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Derivative Instruments and Hedging Activities (Tables)
6 Months Ended
Jun. 30, 2012
Derivative Instruments and Hedging Activities [Abstract]  
Derivative instruments designated as cash flow hedges reflected in the financial statements
Derivative instruments designated as cash flow hedges under ASC 815 are reflected in the Condensed Consolidated Financial Statements as follows:

 
June 30, 2012
 
(In thousands)
Location
 
Fair value
 
 
 
 
 
 
Commodity contracts
Other current assets:
Gain positions
 
$
87
 
 
Loss positions
 
(25
)
Other current liabilities:
Gain positions
 
213
 
 
Loss positions
 
(491
)
 
 
December 31, 2011
(In thousands)
Location
 
Fair value
 
 
 
 
Commodity contracts
Other current assets:
Gain positions
 
$
85
 
Loss positions
 
(25
)
Other current liabilities:
Gain positions
 
339
 
Loss positions
 
(1,078
)

Summary of activities related to derivative instruments classified as cash flow hedges
The following tables summarize activities related to the Company's derivative instruments, classified as cash flow hedges in accordance with ASC 815:

Gain (Loss) Recognized in Accumulated OCI (Effective Portion),
Net of Tax
For the Quarter Ended
For the Six Months Ended
(In thousands)
 
June 30, 2012
 
 
July 2, 2011
 
 
June 30, 2012
 
 
July 2, 2011
 
 
 
 
 
 
 
 
 
 
 
 
 
Commodity contracts
$
(1,394
)
$
961
$
(107
)
$
793
 
(Gain) Loss Reclassified from Accumulated OCI into Income
(Effective Portion), Net of Tax
For the Quarter Ended
For the Six Months Ended
(In thousands)
 
June 30, 2012
 
 
July 2, 2011
 
 
June 30, 2012
 
 
July 2, 2011
 
 
Commodity contracts:
Cost of goods sold
$
804
$
(417
)
$
430
$
(1,026
)