Entegris (ENTG) 10-Q 5 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 29, 2014	Apr. 21, 2014
Document Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	29-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Trading Symbol	'ENTG	'
Entity Registrant Name	'ENTEGRIS INC	'
Entity Central Index Key	'0001101302	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	139,168,210

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 29, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$381,661	$384,426
Trade accounts and notes receivable, net of allowance for doubtful accounts of $1,872 and $1,779	109,049	101,873
Inventories	100,499	94,074
Deferred tax assets, deferred tax charges and refundable income taxes	14,595	20,844
Other current assets	10,255	11,088
Total current assets	616,059	612,305
Property, plant and equipment, net of accumulated depreciation of $289,466 and $283,815	189,010	186,440
Other assets:	'	'
Intangible assets, net of accumulated amortization of $111,804 and $109,468	41,141	43,509
Deferred tax assets and other noncurrent tax assets	12,041	12,039
Other	25,251	21,001
Total assets	883,502	875,294
Current liabilities:	'	'
Accounts payable	41,168	38,396
Accrued payroll and related benefits	18,251	30,116
Other accrued liabilities	25,104	18,700
Deferred tax liabilities and income taxes payable	6,316	10,373
Total current liabilities	90,839	97,585
Pension benefit obligations and other liabilities	15,566	15,411
Deferred tax liabilities and other noncurrent tax liabilities	5,304	5,455
Commitments and contingent liabilities	'	'
Equity:	'	'
Preferred stock, par value $.01; 5,000,000 shares authorized; none issued and outstanding as of March 29, 2014 and December 31, 2013	0	0
Common stock, par value $.01; 400,000,000 shares authorized; issued and outstanding shares as of March 29, 2014 and December 31, 2013: 139,167,512 and 138,734,442	1,392	1,387
Additional paid-in capital	819,759	819,632
Retained deficit	-74,287	-88,599
Accumulated other comprehensive income	24,929	24,423
Total equity	771,793	756,843
Total liabilities and equity	$883,502	$875,294

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 29, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
Trade accounts and notes receivable, allowance for doubtful accounts	$1,872	$1,779
Property, plant and equipment, accumulated depreciation	289,466	283,815
Intangible assets, Accumulated amortization	$111,804	$109,468
Preferred stock, par value	$0.01	$0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	'	'
Preferred stock, shares outstanding	'	'
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	139,167,512	138,734,442
Common stock, shares outstanding	139,167,512	138,734,442

Condensed_Consolidated_Stateme

Condensed Consolidated Statements Of Operations (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
Net sales	$165,804	$165,070
Cost of sales	94,452	97,942
Gross profit	71,352	67,128
Selling, general and administrative expenses	34,787	32,421
Engineering, research and development expenses	15,690	12,173
Amortization of intangible assets	2,336	2,287
Operating income	18,539	20,247
Other income, net	-16	-1,348
Income before income taxes	18,555	21,595
Income tax expense	4,243	5,198
Net income	$14,312	$16,397
Basic net income per common share	$0.10	$0.12
Diluted net income per common share	$0.10	$0.12
Weighted shares outstanding:	'	'
Basic	138,927	139,025
Diluted	139,706	139,831

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements Of Comprehensive Income (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
Net income	$14,312	$16,397
Other comprehensive income, net of tax	'	'
Foreign currency translation adjustments	484	-11,596
Pension liability adjustments, net of tax	22	43
Other comprehensive income (loss)	506	-11,553
Comprehensive income	$14,818	$4,844

