Fair Value Measurements (Tables)

6 Months Ended

Jul. 02, 2017

Fair Value Disclosures [Abstract]

Assets and Liabilities Carried at Fair Value Measured on a Recurring Basis

The following tables show the assets and liabilities carried at fair value measured on a recurring basis as of July 2, 2017 and January 1, 2017 classified in one of the three classifications described above:

				Fair Value Measurements at July 2, 2017 Using:
	Total Carrying Value at July 2, 2017			Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(In thousands)
Marketable securities	$	1,893		$	1,893	$	—		$	—
Foreign exchange derivative assets	7,057			—		7,057			—
Foreign exchange derivative liabilities	(1,946		)	—		(1,946		)	—
Contingent consideration	(64,076		)	—		—			(64,076		)

				Fair Value Measurements at January 1, 2017 Using:
	Total Carrying Value at January 1, 2017			Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable  Inputs (Level 3)
	(In thousands)
Marketable securities	$	1,678		$	1,678	$	—		$	—
Foreign exchange derivative assets	1,208			—		1,208			—
Foreign exchange derivative liabilities	(1,370		)	—		(1,370		)	—
Contingent consideration	(63,201		)	—		—			(63,201		)

Reconciliation of Beginning and Ending Level 3 Net Liabilities

A reconciliation of the beginning and ending Level 3 net liabilities for contingent consideration is as follows:

	Three Months Ended						Six Months Ended
	July 2, 2017			July 3, 2016			July 2, 2017			July 3, 2016
	(In thousands)
Balance at beginning of period	$	(63,978	)	$	(58,579	)	$	(63,201	)	$	(57,350	)
Amounts paid and foreign currency translation	—			6			34			100
Change in fair value (included within selling, general and administrative expenses)	(98		)	(4,305		)	(909		)	(5,628		)
Balance at end of period	$	(64,076	)	$	(62,878	)	$	(64,076	)	$	(62,878	)