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Financial Instruments (Tables)
3 Months Ended
Apr. 01, 2017
Notes To Financial Statements [Abstract]  
Foreign Exchange Transaction
The fair value of the forward and option contracts was a loss of $2.0 million at the end of the first quarter of 2017.
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table summarizes the company’s fair value of interest rate swaps (in thousands):
 
Condensed Consolidated
Balance Sheet Presentation
 
Apr 1, 2017

 
Dec 31, 2016

Fair value
Other assets
 
$
9,585

 
$
8,842

Fair value
Accrued expenses
 
$
(16
)
 
$
(100
)
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The impact on earnings from interest rate swaps was as follows (in thousands):
 
 
 
Three Months Ended
 
Presentation of Gain/(loss)
 
Apr 1, 2017
 
Apr 2, 2016

Gain/(loss) recognized in accumulated other comprehensive income
Other comprehensive income
 
$
312

 
$
(519
)
Gain/(loss) reclassified from accumulated other comprehensive income (effective portion)
Interest expense
 
$
(522
)
 
$
(317
)
Gain/(loss) recognized in income (ineffective portion)
Other expense
 
$
(7
)
 
$
11