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements Of Equity (USD $)	Total	Common stock	Additional paid-in capital	Retained deficit	Foreign currency translation adjustments [Member]	Defined benefit pension adjustments [Member]
In Thousands
Balance at Dec. 31, 2012	$694,799	$1,385	$809,514	($157,038)	$41,997	($1,059)
Balance (in shares) at Dec. 31, 2012	'	138,458	'	'	'	'
Shares issued under stock plans (in shares)	'	1,418	'	'	'	'
Shares issued under stock plans	4,873	14	4,859	0	0	0
Repurchase and retirement of common stock (shares)	'	-388	'	'	'	'
Repurchase and retirement of common stock	-3,777	-4	-2,265	-1,508	0	0
Share-based compensation expense	1,688	0	1,688	0	0	0
Tax benefit associated with stock plans	740	0	740	0	0	0
Pension liability adjustments, net of tax	43	0	0	0	0	43
Foreign currency translation	-11,596	0	0	0	-11,596	0
Net income	16,397	0	0	16,397	0	0
Balance at Mar. 30, 2013	703,167	1,395	814,536	-142,149	30,401	-1,016
Balance (in shares) at Mar. 30, 2013	'	139,488	'	'	'	'
Balance at Dec. 31, 2013	756,843	1,387	819,632	-88,599	25,280	-857
Balance (in shares) at Dec. 31, 2013	'	138,734	'	'	'	'
Shares issued under stock plans, net of shares withheld for employee taxes (shares)	'	434	'	'	'	'
Shares issued under stock plans, net of shares withheld for employee taxes	-1,989	5	-1,994	0	0	0
Share-based compensation expense	1,877	0	1,877	0	0	0
Tax benefit associated with stock plans	244	0	244	0	0	0
Pension liability adjustments, net of tax	22	0	0	0	0	22
Foreign currency translation	484	0	0	0	484	0
Net income	14,312	0	0	14,312	'	0
Balance at Mar. 29, 2014	$771,793	$1,392	$819,759	($74,287)	$25,764	($835)
Balance (in shares) at Mar. 29, 2014	'	139,168	'	'	'	'

Condensed_Consolidated_Stateme3

Condensed Consolidated Statements Of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
Operating activities:	'	'
Net income	$14,312	$16,397
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation	7,832	7,296
Amortization	2,336	2,287
Share-based compensation expense	1,877	1,688
Other	843	2,043
Changes in operating assets and liabilities:	'	'
Trade accounts receivable and notes receivable	-7,217	-12,893
Inventories	-7,545	-3,758
Accounts payable and accrued liabilities	-3,554	-7,015
Other current assets	827	1,970
Income taxes payable and refundable income taxes	2,012	318
Other	689	-898
Net cash provided by operating activities	12,412	7,435
Investing activities:	'	'
Acquisition of property, plant and equipment	-13,780	-16,140
Proceeds from maturities of short-term investments	0	20,000
Other	395	12
Net cash (used in) provided by investing activities	-13,385	3,872
Financing activities:	'	'
Issuance of common stock	0	4,873
Taxes paid related to net share settlement of equity awards	-1,989	0
Repurchase and retirement of common stock	0	-3,777
Other	244	741
Net cash (used in) provided by financing activities	-1,745	1,837
Effect of exchange rate changes on cash and cash equivalents	-47	-4,717
(Decrease) increase in cash and cash equivalents	-2,765	8,427
Cash and cash equivalents at beginning of period	384,426	330,419
Cash and cash equivalents at end of period	381,661	338,846
Equipment purchases in accounts payable	3,465	4,149
Debt Issuance Costs in other accrued liabilities	$4,242	$0

