Quarterly report pursuant to Section 13 or 15(d)

Derivative Financial Instruments (Tables)

v2.4.0.8
Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 29, 2013
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Summary of Activity in AOCI Related to Derivatives

Activity in AOCI related to these derivatives is summarized below:

 

     Six Months Ended     Three Months Ended  
(In thousands)    June 29,
2013
    June 30,
2012
    June 29,
2013
    June 30,
2012
 

Derivative balance at the beginning of the period in AOCI

   $ (142 )    $ (256 )    $ (127 )    $ (233 ) 
  

 

 

   

 

 

   

 

 

   

 

 

 

Net deferral in AOCI of derivatives:

        

Net (increase) decrease in fair value of derivatives

     (11 )      (37 )      3        (12 ) 

Tax effect

     4        13        (1 )      4   
  

 

 

   

 

 

   

 

 

   

 

 

 
     (7 )      (24 )      2        (8 ) 
  

 

 

   

 

 

   

 

 

   

 

 

 

Net reclassification from AOCI into earnings:

        

Reclassification from AOCI into earnings – Interest expense

     70        114        33        54   

Tax effect

     (25 )      (40 )      (12 )      (19 ) 
  

 

 

   

 

 

   

 

 

   

 

 

 
     45        74        21        35   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net change in derivatives for the period

     38        50        23        27   
  

 

 

   

 

 

   

 

 

   

 

 

 

Derivative balance at the end of the period in AOCI

   $ (104 )    $ (206 )    $ (104 )    $ (206 )