Derivative Instruments (Tables)

3 Months Ended

Apr. 01, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

The aggregate notional amount of outstanding derivative contracts were as follows (in thousands):

	April 1, 2012		December 31, 2011
Cash flow hedges	$	201,000	$	193,000
Balance sheet hedges	136,570		131,391
Total outstanding derivative contracts	$	337,570	$	324,391

Schedule of Gain (Loss) Attributable to Foreign Exchange Rate Fluctuations

Changes in fair value of derivatives entered into to mitigate the foreign exchange risks related to these balance sheet items are recorded in other income (expense) together with the transaction gain or loss from the respective balance sheet position as follows (in thousands):

	Thirteen Weeks Ended
	April 1, 2012			April 3, 2011
Foreign currency (loss) gain, inclusive of the impact of derivatives	$	(2,182	)	$	148

Schedule of Derivative Instruments in Statement of Financial Position

The fair value carrying amount of our derivative instruments was included in our balance sheet as follows (in thousands):

	Fair Value of Derivatives at				Fair Value of Derivatives at
	April 1, 2012				December 31, 2011
	Other Current Assets		Other Current Liabilities		Other Current Assets		Other Current Liabilities
Derivatives Designated as Hedging Instruments
Foreign exchange contracts in asset position	$	—	$	—	$	—	$	—
Foreign exchange contracts in liability position	—		1,215		—		7,252
Derivatives Not Designated as Hedging Instruments
Foreign exchange contracts in asset position	$	2,260	$	—	$	1,668	$	—
Foreign exchange contracts in liability position	—		459		—		8,383

Schedule of Derivative Instruments, Gain (Loss) in Statement of Operations

The effect of derivative instruments was as follows (in thousands):

	Thirteen Weeks Ended
Foreign Exchange Contracts in Cash Flow Hedging Relationships	April 1, 2012			April 3, 2011
Amount of gain/(loss):
Recognized in OCI (effective portion)	$	(1,215	)	$	4,991
Reclassified from accumulated OCI into cost of sales (effective portion)	(270		)	682
Recognized in other, net (ineffective portion and amount excluded from effectiveness testing)	34			58
Foreign Exchange Contracts Not in Cash Flow Hedging Relationships
Amount of gain/(loss):
Recognized in other, net	$	826		$	3,839