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Financial Instruments (Tables)
 9 Months Ended
Sep. 29, 2012
Financial Instruments [Abstract]  
Fair Values Of Financial Assets And Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(THOUSANDS OF DOLLARS)

SEPTEMBER 29, 2012

 

DECEMBER 31, 2011

 

LEVEL 1

 

LEVEL 2

 

LEVEL 3

 

TOTAL

 

LEVEL 1

 

LEVEL 2

 

LEVEL 3

 

TOTAL

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (A)

$
705 

 

$

 -

 

$

 -

 

$
705 

 

$
10,404 

 

$

 -

 

$

 -

 

$
10,404 

Short-term investments (B)

 
226 

 

 

 -

 

 

 -

 

 
226 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

Derivatives not designated as

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange contracts (C)

 

 -

 

 
83 

 

 

 -

 

 
83 

 

 

 -

 

 
55 

 

 

 -

 

 
55 

 

$
931 

 

$
83 

 

$

 -

 

$
1,014 

 

$
10,404 

 

$
55 

 

$

 -

 

$
10,459 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(THOUSANDS OF DOLLARS)

SEPTEMBER 29, 2012

 

DECEMBER 31, 2011

 

LEVEL 1

 

LEVEL 2

 

LEVEL 3

 

TOTAL

 

LEVEL 1

 

LEVEL 2

 

LEVEL 3

 

TOTAL

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives designated as

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps (D)

$

 -

 

$
125 

 

$

 -

 

$
125 

 

$

 -

 

$
169 

 

$

 -

 

$
169 

Derivatives not designated as

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange contracts (C)

 

 -

 

 
220 

 

 

 -

 

 
220 

 

 

 -

 

 
31 

 

 

 -

 

 
31 

 

$

 -

 

$
345 

 

$

 -

 

$
345 

 

$

 -

 

$
200 

 

$

 -

 

$
200 

 

 

 

 

(A)

Value is based on quoted market prices of identical instruments, fair value is included in cash and cash equivalents

(B)

Value is based on quoted market prices of identical instruments

(C)

Value is based on the present value of the forward rates less the contract rate multiplied by the notional amount, fair value is included in other current assets or accounts payable, accrued expenses and other liabilities

(D)

Value is derived from a discounted cash flow analysis based on the terms of the contract and the interest rate curve, fair value is included in accounts payable, accrued expenses and other liabilities

 

Effective Portion Of Pre-Tax Gains (Losses) On Derivative Instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

(THOUSANDS OF DOLLARS)

 

THREE MONTHS ENDED

 

NINE MONTHS ENDED

 

 

SEPTEMBER 29,

 

OCTOBER 1,

 

SEPTEMBER 29,

 

OCTOBER 1,

 

 

2012

 

2011

 

2012

 

2011

Fair Value / Non-designated Hedges:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange contracts (A)

 

$
(31)

 

$
822 

 

$
(137)

 

$
601 

Cash Flow Hedges:

 

 

 

 

 

 

 

 

 

 

 

 

Effective portion recognized in other

 

 

 

 

 

 

 

 

 

 

 

 

comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

$
57 

 

$
(1)

 

$
152 

 

$
174 

Effective portion reclassified from other

 

 

 

 

 

 

 

 

 

 

 

 

comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps (B)

 

$
(36)

 

$
(39)

 

$
(108)

 

$
(203)

 

 

 

 

 

(A)

Included in selling, general and administrative expenses 

(B)

Included in interest expense