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

3 Months Ended

Mar. 29, 2015

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 March 29, 2015 and December 28, 2014 and the basis for that measurement:



(amounts in thousands)	Total Fair Value Measurement March 29, 2015		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	$	322	$	—	$	322	$	—
Total assets	$	322	$	—	$	322	$	—

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



(amounts in thousands)	Total Fair Value Measurement December 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	$	55	$	—	$	55	$	—
Total assets	$	55	$	—	$	55	$	—

Foreign currency forward exchange contracts	$	23	$	—	$	23	$	—
Total liabilities	$	23	$	—	$	23	$	—

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 March 29, 2015 and December 28, 2014 are summarized in the following table:



	March 29, 2015				December 28, 2014
(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⁾
2013 Senior secured credit facility	$	65,000	$	65,000	$	65,000	$	65,000


⁽¹⁾	The carrying amounts are reported on the Consolidated Balance Sheets 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 March 29, 2015 and December 28, 2014:



	March 29, 2015						December 28, 2014
	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	$	322	Other current liabilities	$	—	Other current assets	$	55	Other current liabilities	$	23
Total derivatives not designated as hedging instruments		322			—			55			23
Total derivatives		$	322		$	—		$	55		$	23

Effect Of Non-Designated Hedging Instruments On Financial Performance

The following table represents the amounts affecting the Consolidated Statements of Operations for the three months ended March 29, 2015 and March 30, 2014:



	Quarter
	(13 weeks) Ended
	March 29, 2015			March 30, 2014
(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
Derivatives not designated as hedging instruments:
Foreign exchange forwards and options	$	545	Other gain (loss), net	$	(30	)	Other gain (loss), net