Derivative and Hedging Activities (Tables)

9 Months Ended

Oct. 02, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments gain and losses by Statement of Operations locations

The locations and amounts of designated and non-designated derivative instruments’ gains and losses reported in the Company’s Condensed Consolidated Statements of Operations were as follows (in thousands):

		Three months ended						Nine months ended
	Financial Statement Location	October 2, 2015			September 26, 2014			October 2, 2015			September 26, 2014
Derivatives designated as hedging instruments:
Losses in AOCI on derivatives (effective portion)	AOCI	$	(550	)	$	—		$	(218	)	$	—
Gains reclassified from AOCI into income (effective portion)	Cost of Revenue	$	18		$	—		$	44		$	—
	Operating Expense	109			—			270			—
	Total	$	127		$	—		$	314		$	—
Loss recognized in income on derivatives (ineffectiveness portion and amount excluded from effectiveness testing)	Other income (expense), net	$	(5	)	$	—		$	(57	)	$	—
Derivatives not designated as hedging instruments:
Gains (losses) recognized in income	Other income (expense), net	$	(165	)	$	(95	)	$	220		$	(201	)

Schedule of Notional Amounts of Outstanding Derivative Positions

The U.S. dollar equivalents of all outstanding notional amounts of foreign currency forward contracts are summarized as follows (in thousands):

	October 2, 2015		December 31, 2014
Derivatives designated as cash flow hedges:
Purchase	$	14,280	$	16,903
Derivatives not designated as hedging instruments:
Purchase	$	8,244	$	1,043
Sell	$	7,827	$	4,925

Schedule of Derivatives Instruments Balance Sheet Location

The locations and fair value amounts of the Company’s derivative instruments reported in its Condensed Consolidated Balance Sheets are as follows (in thousands):

		Asset Derivatives					Derivative Liabilities
	Balance Sheet Location	October 2, 2015		December 31, 2014		Balance Sheet Location	October 2, 2015		December 31, 2014
Derivatives designated as hedging instruments:
Foreign currency contracts	Prepaid expenses and other current assets	$	60	$	329	Accrued Liabilities	$	291	$	—
		$	60	$	329		$	291	$	—
Derivatives not designated as hedging instruments:
Foreign currency contracts	Prepaid expenses and other current assets	$	117	$	12	Accrued Liabilities	$	35	$	7
		$	117	$	12		$	35	$	7
Total derivatives		$	177	$	341		$	326	$	7

Changes in fair values of non-designated foreign currency forward contracts

As of October 2, 2015, information related to the offsetting arrangements was as follows (in thousands):

						Gross Amounts of Derivatives Not Offset in the Condensed Consolidated Balance Sheets
	Gross Amounts of Derivatives		Gross Amounts of Derivatives Offset in the Condensed Consolidated Balance Sheets	Net Amounts of Derivatives Presented in the Condensed Consolidated Balance Sheets		Financial Instrument			Cash Collateral Pledged	Net Amount
Derivative Assets	$	177	—	$	177	$	(169	)	—	$	8
Derivative Liabilities	$	326	—	$	326	$	(169	)	—	$	157