Fair Value (Tables)

3 Months Ended

Apr. 01, 2017

Fair Value Assets Measured on Recurring Basis

Assets measured at fair value on a recurring basis as of April 1, 2017 were as follows (in thousands):



	Level 1		Level 2		Total
Assets:
Cash equivalents
Money market funds	$	19,388	$	—	$	19,388
Marketable securities
U.S. Treasuries	—		7,497		7,497
Interest rate swap derivative contracts	—		1,009		1,009
Total assets	$	19,388	$	8,506	$	27,894

Assets measured at fair value on a recurring basis as of December 31, 2016 were as follows (in thousands):



	Level 1		Level 2		Total
Assets:
Cash equivalents
Money market funds	$	19,350	$	—	$	19,350
Marketable securities
U.S. Treasuries	—		7,497		7,497
Foreign exchange derivative contracts	—		1,137		1,137
Interest rate swap derivative contracts	—		838		838
Total	$	19,350	$	9,472	$	28,822

Schedule of Losses Related to Non-designated Derivative Instruments

The location and amount of losses related to non-designated derivative instruments that matured in the three months ended April 1, 2017 and March 26, 2016 in the Condensed Consolidated Statements of Operations are as follows (in thousands):



		Amount of Loss Recognized on Derivatives
		Three Months Ended
Derivatives Not Designated as Hedging Instruments	Location of Loss Recognized on Derivatives	April 1, 2017			March 26, 2016
Foreign exchange forward contracts	Other income (expense), net	$	(886	)	$	(1,562	)

Schedule of the Impact of Cash Flow Hedges on Consolidated Financial Statements

The impact of the cash flow hedges on the consolidated financial statements is depicted below (in thousands):



The Effect of Derivative Instruments on the Statement of Financial Performance
For the Three Months Ended
	Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)				Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)						Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion )	Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion )

Derivatives in ASC 815 Cash Flow Hedging Relationships

	April 1, 2017		March 26, 2016				April 1, 2017			March 26, 2016				April 1, 2017		March 26, 2016
Interest rate contracts	$	120	$	—	Other income (expense), net		$	(37	)	$	—	Other income (expense), net		$	14	$	—
Total	$	120	$	—			$	(37	)	$	—			$	14	$	—