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Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 24, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair value of derivative instruments in Condensed Consolidated Balance Sheet
The fair market value of the Partnership's swap portfolio was recorded within "Derivative Liability" on the unaudited condensed consolidated balance sheets as of September 24, 2017, December 31, 2016, and September 25, 2016 as follows:
(In thousands)
 
September 24, 2017
 
December 31, 2016
 
September 25, 2016
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
Interest rate swaps
 
$
(14,849
)
 
$
(17,721
)
 
$
(30,185
)
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 months ended September 24, 2017 and September 25, 2016:
(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 9/24/2017
 
Nine months ended 9/25/2016
 
Designated Derivatives
 
Nine months ended 9/24/2017
 
Nine months ended 9/25/2016
 
Derivatives
Not Designated
 
Nine months ended 9/24/2017
 
Nine months ended 9/25/2016
Interest rate swaps
 
$

 
$
(4,671
)
 
Interest Expense
 
$

 
$
(851
)
 
Net effect of swaps
 
$
3,378

 
$
(2,596
)
The following table summarizes the effect of derivative instruments on income and other comprehensive income for the three months ended September 24, 2017 and September 25, 2016:
(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 9/24/2017
 
Three months ended 9/25/2016
 
Designated Derivatives
 
Three months ended 9/24/2017
 
Three months ended 9/25/2016
 
Derivatives
Not Designated
 
Three months ended 9/24/2017
 
Three months ended 9/25/2016
Interest rate swaps
 
$

 
$

 
Interest Expense
 
$

 
$

 
Net effect of swaps
 
$
3,318

 
$
715