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Derivatives (Tables)
 3 Months Ended
Mar. 28, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Instruments
The following table summarizes the fair value of the Company's derivative instruments in the accompanying condensed consolidated balance sheet:
 
 
 
 
March 28, 2020
 
December 28, 2019
 
 
Balance Sheet Location
 
Asset (Liability) (a)
 
Notional Amount (b)
 
Asset (Liability) (a)
 
Notional Amount
(In thousands)
 
 
 
 
 
Derivatives Designated as Hedging Instruments:
 
 
 
 
 
 
 
 
Derivatives in an Asset Position:
 
 
 
 
 
 
 
 
 
 
Forward currency-exchange contract
 
Other Current Assets
 
$
72

 
$
1,328

 
$
—

 
$
—

2015 Swap Agreement
 
Other Current Assets
 
$
—

 
$
—

 
$
11

 
$
10,000

Derivatives in a Liability Position:
 
 
 
 
 
 
 
 
 
 
Forward currency-exchange contracts
 
Other Current Liabilities
 
$
(52
)
 
$
842

 
$
(75
)
 
$
4,825

2018 Swap Agreement
 
Other Long-Term Liabilities
 
$
(1,275
)
 
$
15,000

 
$
(770
)
 
$
15,000

 
 
 
 
 
 
 
 
 
 
 
Derivatives Not Designated as Hedging Instruments:
 
 

 
 

 
 

 
 

Derivatives in an Asset Position:
 
 
 
 

 
 

 
 

 
 

Forward currency-exchange contracts
 
Other Current Assets
 
$
—

 
$
—

 
$
3

 
$
387

Derivatives in a Liability Position:
 
 
 
 
 
 
 
 
 
 
Forward currency-exchange contracts
 
Other Current Liabilities
 
$
(8
)
 
$
1,032

 
$
(43
)
 
$
2,545


(a) See Note 9, Fair Value Measurements and Fair Value of Financial Instruments, for the fair value measurements relating to these financial instruments.
(b) The total 2020 notional amounts are indicative of the level of the Company's recurring derivative activity.

Activity in Accumulated Other Comprehensive Items (OCI)
The following table summarizes the activity in AOCI associated with the Company's derivative instruments designated as cash flow hedges as of and for the three months ended March 28, 2020:
(In thousands)
 
Interest Rate Swap
Agreements
 
Forward Currency-
Exchange
Contracts
 
Total
Unrealized Loss, Net of Tax, at December 28, 2019
 
$
(589
)
 
$
(55
)
 
$
(644
)
Loss reclassified to earnings (a)
 
26

 
17

 
43

(Loss) gain recognized in AOCI
 
(403
)
 
58

 
(345
)
Unrealized (Loss) Gain, Net of Tax, at March 28, 2020
 
$
(966
)
 
$
20

 
$
(946
)

    
(a) See Note 7, Accumulated Other Comprehensive Items, for the income statement classification.