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Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 29, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Pre-Tax Changes in Fair Value

The following summarizes Q1 2015 and Q1 2014 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 Quarter  

In Thousands

   Classification of Gain    2015      2014  

Commodity hedges

   Cost of sales    $ 213       $ 781   

Commodity hedges

   Selling, delivery and administrative expenses      430         —     
     

 

 

    

 

 

 

Total

      $ 643       $ 781   
     

 

 

    

 

 

 

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    Mar. 29,
2015
     Dec. 28,
2014
     Mar. 30,
2014
 

Commodity hedges at fair market value

   Prepaid expenses and other current assets    $ 452       $ 0       $ 781   

Commodity hedges at fair market value

   Other assets    $ 191       $ 0       $ 0   
     

 

 

    

 

 

    

 

 

 

Total

      $ 643       $ 0       $ 781