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Financial Instruments and Fair Value Measurements (Tables)
3 Months Ended
Apr. 01, 2016
Financial Instruments and Fair Value Measurements [Abstract]  
Company's assets and liabilities measured at fair value for each fair value hierarchy level [Table Text Block]
A summary of the Company’s assets and liabilities that are measured at fair value for each fair value hierarchy level for the periods presented is as follows:
 
April 1, 2016
 
Level
One
 
Level
Two
 
Level
Three
 
Total
 
(In thousands)
Assets:
 
 
 
 
 
 
 
Cash equivalents
$
20,455

 
$

 
$

 
$
20,455

 Foreign currency contracts related to sales - designated as hedges

 
2,228

 

 
2,228

 Foreign currency contracts related to sales - not designated as hedges

 
1,922

 

 
1,922

 Foreign currency contracts related to purchases - designated as hedges

 
1,889

 

 
1,889

 Foreign currency contracts related to purchases - not designated as hedges

 
64

 

 
64

 Deferred compensation plans

 
4,216

 

 
4,216

 
$
20,455

 
$
10,319

 
$

 
$
30,774

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 Foreign currency contracts related to sales - designated as hedges
$

 
$
5,950

 
$

 
$
5,950

 Foreign currency contracts related to sales - not designated as hedges

 
199

 

 
199

 Foreign currency contracts related to purchases - designated as hedges

 
1,049

 

 
1,049

 Foreign currency contracts related to purchases - not designated as hedges

 
890

 

 
890

 Deferred compensation plans

 
4,216

 

 
4,216

 
$

 
$
12,304

 
$

 
$
12,304


 
December 31, 2015
 
Level
One
 
Level
Two
 
Level
Three
 
Total
 
(In thousands)
Assets:
 
 
 
 
 
 
 
Cash equivalents
$
22,516

 
$

 
$

 
$
22,516

 Foreign currency contracts related to sales - designated as hedges

 
988

 

 
988

 Foreign currency contracts related to sales - not designated as hedges

 
664

 

 
664

 Foreign currency contracts related to purchases - designated as hedges

 
1,554

 

 
1,554

 Foreign currency contracts related to purchases - not designated as hedges

 
338

 

 
338

 Deferred compensation plans

 
4,000

 

 
4,000

 
$
22,516

 
$
7,544

 
$

 
$
30,060

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 Foreign currency contracts related to sales - designated as hedges
$

 
$
6,368

 
$

 
$
6,368

 Foreign currency contracts related to sales - not designated as hedges

 
969

 

 
969

 Foreign currency contracts related to purchases - designated as hedges

 
322

 

 
322

 Foreign currency contracts related to purchases - not designated as hedges

 
128

 

 
128

 Deferred compensation plans

 
4,000

 

 
4,000

 
$

 
$
11,787

 
$

 
$
11,787


There were no transfers in or out of Level One, Two or Three during the three months ended April 1, 2016.
Schedule of Foreign Exchange Contracts, Notional Values
As of April 1, 2016 and December 31, 2015, the Company had foreign currency contracts with the following notional values:
 
April 1, 2016
 
December 31, 2015
 
(In thousands)
Foreign currency contracts sold - not designated as hedges
$
120,217

 
$
119,653

Foreign currency contracts sold - designated as hedges
186,063

 
206,366

Foreign currency contracts purchased - not designated as hedges
36,215

 
41,480

Foreign currency contracts purchased - designated as hedges
61,866

 
62,794

Total foreign currency derivatives
$
404,361

 
$
430,293

Schedule of Derivative Instruments, Gain (Loss) in Condensed Consolidated Financial Statements [Table Text Block]
The Company recognized the following in its Condensed Consolidated Financial Statements related to its derivative instruments:
 
Three Months Ended
 
April 1, 2016
 
March 27, 2015
 
(In thousands)
Contracts Designated as Hedges:
 
Foreign Currency Contracts - related to customer sales contracts:
 
 
 
  Unrealized loss
$
(1,205
)
 
$
(5,759
)
  Realized gain
2,369

 
452

Foreign Currency Contracts - related to supplier purchase contracts:
 
 
 
  Unrealized loss
(347
)
 
(2,553
)
  Realized gain
33

 
1,313

  Unrealized (loss) gain on net investment hedges(1)
(10,573
)
 
28,685

Contracts Not Designated in a Hedge Relationship:
 
 
 
Foreign Currency Contracts - related to customer sales contracts:
 
 
 
  Unrealized gain
2,028

 
526

  Realized loss
(13
)
 
(3,726
)
Foreign Currency Contracts - related to supplier purchases contracts:
 
 
 
  Unrealized loss
(1,036
)
 
(144
)
  Realized (loss) gain
(36
)
 
579


 
(1) The unrealized (loss) gain on net investment hedges is attributable to the change in valuation of Euro denominated debt.