Foreign Currency Contracts (Tables)

6 Months Ended

Jun. 25, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Foreign Currency Contracts

The notional amount and fair value of the Company’s foreign currency forward contracts at December 26, 2015 was as follows:

Notional Amount		Fair Value		Balance Sheet Location
(in thousands)
$	88,483	$	15	Other Current Assets

Derivative Instruments, Gain (Loss)

The following table summarizes gains recognized on foreign exchange forward contracts related to intercompany loans denominated in Euros on the Company’s consolidated statement of income:

	Three Months Ended		Six Months Ended
Location of Gain (Loss)	June 25, 2016		June 25, 2016
	(in thousands)
Other income (expense), net	$	1,130	$	3,373