Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 28, 2013

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 Consolidated Financial Statements as follows:

	December 28, 2013
(In thousands)	Location		Fair value
Commodity contracts	Other current assets:	Gain positions	$	448
		Loss positions		(10	)

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

	December 28, 2013
(In thousands)	Location		Fair Value
Commodity contracts - Nonqualifying	Other current liabilities:	Gain positions	$	318
		Loss positions		(2,057	)
Commodity contracts - Qualifying	Other current liabilities:	Gain positions		22
		Loss positions		(50	)

	December 29, 2012
(In thousands)	Location		Fair Value
Commodity contracts - Qualifying	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:

	Loss Recognized in Accumulated OCI (Effective Portion), Net of Tax
		For the Year Ended
(In thousands)		December 28, 2013			December 29, 2012
Commodity contracts		$	(3,904	)	$	(214	)

	Loss Reclassified from Accumulated OCI into Income (Effective Portion), Net of Tax
		For the Year Ended
(In thousands)	Location	December 28, 2013		December 29, 2012
Commodity contracts	Cost of goods sold	$	3,781	$	469

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

	Gain Recognized in Accumulated OCI (Effective Portion), Net of Tax
		For the Year Ended
(In thousands)		December 28, 2013		December 29, 2012
Interest rate swap		$	834	$	—

Schedule of fair value hedges

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

	Gains (Losses) on Fair Value Hedges for the Year Ended December 28, 2013
(In thousands)	Location	Amount
Gain on the derivatives designated and qualifying as fair value hedges:
Commodity Contracts	Cost of goods sold	$	5,115
(Loss) on the hedged items designated and qualifying as fair value hedges:
Inventory	Cost of goods sold		(4,827	)

	(Losses) Gains on Fair Value Hedges for the Year Ended December 29, 2012
(In thousands)	Location	Amount
(Loss) on the derivatives in designated and qualifying fair value hedges:
Commodity Contracts	Cost of goods sold	$	(301	)
Gain on the hedged item in designated and qualifying fair value hedges:
Inventory	Cost of goods sold		182

Schedule of foreign currency hedges

The following tables summarize activities related to the Company’s derivative instruments classified as foreign currency hedges in accordance with ASC 815:

	Loss Recognized in Accumulated OCI (Effective Portion), Net of Tax
		For the Year Ended
(In thousands)		December 28, 2013			December 29, 2012
Foreign currency contracts		$	(484	)	$	—

	Loss Reclassified from Accumulated OCI into Income (Effective Portion), Net of Tax
		For the Year Ended
(In thousands)	Location	December 28, 2013		December 29, 2012
Commodity contracts	Cost of goods sold	$	34	$	—