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DERIVATIVES AND RISK MANAGEMENT (Tables) | 9 Months Ended
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Sep. 28, 2013
Derivatives |
Schedule of outstanding forward contracts | As of September 28, 2013, the Company had the following outstanding forward contracts that were entered into to hedge the future payments of intercompany inventory transactions (in millions):
Functional Currency |  | Contract Currency |
Type |  | Amount |  | Type |  | Amount |
Euro |  | 175.8 |  | U.S. Dollar |  | 231.6 |
British Pound |  | 21.7 |  | U.S. Dollar |  | 33.7 |
Canadian Dollar |  | 31.0 |  | U.S. Dollar |  | 30.1 |
Japanese Yen |  | 2,342.0 |  | U.S. Dollar |  | 25.6 |
Mexican Peso |  | 166.0 |  | U.S. Dollar |  | 12.8 |
Australian Dollar |  | 12.1 |  | U.S. Dollar |  | 11.4 |
Schedule of effective portion of gains and losses on derivative instruments recognized in other comprehensive income (loss), net of taxes | The effective portion of gains and losses on derivative instruments that was recognized in other comprehensive income (loss), net of taxes during the Third Quarter, Prior Year Quarter, Year To Date Period and the Prior Year YTD Period is set forth below (in thousands):
Derivatives Designated as Cash |  | For the 13 Weeks Ended |  | For the 13 Weeks Ended |
Flow Hedges Under ASC 815 |  | September 28, 2013 |  | September 29, 2012 |
Foreign exchange forward contracts |  | $ | (4,733 | ) | $ | (121 | )
Interest rate swap |  | (922 | ) | 0 |
Total loss recognized in other comprehensive income |  | $ | (5,655 | ) | $ | (121 | )
|  | For the 39 Weeks |  | For the 39 Weeks |
Derivatives Designated as Cash |  | Ended |  | Ended |
Flow Hedges Under ASC 815 |  | September 28, 2013 |  | September 29, 2012 |
Foreign exchange forward contracts |  | $ | 1,055 |  | $ | 3,090 |
Interest rate swap |  | (922 | ) | 0 |
Total gain recognized in other comprehensive income |  | $ | 133 |  | $ | 3,090 |
Schedule of effective portion of gains and losses on derivative instruments recorded in other comprehensive income (loss), net of taxes during the term of the hedging relationship and reclassified into earnings and gains and losses on derivatives not designated as hedging instruments recorded | The following table illustrates the effective portion of gains and losses on derivative instruments recorded in other comprehensive income (loss), net of taxes during the term of the hedging relationship and reclassified into earnings, and gains and losses on derivatives not designated as hedging instruments recorded directly to earnings during the Third Quarter, Prior Year Quarter, Year To Date Period, and Prior Year YTD Period (in thousands):
|  | Condensed |  |  |  |  |  |  |
|  | Consolidated |  |  |  |  |  |  |
|  | Statements of Comprehensive |  |  |  | For the 13 Weeks |  | For the 13 Weeks |
Derivative Contracts Under |  | Income |  |  |  | Ended |  | Ended |
ASC 815 |  | Location |  |  |  | September 28, 2013 |  | September 29, 2012 |
Foreign exchange contracts designated as cash flow hedging instruments |  | Other income-net |  | Total gain reclassified from other comprehensive income |  | $ | 326 |  | $ | 1,862 |
Foreign exchange contracts not designated as hedging instruments |  | Other income-net |  | Total gain (loss) recognized in income |  | $ | 0 |  | $ | 0 |
Interest rate swap designated as cash flow hedging instruments |  | Interest expense |  | Total loss reclassified from other comprehensive income |  | $ | (290 | ) | $ | 0 |
|  | Condensed |  |  |  |  |  |  |
|  | Consolidated |  |  |  |  |  |  |
|  | Statements of |  |  |  | For the 39 Weeks |  | For the 39 Weeks |
Derivative Contracts Under |  | Comprehensive |  |  |  | Ended September 28, |  | Ended September 29, |
ASC 815 |  | Income Location |  |  |  | 2013 |  | 2012 |
Foreign exchange contracts designated as cash flow hedging instruments |  | Other income-net |  | Total gain reclassified from other comprehensive income |  | $ | 1,124 |  | $ | 4,165 |
Foreign exchange contracts not designated as hedging instruments |  | Other income-net |  | Total (loss) recognized in income |  | $ | (74 | ) | $ | 0 |
Interest rate swap designated as cash flow hedging instruments |  | Interest expense |  | Total loss reclassified from other comprehensive income |  | $ | (290 | ) | $ | 0 |
Schedule of fair value amounts for derivative instruments as separate asset and liability values on a gross basis and their location on condensed consolidated balance sheets | 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 |
|  | September 28, 2013 |  | December 29, 2012 |  | September 28, 2013 |  | December 29, 2012 |
|  | Condensed |  |  |  | Condensed |  |  |  | Condensed |  |  |  | Condensed |  |  |
|  | Consolidated |  |  |  | Consolidated |  |  |  | Consolidated |  |  |  | Consolidated |  |  |
Derivative Contracts Under |  | Balance |  | Fair |  | Balance |  | Fair |  | Balance |  | Fair |  | Balance |  | Fair |
ASC 815 |  | Sheets Location |  | Value |  | Sheets Location |  | Value |  | Sheets Location |  | Value |  | Sheets Location |  | Value |
Foreign exchange contracts designated as cash flow hedging instruments |  | Prepaid expenses and other current assets |  | $ | 2,893 |  | Prepaid expenses and other current assets |  | $ | 2,336 |  | Accrued expenses- other |  | $ | 6,857 |  | Accrued expenses- other |  | $ | 4,560 |
Interest rate contracts designated as cash flow hedging instruments |  | Prepaid expenses and other current assets |  | 0 |  | Prepaid expenses and other current assets |  | 0 |  | Accrued expenses- other |  | 219 |  | Accrued expenses- other |  | 0 |
Foreign exchange contracts designated as cash flow hedging instruments |  | Intangible and other assets- net |  | 49 |  | Intangible and other assets- net |  | 240 |  | Other long-term liabilities |  | 1,065 |  | Other long-term liabilities |  | 582 |
Interest rate contracts designated as cash flow hedging instruments |  | Intangible and other assets- net |  | 0 |  | Intangible and other assets- net |  | 0 |  | Other long-term liabilities |  | 784 |  | Other long-term liabilities |  | 0 |
Total |  |  |  | $ | 2,942 |  |  |  | $ | 2,576 |  |  |  | $ | 8,925 |  |  |  | $ | 5,142 |

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- Definition Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959 + Details
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- 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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959 Reference 2: 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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- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579245-113959 + Details
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