Summary_of_Significant_Account

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 29, 2014
Summary of Significant Accounting Policies	'
	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Nature of Operations Entegris, Inc. (Entegris or the Company) is a leading provider of a wide range of products for purifying, protecting and transporting critical materials used in processing and manufacturing in the microelectronics and other high-technology industries.
	Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries. Intercompany profits, transactions and balances have been eliminated in consolidation.
	Use of Estimates The preparation of condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, particularly receivables, inventories, property, plant and equipment, and intangibles, accrued expenses and income taxes and related accounts, and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States.
	The condensed consolidated financial statements and notes are presented as permitted by Form 10-Q and do not contain certain information included in the Company’s annual consolidated financial statements and notes. The information included in this Form 10-Q should be read in conjunction with Management’s Discussion and Analysis and consolidated financial statements and notes thereto included in the Company’s Form 10-K for the year ended December 31, 2013. The results of operations for the three months ended March 29, 2014 are not necessarily indicative of the results to be expected for the full year.
	Fair Value of Financial Instruments The carrying value of accounts receivable and accounts payable approximates fair value due to the short maturity of those instruments.
	Recent Accounting Pronouncements
	The Company did not adopt any accounting pronouncements during the period ended March 29, 2014.
	Other Accounting Standards Updates issued not effective for the Company until after March 29, 2014 are not expected to have a material effect on the Company’s condensed consolidated financial statements.

Inventories

Inventories	3 Months Ended
	Mar. 29, 2014
Inventories	'
	INVENTORIES
	Inventories consist of the following:
	(In thousands)	March 29, 2014		December 31, 2013
	Raw materials	$	28,826	$	26,012
	Work-in process	13,464		10,512
	Finished goods(a)	57,676		56,998
	Supplies	533		552
	Total inventories	$	100,499	$	94,074
	(a)	Includes consignment inventories held by customers for $5.1 million and $5.1 million at March 29, 2014 and December 31, 2013, respectively.

Earnings_Per_Common_Share

Earnings Per Common Share	3 Months Ended
	Mar. 29, 2014
Earnings Per Common Share	'
	EARNINGS PER COMMON SHARE
	The following table presents a reconciliation of the denominators used in the computation of basic and diluted earnings per common share (EPS):
		Three months ended
	(In thousands)	29-Mar-14	30-Mar-13
	Basic—weighted common shares outstanding	138,927	139,025
	Weighted common shares assumed upon exercise of stock options and vesting of restricted common stock	779	806
	Diluted—weighted common shares and common shares equivalent outstanding	139,706	139,831
	The Company excluded the following shares underlying stock-based awards from the calculations of diluted EPS because their inclusion would have been anti-dilutive for the three months ended March 29, 2014 and March 30, 2013:
		Three months ended
	(In thousands)	29-Mar-14	30-Mar-13
	Shares excluded from calculations of diluted EPS	1,509	2,194

Fair_Value

Fair Value	3 Months Ended
	Mar. 29, 2014
Fair Value	'
	FAIR VALUE
	Financial Assets Measured at Fair Value on a Recurring Basis
	The following table presents the Company’s financial assets that are measured at fair value on a recurring basis at March 29, 2014 and December 31, 2013. Level 1 inputs are based on quoted prices in active markets accessible at the reporting date for identical assets and liabilities. Level 2 inputs are based on quoted prices for similar instruments in active markets and quoted prices for identical or similar instruments in markets that are not active, or model-based valuation techniques for which all significant assumptions are observable in a market. Level 3 inputs are based on prices or valuations that require inputs that are significant to the valuation and are unobservable.
		March 29, 2014									December 31, 2013
	(In thousands)	Level 1		Level 2			Level 3		Total		Level 1		Level 2		Level 3		Total
	Assets:
	Cash equivalents
	Commercial paper	$	—	$	—		$	—	$	—	$	—	$	49,988	$	—	$	49,988
	Money market fund deposits	187,095		—			—		187,095		118,090		—		—		118,090
	Other current assets
	Foreign exchange forward contracts	—		257			—		257		—		—		—		—
	Total assets measured and recorded at fair value	$	187,095	$	257		$	—	$	187,352	$	118,090	$	49,988	$	—	$	168,078
	Liabilities:
	Foreign exchange forward contracts	$	—	$	—		$	—	$	—	$	—	$	514	$	—	$	514
	Contingent consideration obligation	—		—			1,282		1,282		—		—		1,282		1,282
	Total liabilities measured and recorded at fair value	$	—	$	—		$	1,282	$	1,282	$	—	$	514	$	1,282	$	1,796
	The following table provides information about derivative positions held by the Company as of March 29, 2014 and December 31, 2013:
		March 29, 2014							December 31, 2013
	(In thousands)	Gross		Gross			Net amount		Gross		Gross		Net amount of
		amounts of		amounts			of assets		amounts		amounts		liabilities in the
		recognized		offset in the			in the		of		offset in the		condensed
		assets		condensed			condensed		recognized		condensed		consolidated
				consolidated			consolidated		liabilities		consolidated		balance sheet
				balance			balance				balance
				sheet			sheet				sheet
	Foreign exchange forward contracts	$	292	$	35		$	257	$	620	$	106	$	514
	Gains and losses associated with derivatives are recorded in other income, net in the condensed consolidated statements of operations. Gains (losses) associated with derivative instruments not designated as hedging instruments were as follows:
		Three months ended
	(In thousands)	29-Mar-14		30-Mar-13
	Gains (losses) on forward currency contracts	$	257	$	(3,354	)

