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Derivatives (Tables)
 9 Months Ended
Sep. 27, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair value of derivative instruments
The following table summarizes the fair values of the Company's derivative instruments designated and not designated as hedging instruments, the notional values of the associated derivative contracts, and the location of these instruments in the condensed consolidated balance sheet:
 
 
 
 
September 27, 2014
 
December 28, 2013
 
 
Balance Sheet Location
 
Asset (Liability) (a)
 
Notional Amount (b)
 
Asset (Liability) (a)
 
Notional Amount
(In thousands)
 
 
 
 
 
Derivatives Designated as Hedging Instruments:
 
 
 
 
 
 
 
 
 
 
Derivatives in an Asset Position:
 
 
 
 
 
 
 
 
 
 
Forward currency-exchange contracts
 
Other Long-Term Assets
 
$
169

 
$
17,811

 
$
—

 
$
—

Derivatives in a Liability Position:
 
 
 
 
 
 
 
 
 
 
Forward currency-exchange contracts
 
Other Current Liabilities
 
$
—

 
$
—

 
$
(22
)
 
$
1,340

Interest rate swap agreement
 
Other Long-Term Liabilities
 
$
(532
)
 
$
6,000

 
$
(773
)
 
$
6,375

 
 
 
 
 
 
 
 
 
 
 
Derivatives Not Designated as Hedging Instruments:
 
 
 
 

 
 

 
 

 
 

Derivatives in an Asset Position:
 
 
 
 

 
 

 
 

 
 

Forward currency-exchange contracts
 
Other Current Assets
 
$
—

 
$
—

 
$
97

 
$
1,419

Derivatives in a Liability Position:
 
 
 
 

 
 

 
 

 
 

Forward currency-exchange contracts
 
Other Current Liabilities
 
$
(2
)
 
$
716

 
$
(1
)
 
$
288


(a)
See Note 11 for the fair value measurements related to these financial instruments.
(b)
The total notional amount is indicative of the level of the Company's derivative activity during the first nine months of 2014.
Activity in accumulated other comprehensive items (OCI)
The following table summarizes the activity in accumulated other comprehensive items (OCI) associated with the Company's derivative instruments designated as cash flow hedges as of and for the period ended September 27, 2014:
(In thousands)
 
Interest Rate Swap
Agreement
 
Forward Currency-
Exchange
Contracts
 
Total
Unrealized loss, net of tax, at December 28, 2013
 
$
(618
)
 
$
(15
)
 
$
(633
)
Loss (gain) reclassified to earnings
 
161

 
(387
)
 
(226
)
(Loss) gain recognized in OCI
 
(6
)
 
159

 
153

Unrealized loss, net of tax, at September 27, 2014
 
$
(463
)
 
$
(243
)
 
$
(706
)