Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 27, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule Of Fair Values Of The Company's Derivative Instruments And The Line Items On The Consolidated Balance Sheets

The fair values of the Company’s derivative instruments and the line items on the unaudited condensed consolidated balance sheets to which they were recorded as of September 27, 2015 and December 31, 2014 are summarized as follows (in thousands):



Derivative Assets	Balance Sheet Location	Fair Value at September 27, 2015		Balance Sheet Location	Fair Value at December 31, 2014
Derivative assets not designated as hedging instruments	Prepaid expenses and other current assets	$	505	Prepaid expenses and other current assets	$	2,416
Derivative assets designated as hedging instruments	Prepaid expenses and other current assets	32		Prepaid expenses and other current assets	—
Total		$	537		$	2,416



Derivative Liabilities	Balance Sheet Location	Fair Value at September 27, 2015		Balance Sheet Location	Fair Value at December 31, 2014
Derivative liabilities not designated as hedging instruments	Other accrued liabilities	$	641	Other accrued liabilities	$	409
Derivative liabilities designated as hedging instruments	Other accrued liabilities	37		Other accrued liabilities	38
Total		$	678		$	447

Schedule of Offsetting of Derivative Assets

The following tables set forth the offsetting of derivative assets as of September 27, 2015 and December 31, 2014 (in thousands):



As of September 27, 2015							Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
As of September 27, 2015	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Condensed Consolidated Balance Sheets		Net Amounts Of Assets Presented in the Condensed Consolidated Balance Sheets		Financial Instruments			Cash Collateral Pledged		Net Amount
Barclays	$	73	$	—	$	73	$	(73	)	$	—	$	—
Wells Fargo	464		—		464		(283		)	—		181
Total	$	537	$	—	$	537	$	(356	)	$	—	$	181



As of December 31, 2014							Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
As of December 31, 2014	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Condensed Consolidated Balance Sheets		Net Amounts Of Assets Presented in the Condensed Consolidated Balance Sheets		Financial Instruments			Cash Collateral Pledged		Net Amount
Barclays	$	319	$	—	$	319	$	(16	)	$	—	$	303
Wells Fargo	2,097		—		2,097		(431		)	—		1,666
Total	$	2,416	$	—	$	2,416	$	(447	)	$	—	$	1,969

Schedule of Offsetting of Derivative Liabilities

The following tables set forth the offsetting of derivative liabilities as of September 27, 2015 and December 31, 2014 (in thousands):



As of September 27, 2015							Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
As of September 27, 2015	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Condensed Consolidated Balance Sheets		Net Amounts Of Liabilities Presented in the Condensed Consolidated Balance Sheets		Financial Instruments			Cash Collateral Pledged		Net Amount
Barclays	$	372	$	—	$	372	$	(73	)	$	—	$	299
JP Morgan Chase	23		—		23		—			—		23
Wells Fargo	283		—		283		(283		)	—		—
Total	$	678	$	—	$	678	$	(356	)	$	—	$	322



As of December 31, 2014							Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
As of December 31, 2014	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Condensed Consolidated Balance Sheets		Net Amounts Of Liabilities Presented in the Condensed Consolidated Balance Sheets		Financial Instruments			Cash Collateral Pledged		Net Amount
Barclays	$	16	$	—	$	16	$	(16	)	$	—	$	—
Wells Fargo	431		—		431		(431		)	—		—
Total	$	447	$	—	$	447	$	(447	)	$	—	$	—

Schedule Of Company's Derivative Instruments On Other Comprehensive Income And The Consolidated Statement Of Operations

The effects of the Company’s derivative instruments on OCI and the unaudited condensed consolidated statement of operations for the three and nine months ended September 27, 2015 and September 28, 2014 are summarized as follows (in thousands):



Derivatives Designated as Hedging Instruments	Three Months Ended September 27, 2015
Derivatives Designated as Hedging Instruments	Gain (Loss) Recognized in OCI - Effective Portion (a)			Location of Gain (Loss) Reclassified from OCI into Income - Effective Portion	Gain (Loss) Reclassified from OCI into Income - Effective Portion (a)			Location of Gain (Loss) Recognized in Income and Excluded from Effectiveness Testing	Amount of Gain (Loss) Recognized in Income and Excluded from Effectiveness Testing
Cash flow hedges:
Foreign currency forward contracts	$	(416	)	Net revenue	$	(552	)	Other income (expense), net	$	(9	)
Foreign currency forward contracts	—			Cost of revenue	3			Other income (expense), net	—
Foreign currency forward contracts	—			Operating expenses	123			Other income (expense), net	—
Total	$	(416	)		$	(426	)		$	(9	)


(a)	Refer to Note 8, Stockholders' Equity, which summarizes the accumulated other comprehensive income activity related to derivatives.



