Garmin (GRMN) 10-Q 30 Apr 14 2014 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 29, 2014	Apr. 28, 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	'GRMN	'
Entity Common Stock, Shares Outstanding	'	208,077,418
Entity Registrant Name	'GARMIN LTD	'
Entity Central Index Key	'0001121788	'
Current Fiscal Year End Date	'--12-28	'
Entity Filer Category	'Large Accelerated Filer	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 29, 2014	Dec. 28, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$1,136,691	$1,179,149
Marketable securities	163,660	149,862
Accounts receivable, net	427,457	564,586
Inventories, net	442,025	382,226
Deferred income taxes	67,792	69,823
Deferred costs	52,009	57,368
Loan receivable	42,862	137,379
Prepaid expenses and other current assets	54,999	55,243
Total current assets	2,387,495	2,595,636
Property and equipment, net	417,164	414,848
Marketable securities	1,571,166	1,502,106
Restricted cash	246	249
Noncurrent deferred income tax	87,524	88,324
Noncurrent deferred costs	38,384	41,157
Other intangible assets, net	216,260	219,494
Other assets	20,675	17,789
Total assets	4,738,914	4,879,603
Current liabilities:	'	'
Accounts payable	124,241	146,582
Salaries and benefits payable	58,166	59,794
Accrued warranty costs	25,016	26,767
Accrued sales program costs	31,245	50,903
Deferred revenue	238,285	256,908
Accrued royalty costs	7,901	64,538
Accrued advertising expense	12,643	19,448
Other accrued expenses	73,911	65,657
Deferred income taxes	1,974	989
Income taxes payable	36,009	38,043
Dividend payable	87,717	175,675
Total current liabilities	697,108	905,304
Deferred income taxes	1,750	1,758
Non-current income taxes	141,723	140,933
Non-current deferred revenue	144,664	171,012
Other liabilities	1,299	890
Stockholders' equity:	'	'
Shares, CHF 10 par value, 208,077,418 shares authorized and issued; 194,773,186 shares outstanding at March 29, 2014 and 195,150,102 shares outstanding at December 28, 2013	1,797,435	1,797,435
Additional paid-in capital	80,837	79,263
Treasury stock	-145,609	-120,620
Retained earnings	1,984,405	1,865,587
Accumulated other comprehensive income	35,302	38,041
Total stockholders' equity	3,752,370	3,659,706
Total liabilities and stockholders' equity	$4,738,914	$4,879,603

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 29, 2014	Dec. 28, 2013
Shares, par value	$10	$10
Shares, shares authorized	208,077,418	208,077,418
Shares, shares issued	208,077,418	208,077,418
Shares, shares outstanding	194,773,186	195,150,102

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Income (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
Net sales	$583,221	$531,957
Cost of goods sold	252,387	255,824
Gross profit	330,834	276,133
Advertising expense	24,428	22,249
Selling, general and administrative expense	89,873	86,269
Research and development expense	96,164	87,689
Total operating expense	210,465	196,207
Operating income	120,369	79,926
Other income (expense):	'	'
Interest income	9,768	8,898
Foreign currency gains (losses)	12,814	-8,348
Other	-484	1,158
Total other income (expense)	22,098	1,708
Income before income taxes	142,467	81,634
Income tax provision (benefit):	23,649	-7,032
Net income	$118,818	$88,666
Net income per share:	'	'
Basic	$0.61	$0.45
Diluted	$0.61	$0.45
Weighted average common shares outstanding:	'	'
Basic	195,090	195,630
Diluted	195,860	196,457

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	$118,818	$88,666
Translation adjustment	-15,518	-8,080
Change in fair value of available-for-sale marketable securities, net of deferred taxes	12,779	-1,119
Comprehensive income	$116,079	$79,467

Condensed_Consolidated_Stateme2

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	$118,818	$88,666
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation	11,672	12,619
Amortization	6,740	8,271
(Gain) loss on sale of property and equipment	-617	36
Provision for doubtful accounts	-189	727
Deferred income taxes	5,942	1,493
Unrealized foreign currency gains	-15,334	-495
Provision for obsolete and slow moving inventories	3,384	6,033
Stock compensation expense	6,325	5,438
Realized loss (gain) on marketable securities	1,544	-1,073
Changes in operating assets and liabilities:	'	'
Accounts receivable	137,198	152,307
Inventories	-64,083	-13,608
Other current and non-current assets	-1,591	-49,321
Accounts payable	-20,411	-18,377
Other current and non-current liabilities	-80,011	-100,784
Deferred revenue	-45,290	-23,329
Deferred cost	8,129	4,813
Income taxes payable	-1,053	-14,053
Net cash provided by operating activities	71,173	59,363
Investing activities:	'	'
Purchases of property and equipment	-15,537	-11,616
Proceeds from sale of property and equipment	609	12
Purchase of intangible assets	-1,111	-347
Purchase of marketable securities	-298,695	-258,604
Redemption of marketable securities	223,786	270,925
Proceeds from repayment (advances) on loan receivable	94,507	-18,324
Change in restricted cash	3	-1
Net cash provided by (used in) investing activities	3,562	-17,955
Financing activities:	'	'
Dividends paid	-87,853	-175,956
Purchase of treasury stock under share repurchase plan	-32,986	0
Purchase of treasury stock related to equity awards	-58	-62
Proceeds from issuance of treasury stock related to equity awards	1,107	1,474
Tax benefit from issuance of equity awards	2,199	258
Net cash used in financing activities	-117,591	-174,286
Effect of exchange rate changes on cash and cash equivalents	398	-4,862
Net decrease in cash and cash equivalents	-42,458	-137,740
Cash and cash equivalents at beginning of period	1,179,149	1,231,180
Cash and cash equivalents at end of period	$1,136,691	$1,093,440

