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Derivative Instruments (Tables) | 9 Months Ended
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Oct. 03, 2015
Financial Information Related to Hedging of Net Assets Included in Consolidated Statements of Operations | Summary financial information related to these activities included in the Company’s consolidated statements of operations as other (expense) income is as follows (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | October 3, 2015 |  |  | September 27, 2014 |  |  | October 3, 2015 |  |  | September 27, 2014 |
Realized gain (loss) from foreign exchange derivatives |  | $ | 2,863 |  |  | $ | 3,211 |  |  | $ | 6,233 |  |  | $ | 3,752 |
(Loss) gain on net foreign currency assets |  |  | (8,118 | ) |  |  | (3,294 | ) |  |  | (27,427 | ) |  |  | (4,084 | )
Foreign exchange (loss) gain |  | $ | (5,255 | ) |  | $ | (83 | ) |  | $ | (21,194 | ) |  | $ | (332 | )
|  | As of |
|  | October 3, 2015 |  |  | December 31, 2014 |
Notional balance of outstanding contracts (in thousands): |  |  |  |  |  |
British Pound/US dollar |  | £ |  |  | 14,733 |  |  | £ |  |  | 4,574 |
Euro/US dollar |  | € |  |  | 124,802 |  |  | € |  |  | 40,218 |
British Pound/Euro |  | £ |  |  | 863 |  |  | £ |  |  | 0 |
Canadian Dollar/US dollar |  | $ |  |  | 3,434 |  |  | $ |  |  | 0 |
Czech Koruna /US dollar |  | Kč |  |  | 316,521 |  |  | Kč |  |  | 0 |
Brazilian Real /US dollar |  | R$ |  |  | 19,462 |  |  | R$ |  |  | 0 |
Malaysian Ringgit /US dollar |  | RM |  |  | 14,714 |  |  | R$ |  |  | 0 |
Net fair value of outstanding contracts |  | $ |  |  | 633 |  |  | $ |  |  | 250 |
Financial Information Related to Cash Flow Hedges | Summary financial information related to the cash flow hedges within comprehensive income is as follows (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | October 3, 2015 |  |  | September 27, 2014 |  |  | October 3, 2015 |  |  | September 27, 2014 |
Change in unrealized (loss) gain on anticipated sales hedging: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross |  | $ | (3,514 | ) |  | $ | 6,417 |  |  | $ | (7,204 | ) |  | $ | 8,196 |
Income tax (benefit) expense |  |  | (703 | ) |  |  | 1,284 |  |  |  | (1,441 | ) |  |  | 1,674 |
Net |  | $ | (2,811 | ) |  | $ | 5,133 |  |  | $ | (5,763 | ) |  | $ | 6,522 |
Financial Information Related to Cash Flow Hedges of Future Revenues | Summary financial information related to the cash flow hedges of future revenues is as follows (in thousands, except percentages):
|  | As of |
|  | October 3, 2015 |  |  | December 31, 2014 |
Notional balance of outstanding contracts versus the dollar |  | € | 104,727 |  |  | € | 88,969 |
Hedge effectiveness |  |  | 100 | % |  |  | 100 | %
|  | Three Months Ended |  |  | Nine Months Ended |
|  | October 3, 2015 |  |  | September 27, 2014 |  |  | October 3, 2015 |  |  | September 27, 2014 |
Net gain (loss) included in revenue |  | $ | 2,040 |  |  | $ | 421 |  |  | $ | 13,308 |  |  | $ | (1,507 | )
Forward Contract Amounts Recorded in Consolidated Balance Sheet | The amounts recorded on the consolidated balance sheets are as follows (in thousands):
|  | As of |
|  | October 3, 2015 |  |  | December 31, 2014 |
Assets: |  |  |  |  |  |  |  |
Prepaid expenses and other current assets |  | $ | 3,831 |  |  | $ | 9,318 |
