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DERIVATIVE INSTRUMENTS (Tables)
3 Months Ended
Mar. 30, 2013
DERIVATIVE INSTRUMENTS  
Summary of fair value and presentation in Condensed Consolidated Financial Statements for derivatives designated as hedging instruments and derivatives not designated as hedging instruments

 

 

 

Foreign Currency Contracts Designated as Hedging Instruments

 

In thousands

 

Asset Derivatives

 

Liability Derivatives

 

Period

 

Balance Sheet
Location

 

Notional
Amount

 

Fair Value

 

Balance Sheet
Location

 

Notional
Amount

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 30, 2013

 

Other current assets

 

$

16,303

 

$

608

 

Accrued expenses

 

$

--

 

$

--

 

 

 

 

Foreign Currency Contracts Not Designated as Hedging Instruments

 

In thousands

 

Asset Derivatives

 

Liability Derivatives

 

Period

 

Balance Sheet
Location

 

Notional
Amount

 

Fair Value

 

Balance Sheet
Location

 

Notional
Amount

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 30, 2013

 

Other current assets

 

$

--

 

$

--

 

Accrued expenses

 

$

42,277

 

$

157

 

Summary of effect of foreign currency exchange contracts on Condensed Consolidated Financial Statements

 

In thousands

 

Amount of Gain
Recognized in
Accumulated OCI
on Derivative
(Effective Portion)

 

Location of
Reclassified from
Accumulated OCI
into Operations
(Effective and
Ineffective Portion)

 

Amount of Gain
Reclassified from
Accumulated OCI
into Operations
(Effective Portion)

 

Amount of Loss
Recognized in
Operations on
Derivative
(Ineffective
Portion)

 

Three months ended March 30, 2013

 

$

768

 

 

Cost of goods sold

 

$

9

 

 

$

--