XML 35 R26.htm IDEA: XBRL DOCUMENT v3.5.0.2
Basis of Presentation and Significant Accounting Policies (Tables)
 9 Months Ended
Oct. 01, 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 October 1, 2016 (in thousands):

       Quoted Prices      
       in Active Significant   
       Markets Other Significant
       for Identical Observable Unobservable
    Total at  Assets Inputs Inputs
    October 1, 2016 (Level 1) (Level 2) (Level 3)
Assets:            
 U.S. Treasury securities $ 556,148 $ - $ 556,148 $ -
 Foreign government securities   18,002   -   18,002   -
 Corporate debt securities   1,572,848   -   1,572,848   -
 Time deposits   221,034   -   221,034   -
 Equity securities   147   -   147   -
 Other cash equivalents   3,000   -   3,000   -
 Waters 401(k) Restoration Plan assets   30,373   -   30,373   -
 Foreign currency exchange contracts   376   -   376   -
  Total $ 2,401,928 $ - $ 2,401,928 $ -
               
Liabilities:            
 Contingent consideration $ 4,805 $ - $ - $ 4,805
 Foreign currency exchange contracts   151   -   151   -
  Total $ 4,956 $ - $ 151 $ 4,805

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 currency exchange contracts (in thousands):

  Three Months Ended Nine Months Ended
  October 1, 2016 October 3, 2015 October 1, 2016 October 3, 2015
Realized (losses) gains on closed contracts $ (1,994) $ 810 $ (9,525) $ 5
Unrealized gains (losses) on open contracts   1,003   (71)   11   (9)
Cumulative net pre-tax (losses) gains $ (991) $ 739 $ (9,514) $ (4)
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):

   October 1, 2016 December 31, 2015
Other current assets $376 $616
Other current liabilities $151 $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 nine months ended October 1, 2016 and October 3, 2015 (in thousands):

  Balance at     Balance at
  Beginning Accruals for Settlements End of
  of Period Warranties Made Period
Accrued warranty liability:            
October 1, 2016 $ 13,349 $ 7,101 $ (6,915) $ 13,535
October 3, 2015 $ 13,266 $ 5,834 $ (5,993) $ 13,107