Segment_Reporting

Segment Reporting	3 Months Ended
	Mar. 29, 2014
Segment Reporting	'
	SEGMENT REPORTING
	The Company’s financial reporting segments are Contamination Control Solutions (CCS), Microenvironments (ME) and Specialty Materials (SMD), each of which provide unique products and services, are separately managed and have separate financial information evaluated regularly by the Company’s chief operating decision maker in determining resource allocation and assessing performance.
	•	CCS: provides a wide range of products and subsystems that purify, monitor and deliver critical liquids and gases used in the semiconductor manufacturing process.
	•	ME: provides products that protect wafers, reticles and electronic components at various stages of transport, processing and storage related to semiconductor manufacturing.
	•	SMD: provides specialized graphite components used in semiconductor equipment and offers low-temperature, plasma-enhanced chemical vapor deposition coatings of critical components of semiconductor manufacturing equipment used in various stages of the manufacturing process as well as graphite and silicon carbide for certain critical industrial markets.
	Inter-segment sales are not significant. Segment profit is defined as net sales less direct segment operating expenses, excluding certain unallocated expenses, consisting mainly of general and administrative costs for the Company’s human resources, finance and information technology functions as well as interest expense, and amortization of intangible assets.
	Summarized financial information for the Company’s reportable segments is shown in the following table:
		Three months ended
	(In thousands)	March 29, 2014			March 30, 2013
	Net sales
	CCS	$	105,318		$	103,961
	ME	42,791			44,132
	SMD	17,695			16,977
	Total net sales	$	165,804		$	165,070
		Three months ended
	(In thousands)	March 29, 2014			March 30, 2013
	Segment profit
	CCS	$	24,480		$	22,078
	ME	7,837			9,325
	SMD	1,913			2,216
	Total segment profit	$	34,230		$	33,619
	The following table reconciles total segment profit to operating income:
		Three months ended
	(In thousands)	March 29, 2014			March 30, 2013
	Total segment profit	$	34,230		$	33,619
	Less:
	Amortization of intangible assets	2,336			2,287
	Unallocated general and administrative expenses	13,355			11,085
	Operating income	18,539			20,247
	Other income, net	(16		)	(1,348		)
	Income before income taxes	$	18,555		$	21,595

