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Derivative Instruments (Tables) | 3 Months Ended
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Apr. 05, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Outstanding Forward Contracts Table | The Company had the following outstanding forward contracts (in thousands):
| As of April 5, 2015 |  | As of December 31, 2014
Currency | Notional Value |  | USD Equivalent |  | Notional Value |  | USD Equivalent
Derivatives Designated as Hedging Instruments: |  |  |  |  |  |  |
Japanese Yen | 1,266,500 |  |  | $ | 9,836 |  |  | 1,225,000 |  |  | $ | 10,211 |
Hungarian Forint | 818,000 |  |  | 2,864 |  |  | 803,000 |  |  | 3,099 |
Singapore Dollar | 3,274 |  |  | 2,214 |  |  | 3,515 |  |  | 2,564 |
Canadian Dollar | 487 |  |  | 440 |  |  | 758 |  |  | 688 |
British Pound | 304 |  |  | 408 |  |  | 491 |  |  | 732 |
Derivatives Not Designated as Hedging Instruments: |  |  |  |
Japanese Yen | 785,000 |  |  | $ | 6,542 |  |  | 535,000 |  |  | $ | 4,464 |
British Pound | 1,650 |  |  | 2,432 |  |  | 1,400 |  |  | 2,183 |
Taiwanese Dollar | 34,500 |  |  | 1,109 |  |  | 28,000 |  |  | 883 |
Korean Won | 1,100,000 |  |  | 1,003 |  |  | 940,000 |  |  | 858 |
Singapore Dollar | 1,250 |  |  | 918 |  |  | 1,225 |  |  | 922 |
Hungarian Forint | 234,000 |  |  | 850 |  |  | 410,000 |  |  | 1,569 |
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 |  | April 5, 2015 |  | December 31, 2014 |  | Sheet Location |  | April 5, 2015 |  | December 31, 2014
Derivatives Designated as Hedging Instruments: |  |  |  |  |  |  |  |
Cash flow hedge forward contracts | Prepaid expenses and other current assets |  | $ | 327 |  |  | $ | 108 |  |  | Accrued expenses |  | $ | 762 |  |  | $ | 84 |
Derivatives Not Designated as Hedging Instruments: |  |  |  |  |  |  |  |
Economic hedge forward contracts | Prepaid expenses and other current assets |  | $ | 7 |  |  | $ | 6 |  |  | Accrued expenses |  | $ | 17 |  |  | $ | 13 |
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 each counterparty (in thousands):
Asset Derivatives |  | Liability Derivatives
|  | April 5, 2015 |  | December 31, 2014 |  |  |  | April 5, 2015 |  | December 31, 2014
Gross amounts of recognized assets |  | $ | 335 |  |  | $ | 188 |  |  | Gross amounts of recognized liabilities |  | $ | 819 |  |  | $ | 149 |
Gross amounts offset |  | (1 | ) |  | (74 | ) |  | Gross amounts offset |  | (40 | ) |  | (52 | )
Net amount of assets presented |  | $ | 334 |  |  | $ | 114 |  |  | Net amount of liabilities presented |  | $ | 779 |  |  | $ | 97 |
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
|  | April 5, 2015 |  | March 30, 2014
Derivatives Designated as Hedging Instruments:
Gains (losses) recorded in shareholders' equity (effective portion) | Accumulated other comprehensive income (loss), net of tax |  | $ | (378 | ) |  | $ | (62 | )
Gains (losses) reclassified from accumulated other comprehensive income (loss) into current operations (effective portion) | Product revenue |  | $ | (152 | ) |  | $ | 13 |
| Research, development, and engineering expenses |  | 1 |  |  | (30 | )
| Selling, general, and administrative expenses |  | 41 |  |  | (16 | )
| Total gains (losses) reclassified from accumulated other comprehensive income (loss) into current operations |  | $ | (110 | ) |  | $ | (33 | )
Gains (losses) recognized in current operations (ineffective portion and discontinued derivatives) | Foreign currency gain (loss) |  | $ | — |  |  | $ | — |
Derivatives Not Designated as Hedging Instruments:
Gains (losses) recognized in current operations | Foreign currency gain (loss) |  | $ | 78 |  |  | $ | (152 | )
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):
Balance as of December 31, 2014 |  | $ | 32 |
Reclassification of net realized loss on cash flow hedges into current operations |  | 110 |
Net unrealized loss on cash flow hedges |  | (520 | )
Balance as of April 5, 2014 |  | $ | (378 | )

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