Total |  | $ | 3,831 |  |  | $ | 9,318 |
Schedule of Gross and Net Amount Offset | The gross and net amounts offset at October 3, 2015 were as follows (in thousands):
|  | Gross Fair Value |  |  | Counterparty Offsetting |  |  | Net Fair Value in the Consolidated Balance Sheets |
Counterparty A |  | $ | 14,950 |  |  | $ | 8,416 |  |  | $ | 6,534 |
Counterparty B |  |  | 5,209 |  |  |  | 2,013 |  |  |  | 3,196 |
Counterparty C |  |  | 5,213 |  |  |  | 2,021 |  |  |  | 3,192 |
Counterparty D |  |  | 10,498 |  |  |  | 4,244 |  |  |  | 6,254 |
Counterparty E |  |  | 5,169 |  |  |  | 2,002 |  |  |  | 3,167 |
Counterparty F |  |  | 5,213 |  |  |  | 2,035 |  |  |  | 3,178 |
Counterparty G |  |  | 6,380 |  |  |  | 0 |  |  |  | 6,380 |
Total |  | $ | 52,632 |  |  | $ | 20,731 |  |  | $ | 31,901 |
Schedule of Series of Forward Starting Swaps Each with a Term of One Year | The New Swaps have the following notional amounts per year (in thousands):
Year 2015 |  | $ | 1,010,000 |
Year 2016 |  |  | 697,000 |
Year 2017 |  |  | 544,000 |
Year 2018 |  |  | 544,000 |
Year 2019 |  |  | 272,000 |
Year 2020 |  |  | 272,000 |
Notional balance of outstanding contracts |  | $ | 3,339,000 |
Forward Interest Rate Swap [Member] |
Forward Contract Amounts Recorded in Consolidated Balance Sheet | The balance sheet position of the forward interest rate swaps designated in a hedge relationship is as follows (in thousands):
|  | As of |
|  | October 3, 2015 |  |  | December 31, 2014 |
Accrued liabilities |  | $ | 633 |  |  | $ | 0 |
Other long-term liabilities |  |  | 20,098 |  |  |  | 2,170 |
Hedge effectiveness |  |  | 100 | % |  |  | 100 | %
Schedule of Volume of New Swaps Designated in Hedge Relationship | The volume of the New Swaps designated in a hedge relationship is as follows (in thousands):
|  | As of |
|  | October 3, 2015 |  |  | December 31, 2014 |
Notional balance of outstanding contracts |  | $ | 3,339,000 |  |  | $ | 3,339,000 |
Schedule of Gain (Loss) Recognized on Forward Interest Rate Swaps Not Designated in Hedge Relationship | The gain (loss) recognized on the forward interest rate swaps not designated in a hedge relationship is as follows (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | October 3, 2015 |  |  | September 27, 2014 |  |  | October 3, 2015 |  |  | September 27, 2014 |
Interest income/(expense) on forward interest-rate swaps |  | $ | 3,361 |  |  | $ | 185 |  |  | $ | 3,397 |  |  | $ | (2,248 | )
Schedule of Loss Recognized in Other Comprehensive Unrealized Loss on Forward Interest Rate Swaps Designated in Hedging Relationship | The loss recognized in other comprehensive unrealized loss on the forward interest rate swaps designated in a hedging relationship is as follows (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | October 3, 2015 |  |  | September 27, 2014 |  |  | October 3, 2015 |  |  | September 27, 2014 |
Change in unrealized (losses) gains on forward interest rate swap hedging: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross |  | $ | (10,754 | ) |  | $ | (1,224 | ) |  | $ | (17,373 | ) |  | $ | (1,224 | )
Income tax (benefit) expense |  |  | (4,194 | ) |  |  | (443 | ) |  |  | (6,926 | ) |  |  | (443 | )
Net |  | $ | (6,560 | ) |  | $ | (781 | ) |  | $ | (10,447 | ) |  | $ | (781 | )

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