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Derivatives (Tables)
 12 Months Ended
Dec. 31, 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 consolidated balance sheet:
 
 
 
 
2016
 
2015
(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:
 
 
 
 
 
 
 
 
 
 
Interest rate swap agreement
 
Other Long-Term
Assets
 
$
62

 
$
10,000

 
$
38

 
$
10,000

Derivatives in a Liability Position:
 
 
 
 

 
 

 
 

 
 

Forward currency-exchange contracts
 
Other Current
Liabilities
 
$
(41
)
 
$
2,380

 
$
(101
)
 
$
6,525

Interest rate swap agreement
 
Other Current
Liabilities
 
$
—

 
$
—

 
$
(91
)
 
$
5,250

Derivatives Not Designated as Hedging Instruments:
 
 
 
 

 
 

 
 

 
 

Derivatives in an Asset Position:
 
 
 
 

 
 

 
 

 
 

Forward currency-exchange contracts
 
Other Current
Assets
 
$
2

 
$
227

 
$
2,536

 
$
15,612

Derivatives in a Liability Position:
 
 
 
 

 
 

 
 

 
 

Forward currency-exchange contracts
 
Other Current
Liabilities
 
$
(237
)
 
$
17,185

 
$
—

 
$
—


(a)
See Note 10 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 2016 and 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 December 31, 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)
 
241

 
170

 
411

Loss Recognized in AOCI
 
(39
)
 
(131
)
 
(170
)
Unrealized Gain (Loss), Net of Tax, at December 31, 2016
 
$
40

 
$
(28
)
 
$
12


(a)
See Note 13 for the income statement classification.