Subsequent_Event

Subsequent Event	3 Months Ended
	Mar. 29, 2014
Subsequent Event	'
Subsequent Event	'
	On April 30, 2014, the Company acquired ATMI, Inc., a Delaware corporation (ATMI), for approximately $1.2 billion in cash pursuant to an Agreement and Plan of Merger (the Merger Agreement) with ATMI and Atomic Merger Corporation, a Delaware corporation and wholly-owned subsidiary of Entegris (Merger Sub). The Merger Agreement provides that, upon the terms and subject to the conditions thereof, Merger Sub would be merged with and into ATMI (the Merger). As a result of the Merger, ATMI became a wholly-owned subsidiary of the Company. The Merger will be accounted for under the acquisition method of accounting and the results of operations of ATMI will be included in the Company's condensed consolidated financial statements as of and since April 30, 2014. Costs of $1.3 million associated with the acquisition of ATMI were expensed as incurred in the three months ended March 29, 2014.
	ATMI is a leading supplier of high-performance materials, materials packaging and materials delivery systems used worldwide in the manufacture of microelectronics devices. Its products consist of “front-end” semiconductor performance materials, sub-atmospheric pressure gas delivery systems for safe handling and delivery of toxic and hazardous gases to semiconductor process equipment, and high-purity materials packaging and dispensing systems that allow for the reliable introduction of low volatility liquids and solids to microelectronics processes. ATMI’s sales for the year ended December 31, 2013 were approximately $361 million.
	The Company was not able to include certain required disclosures in its quarterly report on Form 10-Q for the three months ended March 29, 2014 because the information necessary to complete the preliminary purchase price allocation related to the acquisition was not yet available.
	The Merger was funded with existing cash balances as well as funds raised by the Company through the issuance of debt in the form of a senior secured term loan in an aggregate principal amount of $460 million and senior unsecured notes in an aggregate principal amount of $360 million. On April 1, 2014, the Company issued $360 million aggregate principal amount of 6% senior unsecured notes due April 1, 2022. The Company entered into the senior secured term loan facility on April 30, 2014 in an aggregate principal amount of $460 million. The senior secured term loan is due April 30, 2021 and initially bears interest at a rate per annum equal to the sum of 2.75% plus the applicable LIBOR rate then in effect. In addition to the senior term loan, on April 30, 2014 the Company also entered into a senior secured asset-based revolving credit facility that provides financing of $75 million, subject to a borrowing base.  The senior secured asset-based revolving credit facility is due April 30, 2019 and bears interest at a rate per annum equal to the sum of 2% plus the applicable LIBOR rate then in effect.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 29, 2014
Nature of Operations	'
	Nature of Operations Entegris, Inc. (Entegris or the Company) is a leading provider of a wide range of products for purifying, protecting and transporting critical materials used in processing and manufacturing in the microelectronics and other high-technology industries.
Principles of Consolidation	'
	Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries. Intercompany profits, transactions and balances have been eliminated in consolidation.
Use of Estimates	'
	Use of Estimates The preparation of condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, particularly receivables, inventories, property, plant and equipment, and intangibles, accrued expenses and income taxes and related accounts, and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Basis of Presentation	'
	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States.
	The condensed consolidated financial statements and notes are presented as permitted by Form 10-Q and do not contain certain information included in the Company’s annual consolidated financial statements and notes. The information included in this Form 10-Q should be read in conjunction with Management’s Discussion and Analysis and consolidated financial statements and notes thereto included in the Company’s Form 10-K for the year ended December 31, 2013. The results of operations for the three months ended March 29, 2014 are not necessarily indicative of the results to be expected for the full year.
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments The carrying value of accounts receivable and accounts payable approximates fair value due to the short maturity of those instruments.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	The Company did not adopt any accounting pronouncements during the period ended March 29, 2014.
	Other Accounting Standards Updates issued not effective for the Company until after March 29, 2014 are not expected to have a material effect on the Company’s condensed consolidated financial statements.

Inventories_Tables

Inventories (Tables)	3 Months Ended
	Mar. 29, 2014
Inventories	'
	Inventories consist of the following:
	(In thousands)	March 29, 2014		December 31, 2013
	Raw materials	$	28,826	$	26,012
	Work-in process	13,464		10,512
	Finished goods(a)	57,676		56,998
	Supplies	533		552
	Total inventories	$	100,499	$	94,074
	(a)	Includes consignment inventories held by customers for $5.1 million and $5.1 million at March 29, 2014 and December 31, 2013, respectively.

