Financial Instruments and Risk Management (Tables)

6 Months Ended

Jul. 04, 2015

The fair values of derivative financial instruments recognized in the Condensed Consolidated Balance Sheets of the Company were as follows:



	Balance Sheet Location	Fair Value
	Balance Sheet Location	July 4, 2015			January 3, 2015
Hedges	Other current assets	$	5,065		$	3,447
Non-hedges	Other current assets	2,959			2,960
Total derivative assets		8,024			6,407

Hedges	Accrued liabilities	(510		)	—
Non-hedges	Accrued liabilities	(65		)	(109		)
Total derivative liabilities		(575		)	(109		)

Net derivative asset		$	7,449		$	6,298

The effect of cash flow hedge derivative instruments on the Condensed Consolidated Statements of Income and AOCI is as follows:



	Amount of Gain Recognized in AOCI (Effective Portion)					Amount of Gain Recognized in AOCI (Effective Portion)
	Quarters Ended					Six Months Ended
	July 4, 2015		June 28, 2014			July 4, 2015		June 28, 2014
Foreign exchange contracts	$	468	$	(997	)	$	11,653	$	(855	)



	Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	Amount of Gain Reclassified from AOCI into Income (Effective Portion)				Amount of Gain Reclassified from AOCI into Income (Effective Portion)
		Quarters Ended				Six Months Ended
		July 4, 2015		June 28, 2014		July 4, 2015		June 28, 2014
Foreign exchange contracts	Cost of sales	$	3,823	$	355	$	4,658	$	1,030

The effect of derivative contracts not designated as hedges on the Condensed Consolidated Statements of Income is as follows:



	Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Income						Amount of Gain (Loss) Recognized in Income
		Quarters Ended						Six Months Ended
		July 4, 2015			June 28, 2014			July 4, 2015			June 28, 2014
Foreign exchange contracts	Selling, general and administrative expenses	$	(5,046	)	$	(322	)	$	(1,576	)	$	(372	)