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Mar. 29, 2014
Organization, Consolidation and Presentation Of Financial Statements [Abstract]	'
Basis of Presentation	'
		1	Basis of Presentation
	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Additionally, the condensed consolidated financial statements should be read in conjunction with Item 2 of Management's Discussion and Analysis of Financial Condition and Results of Operations, included in this Form 10-Q. Operating results for the 13-week period ended March 29, 2014 are not necessarily indicative of the results that may be expected for the year ending December 27, 2014.
	The condensed consolidated balance sheet at December 28, 2013 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 28, 2013.
	The Company’s fiscal year is based on a 52-53 week period ending on the last Saturday of the calendar year. Therefore the financial results of certain fiscal years, and the associated 14-week quarters, will not be exactly comparable to the prior and subsequent 52-week fiscal years and the associated quarters having only 13 weeks. The quarters ended March 29, 2014 and March 30, 2013 both contain operating results for 13 weeks.

Inventories

Inventories	3 Months Ended
	Mar. 29, 2014
Inventory Disclosure [Abstract]	'
Inventories	'
		2	Inventories
	The components of inventories consist of the following:
			March 29, 2014		December 28, 2013
	Raw materials		$	163,833	$	131,408
	Work-in-process			50,642		50,110
	Finished goods			256,813		229,089
	Inventory reserves			-29,263		-28,381
	Inventory, net of reserves		$	442,025	$	382,226

Earnings_Per_Share

Earnings Per Share	3 Months Ended
	Mar. 29, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share	'
		3	Earnings Per Share
	The following table sets forth the computation of basic and diluted net income per share:
			13-Weeks Ended
			March 29,		March 30,
			2014		2013
	Numerator:
	Numerator for basic and diluted net income per share - net income		$	118,818	$	88,666
	Denominator:
	Denominator for basic net income per share – weighted-average common shares			195,090		195,630
	Effect of dilutive securities – stock options, stock appreciation rights and restricted stock units			770		827
	Denominator for diluted net income per share – adjusted weighted-average common shares			195,860		196,457
	Basic net income per share		$	0.61	$	0.45
	Diluted net income per share		$	0.61	$	0.45
	There were 4,379,940 and 5,567,166 anti-dilutive stock options, stock appreciation rights and restricted stock units (collectively “equity awards”) outstanding during the 13-week periods ended March 29, 2014 and March 30, 2013, respectively.
	There were 241,784 and 66,718 shares issued as a result of exercises of equity awards for the 13-week periods ended March 29, 2014 and March 30, 2013, respectively.

Segment_Information

Segment Information	3 Months Ended
	Mar. 29, 2014
Segment Reporting [Abstract]	'
Segment Information	'
		4	Segment Information
	The Company has identified five operating segments – Auto/Mobile, Aviation, Marine, Outdoor and Fitness. Each operating segment is individually reviewed and evaluated by our Chief Operating Decision Maker, who allocates resources and assesses performance of each segment individually.
	Net sales, operating income, and income before taxes for each of the Company’s reportable segments are presented below:
			Reportable Segments
									Auto/
			Outdoor		Fitness		Marine		Mobile		Aviation		Total
	13-Weeks Ended March 29, 2014
	Net sales		$	83,985	$	100,288	$	60,002	$	242,952	$	95,994	$	583,221
	Operating income		$	23,683	$	33,512	$	3,810	$	30,564	$	28,800	$	120,369
	Income before taxes		$	28,103	$	37,522	$	6,645	$	40,148	$	30,049	$	142,467
	13-Weeks Ended March 30, 2013
	Net sales		$	76,165	$	72,437	$	50,296	$	252,589	$	80,470	$	531,957
	Operating income (loss)		$	21,588	$	19,892	$	-2,440	$	20,032	$	20,854	$	79,926
	Income (loss) before taxes		$	22,503	$	19,888	$	-2,032	$	19,981	$	21,294	$	81,634
	Allocation of certain research and development expenses, and selling, general, and administrative expenses are made to each segment on a percent of revenue basis.
	Net sales and property and equipment, net by geographic area are as follows as of and for the 13-week periods ended March 29, 2014 and March 30, 2013. Note that APAC includes Asia Pacific and EMEA includes Europe, the Middle East and Africa:
			Americas		APAC		EMEA		Total
	29-Mar-14
	Net sales to external customers		$	304,808	$	57,810	$	220,603	$	583,221
	Property and equipment, net		$	243,726	$	119,850	$	53,588	$	417,164
	30-Mar-13
	Net sales to external customers		$	285,813	$	55,369	$	190,775	$	531,957
	Property and equipment, net		$	224,049	$	130,415	$	53,127	$	407,591

Warranty_Reserves

Warranty Reserves	3 Months Ended
	Mar. 29, 2014
Product Warranties Disclosures [Abstract]	'
Warranty Reserves	'
		5	Warranty Reserves
	The Company’s products sold are generally covered by a warranty for periods ranging from one to two years. The Company’s estimate of costs to service its warranty obligations are based on historical experience and expectation of future conditions and are recorded as a liability on the balance sheet. The following reconciliation provides an illustration of changes in the aggregate warranty reserve.
			13-Weeks Ended
			March 29,		March 30,
			2014		2013
	Balance - beginning of the period		$	26,767	$	37,301
	Accrual for products sold			9,485		9,186
	Expenditures			-11,236		-11,833
	Balance - end of the period		$	25,016	$	34,654

