Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 25, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair value of derivative instruments in Condensed Consolidated Balance Sheet

The fair value of derivative financial instruments and their classification within the unaudited condensed consolidated balance sheets as of September 25, 2016, December 31, 2015, and September 27, 2015 are as follows:

(In thousands)	Unaudited Condensed Consolidated Balance Sheet Location	Fair Value as of			Fair Value as of			Fair Value as of
		September 25, 2016			December 31, 2015			September 27, 2015
Derivatives designated as hedging instruments:
Interest rate swaps	Derivative Liability	$	—		$	(22,918	)	$	(24,042	)
Total derivatives designated as hedging instruments		$	—		$	(22,918	)	$	(24,042	)
Derivatives not designated as hedging instruments:
Interest rate swaps	Current Derivative Liability	$	—		$	—		$	(3,770	)
Interest rate swaps	Derivative Liability	$	(30,185	)	$	—		$	—
Total derivatives not designated as hedging instruments		$	(30,185	)	$	—		$	(3,770	)
Net derivative liability		$	(30,185	)	$	(22,918	)	$	(27,812	)

Effects of derivative instruments on income (loss) and other comprehensive income (loss)

The following table summarizes the effect of derivative instruments on income and other comprehensive income for the nine-month periods ended September 25, 2016 and September 27, 2015:

(In thousands)	Amount of Gain (Loss) recognized in 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 Derivatives
Designated Derivatives	Nine months ended 9/25/2016			Nine months ended 9/27/2015			Designated Derivatives	Nine months ended 9/25/2016			Nine months ended 9/27/2015		Derivatives Not Designated	Nine months ended 9/25/2016			Nine months ended 9/27/2015
Interest rate swaps	$	(4,671	)	$	(9,393	)	Interest Expense	$	(851	)	$	—	Net effect of swaps	$	(2,596	)	$	8,021

The following table summarizes the effect of derivative instruments on income and other comprehensive income for the three-month periods ended September 25, 2016 and September 27, 2015:

(In thousands)	Amount of Gain (Loss) recognized in 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 Derivatives
Designated Derivatives	Three months ended 9/25/2016		Three months ended 9/27/2015			Designated Derivatives	Three months ended 9/25/2016		Three months ended 9/27/2015		Derivatives Not Designated	Three months ended 9/25/2016		Three months ended 9/27/2015
Interest rate swaps	$	—	$	(5,237	)	Interest Expense	$	—	$	—	Net effect of swaps	$	715	$	3,125