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Financial Instruments and Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 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:
 
September 30, 2016
 
Level
One
 
Level
Two
 
Level
Three
 
Total
 
(In thousands)
Assets:
 
 
 
 
 
 
 
 Cash equivalents
$
19,604

 
$

 
$

 
$
19,604

 Foreign currency contracts related to sales - designated as hedges

 
1,322

 

 
1,322

 Foreign currency contracts related to sales - not designated as hedges

 
496

 

 
496

 Foreign currency contracts related to purchases - designated as hedges

 
4,031

 

 
4,031

 Foreign currency contracts related to purchases - not designated as hedges

 
50

 

 
50

 Deferred compensation plans

 
4,416

 

 
4,416

 
$
19,604

 
$
10,315

 
$

 
$
29,919

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

 
$
8,805

 
$

 
$
8,805

 Foreign currency contracts related to sales - not designated as hedges

 
259

 

 
259

 Foreign currency contracts related to purchases - designated as hedges

 
519

 

 
519

 Foreign currency contracts related to purchases - not designated as hedges

 
398

 

 
398

 Deferred compensation plans

 
4,416

 

 
4,416

 
$

 
$
14,397

 
$

 
$
14,397


 
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 nine months ended September 30, 2016.
Schedule of Foreign Exchange Contracts, Notional Values
As of September 30, 2016 and December 31, 2015, the Company had foreign currency contracts with the following notional values:
 
September 30, 2016
 
December 31, 2015
 
(In thousands)
Foreign currency contracts sold - not designated as hedges
$
73,676

 
$
119,653

Foreign currency contracts sold - designated as hedges
203,814

 
206,366

Foreign currency contracts purchased - not designated as hedges
36,124

 
41,480

Foreign currency contracts purchased - designated as hedges
70,400

 
62,794

Total foreign currency derivatives
$
384,014

 
$
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
 
Nine Months Ended
 
September 30, 2016
 
September 25, 2015
 
September 30, 2016
 
September 25, 2015
 
(In thousands)
Contracts Designated as Hedges:
 
 
 
Foreign Currency Contracts - related to customer sales contracts:
 
 
 
 
 
 
 
  Unrealized (loss) gain
$
(362
)
 
$
(4,354
)
 
$
496

 
$
(3,846
)
  Realized gain (loss)
297

 
(2,378
)
 
(2,075
)
 
1,124

Foreign Currency Contracts - related to supplier purchase contracts:
 
 
 
 
 
 
 
  Unrealized gain (loss)
403

 
(666
)
 
(838
)
 
(990
)
  Realized (loss) gain
(207
)
 
2,072

 
2,504

 
122

  Unrealized gain (loss) on net investment hedges(1)
9,187

 
(1,485
)
 
3,482

 
8,727

Contracts Not Designated in a Hedge Relationship:
 
 
 
 
 
 
 
Foreign Currency Contracts - related to customer sales contracts:
 
 
 
 
 
 
 
  Unrealized gain
94

 
774

 
541

 
3,046

  Realized loss
(579
)
 
(449
)
 
(670
)
 
(4,710
)
Foreign Currency Contracts - related to supplier purchases contracts:
 
 
 
 
 
 
 
  Unrealized (loss) gain
(42
)
 
(342
)
 
(558
)
 
45

  Realized loss
(360
)
 
(548
)
 
(621
)
 
(134
)

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