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DERIVATIVES AND RISK MANAGEMENT (Tables) | 6 Months Ended
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Jun. 30, 2012
Schedule Of Foreign Currency Forward Hedge Contracts | counterparties that would allow for net settlement. As of June 30, 2012, the Company had the following outstanding forward contracts that were entered into to hedge the future payments of intercompany inventory transactions (in thousands):
Functional Currency |  |  | Contract Currency |
Type |  | Amount |  |  | Type |  | Amount |
Euro |  |  | 149,025 |  |  | U.S. Dollar |  |  | 198,179 |
British Pound |  |  | 16,600 |  |  | U.S. Dollar |  |  | 26,219 |
Japanese Yen |  |  | 2,297,700 |  |  | U.S. Dollar |  |  | 28,512 |
Mexican Peso |  |  | 159,663 |  |  | U.S. Dollar |  |  | 11,750 |
Australian Dollar |  |  | 10,150 |  |  | U.S. Dollar |  |  | 10,197 |
Canadian Dollar |  |  | 20,070 |  |  | U.S. Dollar |  |  | 19,908 |
Schedule Of Foreign Exchange Contracts Recognized In AOCI | The effective portion of gains and losses on derivative instruments that was recognized in other comprehensive (loss) income, net of taxes during the Second Quarter and the Prior Year Quarter, Year To Date Period and the Prior Year YTD Period is set forth below (in thousands):
Derivatives Designated as Cash Flow Hedges Under ASC 815 |  | For the 13 Weeks Ended June 30, 2012 |  |  | For the 13 Weeks Ended July 2, 2011 |
Foreign exchange forward contracts |  | $ | 3,708 |  |  | $ | (6,036 | )
Total gain (loss) recognized in other comprehensive (loss) income, net of taxes |  | $ | 3,708 |  |  | $ | (6,036 | )
Derivatives Designated as Cash Flow Hedges Under ASC 815 |  | For the 26 Weeks Ended June 30, 2012 |  |  | For the 26 Weeks Ended July 2, 2011 |
Foreign exchange forward contracts |  | $ | 3,211 |  |  | $ | (13,129 | )
Total gain (loss) recognized in other comprehensive (loss) income, net of taxes |  | $ | 3,211 |  |  | $ | (13,129 | )
Schedule Of Effective Portion Of Gains And Losses On Derivative Instruments Designated And Qualifying As Cash Flow Hedges | The following table illustrates the effective portion of gains and losses on derivative instruments recorded in other comprehensive (loss) income, net of taxes during the term of the hedging relationship and reclassified into earnings during the Second Quarter, Prior Year Quarter, Year To Date Period, and Prior Year YTD Period (in thousands):
Foreign Exchange Forward Contracts Under ASC 815 |  | Condensed Consolidated Statements of Comprehensive Income Location |  |  |  | For the 13 Weeks Ended June 30, 2012 |  |  | For the 13 Weeks Ended July 2, 2011 |
Cash flow hedging instruments |  | Other income (expense) -net |  | Total gain/(loss) reclassified from other comprehensive income (loss), net of taxes into income, net of taxes |  |  |  |  |  |  |  |
|  |  |  |  |  | $ | 1,451 |  |  | $ | (4,013 | )
Foreign Exchange Forward Contracts Under ASC 815 |  | Condensed Consolidated Statements of Comprehensive Income Location |  |  |  | For the 26 Weeks Ended June 30, 2012 |  |  | For the 26 Weeks Ended July 2, 2011 |
Cash flow hedging instruments |  | Other income (expense) - net |  | Total gain/(loss) reclassified from other comprehensive income (loss), net of taxes into income, net of taxes |  |  |  |  |  |  |  |
|  |  |  |  |  | $ | 2,303 |  |  | $ | (6,259 | )
Schedule Of Fair Value Of Balance Sheet Derivatives | The following table discloses the fair value amounts for the Company’s derivative instruments as separate asset and liability values, presents the fair value of derivative instruments on a gross basis, and identifies the line items in the condensed consolidated balance sheets in which the fair value amounts for these categories of derivative instruments are included (in thousands):
|  | Asset Derivatives |  |  | Liability Derivatives |
|  | June 30, 2012 |  |  | December 31, 2011 |  |  | June 30, 2012 |  |  | December 31, 2011 |
Foreign exchange contracts under ASC 815 |  | Condensed Consolidated Balance Sheet Location |  | Fair Value |  |  | Consolidated Balance Sheet Location |  | Fair Value |  |  | Condensed Consolidated Balance Sheet Location |  | Fair Value |  |  | Consolidated Balance Sheet Location |  | Fair Value |
Cash flow hedging instruments |  | Prepaid expenses and other current assets |  | $ | 9,571 |  |  | Prepaid expenses and other current assets |  | $ | 9,719 |  |  | Accrued expenses- other |  | $ | 1,235 |  |  | Accrued expenses- other |  | $ | 3,204 |
Cash flow hedging instruments |  | Intangible and other assets-net |  |  | 790 |  |  | Intangible and other assets-net |  |  | 895 |  |  | Other long-term liabilities |  |  | 129 |  |  | Other long-term liabilities |  |  | 382 |
Total |  |  |  | $ | 10,361 |  |  |  |  | $ | 10,614 |  |  |  |  | $ | 1,364 |  |  |  |  | $ | 3,586 |

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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 205G -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 44C -Subparagraph a -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41638-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41678-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5580258-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579245-113959 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 25 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41620-113959 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41641-113959 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579240-113959 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959 + Details
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