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Derivatives (Tables)
 3 Months Ended
Apr. 04, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Instruments
The following table summarizes the fair values 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 condensed consolidated balance sheet:
 
 
 
 
April 4, 2015
 
January 3, 2015
 
 
Balance Sheet Location
 
Asset (Liability) (a)
 
Notional Amount (b)
 
Asset (Liability) (a)
 
Notional Amount
(In thousands)
 
 
 
 
 
Derivatives Designated as Hedging Instruments:
 
 
 
 
 
 
 
 
 
 
Derivatives in an Asset Position:
 
 
 
 
 
 
 
 
 
 
Forward currency-exchange contracts
 
Other Current Assets
 
$
35

 
$
869

 
$
—

 
$
—

Forward currency-exchange contracts
 
Other Assets
 
$
1,522

 
$
15,679

 
$
775

 
$
17,012

Derivatives in a Liability Position:
 
 
 
 
 
 
 
 
 
 
Forward currency-exchange contracts
 
Other Current Liabilities
 
$
(5
)
 
$
190

 
$
—

 
$
—

Interest rate swap agreements
 
Other Long-Term Liabilities
 
$
(364
)
 
$
15,750

 
$
(377
)
 
$
5,750

 
 
 
 
 
 
 
 
 
 
 
Derivatives Not Designated as Hedging Instruments:
 
 
 
 

 
 

 
 

 
 

Derivatives in an Asset Position:
 
 
 
 

 
 

 
 

 
 

Forward currency-exchange contract
 
Other Current Assets
 
$
1

 
$
399

 
$
—

 
$
—

Derivatives in a Liability Position:
 
 
 
 

 
 

 
 

 
 

Forward currency-exchange contracts
 
Other Current Liabilities
 
$
—

 
$
—

 
$
(12
)
 
$
784


(a)
See Note 10 for the fair value measurements related to these financial instruments.
(b)
The total notional amount is indicative of the level of the Company's derivative activity during the first quarter of 2015.
Activity in Accumulated Other Comprehensive Items (OCI)
The following table summarizes the activity in AOCI associated with the Company's derivative instruments designated as cash flow hedges as of and for the period ended April 4, 2015:
(In thousands)
 
Interest Rate Swap
Agreements
 
Forward Currency-
Exchange
Contracts
 
Total
Unrealized loss, net of tax, at January 3, 2015
 
$
(366
)
 
$
(426
)
 
$
(792
)
Loss (gain) reclassified to earnings
 
67

 
(1,143
)
 
(1,076
)
(Loss) gain recognized in AOCI
 
(59
)
 
627

 
568

Unrealized loss, net of tax, at April 4, 2015
 
$
(358
)
 
$
(942
)
 
$
(1,300
)