Derivatives (Tables)

6 Months Ended

Jul. 02, 2011

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table]

The following table presents the fair value of the Company’s derivative instruments under FASB authoritative guidance as of July 2, 2011 and January 1, 2011 (in thousands):

Derivatives Designated	Balance Sheet	Asset Derivatives Fair Value
as Hedges	Location	July 2, 2011		January 1, 2011
Natural gas swaps	Other current assets	$	10	$	135
Total asset derivatives designated as hedges		$	10	$	135
Derivatives not Designated as Hedges
Natural gas swaps and options	Other current assets	$	27	$	212
Heating oil swaps	Other current assets	51		81
Total asset derivatives not designated as hedges		$	78	$	293
Total asset derivatives		$	88	$	428

Derivatives Designated	Balance Sheet	Liability Derivatives Fair Value
as Hedges	Location	July 2, 2011		January 1, 2011
Natural gas swaps	Accrued expenses	$	77	$	16
Total liability derivatives designated as hedges		$	77	$	16
Derivatives not Designated as Hedges
Natural gas swaps	Accrued expenses	$	13	$	—
Heating oil swaps	Accrued expenses	113		—
Total liability derivatives not designated as hedges		$	126	$	—
Total liability derivatives		$	203	$	16

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table]

The effect of the Company’s derivative instruments on the consolidated financial statements as of and for the three months ended July 2, 2011 and July 3, 2010 is as follows (in thousands):

Derivatives Designated as Cash Flow Hedges	Gain or (Loss) Recognized in OCI on Derivatives (Effective Portion) (a)					Gain or (Loss) Reclassified From Accumulated OCI into Income (Effective Portion) (b)						Gain or (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing) (c)
	2011		2010			2011			2010			2011			2010
Interest rate swaps	$	—	$	(196	)	$	(303	)	$	(407	)	$	—		$	24
Natural gas swaps	18		150			105			27			(9		)	92
Total	$	18	$	(46	)	$	(198	)	$	(380	)	$	(9	)	$	116

(a) Amount recognized in accumulated OCI (effective portion) is reported as accumulated other comprehensive gain/(loss) of less than $0.1 million recorded net of taxes of less than $0.1 million as of July 2, 2011 and July 3, 2010, respectively.

(b) Gains and (losses) reclassified from accumulated OCI into income (effective portion) for interest rate swaps and natural gas swaps is included in interest expense and cost of sales, respectively, in the Company’s consolidated statements of operations.

(c) Gains and (losses) recognized in income on derivatives (ineffective portion) for interest rate swaps and natural gas swaps is included in other, net in the Company’s consolidated statements of operations.

The effect of the Company’s derivative instruments on the consolidated financial statements as of and for the six months ended July 2, 2011 and July 3, 2010 is as follows (in thousands):

Derivatives Designated as Cash Flow Hedges	Gain or (Loss) Recognized in OCI on Derivatives (Effective Portion) (a)					Gain or (Loss) Reclassified From Accumulated OCI into Income (Effective Portion) (b)						Gain or (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing) (c)
	2011		2010			2011			2010			2011			2010
Interest rate swaps	$	—	$	(516	)	$	(622	)	$	(827	)	$	—		$	26
Natural gas swaps	231		67			(45		)	248			(1		)	87
Total	$	231	$	(449	)	$	(667	)	$	(579	)	$	(1	)	$	113

(a) Amount recognized in accumulated OCI (effective portion) is reported as accumulated other comprehensive gain/(loss) of approximately $0.2 million and approximately $0.4 million recorded net of taxes of approximately $0.1 million and $0.2 million as of July 2, 2011 and July 3, 2010, respectively.

(b) Gains and (losses) reclassified from accumulated OCI into income (effective portion) for interest rate swaps and natural gas swaps is included in interest expense and cost of sales, respectively, in the Company’s consolidated statements of operations.

(c) Gains and (losses) recognized in income on derivatives (ineffective portion) for interest rate swaps and natural gas swaps is included in other, net in the Company’s consolidated statements of operations.