Quarterly report pursuant to Section 13 or 15(d)

Derivative Financial Instruments (Tables)

v2.4.0.8
Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 29, 2014
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:

 

    Three Months Ended  
(In thousands)   March 29,
2014
    March 30,
2013
 

Derivative balance at the beginning of the period in AOCI

  $ (69   $ (142

Net deferral in AOCI of derivatives:

   

Net increase in fair value of derivatives

    14        (14

Tax effect

    (4     5   
 

 

 

   

 

 

 
    10        (9
 

 

 

   

 

 

 

Net reclassification from AOCI into earnings:

   

Reclassification from AOCI into earnings – interest expense

    15        37   

Tax effect

    (5     (13
 

 

 

   

 

 

 
    10        24   
 

 

 

   

 

 

 

Net change in derivatives for the period

    20        15   
 

 

 

   

 

 

 

Derivative balance at the end of the period in AOCI

  $ (49   $ (127