v2.4.0.6
Fair Value of Financial Instruments and Non-Financial Assets and Liabilities (Details) (USD $)
In Thousands, unless otherwise specified
Jul. 08, 2011
Jan. 19, 2011
Sep. 29, 2012
Fair Value, Measurements, Recurring [Member]
Dec. 31, 2011
Fair Value, Measurements, Recurring [Member]
Sep. 29, 2012
Fair Value, Measurements, Recurring [Member]
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Dec. 31, 2011
Fair Value, Measurements, Recurring [Member]
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Sep. 29, 2012
Fair Value, Measurements, Recurring [Member]
Significant Other Observable Inputs (Level 2) [Member]
Dec. 31, 2011
Fair Value, Measurements, Recurring [Member]
Significant Other Observable Inputs (Level 2) [Member]
Sep. 29, 2012
Fair Value, Measurements, Recurring [Member]
Unobservable Inputs (Level 3) [Member]
Dec. 31, 2011
Fair Value, Measurements, Recurring [Member]
Unobservable Inputs (Level 3) [Member]
Fair value of assets and liabilities                    
Firm commitment $ (700) $ 600 $ 2,664 [1],[2] $ 3,807 [1],[2],[3] $ 0 [1] $ 0 [1],[3] $ 2,664 [1] $ 3,807 [1],[3] $ 0 [1] $ 0 [1],[3]
Derivative liability:                    
Foreign exchange contract     $ (2,664) [1],[2] $ (3,954) [1],[2],[3] $ 0 [1] $ 0 [1],[3] $ (2,664) [1] $ (3,954) [1],[3] $ 0 [1] $ 0 [1],[3]
[1] As more fully disclosed in Note 11 “Derivative and Other Financial Instruments and Hedging Activities”, the Company entered into the June 2011 FX Forward Contracts on June 30, 2011 and subsequently amended these agreements in January 2012. The firm commitment and foreign exchange contracts related to the June 2011 FX Forward Contracts, which are included in the table above, are recorded within Property, plant and equipment, net and Accounts payable and accrued liabilities in the Company’s September 29, 2012 and December 31, 2011 Consolidated Balance Sheets.
[2] The fair value of the foreign forward exchange contracts are based on indicative price information obtained via a third-party valuation.
[3] As more fully disclosed in Note 11 “Derivative and Other Financial Instruments and Hedging Activities”, the Company terminated and settled the firm commitment and foreign exchange contracts related to the 2010 FX Forward Contracts on January 19, 2011. The January 19, 2011 fair value of the firm commitment was $0.6 million. The asset was written to fair value as of that date and is included at that amount within Property, plant and equipment, net in the Consolidated Balance Sheet. As more fully disclosed in Note 11 “Derivative and Other Financial Instruments and Hedging Activities”, the Company entered into the January 2011 FX Forward Contracts simultaneously with the termination and settlement of those existing contracts. On July 8, 2011, the Company completed commercial acceptance of the equipment and recognized the related commitment by recording the remaining liability. The July 8, 2011 fair value of the firm commitment was $(0.7) million. The asset was written to fair value as of that date and is included at that amount within Property, plant and equipment, net in the Consolidated Balance Sheet. The net impact of the above activity is a contra-asset of $(0.1) within Property, plant and equipment, net in the Company’s December 31, 2011 Consolidated Balance Sheet. In accordance with ASC 815, the fair value of the January 2011 FX Forward Contracts, which is included in the table above, is recorded within Accounts payable and accrued liabilities in the Company’s December 31, 2011 Consolidated Balance Sheet. The January 2011 FX Forward Contracts expired simultaneously with the final payment on March 23, 2012.