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Derivatives (Tables)
 6 Months Ended
Jun. 30, 2018
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 in the accompanying condensed consolidated balance sheet:
 
 
 
 
June 30, 2018
 
December 30, 2017
 
 
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:
 
 
 
 
 
 
 
 
 
 
2015 Swap Agreement (c)
 
Other Long-Term Assets
 
$
209

 
$
10,000

 
$
126

 
$
10,000

Derivatives in a Liability Position:
 
 
 
 
 
 
 
 
 
 
2018 Swap Agreement (c)
 
Other Long-Term Liabilities
 
$
(210
)
 
$
15,000

 
$
—

 
$
—

 
 
 
 
 
 
 
 
 
 
 
Derivatives Not Designated as Hedging Instruments:
 
 

 
 

 
 

 
 

Derivatives in an Asset Position:
 
 
 
 

 
 

 
 

 
 

Forward currency-exchange contracts
 
Other Current Assets
 
$
—

 
$
—

 
$
17

 
$
1,244

Derivatives in a Liability Position:
 
 
 
 
 
 
 
 
 
 
Forward currency-exchange contracts
 
Other Current Liabilities
 
$
(52
)
 
$
2,712

 
$
(16
)
 
$
2,049


(a)
See Note 10 for the fair value measurements relating to these financial instruments.
(b)
The total 2018 notional amounts are indicative of the level of the Company's recurring derivative activity.
(c)
The asset or liability balance represents the settlement value received from or paid to the counterparty in the event of early termination.
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 six months ended June 30, 2018:
(In thousands)
 
Interest Rate Swap
Agreements
 
Forward Currency-
Exchange
Contracts
 
Total
Unrealized Gain, Net of Tax, at December 30, 2017
 
$
79

 
$
—

 
$
79

Loss (gain) reclassified to earnings (a)
 
17

 
(18
)
 
(1
)
(Loss) gain recognized in AOCI
 
(97
)
 
18

 
(79
)
Unrealized Loss, Net of Tax, at June 30, 2018
 
$
(1
)
 
$
—

 
$
(1
)

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