Earnings_Per_Common_Share_Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 29, 2014
Reconcilation of Share Amount Used in Computaion of Basic and Diluted Earnings Per Share (EPS)	'
	The following table presents a reconciliation of the denominators used in the computation of basic and diluted earnings per common share (EPS):
		Three months ended
	(In thousands)	29-Mar-14	30-Mar-13
	Basic—weighted common shares outstanding	138,927	139,025
	Weighted common shares assumed upon exercise of stock options and vesting of restricted common stock	779	806
	Diluted—weighted common shares and common shares equivalent outstanding	139,706	139,831
Shares Excluded Underlying Stock Based Awards from Calculations of Diluted EPS	'
	The Company excluded the following shares underlying stock-based awards from the calculations of diluted EPS because their inclusion would have been anti-dilutive for the three months ended March 29, 2014 and March 30, 2013:
		Three months ended
	(In thousands)	29-Mar-14	30-Mar-13
	Shares excluded from calculations of diluted EPS	1,509	2,194

Fair_Value_Tables

Fair Value (Tables)	3 Months Ended
	Mar. 29, 2014
Financial Assets Measured At Fair Value On Recurring Basis	'
	The following table presents the Company’s financial assets that are measured at fair value on a recurring basis at March 29, 2014 and December 31, 2013. Level 1 inputs are based on quoted prices in active markets accessible at the reporting date for identical assets and liabilities. Level 2 inputs are based on quoted prices for similar instruments in active markets and quoted prices for identical or similar instruments in markets that are not active, or model-based valuation techniques for which all significant assumptions are observable in a market. Level 3 inputs are based on prices or valuations that require inputs that are significant to the valuation and are unobservable.
		March 29, 2014									December 31, 2013
	(In thousands)	Level 1		Level 2			Level 3		Total		Level 1		Level 2		Level 3		Total
	Assets:
	Cash equivalents
	Commercial paper	$	—	$	—		$	—	$	—	$	—	$	49,988	$	—	$	49,988
	Money market fund deposits	187,095		—			—		187,095		118,090		—		—		118,090
	Other current assets
	Foreign exchange forward contracts	—		257			—		257		—		—		—		—
	Total assets measured and recorded at fair value	$	187,095	$	257		$	—	$	187,352	$	118,090	$	49,988	$	—	$	168,078
	Liabilities:
	Foreign exchange forward contracts	$	—	$	—		$	—	$	—	$	—	$	514	$	—	$	514
	Contingent consideration obligation	—		—			1,282		1,282		—		—		1,282		1,282
	Total liabilities measured and recorded at fair value	$	—	$	—		$	1,282	$	1,282	$	—	$	514	$	1,282	$	1,796
Information about Derivative Positions	'
	The following table provides information about derivative positions held by the Company as of March 29, 2014 and December 31, 2013:
		March 29, 2014							December 31, 2013
	(In thousands)	Gross		Gross			Net amount		Gross		Gross		Net amount of
		amounts of		amounts			of assets		amounts		amounts		liabilities in the
		recognized		offset in the			in the		of		offset in the		condensed
		assets		condensed			condensed		recognized		condensed		consolidated
				consolidated			consolidated		liabilities		consolidated		balance sheet
				balance			balance				balance
				sheet			sheet				sheet
	Foreign exchange forward contracts	$	292	$	35		$	257	$	620	$	106	$	514
Gains and (losses) associated with derivatives	'
	Gains and losses associated with derivatives are recorded in other income, net in the condensed consolidated statements of operations. Gains (losses) associated with derivative instruments not designated as hedging instruments were as follows:
		Three months ended
	(In thousands)	29-Mar-14		30-Mar-13
	Gains (losses) on forward currency contracts	$	257	$	(3,354	)

