Fair Value Measurement, Financial Instruments And Risk Management (Tables)

9 Months Ended

Sep. 28, 2014

Assets And Liabilities Measured At Fair Value On A Recurring Basis

The following tables represent our assets and liabilities measured at fair value on a recurring basis as of September 28, 2014 and December 29, 2013 and the basis for that measurement:



(amounts in thousands)	Total Fair Value Measurement September 28, 2014		Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Foreign currency forward exchange contracts	$	374	$	—	$	374	$	—
Total assets	$	374	$	—	$	374	$	—

Foreign currency forward exchange contracts	$	298	$	—	$	298	$	—
Total liabilities	$	298	$	—	$	298	$	—



(amounts in thousands)	Total Fair Value Measurement December 29, 2013		Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Foreign currency forward exchange contracts	$	—	$	—	$	—	$	—
Total assets	$	—	$	—	$	—	$	—

Foreign currency forward exchange contracts	$	18	$	—	$	18	$	—
Total liabilities	$	18	$	—	$	18	$	—

Carrying And Fair Values Of Non-Current Financial Assets And Liabilities Not Measured At Fair Value On A Recurring Basis

We believe that the fair values of our current assets and current liabilities (cash, accounts receivable, accounts payable, and other current liabilities) approximate their reported carrying amounts. The carrying values and the estimated fair values of non-current financial assets and liabilities that qualify as financial instruments and are not measured at fair value on a recurring basis at September 28, 2014 and December 29, 2013 are summarized in the following table:



	September 28, 2014				December 29, 2013
(amounts in thousands)	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Long-term debt (including current maturities and excluding capital leases and factoring)⁽¹⁾
Senior secured credit facility	$	85,000	$	85,000	$	90,000	$	90,000


⁽¹⁾	The carrying amounts are reported on the consolidated balance sheet under the indicated captions.

Fair Values Of Derivative Instruments Included Within The Consolidated Balance Sheets

The following table presents the fair values of derivative instruments included within the Consolidated Balance Sheets as of September 28, 2014 and December 29, 2013:



	September 28, 2014						December 29, 2013
	Asset Derivatives			Liability Derivatives			Asset Derivatives			Liability Derivatives
(amounts in thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives not designated as hedging instruments
Foreign currency forward exchange contracts	Other current assets	$	374	Other current liabilities	$	298	Other current assets	$	—	Other current liabilities	$	18
Total derivatives not designated as hedging instruments		374			298			—			18
Total derivatives		$	374		$	298		$	—		$	18

Amounts Affecting The Consolidated Statement Of Operations

The following tables represent the amounts affecting the Consolidated Statement of Operations for the three and nine months ended September 28, 2014 and September 29, 2013:



	Quarter							Quarter
	(13 weeks) Ended							(13 weeks) Ended
	September 28, 2014							September 29, 2013
(amounts in thousands)	Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives		Location of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income	Amount of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income		Amount of Forward Points Recognized in Other Gain (Loss), net		Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives		Location of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income	Amount of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income			Amount of Forward Points Recognized in Other Gain (Loss), net
Derivatives designated as cash flow hedges:
Foreign currency revenue forecast contracts	$	—	Cost of sales	$	—	$	—	$	—	Cost of sales	$	(9	)	$	—



	Nine months							Nine months
	(39 weeks) Ended							(39 weeks) Ended
	September 28, 2014							September 29, 2013
(amounts in thousands)	Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives		Location of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income	Amount of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income		Amount of Forward Points Recognized in Other Gain (Loss), net		Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives		Location of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income	Amount of Gain (Loss) Reclassified From Accumulated Other Comprehensive Income into Income			Amount of Forward Points Recognized in Other Gain (Loss), net
Derivatives designated as cash flow hedges:
Foreign currency revenue forecast contracts	$	—	Cost of sales	$	—	$	—	$	—	Cost of sales	$	(161	)	$	11

Effect Of Non-Designated Hedging Instruments On Financial Performance

Quarter

Nine months

(13 weeks) Ended

(39 weeks) Ended

September 28, 2014

September 29, 2013

September 28, 2014

September 29, 2013

(amounts in thousands)

Amount of

Gain (Loss)

Recognized in

Income on

Derivatives

Location of

Gain (Loss)

Recognized in

Income on

Derivatives

Amount of

Gain (Loss)

Recognized in

Income on

Derivatives

Location of

Gain (Loss)

Recognized in

Income on

Derivatives

Amount of
Gain (Loss)
Recognized in
Income on
Derivatives

Location of
Gain (Loss)
Recognized in
Income on
Derivatives

Amount of
Gain (Loss)
Recognized in
Income on
Derivatives

Location of
Gain (Loss)
Recognized in
Income on
Derivatives

Derivatives not designated as hedging instruments:

Foreign exchange forwards and options

380

Other gain

(loss), net

(491

)

Other gain

(loss), net

315

Other gain
(loss), net

(224

)

Other gain
(loss), net