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Debt and Credit Arrangements (Tables)
12 Months Ended
Dec. 28, 2014
Debt and Credit Arrangements  
Schedule of interest rate swap agreements

 

Effective Dates

 

Floating
Rate Debt

 

Fixed
Rates

 

 

 

 

 

 

 

July 30, 2013 through April 30, 2018

 

$

75 million

 

1.42 

%

December 30, 2014 through April 30, 2018

 

$

50 million

 

1.36 

%

 

Schedule of Location and Amounts of Swaps in the Accompanying Consolidated Financial Statements

The following table provides information on the location and amounts of our swaps in the accompanying consolidated financial statements (in thousands):

 

 

 

Liability Derivatives

 

 

 

Balance Sheet Location

 

Fair Value
Dec. 28,
2014

 

Fair Value
Dec. 29,
2013

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

Other current and long-term liabilities

 

$

376 

 

$

76 

 

 

Schedule of effect of derivative instruments on the accompanying consolidated financial statements

The effect of derivative instruments on the accompanying consolidated financial statements is as follows (in thousands):

 

Derivatives -
Cash Flow
Hedging
Relationships

 

Amount of Gain
or (Loss)
Recognized in
Accumulated
OCI on
Derivative
(Effective
Portion)

 

Location of Gain
or (Loss)
Reclassified
from
Accumulated
OCI into Income
(Effective
Portion)

 

Amount of Gain
or (Loss)
Reclassified
from
Accumulated
OCI into Income
(Effective
Portion)

 

Location of Gain
or (Loss)
Recognized in
Income on
Derivative
(Ineffective
Portion and
Amount
Excluded from
Effectiveness
Testing)

 

Amount of Gain
or (Loss)
Recognized in
Income on
Derivative
(Ineffective
Portion and
Amount
Excluded from
Effectiveness
Testing)

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

$

(164

)

Interest expense

 

$

(996

)

Interest expense

 

$

 

2013

 

$

(32

)

Interest expense

 

$

(501

)

Interest expense

 

$

 

2012

 

$

(72

)

Interest expense

 

$

(150

)

Interest expense

 

$