Derivatives (Tables)

12 Months Ended

Dec. 29, 2012

The following table summarizes the fair value of the Company's derivative instruments designated and not designated as hedging instruments, the notional values of the associated derivative contracts, and the location of these instruments in the consolidated balance sheet:

		2012					2011
(In thousands)	Balance Sheet Location	Asset (Liability) (a)			Notional Amount (b)		Asset (Liability) (a)			Notional Amount (b)
Derivatives Designated as Hedging Instruments:
Derivatives in an Asset Position:
Forward currency-exchange contracts	Other Current Assets	$	5		$	269	$	22		$	421
Derivatives in a Liability Position:
Forward currency-exchange contracts	Other Current Liabilities	$	(161	)	$	3,180	$	(462	)	$	6,635
Interest rate swap agreement	Other Current Liabilities	$	(19	)	$	–	$	–		$	–
Interest rate swap agreements	Other Long-Term Liabilities	$	(1,029	)	$	6,875	$	(1,401	)	$	12,250

Derivatives Not Designated as Hedging Instruments:
Derivatives in a Asset Position:
Forward currency-exchange contracts	Other Current Assets	$	24		$	1,013	$	–		$	–
Derivatives in a Liability Position:
Forward currency-exchange contracts	Other Current Liabilities	$	(12	)	$	815	$	(82	)	$	1,775

(a)	See Note 11 for the fair value measurements relating to these financial instruments.

(b)	The total notional amount is indicative of the level of the Company's derivative activity during 2012 and 2011.

Activity in accumulated other comprehensive items (OCI)

The following table summarizes the activity in accumulated other comprehensive items (OCI) associated with the Company's derivative instruments designated as cash flow hedges as of and for the period ended December 29, 2012:

(In thousands)	Interest Rate Swap Agreements			Forward Currency- Exchange Contracts			Total
Unrealized loss, net of tax, at December 31, 2011	$	1,166		$	267		$	1,433
Loss reclassified to earnings (a)		(328	)		(264	)		(592	)
Loss recognized in OCI		101			104			205
Unrealized loss, net of tax, at December 29, 2012	$	939		$	107		$	1,046

(a)	Included in interest expense for interest rate swap agreements and in revenues for forward currency-exchange contracts in the accompanying consolidated statement of income.