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Derivative Instruments (Tables) | 6 Months Ended
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Jul. 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 July 5, 2015 |  | As of December 31, 2014
Currency | Notional Value |  | USD Equivalent |  | Notional Value |  | USD Equivalent
Derivatives Designated as Hedging Instruments: |  |  |  |  |  |  |
Japanese Yen | 1,151,500 |  |  | $ | 9,186 |  |  | 1,225,000 |  |  | $ | 10,211 |
Hungarian Forint | 791,500 |  |  | 2,809 |  |  | 803,000 |  |  | 3,099 |
Singapore Dollar | 3,071 |  |  | 2,144 |  |  | 3,515 |  |  | 2,564 |
Canadian Dollar | 290 |  |  | 263 |  |  | 758 |  |  | 688 |
British Pound | 179 |  |  | 246 |  |  | 491 |  |  | 732 |
Derivatives Not Designated as Hedging Instruments: |  |  |  |
Japanese Yen | 600,000 |  |  | $ | 4,877 |  |  | 345,000 |  |  | $ | 2,878 |
British Pound | 1,700 |  |  | 2,655 |  |  | 1,400 |  |  | 2,183 |
Singapore Dollar | 1,425 |  |  | 1,056 |  |  | 1,225 |  |  | 922 |
Taiwanese Dollar | 29,000 |  |  | 940 |  |  | 28,000 |  |  | 883 |
Korean Won | 950,000 |  |  | 845 |  |  | 940,000 |  |  | 858 |
Hungarian Forint | 220,000 |  |  | 772 |  |  | 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 |  | July 5, 2015 |  | December 31, 2014 |  | Sheet Location |  | July 5, 2015 |  | December 31, 2014
Derivatives Designated as Hedging Instruments: |  |  |  |  |  |  |  |
Cash flow hedge forward contracts | Prepaid expenses and other current assets |  | $ | 151 |  |  | $ | 108 |  |  | Accrued expenses |  | $ | 243 |  |  | $ | 84 |
Derivatives Not Designated as Hedging Instruments: |  |  |  |  |  |  |  |
Economic hedge forward contracts | Prepaid expenses and other current assets |  | $ | 2 |  |  | $ | 5 |  |  | Accrued expenses |  | $ | 8 |  |  | $ | 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
|  | July 5, 2015 |  | December 31, 2014 |  |  |  | July 5, 2015 |  | December 31, 2014
Gross amounts of recognized assets |  | $ | 153 |  |  | $ | 187 |  |  | Gross amounts of recognized liabilities |  | $ | 412 |  |  | $ | 149 |
Gross amounts offset |  | — |  |  | (74 | ) |  | Gross amounts offset |  | (161 | ) |  | (52 | )
Net amount of assets presented |  | $ | 153 |  |  | $ | 113 |  |  | Net amount of liabilities presented |  | $ | 251 |  |  | $ | 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 |  | Six-months Ended
|  | July 5, 2015 |  | June 29, 2014 |  | July 5, 2015 |  | June 29, 2014
Derivatives Designated as Hedging Instruments: |  |  |
Gains (losses) recorded in shareholders' equity (effective portion) | Accumulated other comprehensive income (loss), net of tax |  | $ | (72 | ) |  | $ | (74 | ) |  | $ | (72 | ) |  | $ | (74 | )
Gains (losses) reclassified from accumulated other comprehensive income (loss) into current operations (effective portion) | Product revenue |  | $ | (159 | ) |  | $ | 4 |  |  | $ | (311 | ) |  | $ | 17 |
| Research, development, and engineering expenses |  | 18 |  |  | (9 | ) |  | 19 |  |  | (25 | )
| Selling, general, and administrative expenses |  | 72 |  |  | (19 | ) |  | 113 |  |  | (49 | )
| Total gains (losses) reclassified from accumulated other comprehensive income (loss) into current operations |  | $ | (69 | ) |  | $ | (24 | ) |  | $ | (179 | ) |  | $ | (57 | )
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) |  | $ | 233 |  |  | $ | (15 | ) |  | $ | 342 |  |  | $ | (137 | )
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 |  | 179 |
Net unrealized loss on cash flow hedges |  | (283 | )
Balance as of July 5, 2015 |  | $ | (72 | )

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