| Components of Other Comprehensive Loss |
The components of other
comprehensive loss for the three months ended September 28,
2013 are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
As of
June 29,
2013 |
|
|
Gain (Loss)
recognized in
OCI |
|
|
Gain (Loss)
reclassified from
AOCI to income |
|
|
Three Months
ended September 28,
2013 |
|
|
As of
September 28, 2013 |
|
|
Unrealized gains (losses)
on hedging transactions:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross
|
|
$ |
(821 |
) |
|
$ |
(563 |
) |
|
$ |
(749 |
) (1) |
|
$ |
(1,312 |
) |
|
$ |
(2,133 |
) |
|
Income tax
(benefit)
|
|
|
(191 |
) |
|
|
(118 |
) |
|
|
(187 |
) |
|
|
(305 |
) |
|
|
(496 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
|
|
|
(630 |
) |
|
|
(445 |
) |
|
|
(562 |
) |
|
|
(1,007 |
) |
|
|
(1,637 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized gains (losses)
on investments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross
|
|
|
(844 |
) |
|
|
518 |
|
|
|
106 |
(2) |
|
|
624 |
|
|
|
(220 |
) |
|
Income tax
(benefit)
|
|
|
(283 |
) |
|
|
157 |
|
|
|
34 |
|
|
|
191 |
|
|
|
(92 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
|
|
|
(561 |
) |
|
|
361 |
|
|
|
72 |
|
|
|
433 |
|
|
|
(128 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency
translation adjustments
|
|
|
(8,404 |
) |
|
|
182 |
|
|
|
0 |
(3) |
|
|
182 |
|
|
|
(8,222 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total accumulated other
comprehensive gains (losses)
|
|
$ |
(9,595 |
) |
|
$ |
98 |
|
|
$ |
(490 |
) |
|
$ |
(392 |
) |
|
$ |
(9,987 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
As of
June 30,
2012 |
|
|
Gain (Loss)
recognized in
OCI |
|
|
Gain (Loss)
reclassified from
AOCI to income |
|
|
Three Months
ended September 29,
2012 |
|
|
As of
September 29, 2012 |
|
|
Unrealized gains (losses)
on hedging transactions:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross
|
|
$ |
4,017 |
|
|
$ |
(6,997 |
) |
|
$ |
1,736 |
(1) |
|
$ |
(5,261 |
) |
|
$ |
(1,244 |
) |
|
Income tax
(benefit)
|
|
|
1,004 |
|
|
|
(1,749 |
) |
|
|
434 |
|
|
|
(1,315 |
) |
|
|
(311 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
|
|
|
3,013 |
|
|
|
(5,248 |
) |
|
|
1,302 |
|
|
|
(3,946 |
) |
|
|
(933 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized gains (losses)
on investments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross
|
|
|
0 |
|
|
|
484 |
|
|
|
74 |
(2) |
|
|
558 |
|
|
|
558 |
|
|
Income tax
(benefit)
|
|
|
(15 |
) |
|
|
138 |
|
|
|
28 |
|
|
|
166 |
|
|
|
151 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
|
|
|
15 |
|
|
|
346 |
|
|
|
46 |
|
|
|
392 |
|
|
|
407 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency
translation adjustments
|
|
|
(8,775 |
) |
|
|
91 |
|
|
|
(79 |
) (3) |
|
|
12 |
|
|
|
(8,763 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total accumulated other
comprehensive gains (losses)
|
|
$ |
(5,747 |
) |
|
$ |
(4,811 |
) |
|
$ |
1,269 |
|
|
$ |
(3,542 |
) |
|
$ |
(9,289 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
Transfer of unrealized
gains and (losses) from AOCI to income on hedging transactions are
included in net sales of tangible products. |
| (2) |
Transfer of unrealized
gains and (losses) from AOCI to income on investments are included
in investment income. |
| (3) |
Transfer of foreign
currency translation gains and (losses) from AOCI to income, are
included in foreign exchange. |
