Derivative Instruments (Tables)

3 Months Ended

Mar. 30, 2013

Financial Information Related to Hedging of Net Assets Included in Consolidated Statement of Earnings

Summary financial information related to these activities included in our consolidated statement of earnings as other income (expense) is as follows (in thousands):

	Three Months Ended
	March 30, 2013			March 31, 2012
Change in gains (losses) from foreign exchange derivatives	$	1,581		$	(2,035	)
Gain (loss) on net foreign currency assets		(1,679	)		1,693
Foreign exchange loss	$	(98	)	$	(342	)

	As of
	March 30, 2013		December 31, 2012
Notional balance of outstanding contracts:
Pound/US dollar	£	3,631	£	3,810
Euro/US dollar	€	30,729	€	37,598
Net fair value of outstanding contracts	$	24	$	18

Financial Information Related to Cash Flow Hedges

Summary financial information related to the cash flow hedges is as follows (in thousands):

	As of
	March 30, 2013		March 31, 2012
Unrealized gains (losses) on hedging transactions:
Gross	$	2,270	$	(6,538	)
Income tax expense (benefit)		527		(1,892	)
Net	$	1,743	$	(4,646	)

Financial Information Related to Cash Flow Hedges of Future Revenues

Summary financial information related to the cash flow hedges of future revenues follows (in thousands, except percentages):

	As of
	March 30, 2013			December 31, 2012
Notional balance of outstanding contracts versus the dollar	€	84,845		€	88,680
Hedge effectiveness		100	%		100	%

	Three Months Ended
	March 30, 2013			March 31, 2012
Net gains and (losses) included in revenue	$	(1,046	)	$	1,157

Forward Contract Amounts Recorded in Consolidated Balance Sheet

The amounts recorded on our consolidated balance sheet are as follows (in thousands):

	As of
	March 30, 2013		December 31, 2012
Assets:
Prepaid expenses and other current assets	$	2,578	$	0
Total	$	2,578	$	0
Liabilities:
Accrued liabilities	$	0	$	2,045
Total	$	0	$	2,045