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 29, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
		6	Commitments and Contingencies
	The Company is party to certain commitments, which includes raw materials, advertising and other indirect purchases in connection with conducting our business. Pursuant to these agreements, the Company is contractually committed to make purchases of approximately $212,691 over the next five years.
	In the normal course of business, the Company and its subsidiaries are parties to various legal claims, actions, and complaints, including matters involving patent infringement, other intellectual property, product liability, customer claims and various other risks. It is not possible to predict with certainty whether or not the Company and its subsidiaries will ultimately be successful in any of these legal matters, or if not, what the impact might be. However, the Company’s management does not expect that the results in any of these legal proceedings will have a material adverse effect on the Company’s results of operations, financial position or cash flows.
	On March 14, 2013, the Company entered into a Memorandum of Agreement (the “Agreement”) with Bombardier, Inc. (“Bombardier”).  The Company is the supplier of the avionics system for the Lear 70 and Lear 75 aircraft currently in development for Learjet, Inc., which is a subsidiary of Bombardier (the “Program”).  In order to assist Bombardier in connection with delayed cash flows from the Program partially related to the certification of avionics for the Program exceeding the planned delivery date, the Company agreed to provide Bombardier a short term, interest free, loan of $173,708 in cash in seven installments beginning on March 22, 2013 and ending on September 20, 2013 pursuant to the terms and conditions of the Agreement.  Bombardier will repay the loan in five installments beginning in November 2013 and ending in April 2014 pursuant to the terms and conditions of the Agreement and subsequent amendment signed December 6, 2013.  As of March 29, 2014, the Company had a loan receivable balance of $42,862 from Bombardier in the accompanying consolidated balance sheet, which was collected in full in April 2014.

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 29, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
		7	Income Taxes
	The Company’s income tax expense increased by $30,681, to $23,649 for the 13-week period ended March 29, 2014, from ($7,032) for the 13-week period ended March 30, 2013. The effective tax rate was 16.6% in the first quarter of 2014 compared to (8.6%) in the first quarter of 2013. The first quarter 2014 effective tax rate increased as compared to first quarter 2013 due to expiration of certain Taiwan tax holidays in 2013, the expiration of the Federal Research & Development Tax Credit on December 31, 2013 and reduced reserve releases. Release of uncertain tax position reserves due to expiration of certain statutes of limitations or completion of tax audits reduced our expense by $5,795 and $16,536, respectively, in first quarter 2014 and first quarter 2013. Also, contributing to the lower rate in the first quarter 2013 is the impact of $6,301 of research and development tax credits related to 2012 which were recognized when the related legislation was enacted in January 2013.

