Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 28, 2013

Derivative Instruments and Hedging Activities [Abstract]

Derivative instruments designated as cash flow hedges and fair value 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:

	September 28, 2013
(In thousands)	Location		Fair Value
Commodity contracts	Other current liabilities:	Gain positions	$	222
		Loss positions		(362	)

	December 29, 2012
(In thousands)	Location		Fair Value
Commodity contracts	Other current liabilities:	Gain positions	$	172
		Loss positions		(420	)

Derivative instruments designated as fair value hedges under ASC 815 are reflected in the Condensed Consolidated Financial Statements as follows:

	September 28, 2013
(In thousands)	Location		Fair Value
Commodity contracts	Other current liabilities:	Gain positions	$	203
		Loss positions		(1,355	)

	December 29, 2012
(In thousands)	Location		Fair Value
Commodity contracts	Other current assets:	Gain positions	$	1,047
		Loss positions		(548	)

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 Nine Months Ended
(In thousands)	September 28, 2013		September 29, 2012		September 28, 2013			September 29, 2012
Commodity contracts	$	474	$	562	$	(3,056	)	$	455

	Loss (Gain) Reclassified from Accumulated OCI into Income (Effective Portion), Net of Tax
	For the Quarter Ended					For the Nine Months Ended
(In thousands)	September 28, 2013		September 29, 2012			September 28, 2013		September 29, 2012
Commodity contracts:
Cost of goods sold	$	788	$	(2	)	$	3,309	$	428

The following tables summarize the activity related to the interest rate swap:

	Gain (Loss) Recognized in Accumulated OCI (Effective Portion), Net of Tax
	For the Quarter Ended					For the Nine Months Ended
(In thousands)	September 28, 2013			September 29, 2012		September 28, 2013		September 29, 2012
Interest rate swap	$	(747	)	$	—	$	649	$	—

Schedule of fair value hedges

The following tables summarize the gains (losses) on the Company’s fair value hedges:

	(Losses) Gains on Fair Value Hedges for the Three Months Ended September 28, 2013
(In thousands)	Location	Amount
(Loss) on the derivatives in designated and qualifying fair value hedges:
Commodity Contracts	Cost of goods sold	$	(846	)
Gain on the hedged item in designated and qualifying fair value hedges:
Inventory	Cost of goods sold	$	1,042

	(Losses) Gains on Fair Value Hedges for the Three Months Ended September 29, 2012
(In thousands)	Location	Amount
(Loss) on the derivatives in designated and qualifying fair value hedges:
Commodity Contracts	Cost of goods sold	$	(2,261	)
Gain on the hedged item in designated and qualifying fair value hedges:
Inventory	Cost of goods sold	$	2,344

	Gains (Losses) on Fair Value Hedges for the Nine Months Ended September 28, 2013
(In thousands)	Location	Amount
Gain on the derivatives in designated and qualifying fair value hedges:
Commodity Contracts	Cost of goods sold	$	4,344
(Loss) on the hedged item in designated and qualifying fair value hedges:
Inventory	Cost of goods sold	$	(3,770	)

	(Losses) Gains on Fair Value Hedges for the Nine Months Ended September 29, 2012
(In thousands)	Location	Amount
(Loss) on the derivatives in designated and qualifying fair value hedges:
Commodity Contracts	Cost of goods sold	$	(2,261	)
Gain on the hedged item in designated and qualifying fair value hedges:
Inventory	Cost of goods sold	$	2,344