XML 44 R29.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Fair Value Measurements (Tables) | 3 Months Ended
--- | ---
Apr. 04, 2015
Fair Value Disclosures [Abstract] |
Financial Assets and Liabilities Carried at Fair Value | Financial assets and liabilities carried at fair value as of April 4, 2015, are classified below (in thousands):
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward contracts (1) |  | $ | 3,794 |  |  | $ | 10,280 |  |  | $ | 0 |  |  | $ | 14,074 |
Money market investments related to the deferred compensation plan |  |  | 7,254 |  |  |  | 0 |  |  |  | 0 |  |  |  | 7,254 |
Total assets at fair value |  | $ | 11,048 |  |  | $ | 10,280 |  |  | $ | 0 |  |  | $ | 21,328 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward interest rate swap contracts (2) |  | $ | 0 |  |  | $ | 26,762 |  |  | $ | 0 |  |  | $ | 26,762 |
Liabilities related to the deferred compensation plan |  |  | 7,254 |  |  |  | 0 |  |  |  | 0 |  |  |  | 7,254 |
Total liabilities at fair value |  | $ | 7,254 |  |  | $ | 26,762 |  |  | $ | 0 |  |  | $ | 34,016 |
Financial assets and liabilities carried at fair value as of December 31, 2014, are classified below (in thousands):
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government and agency securities |  | $ | 10,720 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 10,720 |
Obligations of government-sponsored enterprises (3) |  |  | 0 |  |  |  | 705 |  |  |  | 0 |  |  |  | 705 |
State and municipal bonds |  |  | 0 |  |  |  | 5,179 |  |  |  | 0 |  |  |  | 5,179 |
Corporate securities |  |  | 0 |  |  |  | 7,781 |  |  |  | 0 |  |  |  | 7,781 |
Investments subtotal |  |  | 10,720 |  |  |  | 13,665 |  |  |  | 0 |  |  |  | 24,385 |
Forward contracts (1) |  |  | 2,039 |  |  |  | 7,279 |  |  |  | 0 |  |  |  | 9,318 |
Money market investments related to the deferred compensation plan |  |  | 6,008 |  |  |  | 0 |  |  |  | 0 |  |  |  | 6,008 |
Total assets at fair value |  | $ | 18,767 |  |  | $ | 20,944 |  |  | $ | 0 |  |  | $ | 39,711 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward interest rate swap contracts (2) |  | $ | 0 |  |  | $ | 16,718 |  |  | $ | 0 |  |  | $ | 16,718 |
Liabilities related to the deferred compensation plan |  |  | 6,008 |  |  |  | 0 |  |  |  | 0 |  |  |  | 6,008 |
Total liabilities at fair value |  | $ | 6,008 |  |  | $ | 16,718 |  |  | $ | 0 |  |  | $ | 22,726 |
1) | The fair value of forward contracts is calculated as follows:
| a. | Fair value of a collar or put option contract associated with forecasted sales hedges is calculated using bid and ask rates for similar contracts.
| b. | Fair value of regular forward contracts associated with forecasted sales hedges is calculated using the period-end exchange rate adjusted for current forward points.
| c. | Fair value of balance sheet hedges is calculated at the period end exchange rate adjusted for current forward points unless the hedge has been traded but not settled at period end. If this is the case, the fair value is calculated at the rate at which the hedge is being settled.
2) | The fair value of forward interest rate swap contracts is based upon a valuation model that uses relevant observable market inputs at quoted intervals, such as forward yield curves, and is adjusted for Zebra’s own credit risk and the interest rate swap terms.
3) | Includes investments in notes issued by the Federal Home Loan Mortgage Corporation and the Federal Home Loan Bank.
Summary of Investments | The following is a summary of investments (in thousands):
|  | As of December 31, 2014 |
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Estimated Fair Value |
U.S. government and agency securities |  | $ | 10,720 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 10,720 |
Obligations of government-sponsored enterprises |  |  | 705 |  |  |  | 0 |  |  |  | 0 |  |  |  | 705 |
State and municipal bonds |  |  | 5,156 |  |  |  | 27 |  |  |  | (4 | ) |  |  | 5,179 |
Corporate securities |  |  | 7,779 |  |  |  | 12 |  |  |  | (10 | ) |  |  | 7,781 |
Total investments |  | $ | 24,360 |  |  | $ | 39 |  |  | $ | (14 | ) |  | $ | 24,385 |

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13433-108611 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13476-108611 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of unrealized gains and losses on investments. + References No definition available. + Details
Name: | us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration