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ACQUISITIONS AND GOODWILL (Tables)
 9 Months Ended
Oct. 01, 2016
Business Combinations [Abstract]  
Schedule of business acquisitions, by acquisition
The following table summarizes the allocation of the purchase price to the preliminary estimated fair value of the assets acquired and the liabilities assumed as of December 22, 2015, the effective date of the acquisition (in thousands):
Cash paid, net of cash acquired
 
$
215,370

Replacement awards attributable to precombination service
 
1,709

Working capital and other adjustments
 
(3,788
)
Total transaction consideration
 
$
213,291

 
 
 
Inventories
 
$
7,011

Prepaid expenses and other current assets
 
25

Property, plant and equipment and other long-term assets
 
1,190

Goodwill
 
168,021

Amortizing Intangibles:
Useful Lives
 
  Trade name
6 yrs.
15,700

  Customer lists
5 yrs.
10,800

  Developed technology
7 yrs.
36,100

  Noncompete agreements
3 yrs.
700

Current liabilities
 
(17,019
)
Long-term liabilities
 
(9,237
)
 Total net assets acquired
 
$
213,291
Schedule of changes in the carrying amount of goodwill
The changes in the carrying amount of goodwill were as follows (in thousands):
 
Americas
 
Europe
 
Asia
 
Total
Balance at January 2, 2016
$
283,598

 
$
63,981

 
$
11,815

 
$
359,394

Segment allocation and acquisition adjustments (1)
(78,197
)
 
49,760

 
32,053

 
3,616

Currency
(166
)
 
1,742

 
61

 
1,637

Balance at October 1, 2016
$
205,235

 
$
115,483

 
$
43,929

 
$
364,647


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(1) All goodwill resulting from the Misfit acquisition was recorded in the Americas segment as of January 2, 2016, on a preliminary basis. This line item includes an allocation of the goodwill across reporting segments and also purchase accounting adjustments made during the Year To Date Period.