v3.20.2

Financial Instruments and Fair Value Measurements (Tables)

9 Months Ended

Oct. 02, 2020

Financial Instruments and Fair Value Measurements [Abstract]

Company's assets and liabilities measured at fair value for each fair value hierarchy level

A summary of the Company’s assets and liabilities that are measured at fair value for each fair value hierarchy level for the periods presented is as follows:

			October 2, 2020
			Level One						Level Two						Level Three						Total
			(In thousands)
Assets:
Cash equivalents			$	3,632					$	—					$	—					$	3,632
Foreign currency contracts related to sales - not designated as hedges			—						2,403						—						2,403
Foreign currency contracts related to purchases - not designated as hedges			—						580						—						580
Deferred compensation plans			—						10,045						—						10,045
			$	3,632					$	13,028					$	—					$	16,660
Liabilities:
Foreign currency contracts related to sales - not designated as hedges			$	—					$	1,176					$	—					$	1,176
Foreign currency contracts related to purchases - not designated as hedges			—						918						—						918
Deferred compensation plans			—						10,045						—						10,045
			$	—					$	12,139					$	—					$	12,139

			December 31, 2019
			Level One						Level Two						Level Three						Total
			(In thousands)
Assets:
Cash equivalents			$	13,125					$	—					$	—					$	13,125
Foreign currency contracts related to sales - not designated as hedges			—						74						—						74
Foreign currency contracts related to purchases - not designated as hedges			—						408						—						408
Deferred compensation plans			—						8,870						—						8,870
			$	13,125					$	9,352					$	—					$	22,477
Liabilities:
Foreign currency contracts related to sales - not designated as hedges			$	—					$	328					$	—					$	328
Foreign currency contracts related to purchases - not designated as hedges			—						853						—						853
Deferred compensation plans			—						8,870						—						8,870
			$	—					$	10,051					$	—					$	10,051

Schedule of Foreign Exchange Contracts, Notional Values

As of October 2, 2020 and December 31, 2019, the Company had foreign currency contracts with the following notional values:

			October 2, 2020						December 31, 2019
			(In thousands)
Foreign currency contracts sold - not designated as hedges			$	149,376					$	28,718
Foreign currency contracts purchased - not designated as hedges			103,531						107,090
Total foreign currency derivatives			$	252,907					$	135,808

Schedule of Derivative Instruments, Gain (Loss) in Condensed Consolidated Financial Statements

The Company recognized the following in its Condensed Consolidated Financial Statements related to its derivative instruments:

			Three Months Ended												Nine Months Ended
			October 2, 2020						September 27, 2019						October 2, 2020						September 27, 2019
			(In thousands)
Contracts Designated as Hedges:
Unrealized gain (loss) on net investment hedges(1)			$	(14,456)					$	12,807					$	(12,700)					$	14,258
Contracts Not Designated in a Hedge Relationship:
Foreign Currency Contracts - related to customer sales contracts:
Unrealized gain			106						423						638						215
Realized gain (loss)			701						(165)						(204)						(1,232)
Foreign Currency Contracts - related to supplier purchases contracts:
Unrealized gain (loss)			(1,000)						(732)						841						(81)
Realized gain (loss)			(569)						1						(818)						455

(1) The unrealized gain on net investment hedges is attributable to the change in valuation of Euro denominated debt.

X

- References

No definition available.

+ Details

Name:	cfx_FinancialInstrumentsAndFairValueMeasurementsAbstract
Namespace Prefix:	cfx_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the notional amounts of outstanding derivative positions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5579245-113959

+ Details

Name:	us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration