Derivative Instruments (Tables)

6 Months Ended

Jun. 28, 2014

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						Six Months Ended
	June 28,			June 29,			June 28,			June 29,
	2014			2013			2014			2013
Change in gains (losses) from foreign exchange derivatives	$	516		$	(862	)	$	541		$	719
Gain (loss) on net foreign currency assets		(473	)		400			(790	)		(1,279	)
Foreign exchange gain (loss)	$	43		$	(462	)	$	(249	)	$	(560	)

	As of
	June 28, 2014		December 31, 2013
Notional balance of outstanding contracts:
Pound/US dollar	£	835	£	0
Euro/US dollar	€	36,600	€	41,021
Net fair value of outstanding contracts	$	70	$	33

Financial Information Related to Cash Flow Hedges

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

	As of
	June 28, 2014		June 29, 2013
Unrealized gains on hedging transactions:
Gross	$	1,779	$	1,760
Income tax expense		390		408
Net	$	1,389	$	1,352

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
	June 28, 2014			December 31, 2013
Notional balance of outstanding contracts versus the dollar	€	91,463		€	85,627
Hedge effectiveness		100	%		100	%

	Three Months Ended						Six Months Ended
	June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
Net losses included in net sales	$	(957	)	$	(900	)	$	(1,928	)	$	(1,947	)

Forward Contract Amounts Recorded in Consolidated Balance Sheet

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

	As of
	June 28, 2014		December 31, 2013
Assets:
Prepaid expenses and other current assets	$	401	$	0
Total	$	401	$	0
Liabilities:
Accrued liabilities	$	0	$	2,743
Total	$	0	$	2,743

Forward interest rate swap contracts [Member]

Forward Interest Rate Swaps Amounts Recognized ast their Fair Value Through Statement of Earnings in Other Income Expense

These forward interest rate swaps did not qualify for hedge accounting as of June 28, 2014, and as such, were recognized at their fair value through the Statement of earnings in other income (expense).

	Three Months Ended					Six Months Ended
	June 28,			June 29,		June 28,			June 29,
	2014			2013		2014			2013
Loss on forward interest-rate swaps	$	(2,433	)	$	0	$	(2,433	)	$	0

	As of
	June 28, 2014		December 31, 2013
Liabilities:
Other long-term liabilities	$	2,433	$	0
Total	$	2,433	$	0