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Derivatives (Tables)
12 Months Ended
Dec. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Instruments
The following table summarizes the fair value of the Company's derivative instruments designated and not designated as hedging instruments, the notional amount of the associated derivative contracts, and the location of these instruments in the accompanying consolidated balance sheet:
 
 
 
 
December 30, 2017
 
December 31, 2016
(In thousands)
 
Balance Sheet
Location
 
Asset
(Liability) (a)
 
Notional
Amount (b)
 
Asset
(Liability) (a)
 
Notional
Amount
Derivatives Designated as Hedging Instruments:
 
 
 
 
 
 
 
 
 
 
Derivatives in an Asset Position:
 
 
 
 
 
 
 
 
 
 
Interest rate swap agreement
 
Other Long-Term
Assets
 
$
126

 
$
10,000

 
$
62

 
$
10,000

Derivatives in a Liability Position:
 
 
 
 

 
 

 
 

 
 

Forward currency-exchange contracts
 
Other Current
Liabilities
 
$

 
$

 
$
(41
)
 
$
2,380

Derivatives Not Designated as Hedging Instruments:
 
 
 
 

 
 

 
 

 
 

Derivatives in an Asset Position:
 
 
 
 

 
 

 
 

 
 

Forward currency-exchange contracts
 
Other Current
Assets
 
$
17

 
$
1,244

 
$
2

 
$
227

Derivatives in a Liability Position:
 
 
 
 

 
 

 
 

 
 

Forward currency-exchange contracts
 
Other Current
Liabilities
 
$
(16
)
 
$
2,049

 
$
(237
)
 
$
17,185


(a)
See Note 10 for the fair value measurements relating to these financial instruments.
(b)
The total notional amount is indicative of the level of the Company's derivative activity during 2017, except for the purchase of forward currency-exchange contracts entered into in the second quarter of 2017 in anticipation of consideration paid for the acquisition of NII FPG.

Activity in Accumulated Other Comprehensive Items (OCI)
The following table summarizes the activity in AOCI associated with the Company's derivative instruments designated as cash flow hedges as of and for the period ended December 30, 2017:
(In thousands)
 
Interest Rate Swap
Agreements
 
Forward Currency-
Exchange Contracts
 
Total
Unrealized Gain (Loss), Net of Tax, at December 31, 2016
 
$
40

 
$
(28
)
 
$
12

     Loss reclassified to earnings (a)
 
20

 
64

 
84

     Gain (loss) recognized in AOCI
 
19

 
(36
)
 
(17
)
Unrealized Gain, Net of Tax, at December 30, 2017
 
$
79

 
$

 
$
79


(a)
See Note 13 for the income statement classification.