DERIVATIVES AND RISK MANAGEMENT (Tables)

9 Months Ended

Sep. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of outstanding forward contracts

As of September 30, 2017, the Company had the following outstanding forward contracts designated as cash flow hedges that were entered into to hedge the future payments of inventory transactions (in millions):



Functional Currency		Contract Currency
Type	Amount	Type	Amount
Euro	253.4	U.S. dollar	291.0
Canadian dollar	95.0	U.S. dollar	73.2
British pound	43.5	U.S. dollar	58.1
Japanese yen	4,636.4	U.S. dollar	42.8
Mexican peso	378.6	U.S. dollar	20.3
Australian dollar	21.2	U.S. dollar	16.5
U.S. dollar	41.1	Japanese yen	4,470.0

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 were recognized in other comprehensive income (loss), net of taxes during the Third Quarter, Prior Year Quarter, Year To Date Period and Prior Year YTD Period are set forth below (in thousands):



	For the 13 Weeks Ended September 30, 2017			For the 13 Weeks Ended October 1, 2016
Cash flow hedges:
Forward contracts	$	(13,923	)	$	2,708
Interest rate swaps	3			296
Total gain (loss) recognized in other comprehensive income (loss), net of taxes	$	(13,920	)	$	3,004



	For the 39 Weeks Ended September 30, 2017			For the 39 Weeks Ended October 1, 2016
Cash flow hedges:
Forward contracts	$	(21,731	)	$	2,488
Interest rate swaps	146			(1,217		)
Total gain (loss) recognized in other comprehensive income (loss), net of taxes	$	(21,585	)	$	1,271

Schedule of effective portion of gains and losses on derivative instruments recognized in other comprehensive income (loss), net of taxes reclassified into earnings and derivatives not designated as hedging instruments recorded directly to earnings

The following table illustrates the effective portion of gains and losses on derivative instruments recorded in accumulated 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):



Derivative Instruments	Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) Location	Effect of Derivative Instruments	For the 13 Weeks Ended September 30, 2017			For the 13 Weeks Ended October 1, 2016
Forward contracts designated as cash flow hedging instruments	Other income (expense)-net	Total gain (loss) reclassified from accumulated other comprehensive income (loss)	$	(4,133	)	$	1,907
Forward contracts not designated as hedging instruments	Other income (expense)-net	Total gain (loss) recognized in income	$	(12	)	$	75
Interest rate swap designated as a cash flow hedging instrument	Interest expense	Total gain (loss) reclassified from accumulated other comprehensive income (loss)	$	(16	)	$	(263	)



Derivative Instruments	Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) Location	Effect of Derivative Instruments	For the 39 Weeks Ended September 30, 2017			For the 39 Weeks Ended October 1, 2016
Forward contracts designated as cash flow hedging instruments	Other income (expense)-net	Total gain (loss) reclassified from accumulated other comprehensive income (loss)	$	36		$	6,858
Forward contracts not designated as hedging instruments	Other income (expense)-net	Total gain (loss) recognized in income	$	170		$	(222	)
Interest rate swap designated as a cash flow hedging instrument	Interest expense	Total gain (loss) reclassified from accumulated other comprehensive income (loss)	$	(257	)	$	(846	)

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 30, 2017			December 31, 2016			September 30, 2017			December 31, 2016
Derivative Instruments	Condensed Consolidated Balance Sheets Location	Fair Value		Condensed Consolidated Balance Sheets Location	Fair Value		Condensed Consolidated Balance Sheets Location	Fair Value		Condensed Consolidated Balance Sheets Location	Fair Value
Forward contracts designated as cash flow hedging instruments	Prepaid expenses and other current assets	$	2,710	Prepaid expenses and other current assets	$	23,288	Accrued expenses- other	$	15,215	Accrued expenses- other	$	4,696
Forward contracts not designated as cash flow hedging instruments	Prepaid expenses and other current assets	72		Prepaid expenses and other current assets	—		Accrued expenses- other	1		Accrued expenses- other	2
Interest rate swap designated as a cash flow hedging instrument	Prepaid expenses and other current assets	109		Prepaid expenses and other current assets	—		Accrued expenses- other	15		Accrued expenses- other	613
Forward contracts designated as cash flow hedging instruments	Intangible and other assets-net	448		Intangible and other assets-net	5,648		Other long-term liabilities	4,557		Other long-term liabilities	268
Interest rate swap designated as a cash flow hedging instrument	Intangible and other assets-net	—		Intangible and other assets-net	73		Other long-term liabilities	—		Other long-term liabilities	—
Total		$	3,339		$	29,009		$	19,788		$	5,579