Derivative Instruments (Tables)

9 Months Ended

Oct. 01, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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



	October 1, 2017			December 31, 2016
Currency	Notional Value	USD Equivalent		Notional Value	USD Equivalent
Derivatives Designated as Hedging Instruments:
Japanese Yen	—	$	—	342,500	$	2,960
Hungarian Forint	—	—		39,000	130
Singapore Dollar	—	—		150	97
Derivatives Not Designated as Hedging Instruments:
Japanese Yen	500,000	$	4,440	650,000	$	5,554
British Pound	1,720	2,294		1,350	1,658
Hungarian Forint	530,000	2,014		425,000	1,448
Korean Won	1,325,000	1,154		1,750,000	1,450
Singapore Dollar	—	—		1,350	929
Taiwanese Dollar	34,640	1,139		26,000	802
Swiss Franc	1,025	1,059		—	—

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 1, 2017		December 31, 2016		Sheet Location	October 1, 2017		December 31, 2016
Derivatives Designated as Hedging Instruments:
Cash flow hedge forward contracts	Prepaid expenses and other current assets	$	—	$	43	Accrued expenses	$	—	$	—
Derivatives Not Designated as Hedging Instruments:
Economic hedge forward contracts	Prepaid expenses and other current assets	$	13	$	1	Accrued expenses	$	13	$	11

Offsetting Assets

The following table presents 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 1, 2017		December 31, 2016				October 1, 2017		December 31, 2016
Gross amounts of recognized assets	$	13	$	117		Gross amounts of recognized liabilities	$	13	$	11
Gross amounts offset	—		(73		)	Gross amounts offset	—		—
Net amount of assets presented	$	13	$	44		Net amount of liabilities presented	$	13	$	11

Derivative Instruments, Gain (Loss)

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



	Location in Financial Statements	Three-months Ended					Nine-months Ended
	Location in Financial Statements	October 1, 2017		October 2, 2016			October 1, 2017		October 2, 2016
Derivatives Designated as Hedging Instruments:
Gains (losses) recorded in shareholders' equity (effective portion)	Accumulated other comprehensive income (loss), net of tax	$	—	$	(332	)	$	—	$	(332	)
Gains (losses) reclassified from accumulated other comprehensive income (loss) into current operations (effective portion)	Revenue	$	56	$	(250	)	$	10	$	(453	)
	Research, development, and engineering expenses	—		1			3		5
	Selling, general, and administrative expenses	—		8			8		21
	Total gains (losses) reclassified from accumulated other comprehensive income (loss) into current operations	$	56	$	(241	)	$	21	$	(427	)
Derivatives Not Designated as Hedging Instruments:
Gains (losses) recognized in current operations	Foreign currency gain (loss)	$	43	$	(24	)	$	139	$	(1,089	)

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, 2016	$	37
Net unrealized loss on cash flow hedges	(16		)
Reclassification of net realized gain on cash flow hedges into current operations	(21		)
Balance as of October 1, 2017	$	—