Interest Rate Swap (Tables)

9 Months Ended

Sep. 24, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Liabilities at Fair Value [Table Text Block]

The liabilities measured at fair value related to the Company’s interest rate swap, excluding accrued interest, were as follows (in thousands):

	Balance Sheet Location	September 24, 2016		December 26, 2015		September 26, 2015
Interest rate swap (short-term portion)	Other accrued expenses	$	887	$	—	$	—
Interest rate swap (long-term portion)	Other long-term liabilities	935		—		—
Total liabilities		$	1,822	$	—	$	—

Derivative Instruments, Gain (Loss) [Table Text Block]

The following table summarizes the impact of taxes affecting AOCL as a result of the interest rate swap (in thousands):

	Fiscal three months ended				Fiscal nine months ended
	September 24, 2016		September 26, 2015		September 24, 2016			September 26, 2015
Income tax expense (benefit) of interest rate swap on AOCL	$	161	$	—	$	(711	)	$	—

The following table summarizes the impact of pre-tax gains and losses derived from the interest rate swap (in thousands):

		Fiscal three months ended				Fiscal nine months ended
	Financial Statement Location	September 24, 2016		September 26, 2015		September 24, 2016			September 26, 2015
Effective portion of gains and (losses) recognized in OCI during the period	Other comprehensive income (loss)	$	412	$	—	$	(1,822	)	$	—
Amounts reclassified from AOCL into earnings	Interest expense, net	—		—		—			—
Ineffective portion of gains and (losses) recognized in earnings during the period	Interest expense, net	306		—		—			—

The following table summarizes the changes in AOCL, net of tax, related to the Company’s interest rate swaps (in thousands):

	September 24, 2016			December 26, 2015		September 26, 2015
Beginning fiscal year AOCL balance	$	—		$	—	$	—
Current fiscal period gain recognized in OCI	(1,111		)	—		—
Amounts reclassified from AOCL into current fiscal period earnings	—			—		—
Other comprehensive gain, net of tax	(1,111		)	—		—
Ending fiscal period AOCL balance	$	(1,111	)	$	—	$	—