Segment_Reporting_Tables

Segment Reporting (Tables)	3 Months Ended
	Mar. 29, 2014
Summary of Financial Information for Reportable Segments	'
	Summarized financial information for the Company’s reportable segments is shown in the following table:
		Three months ended
	(In thousands)	March 29, 2014			March 30, 2013
	Net sales
	CCS	$	105,318		$	103,961
	ME	42,791			44,132
	SMD	17,695			16,977
	Total net sales	$	165,804		$	165,070
		Three months ended
	(In thousands)	March 29, 2014			March 30, 2013
	Segment profit
	CCS	$	24,480		$	22,078
	ME	7,837			9,325
	SMD	1,913			2,216
	Total segment profit	$	34,230		$	33,619
Reconciliation of Total Segment Profit to Operating Income	'
	The following table reconciles total segment profit to operating income:
		Three months ended
	(In thousands)	March 29, 2014			March 30, 2013
	Total segment profit	$	34,230		$	33,619
	Less:
	Amortization of intangible assets	2,336			2,287
	Unallocated general and administrative expenses	13,355			11,085
	Operating income	18,539			20,247
	Other income, net	(16		)	(1,348		)
	Income before income taxes	$	18,555		$	21,595

Inventories_Detail

Inventories (Detail) (USD $)	Mar. 29, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Inventory Net	'	'
Raw materials	$28,826	$26,012
Work-in process	13,464	10,512
Finished goods	57,676	56,998
Supplies	533	552
Inventory, Net	$100,499	$94,074

Inventories_Parenthetical_Deta

Inventories (Parenthetical) (Detail) (USD $)	Mar. 29, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Inventory Net [Abstract]	'	'
Consignment inventories held by customers	$5.10	$5.10

Reconciliation_of_Share_Amount

Reconciliation of Share Amount Used in Computation of Basic and Diluted Earnings Per Share (EPS) (Detail)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
Weighted shares outstanding:	'	'
Basic-weighted common shares outstanding	138,927	139,025
Weighted common shares assumed upon exercise of stock options and vesting of restricted common stock	779	806
Diluted-weighted common shares and common shares equivalent outstanding	139,706	139,831

Shares_Excluded_Underlying_Sto

Shares Excluded Underlying Stock Based Award from Calucations of Diluted EPS (Detail)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Shares excluded from calculations of diluted EPS	1,509	2,194

Fair_Value_Details

Fair Value (Details) (USD $)	Mar. 29, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Foreign exchange forward contract assets	$257,000	'
Total assets measured and recorded at fair value	187,352,000	168,078,000
Foreign exchange forward contracts liabilities	'	514,000
Total liabilities measured and recorded at fair value	1,282,000	1,796,000
Liability [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Contingent consideration obligation	1,282,000	1,282,000
Forward Contracts [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Foreign exchange forward contract assets	257,000	0
Foreign exchange forward contracts liabilities	0	514,000
Commercial Paper [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Cash equivalents	0	49,988,000
Money Market Funds [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Cash equivalents	187,095,000	118,090,000
Fair Value, Inputs, Level 1	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Total assets measured and recorded at fair value	187,095,000	118,090,000
Total liabilities measured and recorded at fair value	0	0
Fair Value, Inputs, Level 1 | Liability [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Contingent consideration obligation	0	0
Fair Value, Inputs, Level 1 | Forward Contracts [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Foreign exchange forward contract assets	0	0
Foreign exchange forward contracts liabilities	0	0
Fair Value, Inputs, Level 1 | Commercial Paper [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Cash equivalents	0	0
Fair Value, Inputs, Level 1 | Money Market Funds [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Cash equivalents	187,095,000	118,090,000
Fair Value, Inputs, Level 2	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Total assets measured and recorded at fair value	257,000	49,988,000
Total liabilities measured and recorded at fair value	0	514,000
Fair Value, Inputs, Level 2 | Liability [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Contingent consideration obligation	0	0
Fair Value, Inputs, Level 2 | Forward Contracts [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Foreign exchange forward contract assets	257,000	0
Foreign exchange forward contracts liabilities	0	514,000
Fair Value, Inputs, Level 2 | Commercial Paper [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Cash equivalents	0	49,988,000
Fair Value, Inputs, Level 2 | Money Market Funds [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Cash equivalents	0	0
Fair Value, Inputs, Level 3 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Total assets measured and recorded at fair value	0	0
Total liabilities measured and recorded at fair value	1,282,000	1,282,000
Fair Value, Inputs, Level 3 [Member] | Liability [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Contingent consideration obligation	1,282,000	1,282,000
Fair Value, Inputs, Level 3 [Member] | Forward Contracts [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Foreign exchange forward contract assets	0	0
Foreign exchange forward contracts liabilities	0	0
Fair Value, Inputs, Level 3 [Member] | Commercial Paper [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Cash equivalents	0	0
Fair Value, Inputs, Level 3 [Member] | Money Market Funds [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Cash equivalents	$0	$0

