Derivatives and Hedging Activities (Tables)

6 Months Ended

Jun. 29, 2014

Derivative Instruments, Gain (Loss)

Schedule of Derivative Instruments

As of June 29, 2014, the notional amount and unrealized loss on the effective portion of the Company’s outstanding foreign exchange forward contracts to purchase Japanese yen that are designated as cash flow hedges are shown in both Japanese yen (in billions) and U.S. dollar (in thousands), based upon the exchange rate as of June 29, 2014, as follows:

	Notional Amount				Unrealized Loss
	(Japanese yen)		(U.S. dollar)		(U.S. dollar)
Foreign exchange forward contracts	¥	48.8	$	481,350	$	(5,932	)

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

Gross fair value of derivative contracts was as follows (in thousands):

	Derivative assets reported in
	Other Current Assets				Other Non-current Assets
	June 29, 2014		December 29, 2013		June 29, 2014		December 29, 2013
Foreign exchange forward contracts designated	$	1,106	$	—	$	—	$	—
Foreign exchange forward contracts not designated	634		777		—		—
Total derivatives	$	1,740	$	777	$	—	$	—

	Derivative liabilities reported in
	Other Current Accrued Liabilities				Non-current Liabilities
	June 29, 2014		December 29, 2013		June 29, 2014		December 29, 2013
Foreign exchange forward contracts designated	$	7,038	$	38,375	$	—	$	118
Foreign exchange forward contracts not designated	320		7,366		—		—
Total derivatives	$	7,358	$	45,741	$	—	$	118

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

The impact of the effective portion of designated cash flow derivative contracts on the Company’s results of operations was as follows (in thousands):

	Three months ended											Six months ended
	Amount of gain (loss) recognized in OCI					Amount of loss reclassified from AOCI to earnings						Amount of gain (loss) recognized in OCI					Amount of loss reclassified from AOCI to earnings
	June 29, 2014		June 30, 2013			June 29, 2014			June 30, 2013			June 29, 2014		June 30, 2013			June 29, 2014			June 30, 2013
Foreign exchange forward contracts	$	5,450	$	(7,263	)	$	(7,843	)	$	(17,933	)	$	18,918	$	(37,893	)	$	(9,407	)	$	(19,374	)

Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net

The following table presents the forward points excluded for the purposes of cash flow hedging designation recognized in other income (expense) (in thousands):

	Three months ended						Six months ended
	June 29, 2014			June 30, 2013			June 29, 2014			June 30, 2013
Foreign exchange forward contracts	$	(253	)	$	(139	)	$	(711	)	$	(446	)

Effect Of Non-designated Derivative Contracts

The effect of non-designated derivative contracts on the Company’s results of operations recognized in other income (expense) was as follows (in thousands):

	Three months ended						Six months ended
	June 29, 2014			June 30, 2013			June 29, 2014			June 30, 2013
Gain (loss) on foreign exchange forward contracts including forward point income	$	1,089		$	(3,194	)	$	3,275		$	6,465
Gain (loss) from revaluation of foreign currency exposures hedged by foreign exchange forward contracts	(1,007		)	1,975			(2,750		)	(9,408		)