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Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 29, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Values of the Company's Derivative Instruments and the Line Items on the Consolidated Balance Sheets

The fair values of the Company’s derivative instruments and the line items on the unaudited condensed consolidated balance sheets to which they were recorded as of September 29, 2019 and December 31, 2018 are summarized as follows:

Derivative Assets		Balance Sheet Location		September 29, 2019				December 31, 2018				Balance Sheet Location		September 29, 2019				December 31, 2018
				(In thousands)										(In thousands)
Derivative assets not designated as hedging instruments		Prepaid expenses and other current assets		$	336			$	293			Accrued liabilities		$	46			$	46
Derivative assets designated as hedging instruments		Prepaid expenses and other current assets		7				29				Accrued liabilities		10				25
Total				$	343			$	322					$	56			$	71

Schedule of Offsetting of Derivative Assets

The following tables set forth the offsetting of derivative assets as of September 29, 2019 and December 31, 2018:

As of September 29, 2019														Gross Amounts Not Offset in the Unaudited Condensed Consolidated Balance Sheets
		Gross Amounts of Recognized Assets				Gross Amounts Offset in the Unaudited Condensed Consolidated Balance Sheets				Net Amounts Of Assets Presented in the Unaudited Condensed Consolidated Balance Sheets				Financial Instruments				Cash Collateral Pledged				Net Amount
		(In thousands)
HSBC		$	329			$	—			$	329			$	(54	)		$	—			$	275
Wells Fargo Bank		14				—				14				(2		)		—				12
Total		$	343			$	—			$	343			$	(56	)		$	—			$	287

As of December 31, 2018														Gross Amounts Not Offset in the Unaudited Condensed Consolidated Balance Sheets
		Gross Amounts of Recognized Assets				Gross Amounts Offset in the Unaudited Condensed Consolidated Balance Sheets				Net Amounts Of Assets Presented in the Unaudited Condensed Consolidated Balance Sheets				Financial Instruments				Cash Collateral Pledged				Net Amount
		(In thousands)
HSBC		$	100			$	—			$	100			$	—			$	—			$	100
Wells Fargo Bank		222				—				222				(68		)		—				154
Total		$	322			$	—			$	322			$	(68	)		$	—			$	254

Schedule of Offsetting of Derivative Liabilities

The following tables set forth the offsetting of derivative liabilities as of September 29, 2019 and December 31, 2018:

As of September 29, 2019														Gross Amounts Not Offset in the Unaudited Condensed Consolidated Balance Sheets
		Gross Amounts of Recognized Liabilities				Gross Amounts Offset in the Unaudited Condensed Consolidated Balance Sheets				Net Amounts Of Liabilities Presented in the Unaudited Condensed Consolidated Balance Sheets				Financial Instruments				Cash Collateral Pledged				Net Amount
		(In thousands)
HSBC		$	54			$	—			$	54			$	(54	)		$	—			$	—
Wells Fargo Bank		2				—				2				(2		)		—				—
Total		$	56			$	—			$	56			$	(56	)		$	—			$	—

As of December 31, 2018														Gross Amounts Not Offset in the Unaudited Condensed Consolidated Balance Sheets
		Gross Amounts of Recognized Liabilities				Gross Amounts Offset in the Unaudited Condensed Consolidated Balance Sheets				Net Amounts Of Liabilities Presented in the Unaudited Condensed Consolidated Balance Sheets				Financial Instruments				Cash Collateral Pledged				Net Amount
		(In thousands)
JP Morgan		$	3			$	—			$	3			$	—			$	—			$	3
Wells Fargo Bank		68				—				68				(68		)		—				—
Total		$	71			$	—			$	71			$	(68	)		$	—			$	3

Schedule of Locations of Gains or Losses Recognized in Income

The effects of the Company’s cash flow hedges on the unaudited condensed consolidated statements of operations for the three months ended September 29, 2019 are summarized as follows:

		Location and Amount of Gains (Losses) Recognized in Income on Cash Flow Hedges
		Revenue				Cost of revenue				Research and development				Sales and marketing				General and administrative
		(In thousands)
Statements of operations		$	106,116			$	95,613			$	16,701			$	13,657			$	11,062
Gains (losses) on cash flow hedge		$	86			$	—			$	(3	)		$	(3	)		$	(2	)

The effects of the Company’s cash flow hedges on the unaudited condensed consolidated statements of operations for the nine months ended September 29, 2019 are summarized as follows:

		Location and Amount of Gains (Losses) Recognized in Income on Cash Flow Hedges
		Revenue				Cost of revenue				Research and development				Sales and marketing				General and administrative
		(In thousands)
Statements of operations		$	247,594			$	225,496			$	52,456			$	42,389			$	32,512
Gains (losses) on cash flow hedge		$	333			$	(2	)		$	(24	)		$	(38	)		$	(11	)

Schedule of Derivatives not Designated as Hedging Instruments

The effects of the Company’s non-designated hedge included in Other income (expense), net on the unaudited condensed consolidated statements of operations for the three and nine months ended September 29, 2019 and September 30, 2018 were as follows:

Derivatives Not Designated as Hedging Instruments		Location of Gains (Losses) Recognized in Income on Derivative		Three Months Ended								Nine Months Ended
				September 29, 2019				September 30, 2018				September 29, 2019				September 30, 2018
				(In thousands)
Foreign currency forward contracts		Other income (expense), net		$	665			$	(57	)		$	521			$	(57	)

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