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Financial Instruments and Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2017
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:
 
June 30, 2017
 
Level
One
 
Level
Two
 
Level
Three
 
Total
 
(In thousands)
Assets:
 
 
 
 
 
 
 
 Cash equivalents
$
23,782

 
$

 
$

 
$
23,782

 Foreign currency contracts related to sales - designated as hedges

 
3,799

 

 
3,799

 Foreign currency contracts related to sales - not designated as hedges

 
1,638

 

 
1,638

 Foreign currency contracts related to purchases - designated as hedges

 
1,602

 

 
1,602

 Foreign currency contracts related to purchases - not designated as hedges

 
387

 

 
387

 Deferred compensation plans

 
6,009

 

 
6,009

 
$
23,782

 
$
13,435

 
$

 
$
37,217

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

 
$
3,032

 
$

 
$
3,032

 Foreign currency contracts related to sales - not designated as hedges

 
351

 

 
351

 Foreign currency contracts related to purchases - designated as hedges

 
710

 

 
710

 Foreign currency contracts related to purchases - not designated as hedges

 
668

 

 
668

 Deferred compensation plans

 
6,009

 

 
6,009

 
$

 
$
10,770

 
$

 
$
10,770


 
December 31, 2016
 
Level
One
 
Level
Two
 
Level
Three
 
Total
 
(In thousands)
Assets:
 
 
 
 
 
 
 
 Cash equivalents
$
24,603

 
$

 
$

 
$
24,603

 Foreign currency contracts related to sales - designated as hedges

 
992

 

 
992

 Foreign currency contracts related to sales - not designated as hedges

 
1,422

 

 
1,422

 Foreign currency contracts related to purchases - designated as hedges

 
4,224

 

 
4,224

 Foreign currency contracts related to purchases - not designated as hedges

 
120

 

 
120

 Deferred compensation plans

 
4,586

 

 
4,586

 
$
24,603

 
$
11,344

 
$

 
$
35,947

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

 
$
11,280

 
$

 
$
11,280

 Foreign currency contracts related to sales - not designated as hedges

 
256

 

 
256

 Foreign currency contracts related to purchases - designated as hedges

 
469

 

 
469

 Foreign currency contracts related to purchases - not designated as hedges

 
1,004

 

 
1,004

 Deferred compensation plans

 
4,586

 

 
4,586

 
$

 
$
17,595

 
$

 
$
17,595


There were no transfers in or out of Level One, Two or Three during the six months ended June 30, 2017.
Schedule of Foreign Exchange Contracts, Notional Values
As of June 30, 2017 and December 31, 2016, the Company had foreign currency contracts with the following notional values:
 
June 30, 2017
 
December 31, 2016
 
(In thousands)
Foreign currency contracts sold - not designated as hedges
$
116,258

 
$
87,172

Foreign currency contracts sold - designated as hedges
188,994

 
215,086

Foreign currency contracts purchased - not designated as hedges
12,950

 
40,127

Foreign currency contracts purchased - designated as hedges
89,089

 
84,604

Total foreign currency derivatives
$
407,291

 
$
426,989

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
 
Six Months Ended
 
June 30, 2017
 
July 1, 2016
 
June 30, 2017
 
July 1, 2016
 
(In thousands)
Contracts Designated as Hedges:
 
 
 
Foreign Currency Contracts - related to customer sales contracts:
 
 
 
 
 
 
 
  Unrealized gain
$
1,628

 
$
2,063

 
$
2,717

 
$
858

  Realized gain (loss)
2,249

 
(4,741
)
 
1,627

 
(2,372
)
Foreign Currency Contracts - related to supplier purchase contracts:
 
 
 
 
 
 
 
  Unrealized (loss) gain
(194
)
 
(894
)
 
639

 
(1,241
)
  Realized (loss) gain
(435
)
 
2,678

 
(1,014
)
 
2,711

  Unrealized (loss) gain on net investment hedges(1)
(15,954
)
 
4,868

 
(19,429
)
 
(5,705
)
Contracts Not Designated in a Hedge Relationship:
 
 
 
 
 
 
 
Foreign Currency Contracts - related to customer sales contracts:
 
 
 
 
 
 
 
  Unrealized gain (loss)
1,570

 
(1,581
)
 
260

 
447

  Realized gain (loss)
1,630

 
(78
)
 
1,590

 
(91
)
Foreign Currency Contracts - related to supplier purchases contracts:
 
 
 
 
 
 
 
  Unrealized (loss) gain
(286
)
 
520

 
604

 
(516
)
  Realized loss
(253
)
 
(225
)
 
(255
)
 
(261
)

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