Fair Value Measurements and Fair Value of Financial Instruments (Tables)

12 Months Ended

Jan. 03, 2015

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 January 3, 2015
(In thousands)	Level 1		Level 2		Level 3		Total
Assets:
Money market funds and time deposits	$	9,264	$	—	$	—	$	9,264
Forward currency-exchange contracts	$	—	$	775	$	—	$	775
Banker's acceptance drafts (a)	$	—	$	6,334	$	—	$	6,334
Liabilities:
Forward currency-exchange contracts	$	—	$	12	$	—	$	12
Interest rate swap agreement	$	—	$	377	$	—	$	377
Contingent consideration (b)	$	—	$	—	$	1,133	$	1,133



	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
Forward currency-exchange contracts	$	—	$	97	$	—	$	97
Banker's acceptance drafts (a)	$	—	$	10,765	$	—	$	10,765
Liabilities:
Forward currency-exchange contracts	$	—	$	23	$	—	$	23
Interest rate swap agreement	$	—	$	773	$	—	$	773


(a)	Included in accounts receivable in the accompanying consolidated balance sheet.


(b)	Included in other current liabilities in the accompanying consolidated balance sheet.

Fair Value, Liabilities Measured on a 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:



	2014
(In thousands)	2014
Balance at beginning of period	$	—
Acquisition	1,205
Current period expense	80
Currency translation	(152		)
Balance at end of period	$	1,133

Carrying Value and Fair Value of Debt Obligations

The carrying value and fair value of the Company's debt obligations are as follows:



	2014				2013
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Long-term debt obligations	$	25,250	$	25,250	$	38,010	$	38,010

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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