Derivatives and Hedging Activities (Tables)

3 Months Ended

Apr. 01, 2012

Derivative Instruments, Gain (Loss)

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

Fair value of derivative contracts as of April 1, 2012 and January 1, 2012 were as follows (in thousands):

	Derivative assets reported in
	Other Current Assets				Other Non-current Assets
	April 1, 2012		January 1, 2012		April 1, 2012		January 1, 2012
Designated cash flow hedges
Foreign exchange contracts	$	—	$	14,890	$	—	$	—
	—		14,890		—		—
Foreign exchange contracts not designated	13,201		6,203		25		—
Total derivatives	$	13,201	$	21,093	$	25	$	—

	Derivative liabilities reported in
	Other Current Accrued Liabilities				Non-current Liabilities
	April 1, 2012		January 1, 2012		April 1, 2012		January 1, 2012
Designated cash flow hedges
Foreign exchange contracts	$	59,341	$	3,265	$	—	$	—
	59,341		3,265		—		—
Foreign exchange contracts not designated	42,662		36,780		1,039		5,790
Total derivatives	$	102,003	$	40,045	$	1,039	$	5,790

Effect Of Non-designated Derivative Contracts

The effect of non-designated derivative contracts on the Company’s results of operations recognized in other income (expense) was as follows (in thousands):

	Three months ended
	April 1, 2012			April 3, 2011
Gain on foreign exchange contracts including forward point income	$	4,962		$	9,660
Loss from revaluation of foreign currency exposures hedged by foreign exchange contracts	(4,211		)	(10,829		)

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

The impact of the effective portion of designated cash flow derivative contracts on the Company’s results of operations for the three months endedApril 1, 2012 and April 3, 2011 was as follows (in thousands):

	Amount of loss recognized in OCI						Amount of gain reclassified from OCI to earnings
	April 1, 2012			April 3, 2011			April 1, 2012		April 3, 2011
Foreign exchange contracts	$	(69,061	)	$	(26,551	)	$	6,314	$	2,694
Equity market risk contract	—			(1,475		)	—		—

Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net

The following table includes the ineffective portion of designated cash flow derivative contracts and the forward points excluded for the purposes of cash flow hedging designation recognized in other income (expense) (in thousands):

	Three months ended
	April 1, 2012			April 3, 2011
Foreign exchange contracts	$	(4,447	)	$	(1,810	)