Derivative Instruments (Tables)

6 Months Ended

Jul. 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):

	July 1, 2012		December 31, 2011
Cash flow hedges	$	178,000	$	193,000
Balance sheet hedges	165,432		131,391
Total outstanding derivative contracts	$	343,432	$	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						Twenty-Six Weeks Ended
	July 1, 2012			July 3, 2011			July 1, 2012			July 3, 2011
Foreign currency loss, inclusive of the impact of derivatives	$	(863	)	$	(716	)	$	(3,045	)	$	(568	)

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
	July 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	—		6,693		—		7,252
Derivatives Not Designated as Hedging Instruments
Foreign exchange contracts in asset position	$	573	$	—	$	1,668	$	—
Foreign exchange contracts in liability position	—		3,206		—		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					Twenty-Six Weeks Ended
Foreign Exchange Contracts in Cash Flow Hedging Relationships	July 1, 2012			July 3, 2011		July 1, 2012			July 3, 2011
Amount of gain/(loss):
Recognized in OCI (effective portion)	$	6,583		$	5,190	$	5,368		$	10,181
Reclassified from accumulated OCI into cost of sales (effective portion)	(1,122		)	1,983		(1,392		)	2,665
Recognized in other, net (ineffective portion and amount excluded from effectiveness testing)	(21		)	105		13			163
Foreign Exchange Contracts Not in Cash Flow Hedging Relationships
Amount of gain/(loss):
Recognized in other, net	$	(4,457	)	$	950	$	(3,631	)	$	4,789