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Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jul. 02, 2016
Accounting Policies [Abstract] |
Fair Value Hierarchy for Financial Assets | The following tables represent the Company’s financial assets (in thousands), measured at fair value on a recurring basis:
July 2, 2016 | Adjusted Basis Cost |  | Gross Unrealized Gains |  | Gross Unrealized (Losses) |  | Estimated Fair Value |  | Cash and Cash Equivalents
Cash | $ | 61,055 |  |  | $ | — |  |  | $ | — |  |  | $ | 61,055 |  |  | $ | 61,055 |
Level 1: |  |  |  |  |  |  |  |  |
Bank Time Deposits | 55,000 |  |  | — |  |  | — |  |  | 55,000 |  |  | 55,000 |
Money Market Funds | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subtotal | 55,000 |  |  | — |  |  | — |  |  | 55,000 |  |  | 55,000 |
Level 2: |  |  |  |  |  |  |  |  |
None | — |  |  | — |  |  | — |  |  | — |  |  | — |
Level 3: |  |  |  |  |  |  |  |  |
None | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total assets measured at fair value | $ | 116,055 |  |  | $ | — |  |  | $ | — |  |  | $ | 116,055 |  |  | $ | 116,055 |
January 2, 2016 | Adjusted Basis Cost |  | Gross Unrealized Gains |  | Gross Unrealized (Losses) |  | Estimated Fair Value |  | Cash and Cash Equivalents
Cash | $ | 57,168 |  |  | $ | — |  |  | $ | — |  |  | $ | 57,168 |  |  | $ | 57,168 |
Level 1: |  |  |  |  |  |  |  |  |
Bank Time Deposits | 55,000 |  |  | — |  |  | — |  |  | 55,000 |  |  | 55,000 |
Money Market Funds | 20,149 |  |  | — |  |  | — |  |  | 20,149 |  |  | 20,149 |
Subtotal | 75,149 |  |  | — |  |  | — |  |  | 75,149 |  |  | 75,149 |
Level 2: |  |  |  |  |  |  |  |  |
None | — |  |  | — |  |  | — |  |  | — |  |  | — |
Level 3: |  |  |  |  |  |  |  |  |
None | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total assets measured at fair value | $ | 132,317 |  |  | $ | — |  |  | $ | — |  |  | $ | 132,317 |  |  | $ | 132,317 |
January 2, 2016 | Adjusted Basis Cost |  | Gross Unrealized Gains |  | Gross Unrealized (Losses) |  | Estimated Fair Value |  | Cash and Cash Equivalents
Cash | $ | 57,168 |  |  | $ | — |  |  | $ | — |  |  | $ | 57,168 |  |  | $ | 57,168 |
Level 1: |  |  |  |  |  |  |  |  |
Bank Time Deposits | 55,000 |  |  | — |  |  | — |  |  | 55,000 |  |  | 55,000 |
Money Market Funds | 20,149 |  |  | — |  |  | — |  |  | 20,149 |  |  | 20,149 |
Subtotal | 75,149 |  |  | — |  |  | — |  |  | 75,149 |  |  | 75,149 |
Level 2: |  |  |  |  |  |  |  |  |
None | — |  |  | — |  |  | — |  |  | — |  |  | — |
Level 3: |  |  |  |  |  |  |  |  |
None | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total assets measured at fair value | $ | 132,317 |  |  | $ | — |  |  | $ | — |  |  | $ | 132,317 |  |  | $ | 132,317 |
Changes in Product Warranty Accrual | Changes in the product warranty accrual were as follows (in thousands):
| Six Months Ended
| July 2, 2016 |  | July 4, 2015
Warranty accrual, beginning of period | $ | 1,222 |  |  | $ | 1,416 |
Accrual for warranties issued | 521 |  |  | 585 |
Changes to pre-existing warranties (including changes in estimates) | (40 | ) |  | (134 | )
Settlements made | (488 | ) |  | (490 | )
Warranty accrual, end of period | $ | 1,215 |  |  | $ | 1,377 |
Schedule of Change in Accumulated Other Comprehensive Income | The change in accumulated other comprehensive loss was as follows (in thousands):
| Six Months Ended July 2, 2016
Accumulated other comprehensive loss, beginning of period | $ | (4,739 | )
Foreign currency translation adjustments | 190 |
Accumulated other comprehensive loss, end of period | $ | (4,549 | )
Reconciliation of Basic and Diluted Net Income Per Share | reconciliation of basic and diluted net income per share attributable to Masimo Corporation stockholders is as follows (in thousands, except per share amounts):
| Three Months Ended |  | Six Months Ended
| July 2, 2016 |  | July 4, 2015 |  | July 2, 2016 |  | July 4, 2015
Net income attributable to Masimo Corporation stockholders: |  |  |  |  |  |  |
Net income including noncontrolling interest | $ | 30,023 |  |  | $ | 18,696 |  |  | $ | 57,600 |  |  | $ | 38,518 |
Net loss attributable to the noncontrolling interest | — |  |  | 655 |  |  | — |  |  | 1,356 |
Net income attributable to Masimo Corporation stockholders | $ | 30,023 |  |  | $ | 19,351 |  |  | $ | 57,600 |  |  | $ | 39,874 |
Basic net income per share attributable to Masimo Corporation stockholders: |  |  |  |  |  |  |
Net income attributable to Masimo Corporation stockholders | $ | 30,023 |  |  | $ | 19,351 |  |  | $ | 57,600 |  |  | $ | 39,874 |
Weighted-average shares outstanding - basic | 49,256 |  |  | 51,300 |  |  | 49,340 |  |  | 51,993 |
Basic net income per share attributable to Masimo Corporation stockholders | $ | 0.61 |  |  | $ | 0.38 |  |  | $ | 1.17 |  |  | $ | 0.77 |
Diluted net income per share attributable to Masimo Corporation stockholders: |  |  |  |  |  |  |
Weighted-average shares outstanding - basic | 49,256 |  |  | 51,300 |  |  | 49,340 |  |  | 51,993 |
Diluted share equivalent: stock options and RSUs | 3,447 |  |  | 2,375 |  |  | 3,064 |  |  | 1,915 |
Weighted-average shares outstanding - diluted | 52,703 |  |  | 53,675 |  |  | 52,404 |  |  | 53,908 |
Diluted net income per share attributable to Masimo Corporation stockholders | $ | 0.57 |  |  | $ | 0.36 |  |  | $ | 1.10 |  |  | $ | 0.74 |
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | Supplemental cash flow information includes the following (in thousands):
| Six Months Ended
| July 2, 2016 |  | July 4, 2015
Cash paid during the year for: |  |  |
Interest (net of amounts capitalized) | $ | 2,603 |  |  | $ | 952 |
Income taxes | 19,292 |  |  | 23,523 |
Noncash investing and financing activities: |  |  |
Assets acquired under capital leases | $ | — |  |  | $ | 36 |
Unpaid purchases of property, plant and equipment | 1,168 |  |  | 6,251 |
Unsettled common stock proceeds from option exercises | 187 |  |  | 25 |
Unsettled stock repurchases | — |  |  | — |

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- Definition 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=68068213&loc=d3e12565-110249 + Details
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