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Interest Rate Swap (Tables) | 3 Months Ended
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Apr. 01, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Assets (Liabilities) at Fair Value | The assets and liabilities measured at fair value related to the Company’s interest rate swap, excluding accrued interest, were as follows (in thousands):
| Balance Sheet Location |  | April 1, 2017 |  | December 31, 2016 |  | March 26, 2016
Interest rate swap (short-term portion) | Prepaid expenses and other current assets / (Other accrued expenses) |  | $ | 101 |  |  | $ | (398 | ) |  | $ | — |
Interest rate swap (long-term portion) | Other assets |  | 3,183 |  |  | 3,215 |  |  | — |
Total net assets |  |  | $ | 3,284 |  |  | $ | 2,817 |  |  | $ | — |
Derivative Instruments, Gain (Loss) | The following table summarizes the changes in AOCI, net of tax, related to the Company’s interest rate swap (in thousands):
|  | April 1, 2017 |  | December 31, 2016 |  | March 26, 2016
Beginning fiscal year AOCI balance |  | $ | 1,392 |  |  | $ | — |  |  | $ | — |
Current fiscal period gain recognized in OCI |  | 281 |  |  | 1,392 |  |  | — |
Amounts reclassified from AOCI into current fiscal period earnings |  | — |  |  | — |  |  | — |
Other comprehensive gain, net of tax |  | 281 |  |  | 1,392 |  |  | — |
Ending fiscal period AOCI balance |  | $ | 1,673 |  |  | $ | 1,392 |  |  | $ | — |
The following table summarizes the impact of taxes affecting AOCI as a result of the interest rate swap (in thousands):
|  | Fiscal three months ended
|  | April 1, 2017 |  | March 26, 2016
Income tax expense of interest rate swap on AOCI |  | $ | 180 |  |  | $ | — |
The following table summarizes the impact of pre-tax gains and losses derived from the interest rate swap (in thousands):
|  |  | Fiscal three months ended
| Financial Statement Location |  | April 1, 2017 |  | March 26, 2016
Effective portion of gains recognized in OCI during the period | Other comprehensive income |  | $ | 461 |  |  | $ | — |
Amounts reclassified from AOCI into earnings | Interest expense, net |  | — |  |  | — |
Ineffective portion of gains recognized in earnings during the period | Interest expense, net |  | 6 |  |  | — |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5618551-113959 + Details
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- Definition Tabular disclosure of derivative liabilities at fair value. + References No definition available. + Details
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