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Derivative Financial Instruments (Tables)
12 Months Ended
Jan. 03, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Summary of Pre-Tax Changes in Fair Value

The following summarizes 2015, 2014 and 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.

 

 

 

 

 

Fiscal Year

 

In Thousands

 

Classification of Gain (Loss)

 

2015

 

 

2014

 

 

2013

 

Commodity hedges

 

Cost of sales

 

$

(2,354

)

 

$

0

 

 

$

(500

)

Commodity hedges

 

Selling, delivery and administrative expenses

 

 

(1,085

)

 

 

0

 

 

 

0

 

Total

 

 

 

$

(3,439

)

 

$

0

 

 

$

(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.

 

 

 

 

 

 

Jan. 3,

 

 

Dec. 28,

 

In Thousands

 

Balance Sheet Classification

 

2016

 

 

2014

 

Assets

 

 

 

 

 

 

 

 

 

 

Commodity hedges  at fair market value

 

Other assets

 

$

3

 

 

$

0

 

Total assets

 

 

 

$

3

 

 

$

0

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

Commodity hedges  at fair market value

 

Other accrued liabilities

 

$

3,442

 

 

$

0

 

Total liabilities

 

 

 

$

3,442

 

 

$

0