Dunkin' Donuts 2015 Annual Report Download - page 86

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-76-
The table below summarizes the effects of derivative instruments in the consolidated statements of operations and
comprehensive income for fiscal year 2014:
Derivatives designated as
cash flow hedging
instruments
Amount of gain
(loss) recognized in
other comprehensive
income (loss)
Amount of net gain
(loss) reclassified
into earnings
Consolidated statement of operations
classification
Total effect on other
comprehensive
income (loss)
Interest rate swaps $ (8,085) (4,108) Interest expense (3,977)
Income tax effect 3,269 1,661 Provision for income taxes 1,608
Net of income taxes $ (4,816) (2,447)(2,369)
The table below summarizes the effects of derivative instruments in the consolidated statements of operations and
comprehensive income for fiscal year 2013:
Derivatives designated as
cash flow hedging
instruments
Amount of gain
(loss) recognized in
other comprehensive
income (loss)
Amount of net gain
(loss) reclassified
into earnings
Consolidated statement of operations
classification
Total effect on other
comprehensive
income (loss)
Interest rate swaps $ 9,648 (3,382) Interest expense 13,030
Income tax effect (3,909) 1,381 Provision for income taxes (5,290)
Net of income taxes $ 5,739 (2,001) 7,740
(10) Other current liabilities
Other current liabilities at December 26, 2015 and December 27, 2014 consisted of the following (in thousands):
December 26,
2015
December 27,
2014
Gift card/certificate liability $ 176,080 151,127
Gift card breakage liability 23,955 25,893
Accrued salary and benefits 29,540 21,632
Accrued legal liabilities (see note 17(d)) 18,267 24,648
Accrued interest 9,522 8,351
Accrued professional costs 4,814 9,381
Franchisee profit-sharing liability 8,406 1,074
Other 22,275 16,786
Total other current liabilities $ 292,859 258,892
The increase in the gift card/certificate liability is due primarily to an increase in, and timing of, gift card activations. The
increase in franchisee profit-sharing liability is due primarily to the sale of Dunkin’ K-Cup® pods and the related franchisee
profit-sharing program.