Derivatives and Hedging Activities (Tables)

6 Months Ended

Jul. 01, 2012

Derivative Instruments, Gain (Loss)

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

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

	Derivative assets reported in
	Other Current Assets				Other Non-current Assets
	July 1, 2012		January 1, 2012		July 1, 2012		January 1, 2012
Designated cash flow hedges
Foreign exchange contracts	$	568	$	14,890	$	—	$	—
	568		14,890		—		—
Foreign exchange contracts not designated	5,088		6,203		3		—
Total derivatives	$	5,656	$	21,093	$	3	$	—

	Derivative liabilities reported in
	Other Current Accrued Liabilities				Non-current Liabilities
	July 1, 2012		January 1, 2012		July 1, 2012		January 1, 2012
Designated cash flow hedges
Foreign exchange contracts	$	14,071	$	3,265	$	—	$	—
	14,071		3,265		—		—
Foreign exchange contracts not designated	4,025		36,780		1,745		5,790
Total derivatives	$	18,096	$	40,045	$	1,745	$	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						Six months ended
	July 1, 2012			July 3, 2011			July 1, 2012			July 3, 2011
Gain (loss) on foreign exchange contracts including forward point income	$	(2,376	)	$	(11,696	)	$	2,586		$	(2,036	)
Gain (loss) from revaluation of foreign currency exposures hedged by foreign exchange contracts	2,242			12,900			(1,969		)	2,070

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 and six months endedJuly 1, 2012 and July 3, 2011 was as follows (in thousands):

	Three months ended									Six months ended
	Amount of gain recognized in OCI				Amount of gain (loss) reclassified from OCI to earnings					Amount of gain (loss) recognized in OCI						Amount of gain reclassified from OCI to earnings
	July 1, 2012		July 3, 2011		July 1, 2012			July 3, 2011		July 1, 2012			July 3, 2011			July 1, 2012		July 3, 2011
Foreign exchange contracts	$	30,141	$	26,272	$	(1,529	)	$	1,853	$	(38,920	)	$	(279	)	$	4,785	$	4,547
Equity market risk contract	—		5,179		—			—		—			3,704			—		—

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						Six months ended
	July 1, 2012			July 3, 2011			July 1, 2012			July 3, 2011
Foreign exchange contracts	$	(799	)	$	(630	)	$	(5,246	)	$	(2,440	)