Interest Rate Swaps (Tables)

12 Months Ended

Dec. 28, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Assets at Fair Value

The assets and liabilities measured at fair value related to the Company’s interest rate swaps, excluding accrued interest, were as follows (in thousands):

Derivatives Designated as Cash Flow Hedges	Balance Sheet Location	December 28, 2019		December 29, 2018
Interest rate swaps (short-term portion)	Other current assets	$	558	$	2,601
Interest rate swaps (long-term portion)	Other assets	91		3,222
Total derivative assets		$	649	$	5,823
Interest rate swaps (short-term portion)	Other accrued expenses	$	90	$	—
Interest rate swaps (long-term portion)	Other long-term liabilities	292		—
Total derivative liabilities		$	382	$	—

Derivative Instruments, Gain

The following table summarizes the changes in AOCI, net of tax, related to the Company’s interest rate swaps (in thousands):

	Fiscal Year
	2019		2018
Beginning fiscal year AOCI balance	$	3,814	$	3,358
Current fiscal year (loss)/gain recognized in OCI	(4,332)		456
Cumulative adjustment as a result of ASU 2017-12 adoption	717		—
Other comprehensive (loss)/gain, net of tax	(3,615)		456
Ending fiscal year AOCI balance	$	199	$	3,814

Derivative Instruments, Gain (Loss), pre-tax

The following table summarizes the impact of pre-tax gains and losses derived from the Company’s interest rate swaps (in thousands):

		Fiscal Year
	Financial Statement Location	2019		2018		2017
Amount of (losses)/gains recognized in OCI during the period	Other comprehensive (loss)/income	$	(5,556)	$	612	$	2,240

Derivative Instruments, Gain (Loss), tax impact

The following table summarizes the impact of taxes affecting AOCI as a result of the Company’s interest rate swaps (in thousands):

	Fiscal Year
	2019		2018
Income tax (benefit)/expense of interest rate swaps on AOCI	$	(1,224)	$	156