Stockholders' Equity

9 Months Ended

Sep. 29, 2013

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders' Equity

Common Stock Repurchase Program

On October 21, 2008, the Company’s Board of Directors authorized management to repurchase up to 6,000,000 shares of the Company’s outstanding common stock. Under this authorization, the timing and actual number of shares subject to repurchase are at the discretion of management and are contingent on a number of factors, such as levels of cash generation from operations, cash requirements for acquisitions and the price of the Company’s common stock. The Company did not repurchase any shares under this authorization during the three and nine months ended September 29, 2013, and September 30, 2012.

The Company repurchased approximately 14,000 shares, or $0.5 million of common stock under a repurchase program to help administratively facilitate the withholding and subsequent remittance of personal income and payroll taxes for individuals receiving RSUs during the nine months ended September 29, 2013. Similarly, during the nine months ended September 30, 2012, the Company repurchased approximately 22,000 shares, or $0.8 million of common stock, under the same program to help facilitate tax withholding for RSUs.

These shares were retired upon repurchase. The Company’s policy related to repurchases of its common stock is to charge the excess of cost over par value to retained earnings. All repurchases were made in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended.

Cumulative Other Comprehensive Income (loss), Net

The following table sets forth the changes in accumulated other comprehensive income by component, net of tax, as of September 29, 2013 and December 31, 2012 (in thousands):

	Gains and losses on available for sale securities			Gains and losses on derivatives			Total
Beginning balance as of December 31, 2012	$	28		$	(24	)	$	4
Other comprehensive (loss) income before reclassifications	(9		)	319			310
Amounts reclassified from accumulated other comprehensive income (loss)	—			(465		)	(465		)
Net current period other comprehensive loss	(9		)	(146		)	(155		)
Ending balance as of September 29, 2013	$	19		$	(170	)	$	(151	)

The following tables provide details about significant amounts reclassified out of each component of accumulated other comprehensive income for the three and nine months ended September 29, 2013, and September 30, 2012 (in thousands):

Details about Accumulated Other Comprehensive Income Components	Three Months Ended September 29, 2013				Nine Months Ended September 29, 2013
	Amount Reclassified from AOCI			Affected Line Item in the Statement of Operations	Amount Reclassified from AOCI			Affected Line Item in the Statement of Operations
Gains and losses on cash flow hedge:
Foreign currency forward contracts	$	2		Net revenue	$	522		Net revenue
Foreign currency forward contracts	(2		)	Cost of revenue	(5		)	Cost of revenue
Foreign currency forward contracts	42			Operating expenses	(52		)	Operating expenses
	42			Total before tax	465			Total before tax
	—			Tax expense (1)	—			Tax expense (1)
	$	42		Total, net of tax	$	465		Total, net of tax

(1) Under our tax structure all hedging gains and losses from derivative contracts are ultimately borne by a legal entity in a jurisdiction with no income tax.

Details about Accumulated Other Comprehensive Income Components	Three Months Ended September 30, 2012				Nine Months Ended September 30, 2012
	Amount Reclassified from AOCI			Affected Line Item in the Statement of Operations	Amount Reclassified from AOCI			Affected Line Item in the Statement of Operations
Gains and losses on cash flow hedge:
Foreign currency forward contracts	$	(253	)	Net revenue	$	431		Net revenue
Foreign currency forward contracts	5			Cost of revenue	(2		)	Cost of revenue
Foreign currency forward contracts	140			Operating expenses	(100		)	Operating expenses
	(108		)	Total before tax	329			Total before tax
	—			Tax expense (1)	—			Tax expense (1)
	$	(108	)	Total, net of tax	$	329		Total, net of tax

(1) Under our tax structure all hedging gains and losses from derivative contracts are ultimately borne by a legal entity in a jurisdiction with no income tax.