Marketable_Securities

Marketable Securities	3 Months Ended
	Mar. 29, 2014
Investments, Debt and Equity Securities [Abstract]	'
Marketable Securities	'
	8	Marketable Securities
	The FASB ASC topic entitled Fair Value Measurements and Disclosures defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The accounting guidance classifies the inputs used to measure fair value into the following hierarchy:
	Level 1	Unadjusted quoted prices in active markets for identical assets or liability
	Level 2	Observable inputs for the asset or liability, either directly or indirectly, such as quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability
	Level 3	Unobservable inputs for the asset or liability
	The Company endeavors to utilize the best available information in measuring fair value. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The valuation methods used by the Company for each significant class of investments are summarized below.
	Mortgage-backed securities, corporate bonds and obligations of states and political subdivisions – Valued based on prices obtained from an independent pricing vendor using both market and income approaches. The primary inputs to the valuation include quoted prices for similar assets in active markets, quoted prices for identical or similar assets in markets that are not active, contractual cash flows, benchmark yields, and credit spreads.
	Common stocks – Valued at the closing price reported on the active market on which the individual securities are traded.
	The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Company believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.
	Available for sale securities measured at estimated fair value on a recurring basis are summarized below:
			Fair Value Measurements as
			of March 29, 2014
	Description		Total		Level 1		Level 2		Level 3
	Mortgage-backed securities		$	455,015	$	-	$	455,015	$	-
	Obligations of states and political subdivisions			599,889		-		599,889		-
	Corporate bonds			565,769		-		565,769		-
	Common stocks			30,568		30,568		-		-
	Other			83,585		-		83,585		-
	Total		$	1,734,826	$	30,568	$	1,704,258	$	-
			Fair Value Measurements as
			of December 28, 2013
	Description		Total		Level 1		Level 2		Level 3
	Mortgage-backed securities		$	437,330	$	-	$	437,330	$	-
	Obligations of states and political subdivisions			647,354		-		647,354		-
	Corporate bonds			457,148		-		457,148		-
	Common stocks			29,854		29,854		-		-
	Other			80,282		-		80,282		-
	Total		$	1,651,968	$	29,854	$	1,622,114	$	-
	Marketable securities classified as available-for-sale securities are summarized below:
			Available-For-Sale Securities as
			of March 29, 2014
			Amortized Cost		Gross		Gross		Gross		Estimated Fair
					Unrealized		Unrealized		Unrealized		Value (Net
					Gains		Losses-OTTI (1)		Losses-Other (2)		Carrying
											Amount)
	Mortgage-backed securities		$	468,237	$	2,885	$	-13,585	$	-2,522	$	455,015
	Obligations of states and political subdivisions			617,971		1,454		-19,417		-119		599,889
	U.S. corporate bonds			572,389		1,030		-7,400		-250		565,769
	Common stocks			29,203		1,587		-222		-		30,568
	Other			82,958		687		-60		-		83,585
	Total		$	1,770,758	$	7,643	$	-40,684	$	-2,891	$	1,734,826
			Available-For-Sale Securities as
			of December 28, 2013
			Amortized Cost		Gross		Gross		Gross		Estimated Fair
					Unrealized		Unrealized		Unrealized		Value (Net
					Gains		Losses-OTTI (1)		Losses-Other (2)		Carrying
											Amount)
	Mortgage-backed securities		$	461,054	$	2,692	$	-22,614	$	-3,802	$	437,330
	Obligations of states and political subdivisions			673,529		1,601		-27,509		-267		647,354
	U.S. corporate bonds			463,437		1,050		-7,031		-308		457,148
	Common stocks			24,540		5,413		-99		—		29,854
	Other			78,059		2,326		-103		—		80,282
	Total		$	1,700,619	$	13,082	$	-57,356	$	-4,377	$	1,651,968
	(1) Represents impairment not related to credit for those investment securities that have been determined to be other-than-temporarily impaired.
	(2) Represents unrealized losses on investment securities that have not been determined to be other-than-temporarily impaired.
	The Company’s investment policy requires investments to be rated A or better with the objective of minimizing the potential risk of principal loss. The Company does not intend to sell the securities that have an unrealized loss shown in the table above and it is not more likely than not that the Company will be required to sell the investment before recovery of their amortized costs bases, which may be maturity. The Company recognizes the credit component of other-than-temporary impairments of debt securities in "Other Income" and the noncredit component in "Other comprehensive income (loss)" for those securities that we do not intend to sell and for which it is not more likely than not that we will be required to sell before recovery. During 2013 and the first quarter of 2014, the Company did not record any material impairment charges on its outstanding securities.
	The fair value of our securities varies from period to period due to changes in interest rates, in the performance of the underlying collateral and in the credit performance of the underlying issuer, among other factors.   In 2013, the Company experienced unrealized, non-cash losses on its investment portfolio resulting in a balance of $57,356 and $4,377 of gross other-than-temporary impairment and other unrealized losses on marketable securities at December 28, 2013.  The amortized cost and estimated fair value of the securities at an unrealized loss position at December 28, 2013 were $1,215,498 and $1,153,765, respectively.  This decrease in estimated fair value was primarily due to market valuations on mortgage-backed securities and obligations of states and political subdivisions declining.  The decline was due to increases in the 10 Year Treasury Bond Yield during 2013, which caused market valuations of securities in our investment portfolios to decline.
	The 10 Year Treasury Bond Yield has decreased in 2014, resulting in a balance of $40,684 and $2,891 of gross other-than-temporary impairment and other unrealized losses on marketable securities at March 29, 2014.  The amortized cost and estimated fair value of the securities at an unrealized loss position at March 29, 2014 were $1,231,505 and $1,187,930, respectively.   Approximately 46% of securities in our portfolio were at an unrealized loss position at March 29, 2014.  An immaterial amount of unrealized losses relate to securities that have been in a continuous unrealized loss position for 12 months or longer. We have the ability to hold these securities until maturity or their value is recovered. We do not consider these unrealized losses to be other than temporary credit losses because there has been no deterioration in credit quality and no change in the cash flows of the underlying securities. We do not intend to sell the securities and it is not more likely than not that we will be required to sell the securities; therefore, no impairment has been recorded in the accompanying condensed consolidated statement of income.
	The cost of securities sold is based on the specific identification method.
	The amortized cost and estimated fair value of marketable securities at March 29, 2014, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties.
					Estimated
			Cost		Fair Value
	Due in one year or less		$	164,940	$	163,660
Due after one year through five years			763,230		759,414
Due after five years through ten years			240,920		233,601
Due after ten years			534,829		509,308
Other (No contractual maturity dates)			66,839		68,843
		$	1,770,758	$	1,734,826

Share_Repurchase_Plan

Share Repurchase Plan	3 Months Ended
	Mar. 29, 2014
Treasury Stock [Abstract]	'
Share Repurchase Plan	'
	9	Share Repurchase Plan
	On February 15, 2013, the Board of Directors approved a share repurchase program authorizing the Company to purchase up to $300,000 of its common shares.  A Rule 10b5-1 plan was adopted and allows the repurchase of its shares at times when it otherwise might be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods.  The share repurchase authorization expires on December 31, 2014.  As of March 29, 2014, the Company the Company had repurchased 1,995,200 shares using cash of $91,526.  There remains approximately $208,474 available to repurchase additional shares under this authorization.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Income	3 Months Ended
	Mar. 29, 2014
Accumulated Other Comprehensive Income [Abstract]	'
Accumulated Other Comprehensive Income	'
		10	Accumulated Other Comprehensive Income
	The following provides required disclosure of changes in accumulated other comprehensive income (AOCI) balances by component for the 13-week period ended March 29, 2014:
			Foreign Currency		Unrealized Gains		Total
			Translation		(Losses) on
			Adjustment		Available for Sale
					Securities
	Balance - beginning of period		$	85,363	$	-47,322	$	38,041
	Other comprehensive income before reclassification			-15,518		13,927		-1,591
	Amounts reclassified from accumulated other comprehensive income			-		-1,148		-1,148
	Net current-period other comprehensive income			-15,518		12,779		-2,739
	Balance - end of period		$	69,845	$	-34,543	$	35,302
	The following provides required disclosure of reporting reclassifications out of AOCI for the 13-week period ended March 29, 2014:
	Details about Accumulated Other		Amount Reclassified		Affected Line Item in the
	Comprehensive Income Components		from Accumulated		Statement Where Net Income is
			Other Comprehensive		Presented
			Income
	Unrealized gains (losses) on available-for-sale securities		$	1,544	Other income (expense)
				-396	Income tax provision
			$	1,148	Net of tax

