Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 28, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Pre-Tax Changes in Fair Value

The following summarizes Q3 2014 and Q3 2013 pre-tax changes in the fair value of the Company’s commodity derivative financial instruments and the classification of such changes in the consolidated statements of operations.

		Third Quarter
In Thousands	Classification of Gain (Loss)	2014			2013
Commodity hedges	Cost of sales	$	(319	)	$	0
Total		$	(319	)	$	0

The following summarizes YTD 2014 and YTD 2013 pre-tax changes in the fair value of the Company’s commodity derivative financial instruments and the classification of such changes in the consolidated statements of operations.

		First Nine Months
In Thousands	Classification of Gain (Loss)	2014		2013
Commodity hedges	Cost of sales	$	552	$	(500	)
Total		$	552	$	(500	)

Summary of Fair Values and Classification in Consolidated Balance Sheets of Derivative Instruments

The following table summarizes the fair values and classification in the consolidated balance sheets of derivative instruments held by the Company:

In Thousands	Balance Sheet Classification		Sept. 28, 2014		Dec. 29, 2013		Sept. 29, 2013
Commodity hedges at fair market value		Prepaid expenses and other current assets	$	552	$	0	$	0
Total			$	552	$	0	$	0

Summary of Outstanding Commodity Derivative Agreements

The following table summarizes the Company’s outstanding commodity derivative agreements as of September 28, 2014:

	Notional		Latest
In Millions	Amount		Maturity
Commodity hedging agreements	$	10.2		Dec. 2014