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Interest Rate Swaps (Tables)
 9 Months Ended
Sep. 30, 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 swaps, excluding accrued interest, were as follows (in thousands):
 
Balance Sheet Location
 
September 30,
2017
 
December 31,
2016
 
September 24,
2016
Interest rate swaps (short-term portion)
Other current assets / (Other accrued expenses)
 
$
194

 
$
(398
)
 
$
(887
)
Interest rate swaps (long-term portion)
Other assets / (Other long-term liabilities)
 
2,940

 
3,215

 
(935
)
Total net assets (liabilities)
 
 
$
3,134

 
$
2,817

 
$
(1,822
)
Derivative Instruments, Gain (Loss)
The following table summarizes the impact of taxes affecting AOCI/AOCL as a result of the Company’s interest rate swaps (in thousands):
 
 
Fiscal three months ended
 
Fiscal nine months ended
 
 
September 30,
2017
 
September 24,
2016
 
September 30,
2017
 
September 24,
2016
Income tax (benefit) expense of interest rate swaps on AOCI (AOCL)
 
$
23

 
$
161

 
$
105

 
$
(711
)
The following table summarizes the impact of pre-tax gains and losses derived from the Company’s interest rate swaps (in thousands):
 
 
 
Fiscal three months ended
 
Fiscal nine months ended
 
Financial Statement Location
 
September 30,
2017
 
September 24,
2016
 
September 30,
2017
 
September 24,
2016
Effective portion of gains (losses) recognized in OCI (OCL) during the period
Other comprehensive income (loss)
 
$
59

 
$
412

 
$
270

 
$
(1,822
)
Amounts reclassified from AOCI (AOCL) into earnings
Interest expense, net
 
—

 
—

 
—

 
—

Ineffective portion of gains recognized in earnings during the period
Interest expense, net
 
25

 
306

 
46

 
—

The following table summarizes the changes in AOCI/AOCL, net of tax, related to the Company’s interest rate swaps (in thousands):
 
 
September 30,
2017
 
December 31,
2016
 
September 24,
2016
Beginning fiscal year AOCI balance
 
$
1,392

 
$
—

 
$
—

 
 
 
 
 
 
 
Current fiscal period gain (loss) recognized in OCI (OCL)
 
165

 
1,392

 
(1,111
)
Amounts reclassified from AOCI (AOCL) into current fiscal period earnings
 
—

 
—

 
—

Other comprehensive gain (loss), net of tax
 
165

 
1,392

 
(1,111
)
Ending fiscal period AOCI (AOCL) balance
 
$
1,557

 
$
1,392

 
$
(1,111
)