Recently_Issued_Accounting_Pro

Recently Issued Accounting Pronouncements	3 Months Ended
	Mar. 29, 2014
New Accounting Pronouncements and Changes In Accounting Principles [Abstract]	'
Recently Issued Accounting Pronouncements	'
		11	Recently Issued Accounting Pronouncements
	In July 2013, the FASB issued Accounting Standards Update No. 2013-11 “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (ASU 2013-11), which is included in ASC Topic 740 (Income Taxes). ASU 2013-11 requires an entity to net its liability for unrecognized tax positions against a net operating loss carryforward, a similar tax loss or a tax credit carryforward when settlement in this manner is available under the tax law. The provisions of this new guidance are effective for reporting periods beginning after December 15, 2013. The implementation of the amended accounting guidance did not have a material impact on the Company’s financial statements.

Subsequent_events

Subsequent events	3 Months Ended
	Mar. 29, 2014
Subsequent Events [Abstract]	'
Subsequent events	'
	12. Subsequent events
	No significant events occurred subsequent to the balance sheet date but prior to April 30, 2014 that would have a material impact on the financial statements.

Inventories_Tables

Inventories (Tables)	3 Months Ended
	Mar. 29, 2014
Disclosure Inventories [Abstract]	'
Components of Inventories	'
	The components of inventories consist of the following:
		March 29, 2014		December 28, 2013
	Raw materials	$	163,833	$	131,408
	Work-in-process		50,642		50,110
	Finished goods		256,813		229,089
	Inventory reserves		-29,263		-28,381
	Inventory, net of reserves	$	442,025	$	382,226

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	3 Months Ended
	Mar. 29, 2014
Earnings Per Share [Abstract]	'
Computation of Basic and Diluted Net Income Per Share	'
	The following table sets forth the computation of basic and diluted net income per share:
		13-Weeks Ended
		March 29,		March 30,
		2014		2013
	Numerator:
	Numerator for basic and diluted net income per share - net income	$	118,818	$	88,666
	Denominator:
	Denominator for basic net income per share – weighted-average common shares		195,090		195,630
	Effect of dilutive securities – stock options, stock appreciation rights and restricted stock units		770		827
	Denominator for diluted net income per share – adjusted weighted-average common shares		195,860		196,457
	Basic net income per share	$	0.61	$	0.45
	Diluted net income per share	$	0.61	$	0.45

Segment_Information_Tables

Segment Information (Tables)	3 Months Ended
	Mar. 29, 2014
Segment Reporting [Abstract]	'
Net Sales Operating Income and Income Before Taxes for Reportable Segments	'
	Net sales, operating income, and income before taxes for each of the Company’s reportable segments are presented below:
		Reportable Segments
								Auto/
		Outdoor		Fitness		Marine		Mobile		Aviation		Total
	13-Weeks Ended March 29, 2014
	Net sales	$	83,985	$	100,288	$	60,002	$	242,952	$	95,994	$	583,221
	Operating income	$	23,683	$	33,512	$	3,810	$	30,564	$	28,800	$	120,369
	Income before taxes	$	28,103	$	37,522	$	6,645	$	40,148	$	30,049	$	142,467
	13-Weeks Ended March 30, 2013
	Net sales	$	76,165	$	72,437	$	50,296	$	252,589	$	80,470	$	531,957
	Operating income (loss)	$	21,588	$	19,892	$	-2,440	$	20,032	$	20,854	$	79,926
	Income (loss) before taxes	$	22,503	$	19,888	$	-2,032	$	19,981	$	21,294	$	81,634
Net Sales and Property and Equipment Net by Geographic Area	'
	Net sales and property and equipment, net by geographic area are as follows as of and for the 13-week periods ended March 29, 2014 and March 30, 2013. Note that APAC includes Asia Pacific and EMEA includes Europe, the Middle East and Africa:
		Americas		APAC		EMEA		Total
	29-Mar-14
	Net sales to external customers	$	304,808	$	57,810	$	220,603	$	583,221
	Property and equipment, net	$	243,726	$	119,850	$	53,588	$	417,164
	30-Mar-13
	Net sales to external customers	$	285,813	$	55,369	$	190,775	$	531,957
	Property and equipment, net	$	224,049	$	130,415	$	53,127	$	407,591

Warranty_Reserves_Tables

Warranty Reserves (Tables)	3 Months Ended
	Mar. 29, 2014
Product Warranties Disclosures [Abstract]	'
Changes in Aggregate Warranty Reserve	'
	The following reconciliation provides an illustration of changes in the aggregate warranty reserve.
		13-Weeks Ended
		March 29,		March 30,
		2014		2013
	Balance - beginning of the period	$	26,767	$	37,301
	Accrual for products sold		9,485		9,186
	Expenditures		-11,236		-11,833
	Balance - end of the period	$	25,016	$	34,654

