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Derivatives (Tables)
 3 Months Ended
Apr. 01, 2017
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:
 
 
 
 
April 1, 2017
 
December 31, 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
 
$
3

 
$
950

 
$
—

 
$
—

Interest rate swap agreement
 
Other Long-Term Assets
 
$
82

 
$
10,000

 
$
62

 
$
10,000

Derivatives in a Liability Position:
 
 
 
 
 
 
 
 
 
 
Forward currency-exchange contracts
 
Other Current Liabilities
 
$
(21
)
 
$
946

 
$
(41
)
 
$
2,380

 
 
 
 
 
 
 
 
 
 
 
Derivatives Not Designated as Hedging Instruments:
 
 

 
 

 
 

 
 

Derivatives in an Asset Position:
 
 
 
 

 
 

 
 

 
 

Forward currency-exchange contracts
 
Other Current Assets
 
$
—

 
$
—

 
$
2

 
$
227

Derivatives in a Liability Position:
 
 
 
 
 
 
 
 
 
 
Forward currency-exchange contracts
 
Other Current Liabilities
 
$
(38
)
 
$
16,592

 
$
(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 the first quarter of 2017.
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 three months ended April 1, 2017:
(In thousands)
 
Interest Rate Swap
Agreement
 
Forward Currency-
Exchange
Contracts
 
Total
Unrealized Gain (Loss), Net of Tax, at December 31, 2016
 
$
40

 
$
(28
)
 
$
12

Loss reclassified to earnings (a)
 
8

 
7

 
15

Gain recognized in AOCI
 
4

 
8

 
12

Unrealized Gain (Loss), Net of Tax, at April 1, 2017
 
$
52

 
$
(13
)
 
$
39


    
(a) See Note 8 for the income statement classification.