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Derivatives (Tables)
12 Months Ended
Dec. 29, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Instruments
The following table summarizes the fair value of the Company's derivative instruments in the accompanying consolidated balance sheet:
 
 
 
 
December 29, 2018
 
December 30, 2017
(In thousands)
 
Balance Sheet
Location
 
Asset
(Liability) (a)
 
Notional
Amount (b)
 
Asset
(Liability) (a)
 
Notional
Amount
Derivatives Designated as Hedging Instruments:
 
 
 
 
 
 
 
 
 
 
Derivatives in an Asset Position:
 
 
 
 
 
 
 
 
 
 
2015 Swap Agreement
 
Other Long-Term
Assets
 
$
148

 
$
10,000

 
$
126

 
$
10,000

Forward currency-exchange contract
 
Other Long Term
Assets
 
$
11

 
$
842

 
$

 
$

Derivatives in a Liability Position:
 
 
 
 

 
 

 
 

 
 

Forward currency-exchange contract
 
Other Current
Liabilities
 
$
(50
)
 
$
2,946

 
$

 
$

2018 Swap Agreement
 
Other Long-Term
Liabilities
 
$
(352
)
 
$
15,000

 
$

 
$

Derivatives Not Designated as Hedging Instruments:
 
 
 
 

 
 

 
 

 
 

Derivatives in an Asset Position:
 
 
 
 

 
 

 
 

 
 

Forward currency-exchange contracts
 
Other Current
Assets
 
$
9

 
$
1,192

 
$
17

 
$
1,244

Derivatives in a Liability Position:
 
 
 
 

 
 

 
 

 
 

Forward currency-exchange contracts
 
Other Current
Liabilities
 
$
(31
)
 
$
1,384

 
$
(16
)
 
$
2,049


(a)
See Note 10 for the fair value measurements relating to these financial instruments.
(b)
The total 2018 notional amounts are indicative of the level of the Company's recurring derivative activity.
Activity in Accumulated Other Comprehensive Items (OCI)
The following table summarizes the activity in AOCI associated with the Company's derivative instruments designated as cash flow hedges as of and for the year ended December 29, 2018:
(In thousands)
 
Interest Rate Swap
Agreements
 
Forward Currency-
Exchange Contracts
 
Total
Unrealized Gain, Net of Tax, at December 30, 2017
 
$
79

 
$

 
$
79

     Loss (gain) reclassified to earnings (a)
 
8

 
(16
)
 
(8
)
     Loss recognized in AOCI
 
(257
)
 
(11
)
 
(268
)
Unrealized Loss, Net of Tax, at December 29, 2018
 
$
(170
)
 
$
(27
)
 
$
(197
)

(a)
See Note 13 for the income statement classification.