HEDGING ACTIVITIES (Tables)

9 Months Ended

Sep. 29, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair value of derivative instruments at September 29, 2018 and December 30, 2017 are as follows:



Derivatives designated as hedging instruments:	Balance sheet location	September 29, 2018			December 30, 2017
Commodity forward contracts	Prepaid expenses and other assets	$	854		$	—
Foreign currency forward contracts	Prepaid expenses and other assets	4,534			—
Foreign currency forward contracts	Accrued expenses	—			(826		)
Cross currency swap contracts	Prepaid expenses and other assets	206			—
Cross currency swap contracts	Accrued expenses	(2,715		)	—
		$	2,879		$	(826	)

Gains (losses) on derivatives recognized on statements of earnings

Gains (losses) on derivatives recognized in the condensed consolidated statements of earnings for the thirteen and thirty-nine weeks ended September 29, 2018 and September 30, 2017 are as follows:



		Thirteen weeks ended						Thirty-nine weeks ended
Derivatives designated as hedging instruments:	Statements of earnings location	September 29, 2018			September 30, 2017			September 29, 2018			September 30, 2017
Commodity forward contracts	Product cost of sales	$	717		$	—		$	717		$	—
Foreign currency forward contracts	Other income (expense)	230			—			230			—
Interest rate hedges	Interest expense	(395		)	(19		)	(439		)	(56		)
Cross currency swap contracts	Interest expense	206			—			206			—
		$	758		$	(19	)	$	714		$	(56	)

Schedule of notional amounts of outstanding derivative

Key terms of the three CCS are as follows:



Currency	Notional Amount		Termination Date	Swapped Interest Rate	Set Settlement Amount
Danish Kroner, DKK	$	60,000	October 1, 2023	2.52%	DKK 386,118
Euro	$	25,000	October 1, 2020	2.14%	€21,580
Euro	$	10,000	October 1, 2021	2.29%	€8,631