Quarterly report pursuant to Section 13 or 15(d)

Derivative Financial Instruments (Tables)

v2.4.0.8
Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 28, 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:

 

     Nine months Ended     Three Months Ended  
(In thousands)    September 28,
2013
    September 29,
2012
    September 28,
2013
    September 29,
2012
 

Derivative balance at the beginning of the period in AOCI

   $ (142 )    $ (256 )    $ (104 )    $ (206 ) 
  

 

 

   

 

 

   

 

 

   

 

 

 

Net deferral in AOCI of derivatives:

        

Net (increase) decrease in fair value of derivatives

     11        (48 )      22        (10 ) 

Tax effect

     (4 )      17        (8 )      4   
  

 

 

   

 

 

   

 

 

   

 

 

 
     7        (31 )      14        (6 ) 
  

 

 

   

 

 

   

 

 

   

 

 

 

Net reclassification from AOCI into earnings:

        

Reclassification from AOCI into earnings – Interest Expense

     90        163        20        50   

Tax effect

     (32 )      (56 )      (7 )      (18 ) 
  

 

 

   

 

 

   

 

 

   

 

 

 
     58        107        13        32   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net change in derivatives for the period

     65        76        27        26   
  

 

 

   

 

 

   

 

 

   

 

 

 

Derivative balance at the end of the period in AOCI

   $ (77 )    $ (180 )    $ (77 )    $ (180 )