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Derivatives (Tables)
 9 Months Ended
Oct. 01, 2016
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 value of the associated derivative contracts, and the location of these instruments in the accompanying condensed consolidated balance sheet:
 
 
 
 
October 1, 2016
 
January 2, 2016
 
 
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
 
$
10

 
$
950

 
$
—

 
$
—

Interest rate swap agreement
 
Other Assets
 
$
—

 
$
—

 
$
38

 
$
10,000

Derivatives in a Liability Position:
 
 
 
 
 
 
 
 
 
 
Forward currency-exchange contracts
 
Other Current Liabilities
 
$
(65
)
 
$
1,683

 
$
(101
)
 
$
6,525

Interest rate swap agreement
 
Other Current Liabilities
 
$
—

 
$
—

 
$
(91
)
 
$
5,250

Interest rate swap agreement
 
Other Long-Term Liabilities
 
$
(147
)
 
$
10,000

 
$
—

 
$
—

 
 
 
 
 
 
 
 
 
 
 
Derivatives Not Designated as Hedging Instruments:
 
 

 
 

 
 

 
 

Derivatives in an Asset Position:
 
 
 
 

 
 

 
 

 
 

Forward currency-exchange contracts
 
Other Current Assets
 
$
7

 
$
384

 
$
2,536

 
$
15,612

Derivatives in a Liability Position:
 
 
 
 
 
 
 
 
 
 
Forward currency-exchange contracts
 
Other Current Liabilities
 
$
(134
)
 
$
17,611

 
$
—

 
$
—


(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 the first nine months of 2016.
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 October 1, 2016:
(In thousands)
 
Interest Rate Swap
Agreements
 
Forward Currency-
Exchange
Contracts
 
Total
Unrealized loss, net of tax, at January 2, 2016
 
$
(162
)
 
$
(67
)
 
$
(229
)
Loss reclassified to earnings (a)
 
230

 
134

 
364

Loss recognized in AOCI
 
(163
)
 
(102
)
 
(265
)
Unrealized loss, net of tax, at October 1, 2016
 
$
(95
)
 
$
(35
)
 
$
(130
)

    
(a) See Note 9 for the statement of income classification.