Derivative Financial Instruments (Tables)

9 Months Ended

Jan. 01, 2012

Derivative Financial Instruments

Outstanding commodity forward contracts

As of January 1, 2012, ATK had the following outstanding commodity forward contracts in place:

	Quantity Hedged (in pounds)
Copper	25,750,000
Zinc	8,595,000

Fair value and location of derivative instruments designated as hedging instruments in the condensed consolidated balance sheet

		Asset Derivatives				Liability Derivatives
		Fair value as of				Fair value as of
	Location	January 1, 2012		March 31, 2011		January 1, 2012		March 31, 2011
Commodity forward contracts	Other current assets / other accrued liabilities	$	7,967	$	36,398	12,686		$	—
Commodity forward contracts	Deferred charges and other non-current assets / other long-term liabilities	1,824		12,619		248		—
Foreign currency forward contracts	Other current assets / other accrued liabilities	—		390		—		—
Total		$	9,791	$	49,407	$	12,934	$	—

Derivative gains and losses in the consolidated income statements related to commodity forward contracts and foreign currency forward contracts

	Pretax amount of gain (loss) recognized in Other Comprehensive Income (Loss)			Pretax amount of gain (loss) reclassified from Accumulated Other Comprehensive Income (Loss)			Gain or (loss) recognized in income on derivative (ineffective portion and amount excluded from effectiveness testing)
	Amount			Location	Amount		Location	Amount
Quarter ended January 1, 2012
Commodity forward contracts	$	(3,143	)	Cost of Sales	$	2,908	Cost of Sales	$	—
Quarter ended January 2, 2011
Commodity forward contracts	$	64,585		Cost of Sales	$	12,747	Cost of Sales	$	—
Foreign currency forward contract	75			Cost of Sales	—		Cost of Sales	—
Nine Months ended January 1, 2012
Commodity forward contracts	$	(3,143	)	Cost of Sales	$	22,138	Cost of Sales	$	—
Nine Months ended January 2, 2011
Commodity forward contracts	$	64,585		Cost of Sales	$	29,552	Cost of Sales	$	—
Foreign currency forward contract	75			Cost of Sales	—		Cost of Sales	—