The components of other
comprehensive loss for the nine months ended September 28,
2013 are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
As of
December 31,
2012 |
|
|
Gain (Loss)
recognized in
OCI |
|
|
Gain (Loss)
reclassified from
AOCI to income |
|
|
Nine Months
ended September 28,
2013 |
|
|
As of
September 28, 2013 |
|
|
Unrealized gains (losses)
on hedging transactions:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross
|
|
$ |
(2,581 |
) |
|
$ |
3,096 |
|
|
$ |
(2,648 |
) (1) |
|
$ |
448 |
|
|
$ |
(2,133 |
) |
|
Income tax
(benefit)
|
|
|
(599 |
) |
|
|
765 |
|
|
|
(662 |
) |
|
|
103 |
|
|
|
(496 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
|
|
|
(1,982 |
) |
|
|
2,331 |
|
|
|
(1,986 |
) |
|
|
345 |
|
|
|
(1,637 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized gains (losses)
on investments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross
|
|
|
540 |
|
|
|
(1,140 |
) |
|
|
380 |
(2) |
|
|
(760 |
) |
|
|
(220 |
) |
|
Income tax
(benefit)
|
|
|
162 |
|
|
|
(373 |
) |
|
|
119 |
|
|
|
(254 |
) |
|
|
(92 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
|
|
|
378 |
|
|
|
(767 |
) |
|
|
261 |
|
|
|
(506 |
) |
|
|
(128 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency
translation adjustments
|
|
|
(8,721 |
) |
|
|
390 |
|
|
|
109 |
(3) |
|
|
499 |
|
|
|
(8,222 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total accumulated other
comprehensive gains (losses)
|
|
$ |
(10,325 |
) |
|
$ |
1,954 |
|
|
$ |
(1,616 |
) |
|
$ |
338 |
|
|
$ |
(9,987 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
As of
December 31,
2011 |
|
|
Gain (Loss)
recognized in
OCI |
|
|
Gain (Loss)
reclassified from
AOCI to income |
|
|
Nine Months
ended September 29,
2012 |
|
|
As of
September 29, 2012 |
|
|
Unrealized gains (losses)
on hedging transactions:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross
|
|
$ |
7,355 |
|
|
$ |
(12,971 |
) |
|
$ |
4,372 |
(1) |
|
$ |
(8,599 |
) |
|
$ |
(1,244 |
) |
|
Income tax
(benefit)
|
|
|
2,096 |
|
|
|
(3,500 |
) |
|
|
1,093 |
|
|
|
(2,407 |
) |
|
|
(311 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
|
|
|
5,259 |
|
|
|
(9,471 |
) |
|
|
3,279 |
|
|
|
(6,192 |
) |
|
|
(933 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized gains (losses)
on investments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross
|
|
|
(797 |
) |
|
|
1,131 |
|
|
|
224 |
(2) |
|
|
1,355 |
|
|
|
558 |
|
|
Income tax
(benefit)
|
|
|
(287 |
) |
|
|
353 |
|
|
|
85 |
|
|
|
438 |
|
|
|
151 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
|
|
|
(510 |
) |
|
|
778 |
|
|
|
139 |
|
|
|
917 |
|
|
|
407 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency
translation adjustments
|
|
|
(8,961 |
) |
|
|
277 |
|
|
|
(79 |
) (3) |
|
|
198 |
|
|
|
(8,763 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total accumulated other
comprehensive gains (losses)
|
|
$ |
(4,212 |
) |
|
$ |
(8,416 |
) |
|
$ |
3,339 |
|
|
$ |
(5,077 |
) |
|
$ |
(9,289 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
Transfer of unrealized
gains and (losses) from AOCI to income on hedging transactions are
included in net sales of tangible products. |
| (2) |
Transfer of unrealized
gains and (losses) from AOCI to income on investments are included
in investment income. |
| (3) |
Transfer of foreign
currency translation gains and (losses) from AOCI to income, are
included in foreign exchange. |
|