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Basis of Presentation and Significant Accounting Policies (Tables)

6 Months Ended

Jul. 02, 2016

Fair Value Disclosures [Abstract]

Fair Value, Assets And Liabilities

The following table represents the Company's assets and liabilities measured at fair value on a recurring basis at July 2, 2016 (in thousands):

							Quoted Prices
							in Active			Significant
							Markets			Other			Significant
							for Identical			Observable			Unobservable
				Total at			Assets			Inputs			Inputs
				July 2, 2016			(Level 1)			(Level 2)			(Level 3)
Assets:
	U.S. Treasury securities			$	585,448		$	-		$	585,448		$	-
	Foreign government securities				18,024			-			18,024			-
	Corporate debt securities				1,454,719			-			1,454,719			-
	Time deposits				166,152			-			166,152			-
	Equity securities				147			-			147			-
	Other cash equivalents				11,000			-			11,000			-
	Waters 401(k) Restoration Plan assets				30,031			-			30,031			-
	Foreign currency exchange contracts				174			-			174			-
		Total		$	2,265,695		$	-		$	2,265,695		$	-
Liabilities:
	Contingent consideration			$	4,608		$	-		$	-		$	4,608
	Foreign currency exchange contracts				952			-			952			-
		Total		$	5,560		$	-		$	952		$	4,608

The following table represents the Company's assets and liabilities measured at fair value on a recurring basis at December 31, 2015 (in thousands):

							Quoted Prices
							in Active			Significant
							Markets			Other			Significant
				Total at			for Identical			Observable			Unobservable
				December 31,			Assets			Inputs			Inputs
				2015			(Level 1)			(Level 2)			(Level 3)
Assets:
	U.S. Treasury securities			$	627,156		$	-		$	627,156		$	-
	Foreign government securities				15,199			-			15,199			-
	Corporate debt securities				1,324,318			-			1,324,318			-
	Time deposits				74,947			-			74,947			-
	Equity securities				147			-			147			-
	Other cash equivalents				27,000			-			27,000			-
	Waters 401(k) Restoration Plan assets				35,823			-			35,823			-
	Foreign currency exchange contracts				616			-			616			-
		Total		$	2,105,206		$	-		$	2,105,206		$	-
Liabilities:
	Contingent consideration			$	4,215		$	-		$	-		$	4,215
	Foreign currency exchange contracts				402			-			402			-
		Total		$	4,617		$	-		$	402		$	4,215

Summary of Derivative Instruments by Risk Exposure [Abstract]

Gains (Losses) on Foreign Exchange Contracts

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

		Three Months Ended						Six Months Ended
		July 2, 2016			July 4, 2015			July 2, 2016			July 4, 2015
Realized (losses) gains on closed contracts		$	(5,637)		$	2,542		$	(7,531)		$	(805)
Unrealized (losses) gains on open contracts			(963)			(280)			(992)			62
Cumulative net pre-tax (losses) gains		$	(6,600)		$	2,262		$	(8,523)		$	(743)

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):

			July 2, 2016			December 31, 2015
Other current assets			$	174		$	616
Other current liabilities			$	952		$	402

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 six months ended July 2, 2016 and July 4, 2015 (in thousands):

		Balance at									Balance at
		Beginning			Accruals for			Settlements			End of
		of Period			Warranties			Made			Period
Accrued warranty liability:
July 2, 2016		$	13,349		$	4,297		$	(4,719)		$	12,927
July 4, 2015		$	13,266		$	3,744		$	(3,971)		$	13,039

X

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a,b,bb)
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2C
-URI http://asc.fasb.org/extlink&oid=36462937&loc=SL7498348-110258

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-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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A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.

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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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5618551-113959

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- Definition

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
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