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Other Comprehensive Income (Tables)
 3 Months Ended
Apr. 04, 2015
Equity [Abstract]  
Components of Other Comprehensive Income

The components of other comprehensive income are as follows (in thousands):

 

2015   As of
December 31,
2014		     Gain (Loss)
recognized in
OCI		     Gain (Loss)
reclassified from
AOCI to income		     Three Months
ended April 4,
2015		     As of
April 4, 2015		  

Unrealized gains (losses) on anticipated sales hedging transactions:

          

Gross

   $ 6,658      $ (4,323 )    $ 6,435 (1)      2,112      $ 8,770   

Income tax (benefit)

     1,332        (865 )      1,287        422        1,754   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net

   5,326      (3,458 )    5,148      1,690      7,016   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Unrealized gains (losses) on forward interest rate swaps hedging transactions:

Gross

   (12,069 )    (11,734 )    0 (2)    (11,734 )    (23,803 ) 

Income tax (benefit)

   (4,370 )    (4,683 )    0      (4,683 )    (9,053 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net

   (7,699 )    (7,051 )    0      (7,051 )    (14,750 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Unrealized gains (losses) on investments:

Gross

   102      0      (25 )(3)    (25 )    77   

Income tax (benefit)

   (245 )    0      (9 )    (9 )    (254 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net

   347      0      (16 )    (16 )    331   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Foreign currency translation adjustment

   (6,521 )    (1,712 )    0 (4)    (1,712 )    (8,233 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total accumulated other comprehensive gains (losses)

 $ (8,547 )  $ (12,221 )  $ 5,132    $ (7,089 )  $ (15,636 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

2014   As of
December 31,
2013		     Gain (Loss)
recognized in
OCI		     Gain (Loss)
reclassified from
AOCI to income		     Three Months
ended March 29,
2014		     As of
March 29, 2014		  

Unrealized gains (losses) on anticipated sales hedging transactions:

          

Gross

   $ (2,373 )    $ 1,771      $ (991 )(1)    $ 780      $ (1,593 ) 

Income tax (benefit)

     (509 )      380        (213 )      167        (342 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net

   (1,864 )    1,391      (778 )    613      (1,251 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Unrealized gains (losses) on investments:

Gross

   (151 )    121      81 (3)    202      51   

Income tax (benefit)

   (73 )    29      25      54      (19 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net

   (78 )    92      56      148      70   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Foreign currency translation adjustment

   (7,839 )    (160 )    (7 )(4)    (167 )    (8,006 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total accumulated other comprehensive gains (losses)

 $ (9,781 )  $ 1,323    $ (729 )  $ 594    $ (9,187 ) 
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(1) Transfer of unrealized gains and (losses) from AOCI to income on anticipated sales hedging transactions are included in net sales of tangible products.
(2) Transfer from AOCI to income and (losses) on forward interest rate swap hedging transactions are reported in forward swaps gain.
(3) Transfer of unrealized gains and (losses) from AOCI to income on investments are included in investment income.
(4) Transfer of foreign currency translation gains and (losses) from AOCI to income, are included in foreign exchange loss.