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Derivatives and Risk Management (Tables) | 12 Months Ended
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Jan. 03, 2015
Derivatives and Risk Management |
Schedule of outstanding forward contracts | As of January 3, 2015, 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 |  |  | 160.4 |  | U.S. dollar |  |  | 211.6 |
British pound |  |  | 26.0 |  | U.S. dollar |  |  | 42.2 |
Canadian dollar |  |  | 34.4 |  | U.S. dollar |  |  | 30.9 |
Japanese yen |  |  | 2,865.0 |  | U.S. dollar |  |  | 26.8 |
Australian dollar |  |  | 15.0 |  | U.S. dollar |  |  | 13.1 |
Mexican peso |  |  | 164.3 |  | U.S. dollar |  |  | 12.0 |
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 cash flow hedges that was recognized in other comprehensive income (loss), net of taxes during fiscal years 2014 and 2013 was (in thousands):
|  | For the Fiscal Year Ended January 3, 2015 |  | For the Fiscal Year Ended December 28, 2013 |
Cash flow hedges: |  |  |  |  |  |  |
Forward contracts |  | $ | 22,927 |  | $ | (1,391 | )
Interest rate swap |  |  | (2,159 | ) |  | (1,031 | )
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Total gain (loss) recognized in other comprehensive income (loss), net of taxes |  | $ | 20,768 |  | $ | (2,422 | )
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Schedule of effective portion of gains and losses on derivative instruments designated and qualifying as cash flow hedges 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 fiscal years 2014 and 2013 (in thousands):
|  | Consolidated Statements of Income and Comprehensive Income Location |  |  |  | For the Fiscal Year Ended January 3, 2015 |  | For the Fiscal Year Ended December 28, 2013 |
Forward contracts designated as cash flow hedging instruments |  | Other income-net |  | Total gain (loss) reclassified from other comprehensive income (loss) |  | $ | 5,856 |  | $ | (246 | )
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Forward contracts not designated as hedging instruments |  | Other income-net |  | Total gain (loss) recognized in income |  | $ | (148 | ) | $ | 567 |
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Interest rate swap designated as a cash flow hedging instrument |  | Interest expense |  | Total gain loss reclassified from other comprehensive income (loss) |  | $ | (1,763 | ) | $ | (925 | )
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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 consolidated balance sheets in which the fair value amounts for these categories of derivative instruments are included (in thousands):
|  | Asset Derivatives |  | Liability Derivatives |
|  | January 3, 2015 |  | December 28, 2013 |  | January 3, 2015 |  | December 28, 2013 |
|  | Consolidated Balance Sheets Location |  | Fair Value |  | Consolidated Balance Sheets Location |  | Fair Value |  | Consolidated Balance Sheets Location |  | Fair Value |  | Consolidated Balance Sheets Location |  | Fair Value |
Forward contracts designated as cash flow hedging instruments |  | Prepaid expenses and and other current assets |  | $ | 25,867 |  | Prepaid expenses and other current assets |  | $ | 3,289 |  | Accrued expenses-other |  | $ | 0 |  | Accrued expenses-other |  | $ | 7,651 |
Interest rate swap designated as a cash flow hedging instrument |  | Prepaid expenses and and other current assets |  | $ | 0 |  | Prepaid expenses and other current assets |  |  | 0 |  | Accrued expenses-other |  |  | 2,157 |  | Accrued expenses-other |  |  | 2,783 |
Forward contracts designated as cash flow hedging instruments |  | Intangible and other assets-net |  | $ | 1,802 |  | Intangible and other assets-net |  |  | 219 |  | Other long-term liabilities |  |  | 0 |  | Other long-term liabilities |  |  | 563 |
Interest rate swap designated as a cash flow hedging instrument |  | Intangible and other assets-net |  | $ | 1,724 |  | Intangible and other assets-net |  |  | 4,307 |  | Other long-term liabilities |  |  | 357 |  | Other long-term liabilities |  |  | 1,693 |
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Total |  |  |  | $ | 29,393 |  |  |  | $ | 7,815 |  |  |  | $ | 2,514 |  |  |  | $ | 12,690 |
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