Derivative Instruments (Tables)

9 Months Ended

Oct. 04, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Outstanding Forward Contracts Table

The Company had the following outstanding forward contracts (in thousands):

	October 4, 2015			December 31, 2014
Currency	Notional Value	USD Equivalent		Notional Value	USD Equivalent
Derivatives Designated as Hedging Instruments:
Japanese Yen	1,000,000	$	8,176	1,225,000	$	10,211
United States Dollar	7,870	7,870		—	—
Hungarian Forint	774,000	2,767		803,000	3,099
Singapore Dollar	2,903	2,055		3,515	2,564
Canadian Dollar	140	127		758	688
British Pound	87	121		491	732
Derivatives Not Designated as Hedging Instruments:
Japanese Yen	600,000	$	4,993	345,000	$	2,878
British Pound	1,695	2,562		1,400	2,183
Korean Won	1,440,000	1,206		940,000	858
Singapore Dollar	1,700	1,176		1,225	922
Taiwanese Dollar	31,250	941		28,000	883
Hungarian Forint	220,000	786		410,000	1,569

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

Information regarding the fair value of the outstanding forward contracts was as follows (in thousands):

	Asset Derivatives					Liability Derivatives
	Balance	Fair Value				Balance	Fair Value
	Sheet Location	October 4, 2015		December 31, 2014		Sheet Location	October 4, 2015		December 31, 2014
Derivatives Designated as Hedging Instruments:
Cash flow hedge forward contracts	Prepaid expenses and other current assets	$	82	$	108	Accrued expenses	$	227	$	84
Derivatives Not Designated as Hedging Instruments:
Economic hedge forward contracts	Prepaid expenses and other current assets	$	32	$	5	Accrued expenses	$	—	$	13

Offsetting Assets

The table below details the gross activity for all derivative assets and liabilities which were presented on a net basis on the Consolidated Balance Sheets due to the right of offset with each counterparty (in thousands):

Asset Derivatives							Liability Derivatives
	October 4, 2015			December 31, 2014				October 4, 2015			December 31, 2014
Gross amounts of recognized assets	$	118		$	187		Gross amounts of recognized liabilities	$	347		$	149
Gross amounts offset	(4		)	(74		)	Gross amounts offset	(120		)	(52		)
Net amount of assets presented	$	114		$	113		Net amount of liabilities presented	$	227		$	97

Derivative Instruments, Gain (Loss)

Information regarding the effect of derivative instruments, net of the underlying exposure, on the consolidated financial statements was as follows (in thousands):

	Location in Financial Statements	Three-months Ended						Nine-months Ended
		October 4, 2015			September 28, 2014			October 4, 2015			September 28, 2014
Derivatives Designated as Hedging Instruments:
Gains (losses) recorded in shareholders' equity (effective portion)	Accumulated other comprehensive income (loss), net of tax	$	(122	)	$	32		$	(122	)	$	32
Gains (losses) reclassified from accumulated other comprehensive income (loss) into current operations (effective portion)	Product revenue	$	(125	)	$	(50	)	$	(436	)	$	(33	)
	Research, development, and engineering expenses	(3		)	(15		)	16			(40		)
	Selling, general, and administrative expenses	38			21			151			(28		)
	Total gains (losses) reclassified from accumulated other comprehensive income (loss) into current operations	$	(90	)	$	(44	)	$	(269	)	$	(101	)
Gains (losses) recognized in current operations (ineffective portion and discontinued derivatives)	Foreign currency gain (loss)	$	—		$	—		$	—		$	—
Derivatives Not Designated as Hedging Instruments:
Gains (losses) recognized in current operations	Foreign currency gain (loss)	$	(322	)	$	197		$	20		$	59

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

The following table provides the changes in accumulated other comprehensive income (loss), net of tax, related to derivative instruments (in thousands):

Balance as of December 31, 2014	$	32
Reclassification of net realized loss on cash flow hedges into current operations	269
Net unrealized loss on cash flow hedges	(423		)
Balance as of October 4, 2015	$	(122	)