Financial Instruments (Tables)

3 Months Ended

Apr. 04, 2015

Notes To Financial Statements [Abstract]

Foreign Exchange Transaction

The fair value of the forward and option contracts was a loss of $0.2 million at the end of the first quarter of 2015.

Sell		Purchase		Maturity
5,600,000	British Pounds	7,666,822	Euro Dollars	July 3, 2015
10,000,000	British Pounds	13,723,068	Euro Dollars	July 3, 2015
5,000,000	British Pounds	6,885,156	Euro Dollars	July 3, 2015
5,500,000	Euro Dollars	5,924,050	US Dollars	July 3, 2015
10,000,000	Euro Dollars	10,770,000	US Dollars	July 3, 2015
4,700,000	Euro Dollars	5,061,900	US Dollars	July 3, 2015
15,000,000	Australian Dollars	11,326,500	US Dollars	July 3, 2015
10,000,000	Australian Dollars	7,551,000	US Dollars	July 3, 2015
10,000,000	Australian Dollars	7,558,000	US Dollars	July 3, 2015
7,500,000	Canadian Dollars	5,847,953	US Dollars	July 3, 2015
10,000,000	Brazilian Real	2,748,763	US Dollars	December 15, 2015

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

The following tables summarize the company’s fair value of interest rate swaps (in thousands):

	Condensed Consolidated Balance Sheet Presentation	Apr 4, 2015			Jan 3, 2015
Fair value	Other non-current liabilities	$	(1,609	)	$	(810	)

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 4, 2015			Mar 29, 2014
Gain/(loss) recognized in accumulated other comprehensive income	Other comprehensive income	$	(1,297	)	$	(103	)
Gain/(loss) reclassified from accumulated other comprehensive income (effective portion)	Interest expense	$	(485	)	$	(543	)
Gain/(loss) recognized in income (ineffective portion)	Other expense	$	13		$	31