Derivative Financial Instruments (Tables)

9 Months Ended

Oct. 02, 2016

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 October 2, 2016 and December 31, 2015 are summarized as follows (in thousands):



Derivative Assets	Balance Sheet Location	Fair Value at October 2, 2016		Balance Sheet Location	Fair Value at December 31, 2015
Derivative assets not designated as hedging instruments	Prepaid expenses and other current assets	$	431	Prepaid expenses and other current assets	$	3,203
Derivative assets designated as hedging instruments	Prepaid expenses and other current assets	622		Prepaid expenses and other current assets	2
Total		$	1,053		$	3,205



Derivative Liabilities	Balance Sheet Location	Fair Value at October 2, 2016		Balance Sheet Location	Fair Value at December 31, 2015
Derivative liabilities not designated as hedging instruments	Other accrued liabilities	$	1,040	Other accrued liabilities	$	447
Derivative liabilities designated as hedging instruments	Other accrued liabilities	245		Other accrued liabilities	4
Total		$	1,285		$	451

Schedule of Offsetting of Derivative Assets

The following tables set forth the offsetting of derivative assets as of October 2, 2016 and December 31, 2015 (in thousands):



As of October 2, 2016							Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
As of October 2, 2016	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
J.P. Morgan Chase	92		—		92		(92		)	—		—
Wells Fargo	$	961	$	—	$	961	$	(961	)	$	—	$	—
Total	$	1,053	$	—	$	1,053	$	(1,053	)	$	—	$	—



As of December 31, 2015							Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
As of December 31, 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	$	577	$	—	$	577	$	(56	)	$	—	$	521
Wells Fargo	2,628		—		2,628		(395		)	—		2,233
Total	$	3,205	$	—	$	3,205	$	(451	)	$	—	$	2,754

Schedule of Offsetting of Derivative Liabilities

The following tables set forth the offsetting of derivative liabilities as of October 2, 2016 and December 31, 2015 (in thousands):



As of October 2, 2016							Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
As of October 2, 2016	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
JP Morgan Chase	$	132	$	—	$	132	$	(92	)	$	—	$	40
Wells Fargo	1,153		—		1,153		(961		)	—		192
Total	$	1,285	$	—	$	1,285	$	(1,053	)	$	—	$	232



As of December 31, 2015							Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
As of December 31, 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	$	56	$	—	$	56	$	(56	)	$	—	$	—
Wells Fargo	395		—		395		(395		)	—		—
Total	$	451	$	—	$	451	$	(451	)	$	—	$	—

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

The pre-tax effects of the Company’s derivative instruments on OCI and the unaudited condensed consolidated statement of operations for the three and nine months ended October 2, 2016 and September 27, 2015 are summarized as follows (in thousands):



Derivatives Designated as Hedging Instruments	Three Months Ended October 2, 2016
Derivatives Designated as Hedging Instruments	Gain (Loss) Recognized in OCI - Effective Portion			Location of Gain (Loss) Reclassified from OCI into Income - Effective Portion	Gain (Loss) Reclassified from OCI into Income - Effective Portion (1)			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	$	(417	)	Net revenue	$	(824	)	Other income (expense), net	$	116
Foreign currency forward contracts	—			Cost of revenue	4			Other income (expense), net	—
Foreign currency forward contracts	—			Operating expenses	163			Other income (expense), net	—
Total	$	(417	)		$	(657	)		$	116

(1) 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 October 2, 2016
Derivatives Designated as Hedging Instruments	Gain (Loss) Recognized in OCI - Effective Portion			Location of Gain (Loss) Reclassified from OCI into Income - Effective Portion	Gain (Loss) Reclassified from OCI into Income - Effective Portion (1)			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	$	(1,116	)	Net revenue	$	(1,543	)	Other income (expense), net	$	169
Foreign currency forward contracts	—			Cost of revenue	4			Other income (expense), net	—
Foreign currency forward contracts	—			Operating expenses	219			Other income (expense), net	—
Total	$	(1,116	)		$	(1,320	)		$	169

(1) 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 27, 2015
Derivatives Designated as Hedging Instruments	Gain (Loss) Recognized in OCI - Effective Portion			Location of Gain (Loss) Reclassified from OCI into Income - Effective Portion	Gain (Loss) Reclassified from OCI into Income - Effective Portion (1)			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	)

(1) 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			Location of Gain (Loss) Reclassified from OCI into Income - Effective Portion	Gain (Loss) Reclassified from OCI into Income - Effective Portion (1)			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	)

(1) 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 hedge included in other income (expense), net in the unaudited condensed consolidated statements of operations for the three and nine months ended October 2, 2016 and September 27, 2015 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
		October 2, 2016			September 27, 2015		October 2, 2016			September 27, 2015
Foreign currency forward contracts	Other income (expense), net	$	(493	)	$	1,267	$	(1,252	)	$	3,278