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Derivatives (Tables) | 6 Months Ended
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Jul. 01, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Fair Value of Derivative Instruments | The following table summarizes the fair value of derivative instruments in the accompanying condensed consolidated balance sheet:
|  |  |  | July 1, 2023 |  | December 31, 2022
|  | Balance Sheet Location |  | Asset (Liability) (a) |  | Notional Amount (b) |  | Asset (Liability) (a) |  | Notional Amount
(In thousands) |  |  |  |  |
Derivatives Designated as Hedging Instruments: |  |  |  |  |  |  |  |
Derivative in an Asset Position: |  |  |  |  |  |  |  |
2018 Swap Agreement |  | Other Current Assets |  | $ | — |  |  | $ | — |  |  | $ | 131 |  |  | $ | 15,000 |
Derivatives in a Liability Position: |  |  |  |  |  |  |  |
Forward currency-exchange contract |  | Other Current Liabilities |  | $ | (52) |  |  | $ | 430 |  |  | $ | (54) |  |  | $ | 430 |
Derivatives Not Designated as Hedging Instruments: |  |  |  |  |  |  |  |
Derivatives in an Asset Position: |  |  |  |  |  |  |  |
Forward currency-exchange contracts |  | Other Current Assets |  | $ | — |  |  | $ | — |  |  | $ | 15 |  |  | $ | 647 |
Derivatives in a Liability Position: |  |  |  |  |  |  |  |
Forward currency-exchange contract |  | Other Current Liabilities |  | $ | (1) |  |  | $ | 100 |  |  | $ | — |  |  | $ | — |
(a) See Note 9, Fair Value Measurements and Fair Value of Financial Instruments, for the fair value measurements relating to these financial instruments. (b) The 2023 notional amounts are indicative of the level of the Company's recurring derivative activity.
Activity in Accumulated Other Comprehensive Items (AOCI) | 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 July 1, 2023:
(In thousands) |  | Interest Rate Swap Agreement |  | Forward Currency-Exchange Contract |  | Total
Unrealized Gain (Loss), Net of Tax, at December 31, 2022 |  | $ | 99 |  |  | $ | (41) |  |  | $ | 58 |
Gain reclassified to earnings (a) |  | (99) |  |  | — |  |  | (99) |
Gain recognized in AOCI |  | — |  |  | 1 |  |  | 1 |
Unrealized Loss, Net of Tax, at July 1, 2023 |  | $ | — |  |  | $ | (40) |  |  | $ | (40) |
(a) See Note 7, Accumulated Other Comprehensive Items, for the income statement classification.

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- Definition Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A + Details
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