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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 27, 2014
Fair Value Disclosures [Abstract]  
Fair value of assets and liabilities measured on a recurring basis
The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis:
 
 
Fair Value as of September 27, 2014
(In thousands)
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
Money market funds and time deposits
 
$
5,079

 
$
—

 
$
—

 
$
5,079

Banker's acceptance drafts (a)
 
$
—

 
$
9,988

 
$
—

 
$
9,988

Forward currency-exchange contracts
 
$
—

 
$
169

 
$
—

 
$
169

 
 
 
 
 
 
 
 
 
Liabilities:
 
 

 
 

 
 

 
 

Forward currency-exchange contracts
 
$
—

 
$
2

 
$
—

 
$
2

Interest rate swap agreement
 
$
—

 
$
532

 
$
—

 
$
532

Contingent consideration (b)
 
$
—

 
$
—

 
$
1,175

 
$
1,175




 
 
Fair Value as of December 28, 2013
(In thousands)
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
Money market funds and time deposits
 
$
17,090

 
$
—

 
$
—

 
$
17,090

Banker's acceptance drafts (a)
 
$
—

 
$
10,765

 
$
—

 
$
10,765

Forward currency-exchange contracts
 
$
—

 
$
97

 
$
—

 
$
97

 
 
 
 
 
 
 
 
 
Liabilities:
 
 

 
 

 
 

 
 

Forward currency-exchange contracts
 
$
—

 
$
23

 
$
—

 
$
23

Interest rate swap agreement
 
$
—

 
$
773

 
$
—

 
$
773


(a)
Included in accounts receivable in the accompanying condensed consolidated balance sheet.
(b)
Included in other current liabilities in the accompanying condensed consolidated balance sheet.
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table provides a rollforward of the fair value, as determined by Level 3 inputs, of the contingent consideration:
 
 
Nine Months Ended 
 September 27, 2014
(In thousands)
 
Balance at beginning of period
 
$
—

Acquisition
 
1,205

Current period expense
 
60

Currency translation
 
(90
)
Balance at end of period
 
$
1,175
Carrying value and fair value of debt obligations
The carrying value and fair value of the Company's long-term debt obligations are as follows:
 
 
September 27, 2014
 
December 28, 2013
 
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
Long-term debt obligations
 
$
22,375

 
$
22,375

 
$
38,010

 
$
38,010