Derivative Financial Instruments (Tables)

3 Months Ended

Apr. 01, 2017

Derivative Financial Instruments

Schedule of derivative financial instrument

The Company’s derivative financial instrument in cash flow hedging relationships consisted of the following (in thousands):

		Fair Value
	Balance Sheet Location	April 1, 2017		December 31, 2016
Interest rate swap	Other assets, net	$	—	$	1,808

Schedule of before-tax effect of derivative instruments in cash flow hedging relationships

The before-tax effect of derivative instruments in cash flow hedging relationships was as follows (in thousands):

	Gain (Loss) Recognized in OCI on Derivatives (Effective Portion) during the:						Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) during the:
	Three Months Ended					Location of Loss	Three Months Ended
	April 1, 2017		April 2, 2016			Reclassified into Income	April 1, 2017		April 2, 2016
Interest rate swaps	$	—	$	(286	)	Interest expense	$	1,808	$	(66	)

Schedule of before-tax effect of derivative instruments not designated as hedging instruments

The before-tax effect of derivative instruments not designated as hedging instruments was as follows (in thousands):

	Three Months Ended
Gain (Loss) Recognized in Income	April 1, 2017			April 2, 2016			Location
Foreign currency forward contracts	$	(94	)	$	(300	)	Other, net