Marketable_Securities_Tables

Marketable Securities (Tables)	3 Months Ended
	Mar. 29, 2014
Investments, Debt and Equity Securities [Abstract]	'
Available For Sale Securities Measured At Estimated Fair Value On Recurring Basis	'
	Available for sale securities measured at estimated fair value on a recurring basis are summarized below:
		Fair Value Measurements as
		of March 29, 2014
	Description	Total		Level 1		Level 2		Level 3
	Mortgage-backed securities	$	455,015	$	-	$	455,015	$	-
	Obligations of states and political subdivisions		599,889		-		599,889		-
	Corporate bonds		565,769		-		565,769		-
	Common stocks		30,568		30,568		-		-
	Other		83,585		-		83,585		-
	Total	$	1,734,826	$	30,568	$	1,704,258	$	-
		Fair Value Measurements as
		of December 28, 2013
	Description	Total		Level 1		Level 2		Level 3
	Mortgage-backed securities	$	437,330	$	-	$	437,330	$	-
	Obligations of states and political subdivisions		647,354		-		647,354		-
	Corporate bonds		457,148		-		457,148		-
	Common stocks		29,854		29,854		-		-
	Other		80,282		-		80,282		-
	Total	$	1,651,968	$	29,854	$	1,622,114	$	-
Marketable Securities Classified as Available-For-Sale Securities	'
	Marketable securities classified as available-for-sale securities are summarized below:
		Available-For-Sale Securities as
		of March 29, 2014
		Amortized Cost		Gross		Gross		Gross		Estimated Fair
				Unrealized		Unrealized		Unrealized		Value (Net
				Gains		Losses-OTTI (1)		Losses-Other (2)		Carrying
										Amount)
	Mortgage-backed securities	$	468,237	$	2,885	$	-13,585	$	-2,522	$	455,015
	Obligations of states and political subdivisions		617,971		1,454		-19,417		-119		599,889
	U.S. corporate bonds		572,389		1,030		-7,400		-250		565,769
	Common stocks		29,203		1,587		-222		-		30,568
	Other		82,958		687		-60		-		83,585
	Total	$	1,770,758	$	7,643	$	-40,684	$	-2,891	$	1,734,826
		Available-For-Sale Securities as
		of December 28, 2013
		Amortized Cost		Gross		Gross		Gross		Estimated Fair
				Unrealized		Unrealized		Unrealized		Value (Net
				Gains		Losses-OTTI (1)		Losses-Other (2)		Carrying
										Amount)
	Mortgage-backed securities	$	461,054	$	2,692	$	-22,614	$	-3,802	$	437,330
	Obligations of states and political subdivisions		673,529		1,601		-27,509		-267		647,354
	U.S. corporate bonds		463,437		1,050		-7,031		-308		457,148
	Common stocks		24,540		5,413		-99		—		29,854
	Other		78,059		2,326		-103		—		80,282
	Total	$	1,700,619	$	13,082	$	-57,356	$	-4,377	$	1,651,968
	(1) Represents impairment not related to credit for those investment securities that have been determined to be other-than-temporarily impaired.
	(2) Represents unrealized losses on investment securities that have not been determined to be other-than-temporarily impaired.
Amortized Cost and Estimated Fair Value of Marketable Securities, by Contractual Maturity	'
	The amortized cost and estimated fair value of marketable securities at March 29, 2014, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties.
				Estimated
		Cost		Fair Value
	Due in one year or less	$	164,940	$	163,660
	Due after one year through five years		763,230		759,414
	Due after five years through ten years		240,920		233,601
	Due after ten years		534,829		509,308
	Other (No contractual maturity dates)		66,839		68,843
		$	1,770,758	$	1,734,826

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 29, 2014
Accumulated Other Comprehensive Income [Abstract]	'
Changes in Accumulated Other Comprehensive Income	'
	The following provides required disclosure of changes in accumulated other comprehensive income (AOCI) balances by component for the 13-week period ended March 29, 2014:
		Foreign Currency		Unrealized Gains		Total
		Translation		(Losses) on
		Adjustment		Available for Sale
				Securities
	Balance - beginning of period	$	85,363	$	-47,322	$	38,041
	Other comprehensive income before reclassification		-15,518		13,927		-1,591
	Amounts reclassified from accumulated other comprehensive income		-		-1,148		-1,148
	Net current-period other comprehensive income		-15,518		12,779		-2,739
	Balance - end of period	$	69,845	$	-34,543	$	35,302
Reclassifications out of AOCI	'
	The following provides required disclosure of reporting reclassifications out of AOCI for the 13-week period ended March 29, 2014:
	Details about Accumulated Other	Amount Reclassified		Affected Line Item in the
	Comprehensive Income Components	from Accumulated		Statement Where Net Income is
		Other Comprehensive		Presented
		Income
	Unrealized gains (losses) on available-for-sale securities	$	1,544	Other income (expense)
			-396	Income tax provision
		$	1,148	Net of tax

Inventories_Detail

Inventories (Detail) (USD $)	Mar. 29, 2014	Dec. 28, 2013
In Thousands, unless otherwise specified
Schedule of Inventory [Line Items]	'	'
Raw materials	$163,833	$131,408
Work-in-process	50,642	50,110
Finished goods	256,813	229,089
Inventory reserves	-29,263	-28,381
Inventory, net of reserves	$442,025	$382,226

Earnings_Per_Share_Computation

Earnings Per Share (Computation of Basic and Diluted Net Income Per Share) (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
Numerator:	'	'
Numerator for basic and diluted net income per share - net income	$118,818	$88,666
Denominator:	'	'
Denominator for basic net income per share - weighted-average common shares	195,090	195,630
Effect of dilutive securities - stock options, stock appreciation rights and restricted stock units	770	827
Denominator for diluted net income per share - adjusted weighted-average common shares	195,860	196,457
Basic net income per share	$0.61	$0.45
Diluted net income per share	$0.61	$0.45

Earnings_Per_Share_Additional_

Earnings Per Share (Additional Information) (Details)	3 Months Ended
	Mar. 29, 2014	Mar. 30, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Anti-dilutive stock options, stock appreciation rights and restricted stock units	4,379,940	5,567,166
Shares issued as a result of exercises of equity awards	241,784	66,718

