Annual report pursuant to Section 13 and 15(d)

Derivatives and Risk Management (Tables)

v3.20.4
Derivatives and Risk Management (Tables)
 12 Months Ended
Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative position
Derivative Position as of December 31, 2020:
(in thousands)
Notional Balance
Final Maturity
Date
Other
Assets
AOCI, Net
of Tax
Designated as hedges:
Interest rate cap (cash flow hedge)
 $ 102,500  U.S. dollars December 2021 $ —  $ (89)
Not designated as hedges:
Interest rate cap
 $ 102,500  U.S. dollars December 2021 $ —  $ (75)
Derivative Position as of December 26, 2019:
(in thousands)
Notional Balance
Final Maturity
Date
Other
Assets
AOCI, Net
of Tax
Designated as hedges:
Interest rate cap (cash flow hedge)
 $ 102,500  U.S. dollars December 2021 $ 20  $ 236 
Not designated as hedges:
Interest rate cap
 $ 102,500  U.S. dollars December 2021 $ —  $ (43)
Schedule of gains (losses) related to our designated hedge contracts Gains (losses) related to our designated hedge contracts are as follows:
Effective Portion Reclassified
From AOCI to Earnings		 Effective Portion Recognized in
Other Comprehensive Income (Loss)
Fiscal Year Ended Fiscal Year Ended
(in thousands) December 31,
2020		 December 26,
2019		 December 27,
2018		 December 31,
2020		 December 26,
2019		 December 27,
2018
Interest rate cap (cash flow hedge) $ —  $ —  $ —  $ 357  $ (379) $ 391 
Interest rate swaps (cash flow hedges) $ —  $ —  $ —  $ —  $ —  $ —