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Interest Rate Swaps (Tables) | 3 Months Ended
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Mar. 30, 2019
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):
Derivatives Designated as Cash Flow Hedges |  | Balance Sheet Location |  | March 30, 2019 |  | December 29, 2018 |  | March 31, 2018
Interest rate swaps (short-term portion) |  | Other current assets |  | $ | 2,200 |  |  | $ | 2,601 |  |  | $ | 1,950 |
Interest rate swaps (long-term portion) |  | Other assets |  | 1,676 |  |  | 3,222 |  |  | 5,698 |
Total derivative assets |  |  |  | $ | 3,876 |  |  | $ | 5,823 |  |  | $ | 7,648 |
Derivative Instruments, Gain (Loss) | The following table summarizes the changes in AOCI, net of tax, related to the Company’s interest rate swaps (in thousands):
|  | March 30, 2019 |  | December 29, 2018 |  | March 31, 2018
Beginning fiscal year AOCI balance |  | $ | 3,814 |  |  | $ | 3,358 |  |  | $ | 3,358 |
Current fiscal period (loss)/gain recognized in OCI |  | (1,464 | ) |  | 456 |  |  | 1,832 |
Cumulative adjustment as a result of ASU 2017-12 adoption |  | 717 |  |  | — |  |  | — |
Other comprehensive (loss)/gain, net of tax |  | (747 | ) |  | 456 |  |  | 1,832 |
Ending fiscal period AOCI balance |  | $ | 3,067 |  |  | $ | 3,814 |  |  | $ | 5,190 |
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
| Financial Statement Location |  | March 30, 2019 |  | March 31, 2018
Amount of (losses)/gains recognized in OCI during the period | Other comprehensive income |  | $ | (1,947 | ) |  | $ | 2,468 |
The following table summarizes the impact of taxes affecting AOCI as a result of the Company’s interest rate swaps (in thousands):
|  | Fiscal three months ended
|  | March 30, 2019 |  | March 31, 2018
Income tax (benefit)/expense of interest rate swaps on AOCI |  | $ | (483 | ) |  | $ | 636 |

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of derivative liabilities at fair value. + References No definition available. + Details
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