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Derivative Instruments and Hedging Activity Tables (Tables)
3 Months Ended
Mar. 29, 2019
Derivative Instruments, Gain (Loss) [Line Items]  
DerivativeInstrumentsNonHedging [Table Text Block]
The following table summarizes the notional amount and the fair value of the Company’s outstanding derivatives not designated as hedging instruments (on a gross basis) and balance sheet classification as of March 29, 2019 and December 31, 2018:
 
 
March 29, 2019
 
December 31, 2018
(Thousands)
 
Notional
Amount
 
Fair
Value
 
Notional
Amount
 
Fair
Value
Foreign currency forward contracts - euro
 
 
 
 
 
 
 
 
Prepaid expenses
 
$
4,379

 
$
154

 
$
8,767

 
$
244

Other liabilities and accrued items
 
3,514

 
133

 
8,771

 
249

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]
following table summarizes the notional amount and the fair value of the Company’s outstanding derivatives designated as cash flow hedges (on a gross basis) and balance sheet classification as of March 29, 2019 and December 31, 2018:
 
 
March 29, 2019
 
December 31, 2018
(Thousands)
 
Notional
Amount
 
Fair
Value
 
Notional
Amount
 
Fair
Value
Prepaid expenses
 
 
 
 
 
 
 
 
Foreign currency forward contracts - yen
 
$
2,081

 
$
60

 
$

 
$

Foreign currency forward contracts - euro
 
14,922

 
270

 
725

 
2

Precious metal swaps
 
3,374

 
112

 
4,533

 
237

Copper swaps
 
5,123

 
273

 

 

Total
 
25,500

 
715

 
5,258

 
239

 
 
 
 
 
 
 
 
 
Other assets
 
 
 
 
 
 
 
 
Foreign currency forward contracts - euro
 
553

 
11

 

 

Total
 
553

 
11

 

 

 
 
 
 
 
 
 
 
 
Other liabilities and accrued items
 
 
 
 
 
 
 
 
Foreign currency forward contracts - yen
 
823

 
1

 
1,264

 
17

Foreign currency forward contracts - euro
 
1,236

 
2

 
19,158

 
166

Precious metal swaps
 
3,134

 
144

 
2,864

 
135

Copper swaps
 
2,372

 
29

 
11,170

 
569

Total
 
7,565

 
176

 
34,456

 
887

 
 
 
 
 
 
 
 
 
Total
 
$
33,618

 
$
550

 
$
39,714

 
$
648

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]
The following table summarizes the amounts reclassified from accumulated other comprehensive income relating to the hedging relationship of the Company’s outstanding derivatives designated as cash flow hedges and income statement classification as of March 29, 2019:
 
 
 
 
First Quarter Ended
 
 
 
 
March 29,
(Thousands)
 
 
 
2019
Hedging relationship
 
Line item
 
 
Foreign currency forward contracts - yen
 
Net sales
 
$
8

Foreign currency forward contracts - euro
 
Net sales
 
(6
)
Precious metal swaps
 
Cost of sales
 
(61
)
Copper swaps
 
Cost of sales
 
(71
)
Total
 
 
 
$
(130
)