Segment_Information_Net_Sales_

Segment Information (Net Sales Operating Income and Income Before Taxes for Reportable Segments) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
Segment Reporting Information [Line Items]	'	'
Net sales	$583,221	$531,957
Operating income	120,369	79,926
Income before taxes	142,467	81,634
Outdoor [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Net sales	83,985	76,165
Operating income	23,683	21,588
Income before taxes	28,103	22,503
Fitness [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Net sales	100,288	72,437
Operating income	33,512	19,892
Income before taxes	37,522	19,888
Marine [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Net sales	60,002	50,296
Operating income	3,810	-2,440
Income before taxes	6,645	-2,032
Auto/Mobile [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Net sales	242,952	252,589
Operating income	30,564	20,032
Income before taxes	40,148	19,981
Aviation [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Net sales	95,994	80,470
Operating income	28,800	20,854
Income before taxes	$30,049	$21,294

Segment_Information_Net_Sales_1

Segment Information (Net Sales and Property and Equipment Net by Geographic Area) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013	Dec. 28, 2013
Revenues from External Customers and Long-Lived Assets [Line Items]	'	'	'
Net sales to external customers	$583,221	$531,957	'
Property and equipment, net	417,164	407,591	414,848
Americas [Member]	'	'	'
Revenues from External Customers and Long-Lived Assets [Line Items]	'	'	'
Net sales to external customers	304,808	285,813	'
Property and equipment, net	243,726	224,049	'
Asia Pacific [Member]	'	'	'
Revenues from External Customers and Long-Lived Assets [Line Items]	'	'	'
Net sales to external customers	57,810	55,369	'
Property and equipment, net	119,850	130,415	'
Europe, Middle East and Africa [Member]	'	'	'
Revenues from External Customers and Long-Lived Assets [Line Items]	'	'	'
Net sales to external customers	220,603	190,775	'
Property and equipment, net	$53,588	$53,127	'

Warranty_Reserves_Changes_in_A

Warranty Reserves (Changes in Aggregate Warranty Reserve) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
Product Liability Contingency [Line Items]	'	'
Balance - beginning of the period	$26,767	$37,301
Accrual for products sold	9,485	9,186
Expenditures	-11,236	-11,833
Balance - end of the period	$25,016	$34,654

Commitments_and_Contingencies_

Commitments and Contingencies (Additional Information) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014
Long-term Purchase Commitment [Line Items]	'
Commitments to make purchases, amount committed	$212,691
Commitments to make purchases, time period	'5 years
Short Term Interest Free Loan Payable	173,708
Number Of Installments For Short Term Loan Payable	7
Number Of Installments To Be Received For Loan and Advance	5
Payments for Advance to Affiliate	$42,862

Income_Taxes_Additional_Inform

Income Taxes (Additional Information) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
Income Taxes [Line Items]	'	'
Increase in income tax expense	$30,681	'
Income tax provision	23,649	-7,032
Effective tax rate	16.60%	8.60%
Income Tax Reconciliation, Tax Credits, Research	'	6,301
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations	$5,795	$16,536

Marketable_Securities_Availabl

Marketable Securities (Available for Sale Securities Measured at Estimated Fair Value on Recurring Basis) (Details) (USD $)	Mar. 29, 2014	Dec. 28, 2013
In Thousands, unless otherwise specified
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Total	$1,734,826	$1,651,968
Mortgage-Backed Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Total	455,015	437,330
Obligations of States and Political Subdivisions [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Total	599,889	647,354
Corporate Bond Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Total	565,769	457,148
Common Stocks [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Total	30,568	29,854
Other securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Total	83,585	80,282
Level 1 [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Total	30,568	29,854
Level 1 [Member] | Mortgage-Backed Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Total	0	0
Level 1 [Member] | Obligations of States and Political Subdivisions [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Total	0	0
Level 1 [Member] | Corporate Bond Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Total	0	0
Level 1 [Member] | Common Stocks [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Total	30,568	29,854
Level 1 [Member] | Other securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Total	0	0
Level 2 [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Total	1,704,258	1,622,114
Level 2 [Member] | Mortgage-Backed Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Total	455,015	437,330
Level 2 [Member] | Obligations of States and Political Subdivisions [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Total	599,889	647,354
Level 2 [Member] | Corporate Bond Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Total	565,769	457,148
Level 2 [Member] | Common Stocks [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Total	0	0
Level 2 [Member] | Other securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Total	83,585	80,282
Level 3 [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Total	0	0
Level 3 [Member] | Mortgage-Backed Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Total	0	0
Level 3 [Member] | Obligations of States and Political Subdivisions [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Total	0	0
Level 3 [Member] | Corporate Bond Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Total	0	0
Level 3 [Member] | Common Stocks [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Total	0	0
Level 3 [Member] | Other securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Total	$0	$0

