Fair Value Measurement (Tables)

9 Months Ended

Sep. 28, 2014

Non-Financial Assets Measured and Recorded at Fair Value on a Non-Recurring

The table below summarizes the non-financial assets that were measured and recorded at fair value on a non-recurring basis as of September 28, 2014 and the loss recorded during the nine months ended September 28, 2014 on those assets:


*($ in thousands)*	Carrying Value at September 28, 2014		Quoted Prices in Active Markets for Identical (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Loss for Nine Months Ended September 28, 2014
Long-lived assets		—		—		—		—		79

Summary of Financial Liability Measured at Fair Value on a Recurring Basis

The table below summarizes the financial liability that was measured at fair value on a recurring basis as of September 28, 2014 and the loss recorded during the nine months ended September 28, 2014:


*($ in thousands)*	Carrying Value at September 28, 2014		Quoted Prices in Active Markets for Identical (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Loss for Nine Months Ended September 28, 2014
Interest rate swap – cash flow hedge	$	923	$	—	$	923	$	—	$	363

The table below summarizes the financial liability that was measured at fair value on a recurring basis as of December 31, 2013 and the loss recorded during the year ended December 31, 2013:


*($ in thousands)*	Carrying Value at December 31, 2013		Quoted Prices in Active Markets for Identical (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Loss for Year Ended December 31, 2013
Interest rate swap – cash flow hedge	$	998	$	—	$	998	$	—	$	322

Reconciliation of Recurring Financial Liability Related to Interest Rate Swaps

The table below provides a reconciliation of the recurring financial liability related to interest rate swaps:


($ in thousands)	Interest Rate Swaps
Balance at January 1, 2013	$	(1,609	)
Total gains/(losses) for the period:
Included in earnings		322
Included in other comprehensive income		289

Balance at January 1, 2014	$	(998	)
Total gains/(losses) for the period:
Included in earnings		363
Included in other comprehensive income		(288	)

Balance at September 28, 2014	$	(923	)

- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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