Other Comprehensive Income (Tables)

9 Months Ended

Sep. 27, 2014

Equity [Abstract]

Components of Other Comprehensive Loss

The components of other comprehensive loss for the three months ended September 27, 2014 are as follows (in thousands):

	As of June 28, 2014			Gain (Loss) recognized in OCI			Gain (Loss) reclassified from AOCI to income			Three Months ended September 27, 2014			As of September 27, 2014
Unrealized gains (losses) on anticipated sales hedging transactions:
Gross	$	(594	)	$	6,304		$	113	(1)	$	6,417		$	5,823
Income tax (benefit)		(119	)		1,260			24			1,284			1,165
Net		(475	)		5,044			89			5,133			4,658
Unrealized gains (losses) forward interest rate swaps hedging transactions:
Gross		0			(1,224	)		0	(2)		(1,224	)		(1,224	)
Income tax (benefit)		0			(443	)		0			(443	)		(443	)
Net		0			(781	)		0			(781	)		(781	)
Unrealized gains (losses) on investments:
Gross		526			(67	)		443	(3)		376			902
Income tax (benefit)		108			(22	)		158			136			244
Net		418			(45	)		285			240			658
Foreign currency translation adjustments		(8,035	)		(191	)		0	(4)		(191	)		(8,226	)
Total accumulated other comprehensive gains (losses)	$	(8,092	)	$	4,027		$	374		$	4,401		$	(3,691	)

	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 anticipated sales 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	(3)		624			(220	)
Income tax (benefit)		(283	)		157			34			191			(92	)
Net		(561	)		361			72			433			(128	)
Foreign currency translation adjustments		(8,404	)		182			0	(4)		182			(8,222	)
Total accumulated other comprehensive gains (losses)	$	(9,595	)	$	98		$	(490	)	$	(392	)	$	(9,987	)

(1) Transfer of unrealized gains and (losses) from AOCI to income on anticipated sales hedging transactions are included in net sales of tangible products.

(2) Transfer from AOCI to income and (losses) on forward interest rate swap hedging transactions are reported in forward swaps gain (loss).

(3) Transfer of unrealized gains and (losses) from AOCI to income on investments are included in investment income.

(4) 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 27, 2014 are as follows (in thousands):

	As of December 31, 2013			Gain (Loss) recognized in OCI			Gain (Loss) reclassified from AOCI to income			Nine Months ended September 27, 2014			As of September 27, 2014
Unrealized gains (losses) on anticipated sales hedging transactions:
Gross	$	(2,373	)	$	9,892		$	(1,696	)(1)	$	8,196		$	5,823
Income tax (benefit)		(509	)		2,039			(365	)		1,674			1,165
Net		(1,864	)		7,853			(1,331	)		6,522			4,658
Unrealized gains (losses) forward interest rate swaps hedging transactions:
Gross		0			(1,224	)		0	(2)		(1,224	)		(1,224	)
Income tax (benefit)		0			(443	)		0			(443	)		(443	)
Net		0			(781	)		0			(781	)		(781	)
Unrealized gains (losses) on investments:
Gross		(151	)		536			517	(3)		1,053			902
Income tax (benefit)		(73	)		139			178			317			244
Net		(78	)		397			339			736			658
Foreign currency translation adjustments		(7,839	)		(380	)		(7	)(4)		(387	)		(8,226	)
Total accumulated other comprehensive gains (losses)	$	(9,781	)	$	7,089		$	(999	)	$	6,090		$	(3,691	)

	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 anticipated sales 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	(3)		(760	)		(220	)
Income tax (benefit)		162			(373	)		119			(254	)		(92	)
Net		378			(767	)		261			(506	)		(128	)
Foreign currency translation adjustments		(8,721	)		390			109	(4)		499			(8,222	)
Total accumulated other comprehensive gains (losses)	$	(10,325	)	$	1,954		$	(1,616	)	$	338		$	(9,987	)

(1) Transfer of unrealized gains and (losses) from AOCI to income on anticipated sales hedging transactions are included in net sales of tangible products.

(2) Transfer from AOCI to income and (losses) on forward interest rate swap hedging transactions are reported in forward swaps gain (loss).

(3) Transfer of unrealized gains and (losses) from AOCI to income on investments are included in investment income.

(4) Transfer of foreign currency translation gains and (losses) from AOCI to income, are included in foreign exchange.