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Derivatives (Tables)
 12 Months Ended
Jan. 03, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Instruments
The following table summarizes the fair value of the Company's derivative instruments designated and not designated as hedging instruments, the notional values of the associated derivative contracts, and the location of these instruments in the consolidated balance sheet:

 
 
 
 
2014
 
2013
(In thousands)
 
Balance Sheet
Location
 
Asset
(Liability)
(a)
 
Notional
Amount
(b)
 
Asset
(Liability)
(a)
 
Notional
Amount
(b)
Derivatives Designated as Hedging Instruments:
 
 
 
 
 
 
 
 
 
 
Derivatives in an Asset Position:
 
 
 
 
 
 
 
 
 
 
Forward currency-exchange contracts
 
Other Long-Term
Assets
 
$
775

 
$
17,012

 
$
—

 
$
—

Derivatives in a Liability Position:
 
 
 
 

 
 

 
 

 
 

Forward currency-exchange contracts
 
Other Current
Liabilities
 
$
—

 
$
—

 
$
(22
)
 
$
1,340

Interest rate swap agreement
 
Other Long-Term
Liabilities
 
$
(377
)
 
$
5,750

 
$
(773
)
 
$
6,375

Derivatives Not Designated as Hedging Instruments:
 
 
 
 

 
 

 
 

 
 

Derivatives in an Asset Position:
 
 
 
 

 
 

 
 

 
 

Forward currency-exchange contracts
 
Other Current
Assets
 
$
—

 
$
—

 
$
97

 
$
1,419

Derivatives in a Liability Position:
 
 
 
 

 
 

 
 

 
 

Forward currency-exchange contracts
 
Other Current
Liabilities
 
$
(12
)
 
$
784

 
$
(1
)
 
$
288


(a)
See Note 11 for the fair value measurements relating to these financial instruments.
(b)
The total notional amount is indicative of the level of the Company's derivative activity during 2014 and 2013.
Activity in Accumulated Other Comprehensive Items (OCI)
The following table summarizes the activity in accumulated other comprehensive items associated with the Company's derivative instruments designated as cash flow hedges as of and for the period ended January 3, 2015:

(In thousands)
 
Interest Rate Swap
Agreement
 
Forward Currency-
Exchange Contracts
 
Total
Unrealized loss, net of tax, at December 28, 2013
 
$
(618
)
 
$
(15
)
 
$
(633
)
Loss (gain) reclassified to earnings (a)
 
213

 
(1,102
)
 
(889
)
Gain recognized in AOCI
 
39

 
691

 
730

Unrealized loss, net of tax, at January 3, 2015
 
$
(366
)
 
$
(426
)
 
$
(792
)

(a)
Included in interest expense for interest rate swap agreement and in revenues for forward currency-exchange contracts in the accompanying consolidated statement of income.