Derivative Instruments

3 Months Ended

Mar. 28, 2020

Derivative Instrument Detail [Abstract]

10.	Derivative Instruments

The Company uses foreign currency forward contracts to mitigate variability in gains and losses generated from the

re-measurement

of certain monetary assets and liabilities denominated in foreign currencies and to offset certain operational exposures from the impact of changes in foreign currency exchange rates. These derivatives are carried at fair value with changes recorded in interest income and other income (expense), net in the condensed consolidated statements of operations. Changes in the fair value of these derivatives are largely offset by

re-measurement

of the underlying assets and liabilities. Cash flows from such derivatives are classified as operating activities. The derivatives have maturities of approximately 30 days.

The following table summarizes the Company’s outstanding derivative instruments on a gross basis as recorded in its condensed consolidated balance sheets as of March 28, 2020 and December 28, 2019.


	Notional Amounts				Derivative Liabilities
Derivative Instrument	March 28, 2020		December 28, 2019		March 28, 2020				December 28, 2019
					Balance Sheet Line		Fair Value		Balance Sheet Line		Fair Value
					(In thousands)
Undesignated Hedges:
Forward Foreign Currency Contracts	$	911		1,035		*	$	—		*	$	4

Total Hedges	$	911		1,035			$	—			$	4

*	Other accrued liabilities