Total derivatives designated as hedging instruments
 
 
 
$
(10,044
)
 
$
(3,916
)
 
$
(5,483
)
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
Interest rate swaps
 
Derivative Liability
 
$
(15,758
)
 
$
(22,746
)
 
$
(26,163
)
Total derivatives not designated as hedging instruments
 
 
 
$
(15,758
)
 
$
(22,746
)
 
$
(26,163
)
Net derivative liability
 
 
 
$
(25,802
)
 
$
(26,662
)
 
$
(31,646
)
Effects of derivative instruments on income (loss) and other comprehensive income (loss)

Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the three-month periods ended September 28, 2014 and September 29, 2013:
 
(In thousands)
 
Amount of Gain (Loss) Recognized in  Accumulated OCI on Derivatives (Effective Portion)
 
Amount and Location of Gain (Loss)
Reclassified from Accumulated OCI into Income
(Effective Portion)
 
Amount and Location of Gain (Loss)
Recognized in Income on Derivative
(Ineffective Portion)
Derivatives designated as
Cash Flow Hedging
Relationships
 
Three months ended
 
Three months ended
 
 
 
Three months ended
 
Three months ended
 
 
 
Three months ended
 
Three months ended
 
9/28/14
 
9/29/13
 
 
 
9/28/14
 
9/29/13
 
 
 
9/28/14
 
9/29/13
Interest rate swaps
 
$
1,235

 
$
(5,483
)
 
Interest Expense
 
$
—

 
$
—

 
Net effect of swaps
 
$
—

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(In thousands)
 
Amount and Location of Gain (Loss) Recognized
in Income on Derivative
Derivatives not designated as Cash Flow
Hedging Relationships
 
 
 
Three months ended
 
Three months ended
 
 
 
9/28/14
 
9/29/13
Interest rate swaps
 
Net effect of swaps
 
$
3,073

 
$
609

 
 
 
 
$
3,073

 
$
609

 
 
 
 
 
 
 

Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the twelve-month periods ended September 28, 2014 and September 29, 2013:
(In thousands)
 
Amount of Gain (Loss)
Recognized in Accumulated OCI on Derivatives
(Effective Portion)
 
Amount and Location of Gain (Loss)
Reclassified from Accumulated OCI into Income
(Effective Portion)
 
Amount and Location of Gain (Loss)
Recognized in Income on Derivative
(Ineffective Portion)
Derivatives designated as
Cash Flow Hedging
Relationships
 
Twelve months ended
 
Twelve months ended
 
 
 
Twelve months ended
 
Twelve months ended
 
 
 
Twelve months ended
 
Twelve months ended
 
9/28/14
 
9/29/13
 
 
 
9/28/14
 
9/29/13
 
 
 
9/28/14
 
9/29/13
Interest rate swaps
 
$
(4,562
)
 
$
(769
)
 
Interest Expense
 
$
—

 
$
(5,820
)
 
Net effect of swaps
 
$
—

 
$
3,703

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

(In thousands)
 
Amount and Location of Gain (Loss) Recognized
in Income on Derivative
Derivatives not designated as Cash Flow Hedging
Relationships
 
 
 
Twelve months ended
 
Twelve months ended
 
 
 
9/28/14
 
9/29/13
Interest rate swaps
 
Net effect of swaps
 
$
10,408

 
$
130

 
 
 
 
$
10,408

 
$
130

 
 
 
 
 
 
 
Forward Starting Interest Rate Swap [Member]
  
Derivative [Line Items]  
Derivative instruments, notional amounts outstanding and interest rates
The following table presents our derivative portfolio along with their notional amounts and their fixed interest rates as of September 28, 2014.
 
Interest Rate Swaps
($'s in thousands)
Derivatives designated as hedging instruments
 
Derivatives not designated as hedging instruments
 
Notional Amounts
 
LIBOR Rate
 
Notional Amounts
 
LIBOR Rate
 
$
200,000

 
3.00
%
 
$
200,000

 
2.27
%
 
100,000

 
3.00
%
 
150,000

 
2.43
%
 
100,000

 
3.00
%
 
75,000

 
2.30
%
 
100,000

 
2.70
%
 
70,000

 
2.54
%
 
 
 
 
 
50,000

 
2.54
%
 
 
 
 
 
50,000

 
2.54
%
 
 
 
 
 
50,000

 
2.43
%
 
 
 
 
 
50,000

 
2.29
%
 
 
 
 
 
50,000

 
2.29
%
 
 
 
 
 
30,000

 
2.54
%
 
 
 
 
 
25,000

 
2.30
%
Total $'s / Average Rate
$
500,000

 
2.94
%
 
$
800,000

 
2.38
%