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Basis of Presentation and Significant Accounting Policies (Tables)

3 Months Ended

Apr. 04, 2015

Fair Value of Assets and Liabilities Measured on a Recurring Basis [Abstract]

Fair Value of Assets and Liabilities Measured on a Recurring Basis

The following table represents the Company's assets and liabilities measured at fair value on a recurring basis at April 4, 2015 (in thousands):

							Quoted Prices
							in Active			Significant
							Markets			Other			Significant
							for Identical			Observable			Unobservable
				Total at			Assets			Inputs			Inputs
				April 4, 2015			(Level 1)			(Level 2)			(Level 3)
Assets:
	U.S. Treasury securities			$	641,693		$	-		$	641,693		$	-
	Foreign government securities				24,994			-			24,994			-
	Corporate debt securities				1,067,736			-			1,067,736			-
	Time deposits				64,265			-			64,265			-
	Equity securities				147			-			147			-
	Other cash equivalents				29,000			-			29,000			-
	Waters 401(k) Restoration Plan assets				35,678			-			35,678			-
	Foreign currency exchange contracts				445			-			445			-
		Total		$	1,863,958		$	-		$	1,863,958		$	-
Liabilities:
	Contingent consideration			$	3,780		$	-		$	-		$	3,780
	Foreign currency exchange contracts				631			-			631			-
		Total		$	4,411		$	-		$	631		$	3,780

The following table represents the Company's assets and liabilities measured at fair value on a recurring basis at December 31, 2014 (in thousands):

							Quoted Prices
							in Active			Significant
							Markets			Other			Significant
				Total at			for Identical			Observable			Unobservable
				December 31,			Assets			Inputs			Inputs
				2014			(Level 1)			(Level 2)			(Level 3)
Assets:
	U.S. Treasury securities			$	626,772		$	-		$	626,772		$	-
	Foreign government securities				24,998			-			24,998			-
	Corporate debt securities				984,105			-			984,105			-
	Time deposits				64,240			-			64,240			-
	Equity securities				147			-			147			-
	Other cash equivalents				29,000			-			29,000			-
	Waters 401(k) Restoration Plan assets				33,935			-			33,935			-
	Foreign currency exchange contracts				123			-			123			-
		Total		$	1,763,320		$	-		$	1,763,320		$	-
Liabilities:
	Contingent consideration			$	3,612		$	-		$	-		$	3,612
	Foreign currency exchange contracts				651			-			651			-
		Total		$	4,263		$	-		$	651		$	3,612

Summary of Derivative Instruments by Risk Exposure [Abstract]

Gains (Losses) on Foreign Currency Exchange Contracts

The following is a summary of the activity in cost of sales in the statements of operations related to the forward foreign exchange contracts (in thousands):

		Three Months Ended
		April 4, 2015			March 29, 2014
Realized losses on closed contracts		$	(3,348)		$	(314)
Unrealized gains (losses) on open contracts			342			(881)
Cumulative net pre-tax losses		$	(3,006)		$	(1,195)

Fair Value of Forward Foreign Exchange Contracts

The Company's foreign currency exchange contracts included in the consolidated balance sheets are classified as follows (in thousands):

			April 4, 2015			December 31, 2014
Other current assets			$	445		$	123
Other current liabilities			$	631		$	651

Warranty Accrual Roll Forward [Abstract]

Warranty Accrual Roll Forward

The following is a summary of the activity of the Company's accrued warranty liability for the three months ended April 4, 2015 and March 29, 2014 (in thousands):

		Balance at									Balance at
		Beginning			Accruals for			Settlements			End of
		of Period			Warranties			Made			Period
Accrued warranty liability:
April 4, 2015		$	13,266		$	1,762		$	(2,157)		$	12,871
March 29, 2014		$	12,962		$	1,752		$	(1,919)		$	12,795

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Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4A

-URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5618551-113959

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258

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Tabular disclosure of the presentation of foreign exchange contracts on the statement of financial position, including the fair value amounts and location of such amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4B

-Subparagraph (c)(1)

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Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 460

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

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