Pre-Production Costs Related to Long-Term Supply Arrangements

6 Months Ended

Jun. 28, 2015

Pre-Production Costs and Deferred Revenue Related to Long-Term Supply Arrangements [Abstract]

PreProductionCostsandDeferredRevenueRelatedtoLongTermSupplyArrangements [Text Block]

Pre-Production Costs Related to Long-Term Supply Arrangements

We incur preproduction engineering and tooling costs related to the products manufactured for our customers under long-term supply agreements. We amortize the cost of the customer-owned tooling over the expected life of the wheel program on a straight line basis. Also, we defer any reimbursements made to us by our customers and recognize the tooling reimbursement revenue over the same period in which the tooling is in use. Recognized deferred tooling revenues included in net sales in the condensed consolidated statements of operations totaled $1.5 million and $2.1 million for the thirteen weeks ended June 28, 2015 and June 29, 2014 respectively, and $3.2 million and $4.1 million for the twenty-six weeks ended June 28, 2015 and June 29, 2014, respectively. The following table summarizes the unamortized customer-owned tooling costs included in our non-current assets, and the deferred tooling revenues included in accrued expenses and other non-current liabilities.

(Dollars in Thousands)	June 28, 2015			December 28, 2014
Unamortized Preproduction Costs
Preproduction costs	$	69,683		$	65,621
Accumulated amortization	(56,284		)	(53,408		)
Net preproduction costs	$	13,399		$	12,213
Deferred Tooling Revenues
Accrued expenses	$	3,865		$	4,833
Other non-current liabilities	1,954			2,449
Total deferred tooling revenues	$	5,819		$	7,282