Derivative Instruments (Notes)

3 Months Ended

Apr. 02, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities Disclosure [Text Block]

Derivative Instruments

The Company is exposed to adverse changes in foreign currency exchange rates, primarily related to sales in the Canadian Dollar and the Euro. As a result, the Company periodically enters into foreign currency forward contracts to minimize the impact of fluctuating exchange rates on results of operations. These derivative instruments have maturities of two months or less and have not qualified for hedge accounting.

Notional amounts and fair values of derivative instruments are as follows:

		Notional amount				Fair Value
	Classification	April 2, 2016		January 2, 2016		April 2, 2016		January 2, 2016
		(In thousands)
Foreign currency forward contracts	Other current assets	$	2,421	$	—	$	11	$	—
Foreign currency forward contracts	Accrued expenses	$	—	$	6,773	$	—	$	28

Losses associated with derivative instruments are as follows:

		Three Months Ended
	Classification	April 2, 2016			March 28, 2015
		(In thousands)
Derivatives not designated as hedging instruments
Loss recognized in income	Other income (expense), net	$	(380	)	$	—