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Foreign Currency and Other, Net
9 Months Ended
Sep. 28, 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).
Amounts associated with these components for the respective periods are as follows:
In thousands
Three Months
Ended
September 28,
2013
Three Months
Ended
September 29,
2012
 
Nine Months
Ended
September 28,
2013
Nine Months
Ended
September 29,
2012
Foreign currency gains (losses)
$
(274
)
$
(754
)
 
$
(1,291
)
$
(2,565
)
Other non-operating income (expense)
2,572

(245
)
 
1,269

(1,530
)
Total
$
2,298

$
(999
)
 
$
(22
)
$
(4,095
)

On September 17, 2013, the Company entered into a foreign exchange forward contract with a third-party financial institution used to minimize foreign exchange risk on our potential future cash commitment related to the proposed acquisition of Fiberweb anticipated during the fourth quarter of 2013. As the nature of this transaction is related to a non-operating notional amount, changes in fair value of the Bridge Loan Contract of $2.9 million are included in other non-operating income (expense) in the current period.