Comprehensive Income

6 Months Ended

Jul. 02, 2011

Comprehensive Income [Abstract]

Comprehensive Income

Note 9—Comprehensive Income

The components of comprehensive income are as follows:

	Three Months Ended						Six Months Ended
	July 2, 2011			July 3, 2010			July 2, 2011			July 3, 2010
Net income	$	45,503		$	29,934		$	89,534		$	77,909
Other comprehensive income, net of tax:
Foreign currency translation adjustments		13,463			(38,480	)		41,717			(43,290	)
Change in fair value of cash flow hedges		74			2,490			(1,609	)		2,531
Other		(1	)		70			(2	)		74
Total comprehensive income	$	59,039		$	(5,986	)	$	129,640		$	37,224

The components of accumulated other comprehensive income as of July 2, 2011, January 1, 2011 and July 3, 2010 are summarized below:

	July 2,			January 1,			July 3,
	2011			2011			2010
Foreign currency translation adjustments (a)	$	87,699		$	45,982		$	5,268
Actuarial losses, net related to post retirement medical plans, net of tax of $1,232, $1,232 and $607, as of July 2, 2011, January 1, 2011 and July 3, 2010, respectively		(1,099	)		(1,099	)		(1,058	)
Loss (gain) on cash flow hedges, net of taxes of $1,358, $871 and $573 as of July 2, 2011, January 1, 2011 and July 3, 2010, respectively		(3,456	)		(1,847	)		1,504
Other		10			12			74
Total accumulated other comprehensive income	$	83,154		$	43,048		$	5,788

(a) Foreign currency translation adjustments reflect the change in the U.S. dollar relative to functional currencies where the Company conducts certain of its operations and the fact that more than 65% of the Company’s assets are based outside of the U.S. The increase of $82,431 in foreign currency translation adjustments at July 2, 2011 compared to July 3, 2010 reflects the increase in the strength of certain foreign currencies (principally the Euro, Canadian Dollar, Korean Won, Brazilian Real and Mexican Peso) relative to the U.S. dollar.