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Derivative Instruments (Tables) | 3 Months Ended
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Mar. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Outstanding Forward Contracts Table | The Company had the following outstanding forward contracts that were entered into to mitigate foreign currency exchange rate risk (in thousands):
| As of March 30, 2014 |  | As of December 31, 2013
Currency | Notional Value |  | USD Equivalent |  | Notional Value |  | USD Equivalent
Derivatives Designated as Hedging Instruments: |  |  |  |  |  |  |
Japanese Yen | 665,000 |  |  | $ | 6,514 |  |  | 625,000 |  |  | $ | 6,122 |
Hungarian Forint | 639,750 |  |  | 2,872 |  |  | 570,175 |  |  | 2,603 |
Singapore Dollar | 3,049 |  |  | 2,472 |  |  | 2,867 |  |  | 2,346 |
British Pound | 673 |  |  | 1,112 |  |  | 613 |  |  | 1,010 |
Canadian Dollar | 1,199 |  |  | 1,107 |  |  | 985 |  |  | 932 |
Derivatives Not Designated as Hedging Instruments: |  |  |  |
Euro | — |  |  | $ | — |  |  | 2,828 |  |  | $ | 3,887 |
Japanese Yen | — |  |  | — |  |  | 294,500 |  |  | 2,797 |
British Pound | — |  |  | — |  |  | 1,100 |  |  | 1,820 |
Chinese Renminbi | — |  |  | — |  |  | 9,000 |  |  | 1,467 |
Taiwanese Dollar | — |  |  | — |  |  | 27,000 |  |  | 908 |
Korean Won | — |  |  | — |  |  | 650,000 |  |  | 620 |
Hungarian Forint | — |  |  | — |  |  | 123,000 |  |  | 568 |
Brazilian Real | — |  |  | — |  |  | 250 |  |  | 106 |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | Information regarding the fair value of the outstanding forward contracts was as follows (in thousands):
| Asset Derivatives |  | Liability Derivatives
| Balance |  | Fair Value |  | Balance |  | Fair Value
| Sheet Location |  | March 30, 2014 |  | December 31, 2013 |  | Sheet Location |  | March 30, 2014 |  | December 31, 2013
Derivatives Designated as Hedging Instruments: |  |  |  |  |  |  |  |
Cash flow hedge forward contracts | Prepaid expenses and other current assets |  | $ | 33 |  |  | $ | 204 |  |  | Accrued expenses |  | $ | 112 |  |  | $ | 98 |
Derivatives Not Designated as Hedging Instruments: |  |  |  |  |  |  |  |
Economic hedge forward contracts | Prepaid expenses and other current assets |  | $ | — |  |  | $ | 6 |  |  | Accrued expenses |  | $ | — |  |  | $ | 24 |
Offsetting Assets | The table below details the gross activity for all derivative assets and liabilities which were presented on a net basis on the Consolidated Balance Sheets due to the right of offset with one counterparty (in thousands):
Asset Derivatives |  | Liability Derivatives
|  | March 30, 2014 |  | December 31, 2013 |  |  |  | March 30, 2014 |  | December 31, 2013
Gross amounts of recognized assets |  | $ | 38 |  |  | $ | 210 |  |  | Gross amounts of recognized liabilities |  | $ | 128 |  |  | $ | 122 |
Gross amounts offset |  | (5 | ) |  | — |  |  | Gross amounts offset |  | (16 | ) |  | — |
Net amount of assets presented |  | 33 |  |  | 210 |  |  | Net amount of liabilities presented |  | 112 |  |  | 122 |
Derivative Instruments, Gain (Loss) | Information regarding the effect of derivative instruments, net of the underlying exposure, on the consolidated financial statements was as follows (in thousands):
| Location in Financial Statements |  | Three-months Ended
|  | March 30, 2014 |  | March 31, 2013
Derivatives Designated as Hedging Instruments: |  |  |  |
Gains (losses) in Shareholders' equity on derivatives (effective portion) | Accumulated other comprehensive income (loss), net of tax |  | $ | (62 | ) |  | $ | — |
Gains (losses) reclassified from accumulated other comprehensive income (loss) into net income (effective portion) | Product revenue |  | $ | 13 |  |  | $ | — |
| Research, development, and engineering expenses |  | (30 | ) |  | — |
| Selling, general, and administrative expenses |  | (16 | ) |  | — |
| Total gains (losses) reclassified from accumulated other comprehensive income (loss) into net income |  | $ | (33 | ) |  | $ | — |
Gains (losses) recognized in net income on derivatives (ineffective portion and discontinued derivatives) | Foreign currency gain (loss) |  | $ | — |  |  | $ | — |
Derivatives Not Designated as Hedging Instruments: |  |  |  |
Gains (losses) recognized in net income | Foreign currency gain (loss) |  | $ | (152 | ) |  | $ | 203 |
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) | The following table provides the changes in accumulated other comprehensive income (loss), net of tax, related to derivative instruments (in thousands):
| Three-months ended
| March 30, 2014 |  | March 31, 2013
Beginning balance | $ | 104 |  |  | $ | — |
Amount of loss (gain) reclassified to net income | 33 |  |  | — |
Change in fair value of derivative instruments | (199 | ) |  | — |
Ending balance | $ | (62 | ) |  | $ | — |

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