Interest Rate Swaps (Tables)

12 Months Ended

Dec. 29, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Assets at Fair Value

The assets measured at fair value related to the Company’s interest rate swaps, excluding accrued interest, were as follows (in thousands):



	Balance Sheet Location	December 29, 2018		December 30, 2017
Interest rate swaps (short-term portion)	Other current assets	$	2,601	$	900
Interest rate swaps (long-term portion)	Other assets	3,222		4,252
Total net assets		$	5,823	$	5,152

Derivative Instruments, Gain

The following table summarizes the impact of taxes affecting AOCI as a result of the Company’s interest rate swaps (in thousands):



	Fiscal Year
	2018		2017
Income tax expense of interest rate swaps on AOCI	$	156	$	869

The following table summarizes the impact of pre-tax gains and losses derived from the Company’s interest rate swaps (in thousands):



		Fiscal Year
	Financial Statement Location	2018		2017		2016
Effective portion of gains recognized in OCI during the period	Other comprehensive income	$	612	$	2,240	$	2,283
Ineffective portion of gains recognized in earnings during the period	Interest expense, net	59		95		534

The following table summarizes the changes in AOCI, net of tax, related to the Company’s interest rate swaps (in thousands):



	Fiscal Year
	2018		2017
Beginning fiscal year AOCI balance	$	3,358	$	1,392
Current fiscal year gain recognized in OCI	456		1,371
Reclassification of stranded tax effects to retained earnings ^(a)	—		595
Other comprehensive gain, net of tax	456		1,966
Ending fiscal year AOCI balance	$	3,814	$	3,358

^(a)AOCI for the fiscal year ended December 30, 2017 has been adjusted from previously reported amounts as a result of the adoption of ASU 2018-02 as discussed in Notes 1 and 15 to the Consolidated Financial Statements.