Financial Instruments (Tables)

9 Months Ended

Sep. 27, 2014

Notes To Financial Statements [Abstract]

Foreign Exchange Transaction

The fair value of the forward contracts was a loss of $0.1 million at the end of the third quarter of 2014.

Sell		Purchase		Maturity
10,000,000	British Pounds	12,763,242	Euro Dollars	January 2, 2015
5,000,000	British Pounds	6,375,843	Euro Dollars	January 2, 2015
7,600,000	British Pounds	9,708,738	Euro Dollars	January 2, 2015
5,500,000	Euro Dollars	7,013,050	US Dollars	January 2, 2015
10,000,000	Euro Dollars	12,747,000	US Dollars	January 2, 2015

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following tables summarize the company’s fair value of interest rate swaps (in thousands):

	Condensed Consolidated Balance Sheet Presentation	Sept 27, 2014			Dec 28, 2013
Fair value	Other non-current liabilities	$	(578	)	$	(1,471	)

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The impact on earnings from interest rate swaps was as follows (in thousands):

		Three Months Ended						Nine Months Ended
	Presentation of Gain/(loss)	Sept 27, 2014			Sept 28, 2013			Sept 27, 2014			Sept 28, 2013
Gain/(loss) recognized in accumulated other comprehensive income	Other comprehensive income	$	343		$	(1,131	)	$	(768	)	$	(523	)
Gain/(loss) reclassified from accumulated other comprehensive income (effective portion)	Interest expense	$	(538	)	$	(528	)	$	(1,653	)	$	(1,440	)
Gain/(loss) recognized in income (ineffective portion)	Other expense	$	25		$	(7	)	$	8		$	27