Marketable_Securities_Classifi

Marketable Securities (Classified as Available-For-Sale Securities) (Details) (USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014		Dec. 28, 2013
Schedule of Available-for-sale Securities [Line Items]	'		'
Amortized Cost	$1,770,758		$1,700,619
Gross Unrealized Gains	7,643		13,082
Gross Unrealized Losses-OTTI	-40,684	[1]	-57,356	[1]
Gross Unrealized Losses-Other	-2,891	[2]	-4,377	[2]
Estimated Fair Value (Net Carrying Amount)	1,734,826		1,651,968
Mortgage-Backed Securities [Member]	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Amortized Cost	468,237		461,054
Gross Unrealized Gains	2,885		2,692
Gross Unrealized Losses-OTTI	-13,585	[1]	-22,614	[1]
Gross Unrealized Losses-Other	-2,522	[2]	-3,802	[2]
Estimated Fair Value (Net Carrying Amount)	455,015		437,330
Obligations of States and Political Subdivisions [Member]	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Amortized Cost	617,971		673,529
Gross Unrealized Gains	1,454		1,601
Gross Unrealized Losses-OTTI	-19,417	[1]	-27,509	[1]
Gross Unrealized Losses-Other	-119	[2]	-267	[2]
Estimated Fair Value (Net Carrying Amount)	599,889		647,354
U.S. Corporate Bonds [Member]	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Amortized Cost	572,389		463,437
Gross Unrealized Gains	1,030		1,050
Gross Unrealized Losses-OTTI	-7,400	[1]	-7,031	[1]
Gross Unrealized Losses-Other	-250	[2]	-308	[2]
Estimated Fair Value (Net Carrying Amount)	565,769		457,148
Common Stocks [Member]	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Amortized Cost	29,203		24,540
Gross Unrealized Gains	1,587		5,413
Gross Unrealized Losses-OTTI	-222	[1]	-99	[1]
Gross Unrealized Losses-Other	0	[2]	0	[2]
Estimated Fair Value (Net Carrying Amount)	30,568		29,854
Other [Member]	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Amortized Cost	82,958		78,059
Gross Unrealized Gains	687		2,326
Gross Unrealized Losses-OTTI	-60	[1]	-103	[1]
Gross Unrealized Losses-Other	0	[2]	0	[2]
Estimated Fair Value (Net Carrying Amount)	$83,585		$80,282
[1]	Represents impairment not related to credit for those investment securities that have been determined to be other-than-temporarily impaired.
[2]	Represents unrealized losses on investment securities that have not been determined to be other-than-temporarily impaired.

Marketable_Securities_Amortize

Marketable Securities (Amortized Cost and Estimated Fair Value of Marketable Securities by Contractual Maturity) (Details) (USD $)	Mar. 29, 2014	Dec. 28, 2013
In Thousands, unless otherwise specified
Cost	'	'
Due in one year or less	$164,940	'
Due after one year through five years	763,230	'
Due after five years through ten years	240,920	'
Due after ten years	534,829	'
Other (No contractual maturity dates)	66,839	'
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Total	1,770,758	'
Estimated Fair Value	'	'
Due in one year or less	163,660	'
Due after one year through five years	759,414	'
Due after five years through ten years	233,601	'
Due after ten years	509,308	'
Other (No contractual maturity dates)	68,843	'
Estimated Fair Value (Net Carrying Amount)	$1,734,826	$1,651,968

Marketable_Securities_Addition

Marketable Securities (Additional information) (Details) (USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014		Dec. 28, 2013
Gross Unrealized Losses-OTTI	($40,684)	[1]	($57,356)	[1]
Change In Treasury Bond Yield Description	'The decline was due to increases in the 10 Year Treasury Bond Yield during 2013, which caused market valuations of securities in our investment portfolios to decline.		'
Held To Maturity Securities Continuous Unrealized Loss Position Percentage	46.00%		'
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	1,187,930		1,153,765
Available For Sale Securities Continuous Unrealized Loss Position Amortization Cost	1,231,505		1,215,498
Available For Sale Securities Other Than Temporary Impairments	$2,891	[2]	$4,377	[2]
[1]	Represents impairment not related to credit for those investment securities that have been determined to be other-than-temporarily impaired.
[2]	Represents unrealized losses on investment securities that have not been determined to be other-than-temporarily impaired.

Share_Repurchase_Plan_Addition

Share Repurchase Plan (Additional information) (Details) (USD $)	0 Months Ended	3 Months Ended
	Feb. 15, 2013	Mar. 29, 2014
Treasury Stock [Line Items]	'	'
Stock Repurchase Program, Authorized Amount	$300,000	'
Share repurchase program, shares repurchased	'	1,995,200
Share repurchase program, shares repurchased value	'	91,526
Stock Repurchase Program, Remaining Authorized Repurchase Amount	'	$208,474

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Income (Changes in Accumulated Other Comprehensive Income) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
Foreign Currency Translation Adjustment	'	'
Balance - beginning of period	$85,363	'
Other comprehensive income before reclassification	-15,518	-8,080
Amounts reclassified from accumulated other comprehensive income	0	'
Net current-period other comprehensive income	-15,518	'
Balance - end of period	69,845	'
Unrealized Gains (Losses) on Available for Sale Securities	'	'
Balance - beginning of period	-47,322	'
Other comprehensive income before reclassification	13,927	'
Amounts reclassified from accumulated other comprehensive income	-1,148	'
Net current-period other comprehensive income	12,779	'
Balance - end of period	-34,543	'
Total	'	'
Balance - beginning of period	38,041	'
Other comprehensive income before reclassification	-1,591	'
Amounts reclassified from accumulated other comprehensive income	-1,148	'
Net current-period other comprehensive income	-2,739	'
Balance - end of period	$35,302	'

Accumulated_Other_Comprehensiv3

Accumulated Other Comprehensive Income (Reclassifications Out of AOCI) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 29, 2014	Mar. 30, 2013
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]	'	'
Other income (expense)	$22,098	$1,708
Income tax provision	-23,649	7,032
Unrealized Gains (Losses) On Available-For-Sale Securities [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]	'	'
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]	'	'
Other income (expense)	1,544	'
Income tax provision	-396	'
Net of tax	$1,148	'