XML 58 R38.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Derivative Instruments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Outstanding Forward Contracts Table | The Company had the following outstanding forward contracts (in thousands):
| March 31, 2024 |  | December 31, 2023
Currency | Notional Value |  | USD Equivalent |  | Notional Value |  | USD Equivalent
Derivatives Not Designated as Hedging Instruments: |  |  |  |
Singapore Dollar | 39,950 |  |  | $ | 29,652 |  |  | 39,700 |  |  | $ | 30,136 |
Euro | 18,500 |  |  | 19,940 |  |  | 40,000 |  |  | 44,302 |
Mexican Peso | 205,000 |  |  | 12,273 |  |  | 145,000 |  |  | 8,505 |
Chinese Renminbi | 50,000 |  |  | 6,886 |  |  | 50,000 |  |  | 7,025 |
Hungarian Forint | 2,250,000 |  |  | 6,152 |  |  | 2,240,000 |  |  | 6,466 |
British Pound | 3,330 |  |  | 4,229 |  |  | 3,345 |  |  | 4,258 |
Japanese Yen | 600,000 |  |  | 3,980 |  |  | 600,000 |  |  | 4,255 |
Swiss Franc | 2,400 |  |  | 2,673 |  |  | — |  |  | — |
Canadian Dollar | 1,720 |  |  | 1,270 |  |  | 1,470 |  |  | 1,112 |
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 31, 2024 |  | December 31, 2023 |  | Sheet Location |  | March 31, 2024 |  | December 31, 2023
Derivatives Not Designated as Hedging Instruments: |  |  |  |  |  |
Economic hedge forward contracts | Prepaid expenses and other current assets |  | $ | 22 |  |  | $ | 151 |  |  | Accrued expenses |  | $ | 221 |  |  | $ | 106 |
Offsetting Assets | The following table presents 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
|  | March 31, 2024 |  | December 31, 2023 |  |  |  | March 31, 2024 |  | December 31, 2023
Gross amounts of recognized assets |  | $ | 22 |  |  | $ | 151 |  |  | Gross amounts of recognized liabilities |  | $ | 221 |  |  | $ | 106 |
Gross amounts offset |  | — |  |  | — |  |  | Gross amounts offset |  | — |  |  | — |
Net amount of assets presented |  | $ | 22 |  |  | $ | 151 |  |  | Net amount of liabilities presented |  | $ | 221 |  |  | $ | 106 |
Derivative Instruments, Gain (Loss) | Information regarding the effect of derivative instruments on the consolidated financial statements was as follows (in thousands):
| Location in Financial Statements |  | Three-months Ended |  |
|  | March 31, 2024 |  | April 2, 2023 |  |  |  |
Derivatives Not Designated as Hedging Instruments: |  |  |
Gains (losses) recognized in current operations | Foreign currency gain (loss) |  | $ | (245) |  |  | $ | (1,471) |  |  |  |  |

X
- Definition Outstanding forward contracts table. + References No definition available. + Details
Name: | cgnx_OutstandingForwardContractsTableTextBlock
Namespace Prefix: | cgnx_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative and other financial assets that are subject to offsetting, including master netting arrangements. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483466/210-20-50-4 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483466/210-20-50-3 + Details
Name: | us-gaap_OffsettingAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration