Other Comprehensive (Loss) Income (Tables)

9 Months Ended

Oct. 03, 2015

Equity [Abstract]

Components of Accumulated Other Comprehensive (Loss) Income (AOCI)

The components of accumulated other comprehensive (loss) income (AOCI) for the nine months ended October 3, 2015 and September 27, 2014 are as follows (in thousands):

	Unrealized gain (losses) on sales hedging			Unrealized (losses)/gains on forward interest rate swaps			Unrealized gains (losses) on investments			Cumulative Foreign Currency Translation			Total
Balance at December 31, 2013		(1,864	)		0			(78	)		(7,839	)		(9,781	)
Other comprehensive income/(loss) before reclassifications		6,500			(1,224	)		1,570			(380	)		6,466
Amounts reclassified from AOCI		1,696			0			(517	)		(7	)		1,172
Tax (expense) benefit		(1,674	)		443			(317	)		0			(1,548	)
Other comprehensive income/(loss)		6,522			(781	)		736			(387	)		6,090
Balance at September 27, 2014		4,658			(781	)		658			(8,226	)		(3,691	)
Balance at December 31, 2014		5,326			(7,699	)		347			(6,521	)		(8,547	)
Other comprehensive income/(loss) before reclassifications		6,331			(18,089	)		(2	)		(7,855	)		(19,615	)
Amounts reclassified from AOCI		(13,535	)		716			(25	)		(13,472	)		(26,316	)
Tax benefit (expense)		1,441			6,926			(245	)		0			8,122
Other comprehensive (loss)/income		(5,763	)		(10,447	)		(272	)		(21,327	)		(37,809	)
Balance at October 3, 2015		(437	)		(18,146	)		75			(27,848	)		(46,356	)

Reclassification Out of AOCI to Earnings

Reclassification out of AOCI to earnings during the three and nine months ended October 3, 2015 and September 27, 2014 were as follows (in thousands):

		Three Months Ended						Nine Months Ended
Comprehensive Income Components	Financial Statement Line Item	October 3, 2015			September 27, 2014			October 3, 2015			September 27, 2014
Unrealized (gain) loss on sales hedging:
Total before tax	Net sales of tangible products		(2,267	)		(113	)		(13,535	)		1,696
Tax expense (benefit)			459			24			2,741			(365	)
Net of taxes			(1,808	)		(89	)		(10,794	)		1,331
Unrealized (gain)/loss on forward interest rate swaps:
Total before tax	Interest expense/(income)		716			0			716			0
Tax expense (benefit)			(275	)		0			(275	)		0
Net of taxes			441			0			441			0
Unrealized (gain) loss on investments
Total before tax	Other (expense) income – Other, net		0			(443	)		(25	)		(517	)
Tax expense (benefit)			0			158			9			178
Net of taxes			0			(285	)		(16	)		(339	)
Cumulative Foreign Currency Translation	Foreign exchange income (loss)		936			0			(13,472	)		(7	)
Total amounts reclassified from AOCI			(431	)		(374	)		(23,841	)		985