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Derivative Financial Instruments (Tables)
6 Months Ended
Jul. 01, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Values of the Company's Derivative Instruments and the Line Items on the Consolidated Balance Sheets
The fair values of the Company’s derivative instruments and the line items on the unaudited condensed consolidated balance sheets to which they were recorded as of July 1, 2018 and December 31, 2017 are summarized as follows:

Derivative Assets
 
Balance Sheet
Location
 
July 1, 2018
 
December 31, 2017
 
Balance Sheet
Location
 
July 1, 2018
 
December 31, 2017
 
 
 
 
(In thousands)
 
 
 
(In thousands)
Derivative assets not designated as hedging instruments
 
Prepaid expenses and other current assets
 
$
3,824

 
$
1,314

 
Other accrued liabilities
 
$
458

 
$
7,128

Derivative assets designated as hedging instruments
 
Prepaid expenses and other current assets
 

 
485

 
Other accrued liabilities
 
49

 
1,064

Total
 
 
 
$
3,824

 
$
1,799

 
 
 
$
507

 
$
8,192


Schedule of Offsetting of Derivative Assets
The following tables set forth the offsetting of derivative assets as of July 1, 2018 and December 31, 2017:
As of July 1, 2018
 
 
 
 
 
 
 
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
 
 
 
Gross Amounts of Recognized Assets
 
Gross Amounts Offset in the Condensed Consolidated Balance Sheets
 
Net Amounts Of Assets Presented in the Condensed Consolidated Balance Sheets
 
Financial Instruments
 
Cash Collateral Pledged
 
Net Amount
 
 
(In thousands)
Bank of America
 
2,181

 

 
2,181

 
(318
)
 

 
1,863

Wells Fargo
 
1,643

 

 
1,643

 
(189
)
 

 
1,454

Total
 
$
3,824

 
$

 
$
3,824

 
$
(507
)
 
$

 
$
3,317


As of December 31, 2017
 
 
 
 
 
 
 
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
 
 
 
Gross Amounts of Recognized Assets
 
Gross Amounts Offset in the Condensed Consolidated Balance Sheets
 
Net Amounts Of Assets Presented in the Condensed Consolidated Balance Sheets
 
Financial Instruments
 
Cash Collateral Pledged
 
Net Amount
 
 
(In thousands)
Bank of America
 
$
1,664

 
$

 
$
1,664

 
$
(1,664
)
 
$

 
$

Wells Fargo
 
135

 

 
135

 
(135
)
 

 

Total
 
$
1,799

 
$

 
$
1,799

 
$
(1,799
)
 
$

 
$

Schedule of Offsetting of Derivative Liabilities
The following tables set forth the offsetting of derivative liabilities as of July 1, 2018 and December 31, 2017:
As of July 1, 2018
 
 
 
 
 
 
 
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
 
 
 
Gross Amounts of Recognized Liabilities
 
Gross Amounts Offset in the Condensed Consolidated Balance Sheets
 
Net Amounts Of Liabilities Presented in the Condensed Consolidated Balance Sheets
 
Financial Instruments
 
Cash Collateral Pledged
 
Net Amount

 
(In thousands)
Bank of America
 
$
318

 
$

 
$
318

 
$
(318
)
 
$

 
$

Wells Fargo
 
189

 

 
189

 
(189
)
 

 

Total
 
$
507

 
$

 
$
507

 
$
(507
)
 
$

 
$


As of December 31, 2017
 
 
 
 
 
 
 
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
 
 
 
Gross Amounts of Recognized Liabilities
 
Gross Amounts Offset in the Condensed Consolidated Balance Sheets
 
Net Amounts Of Liabilities Presented in the Condensed Consolidated Balance Sheets
 
Financial Instruments
 
Cash Collateral Pledged
 
Net Amount
 
 
(In thousands)
Bank of America
 
$
7,815

 
$

 
$
7,815

 
$
(1,664
)
 
$

 
$
6,151

Wells Fargo
 
377

 

 
377

 
(135
)
 

 
242

Total
 
$
8,192

 
$

 
$
8,192

 
$
(1,799
)
 
$

 
$
6,393

Schedule of Effects and Locations of Gains or Losses Recognized in Income
The effects of the Company's cash flow hedges on the unaudited condensed statements of operations for the three months ended July 1, 2018 are summarized as follows:
 
 
Location and Amount of Gains (Losses) Recognized in Income on Cash Flow Hedges
 
 
Three Months Ended July 1, 2018
 
Net revenue
 
Cost of revenue
 
Research and development
 
Sales and marketing
 
General and administrative
 
 
(In thousands)
Statements of operations
 
$
366,820

 
$
257,648

 
$
31,371

 
$
46,983

 
$
20,448

Gains (losses) on cash flow hedge
 
$
1,783

 
$
(7
)
 
$
(13
)
 
$
(157
)
 
$
(50
)


The effects of the Company's cash flow hedges on the unaudited condensed statements of operations for the six months ended July 1, 2018 are summarized as follows:

 
 
Location and Amount of Gains (Losses) Recognized in Income on Cash Flow Hedges
 
 
Six Months Ended July 1, 2018
 
Net revenue
 
Cost of revenue
 
Research and development
 
Sales and marketing
 
General and administrative
 
 
(In thousands)
Statements of operations
 
$
711,793

 
$
498,116

 
$
60,318

 
$
90,641

 
$
37,086

Gains (losses) on cash flow hedge
 
$
(785
)
 
