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Financial Instruments (Tables)
6 Months Ended
Jun. 24, 2016
Investments All Other Investments [Abstract]  
Schedule of Derivative Instruments at Gross Fair Value

The following tables show the Company’s derivative instruments at gross fair value (in thousands) as of June 24, 2016 and December 25, 2015.

 

 

 

 

 

June 24, 2016

 

 

 

 

 

Fair Value of

 

 

Fair Value of

 

 

 

 

 

 

 

Derivatives

 

 

Derivatives Not

 

 

 

 

 

 

 

Balance Sheet

 

Designated as

 

 

Designated as

 

 

Total

 

 

 

Location

 

Hedge Instruments

 

 

Hedge Instruments

 

 

Fair Value

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap

 

Deferred rent and other liabilities

 

$

96

 

 

$

10

 

 

$

106

 

 

 

 

 

 

December 25, 2015

 

 

 

 

 

Fair Value of

 

 

Fair Value of

 

 

 

 

 

 

 

 

 

Derivatives

 

 

Derivatives Not

 

 

 

 

 

 

 

Balance Sheet

 

Designated as

 

 

Designated as

 

 

Total

 

 

 

Location

 

Hedge Instruments

 

 

Hedge Instruments

 

 

Fair Value

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap

 

Deferred rent and other liabilities

 

$

23

 

 

$

10

 

 

$

33

 

 

Effect of Derivative Instruments in Cash Flow Hedging Relationships on Income and Other Comprehensive Income

The effect of derivative instruments in cash flow hedging relationships on income and other comprehensive income (OCI) is summarized below (in thousands):

 

 

 

Gains (Losses) Recognized in OCI on Derivatives Before Tax Effect (Effective Portion)

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 24,

2016

 

 

June 26,

2015

 

 

June 24,

2016

 

 

June 26,

2015

 

Derivatives in Cash Flow Hedging

   Relationship

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap

 

$

(64

)

 

$

 

 

$

(128

)

 

$

 

 

 

 

Gains Reclassified from AOCI into Income (Effective Portion)

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

Income Statement Location

 

June 24,

2016

 

 

June 26,

2015

 

 

June 24,

2016

 

 

June 26,

2015

 

Derivatives in Cash Flow

   Hedging Relationship

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap

 

Interest and other income (expense), net

 

$

24

 

 

$

 

 

$

50

 

 

$