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Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 27, 2014
Derivative Financial Instruments  
Schedule of derivative financial instrument

The Company’s derivative financial instrument consisted of the following (in thousands):

 

 

 

 

Fair Value

 

 

 

Balance Sheet Location

 

September 27,
2014

 

December 28,
2013

 

Interest rate swap

 

Other assets, net

 

$

507 

 

$

513 

 

 

Schedule of before-tax effect of derivative instruments in cash flow hedging relationships

The before-tax effect of derivative instruments in cash flow hedging relationships was as follows (in thousands):

 

 

Gain (Loss) Recognized in
OCI on Derivatives
(Effective Portion)
during the:

 

Location of Loss
Reclassified into
Income

 

Loss Reclassified
from Accumulated
OCI into Income
(Effective Portion)
during the:

 

 

 

Three Months Ended

 

 

 

Three Months Ended

 

 

 

September 27,
 2014

 

September 28,
 2013

 

 

 

September 27,
 2014

 

September 28,
 2013

 

Interest rate swaps

 

$

193

 

$

(522

)

Interest expense

 

$

(142

)

$

(96

)

 

 

 

Nine Months Ended

 

 

 

Nine Months Ended

 

 

 

September 27,
 2014

 

September 28,
 2013

 

 

 

September 27,
 2014

 

September 28,
 2013

 

Interest rate swaps

 

$

(434

)

$

622

 

Interest expense

 

$

(428

)

$

(418

)