Financial instruments (Tables)

9 Months Ended

Sep. 28, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Values of Derivative Instruments Designated as Hedging Instruments

The following table presents the location and fair values of derivative instruments designated as hedging instruments in the condensed consolidated balance sheet as of September 28, 2014 and December 31, 2013:

	September 28, 2014		December 31, 2013
	Fair Value		Fair Value
	(Dollars in thousands)
Asset derivatives:
Foreign currency forward contracts:
Prepaid expenses and other current assets	$	959	$	—
Total asset derivatives	$	959	$	—
Liability derivatives:
Foreign currency forward contracts:
Other current liabilities	$	471	$	—
Total liability derivatives	$	471	$	—

After Tax Gain/(Loss) Recognized in OCI

The following table provides information as to the gains and losses attributable to derivatives in cash flow hedging relationships that were reported in other comprehensive income (“OCI”) for the three and nine months ended September 28, 2014 and September 29, 2013:

	After Tax Gain/(Loss) Recognized in OCI
	Three Months Ended					Nine Months Ended
	September 28, 2014		September 29, 2013			September 28, 2014		September 29, 2013
	(Dollars in thousands)
Foreign currency forward contracts	$	60	$	(40	)	$	203	$	(52	)
Total	$	60	$	(40	)	$	203	$	(52	)

Aggregate Accounts Receivable, Net of Allowance for Doubtful Accounts

The aggregate net current and long-term accounts receivable for Spain, Italy, Greece and Portugal as a percentage of the Company’s net current and long-term accounts receivable at September 28, 2014 and December 31, 2013 are as follows:

	September 28, 2014			December 31, 2013
	(Dollars in thousands)
Current and long-term accounts receivable (net of allowances of $8.9 million and $7.9 million at September 28, 2014 and December 31, 2013, respectively) in Spain, Italy, Greece and Portugal (1)	$	87,733		$	97,852
Percentage of total net current and long-term accounts receivable	29.4		%	31.0		%

(1)The long-term portion of accounts receivable, net at September 28, 2014 and December 31, 2013 was $15.5 million and $17.6 million, respectively.