$
(1
)
 
$
86

 
$
73

 
$
(9
)
Schedule of Company's Derivative Instruments on Other Comprehensive Income and the Consolidated Statement of Operations
The pre-tax effects of the Company’s derivative instruments on OCI and the unaudited condensed consolidated statement of operations for the three and six months ended July 1, 2018 and July 2, 2017 are summarized as follows:
Derivatives Designated as Hedging Instruments
 
Three Months Ended July 1, 2018
 
Gains (Losses)
Recognized in
OCI -
Effective
Portion
 
Location of
Gains (Losses)
Reclassified from OCI
into Income - Effective
Portion
 
Gains (Losses)
Reclassified
from
OCI into
Income -
Effective
Portion (1)
 
 
(In thousands)
Cash flow hedges:
 
 
 
 
 
 
Foreign currency forward contracts
 
$
1,680

 
Net revenue
 
$
1,783

Foreign currency forward contracts
 

 
Cost of revenue
 
(7
)
Foreign currency forward contracts
 

 
Research and development
 
(13
)
Foreign currency forward contracts
 

 
Sales and marketing
 
(157
)
Foreign currency forward contracts
 

 
General and administrative
 
(50
)
Total
 
$
1,680

 
 
 
$
1,556

_________________________
(1) Refer to Note 10, Stockholders' Equity, which summarizes the accumulated other comprehensive income activity related to derivatives.

Derivatives Designated as Hedging Instruments
 
Six Months Ended July 1, 2018
 
Gains (Losses)
Recognized in
OCI -
Effective
Portion
 
Location of
Gains (Losses)
Reclassified from OCI
into Income - Effective
Portion
 
Gains (Losses)
Reclassified
from
OCI into
Income -
Effective
Portion (1)
 
 
(In thousands)
Cash flow hedges:
 
 
 
 
 
 
Foreign currency forward contracts
 
$
180

 
Net revenue
 
$
(785
)
Foreign currency forward contracts
 

 
Cost of revenue
 
(1
)
Foreign currency forward contracts
 

 
Research and development
 
86

Foreign currency forward contracts
 

 
Sales and marketing
 
73

Foreign currency forward contracts
 

 
General and administrative
 
(9
)
Total
 
$
180

 
 
 
$
(636
)
_________________________
(1) Refer to Note 10, Stockholders' Equity, which summarizes the accumulated other comprehensive income activity related to derivatives.

Derivatives Designated as Hedging Instruments
 
Three Months Ended July 2, 2017
 
Gains (Losses)
Recognized in
OCI -
Effective
Portion
 
Location of
Gains (Losses)
Reclassified from OCI
into Income - Effective
Portion
 
Gains (Losses)
Reclassified
from
OCI into
Income -
Effective
Portion (1)
 
 
(In thousands)
Cash flow hedges:
 
 
 
 
 
 
Foreign currency forward contracts
 
$
(6,935
)
 
Net revenue
 
$
(1,008
)
Foreign currency forward contracts
 

 
Cost of revenue
 
(1
)
Foreign currency forward contracts
 

 
Research and development
 
(55
)
Foreign currency forward contracts
 

 
Sales and marketing
 
115

Foreign currency forward contracts
 

 
General and administrative
 
17

Total
 
$
(6,935
)
 
 
 
$
(932
)
_______________________
(1) Refer to Note 10, Stockholders' Equity, which summarizes the accumulated other comprehensive income activity related to derivatives.

Derivatives Designated as Hedging Instruments
 
Six Months Ended July 2, 2017
 
Gains (Losses)
Recognized in
OCI -
Effective
Portion
 
Location of
Gains (Losses)
Reclassified from OCI
into Income - Effective
Portion
 
Gains (Losses)
Reclassified
from
OCI into
Income -
Effective
Portion (1)
 
 
(In thousands)
Cash flow hedges:
 
 
 
 
 
 
Foreign currency forward contracts
 
$
(7,052
)
 
Net revenue
 
$
1,027

Foreign currency forward contracts
 

 
Cost of revenue
 
(14
)
Foreign currency forward contracts
 

 
Research and development
 
(74
)
Foreign currency forward contracts
 

 
Sales and marketing
 
(249
)
Foreign currency forward contracts
 

 
General and administrative
 
(42
)
Total
 
$
(7,052
)
 
 
 
$
648

_______________________
(1) Refer to Note 10, Stockholders' Equity, which summarizes the accumulated other comprehensive income activity related to derivatives.

Schedule of Derivatives not Designated as Hedging Instruments
The effects of the Company’s non-designated hedge included in Other income (expense), net in the unaudited condensed consolidated statements of operations for the three and six months ended July 1, 2018 and July 2, 2017 are as follows:

Derivatives Not Designated as Hedging Instruments
 
Location of Gains (Losses)
Recognized in Income on Derivative
 
Three Months Ended
 
Six Months Ended
 
July 1, 2018
 
July 2, 2017
 
July 1, 2018
 
July 2, 2017
 
 
 
 
(In thousands)
Foreign currency forward contracts
 
Other income (expense), net
 
$
5,438

 
$
(2,893
)
 
$
3,030

 
$
(4,246
)