Foreign Currency and Other, Net

3 Months Ended

Mar. 30, 2013

Foreign Currency [Abstract]

Foreign Currency and Other, Net

Foreign Currency and Other, Net

Transactions that are denominated in a currency other than an entity's functional currency are subject to changes in exchange rates with the resulting gains and losses recorded within current earnings. The Company includes these gains and losses related to intercompany loans and debt as well as other non-operating activities as a component of Other income (expense).

For the three months ended March 30, 2013, the Company recognized a loss of $1.4 million within Foreign currency and other, net. Amounts associated with foreign currency losses totaled $1.0 million and other non-operating expenses were $0.4 million. For the three months ended March 31, 2012, the Company recognized income of $0.1 million. Amounts associated with foreign currency gains totaled $0.3 million, partially offset by other non-operating expenses of $0.2 million.