Derivatives Designated as Hedging Instruments	Nine Months Ended September 27, 2015
Derivatives Designated as Hedging Instruments	Gain (Loss) Recognized in OCI - Effective Portion (a)			Location of Gain (Loss) Reclassified from OCI into Income - Effective Portion	Gain (Loss) Reclassified from OCI into Income - Effective Portion (a)			Location of Gain (Loss) Recognized in Income and Excluded from Effectiveness Testing	Amount of Gain (Loss) Recognized in Income and Excluded from Effectiveness Testing
Cash flow hedges:
Foreign currency forward contracts	$	(1,299	)	Net revenue	$	(1,474	)	Other income (expense), net	$	(43	)
Foreign currency forward contracts	—			Cost of revenue	7			Other income (expense), net	—
Foreign currency forward contracts	—			Operating expenses	270			Other income (expense), net	—
Total	$	(1,299	)		$	(1,197	)		$	(43	)


(a)	Refer to Note 8, Stockholders' Equity, which summarizes the accumulated other comprehensive income activity related to derivatives.



Derivatives Designated as Hedging Instruments	Three Months Ended September 28, 2014
Derivatives Designated as Hedging Instruments	Gain (Loss) Recognized in OCI - Effective Portion (a)		Location of Gain (Loss) Reclassified from OCI into Income - Effective Portion	Gain (Loss) Reclassified from OCI into Income - Effective Portion (a)			Location of Gain (Loss) Recognized in Income and Excluded from Effectiveness Testing	Amount of Gain (Loss) Recognized in Income and Excluded from Effectiveness Testing
Cash flow hedges:
Foreign currency forward contracts	$	401	Net revenue	$	320		Other income (expense), net	$	(41	)
Foreign currency forward contracts	—		Cost of revenue	—			Other income (expense), net	—
Foreign currency forward contracts	—		Operating expenses	(58		)	Other income (expense), net	—
Total	$	401		$	262			$	(41	)


(a)	Refer to Note 8, Stockholders' Equity, which summarizes the accumulated other comprehensive income activity related to derivatives.



Derivatives Designated as Hedging Instruments	Nine Months Ended September 28, 2014
Derivatives Designated as Hedging Instruments	Gain (Loss) Recognized in OCI - Effective Portion (a)			Location of Gain (Loss) Reclassified from OCI into Income - Effective Portion	Gain (Loss) Reclassified from OCI into Income - Effective Portion (a)			Location of Gain (Loss) Recognized in Income and Excluded from Effectiveness Testing	Amount of Gain (Loss) Recognized in Income and Excluded from Effectiveness Testing
Cash flow hedges:
Foreign currency forward contracts	$	(170	)	Net revenue	$	(221	)	Other income (expense), net	$	(107	)
Foreign currency forward contracts	—			Cost of revenue	8			Other income (expense), net	—
Foreign currency forward contracts	—			Operating expenses	(23		)	Other income (expense), net	—
Total	$	(170	)		$	(236	)		$	(107	)


(a)	Refer to Note 8, Stockholders' Equity, which summarizes the accumulated other comprehensive income activity related to derivatives.

Schedule Of Derivatives Not Designated As Hedging Instruments

The effects of the Company’s non-designated hedged included in other income (expense), net in the unaudited condensed consolidated statements of operations for the three and nine months ended September 27, 2015 and September 28, 2014 are as follows (in thousands):



Derivatives Not Designated as Hedging Instruments	Location of Gains (Losses) Recognized in Income on Derivative	Amount of Gains (Losses) Recognized in Income
		Three Months Ended				Nine Months Ended
		September 27, 2015		September 28, 2014		September 27, 2015		September 28, 2014
Foreign currency forward contracts	Other income (expense), net	$	1,267	$	3,567	$	3,278	$	1,629