Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2016, are shown in the following table:

	As of
	September 30,			December 31,
	2016			2015
Foreign currency hedges reported in Accrued liabilities	$	(234	)	$	—
Interest rate swaps reported in Accrued liabilities	$	(246	)	$	(768	)
Interest rate swaps reported in Other long-term obligations	$	(360	)	$	—

Derivative Instruments, Gain (Loss)

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

	Three Months Ended					Nine Months Ended
	September 30,			September 27,		September 30,			September 27,
	2016			2015		2016			2015
Foreign Exchange Contracts:
Loss recognized in Net Sales	$	(35	)	$	—	$	(125	)	$	—
Gain recognized in Cost of Goods Sold	51			—		139			—
Gain recognized in Selling, General and Administrative expense	—			—		10			—
Loss recognized in Other (expenses) income	(5		)	—		(9		)	—
Interest Rate Swaps:
Interest Expense	$	158		$	192	$	471		$	574
Total	$	169		$	192	$	486		$	574

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	)	$	—
Realized gains included in earnings	768			—
Unrealized (losses)	(516		)	—
Balance at December 31, 2015	$	(768	)	$	—
Realized gains included in earnings	709			—
Unrealized (losses)	(547		)	(234		)
Balance at September 30, 2016	$	(606	)	$	(234	)