Information_about_Derivative_P

Information about Derivative Positions (Detail) (USD $)	Mar. 29, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Derivative [Line Items]	'	'
Gross amounts of recognized assets	$292	'
Gross amounts of liabilities offset in the condensed consolidated balance sheet	35	'
Net amount of assets in the condensed consolidated balance sheet	257	'
Gross amounts of recognized liabilities	'	620
Gross amounts offset in the condensed consolidated balance sheet	'	106
Net amount of liabilities in the condensed consolidated balance sheet	'	$514

Fair_Value_Gains_and_losses_as

Fair Value Gains and (losses) associated with derivatives (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
Fair Value Disclosures [Abstract]	'	'
Gains (losses) on forward currency contracts	$257	($3,354)

Summary_of_Financial_Informati

Summary of Financial Information for Reportable Segments (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
Segment Reporting Information [Line Items]	'	'
Total net sales	$165,804	$165,070
Total Segment Profit	34,230	33,619
CCS	'	'
Segment Reporting Information [Line Items]	'	'
Total net sales	105,318	103,961
Total Segment Profit	24,480	22,078
ME	'	'
Segment Reporting Information [Line Items]	'	'
Total net sales	42,791	44,132
Total Segment Profit	7,837	9,325
SMD	'	'
Segment Reporting Information [Line Items]	'	'
Total net sales	17,695	16,977
Total Segment Profit	$1,913	$2,216

Reconciliation_of_Total_Segmen

Reconciliation of Total Segment Profit to Operating Income (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]	'	'
Total Segment Profit	$34,230	$33,619
Amortization	2,336	2,287
Unallocated General And Administrative Expenses	13,355	11,085
Operating income	18,539	20,247
Other income, net	-16	-1,348
Income before income taxes	$18,555	$21,595

Subsequent_Event_Details

Subsequent Event (Details) (USD $)	3 Months Ended	12 Months Ended	3 Months Ended
	Mar. 29, 2014	Dec. 31, 2013	Jun. 28, 2014	Apr. 30, 2014	Apr. 01, 2014	Apr. 30, 2014
			Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]
				Senior secured term loan [Member]	Senior unsecured notes [Member]	Senior secured asset-based revolving credit facility [Member]
Subsequent Event	'	'	'	'	'	'
Payments to Acquire Businesses, Net of Cash Acquired	'	'	$1,200,000,000	'	'	'
Business Acquisition, Transaction Costs	1,300,000	'	'	'	'	'
Business Acquisition, Revenue Reported by Acquired Entity for Last Annual Period	'	361,000,000	'	'	'	'
Debt Instrument, Face Amount	'	'	'	$460,000,000	$360,000,000	$75,000,000
Debt Instrument, Interest Rate, Stated Percentage	'	'	'	'	6.00%	'
Percentage Points Added to LIBOR Rate	'	'	'	2.75%	'	2.00%