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Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 29, 2014

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Pre-Tax Changes in Fair Value

The following summarizes Q2 2014 and Q2 2013 pre-tax changes in the fair value of the Company’s commodity derivative financial instruments and the classification of such changes in the consolidated statements of operations.

				Second Quarter
In Thousands		Classification of Gain (Loss)		2014				2013
Commodity hedges		Cost of sales		$	91			$	(10	)
Total				$	91			$	(10	)

The following summarizes YTD 2014 and YTD 2013 pre-tax changes in the fair value of the Company’s commodity derivative financial instruments and the classification of such changes in the consolidated statements of operations.

				First Half
In Thousands		Classification of Gain (Loss)		2014				2013
Commodity hedges		Cost of sales		$	871			$	(500	)
Total				$	871			$	(500	)

Summary of Fair Values and Classification in Consolidated Balance Sheets of Derivative Instruments

The following table summarizes the fair values and classification in the consolidated balance sheets of derivative instruments held by the Company:

				June 29,				Dec. 29,				June 30,
In Thousands		Balance Sheet Classification		2014				2013				2013
Commodity hedges at fair market value		Prepaid expenses and other current assets		$	871			$	0			$	0
Unamortized cost of commodity hedging agreements		Prepaid expenses and other current assets		$	731				0				0
Total				$	1,602			$	0			$	0

Summary of Outstanding Commodity Derivative Agreements

The following table summarizes the Company’s outstanding commodity derivative agreements as of June 29, 2014:

		Notional				Latest
In Millions		Amount				Maturity
Commodity hedging agreements		$	20.9				Dec. 2014

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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.

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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