Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The location and fair values of derivative instruments designated as hedging instruments in the Condensed Consolidated Balance Sheets as of March 31, 2016, are shown in the following table:

	As of
	March 31,			December 31,
	2016			2015
Foreign currency hedges reported in Other current assets	$	379		$	—
Interest rate swaps reported in Accrued liabilities	$	(674	)	$	(768	)

Derivative Instruments, Gain (Loss)

The effect of derivative instruments on the Condensed Consolidated Statements of Earnings is as follows:

	Three Months Ended
	March 31,			March 29,
	2016			2015
Foreign Exchange Contracts:
Loss recognized in Net Sales	$	(7	)	$	—
Gain recognized in Cost of Goods Sold	1			—
Gain recognized Selling, General and Administrative expense	4			—
Gain recognized in Other (expense) income	6			—
Interest Rate Swaps:
Interest Expense	$	152		$	190
Total	$	156		$	190

The table below provides a reconciliation of the recurring financial assets (liabilities) for our derivative instruments:

				Foreign
	Interest			Currency
	Rate Swaps			Hedges
Balance at January 1, 2015	$	(1,020	)	$	—
Total gains (losses) for the period:
Included in earnings	768			—
Included in other comprehensive income	(516		)	—
Balance at December 31, 2015	$	(768	)	$	—
Total gains (losses) for the period:
Included in earnings	233			(2		)
Included in other comprehensive income	(139		)	381
Balance at March 31, 2016	$	(674	)	$	379