DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 29, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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



Derivatives designated as hedging instruments:	Balance sheet location	December 29, 2018			December 30, 2017
Commodity forward contracts	Prepaid expenses and other assets	$	(285	)	$	—
Foreign currency forward contracts	Prepaid expenses and other assets	8,357			—
Foreign currency forward contracts	Accrued expenses	—			(826		)
Cross currency swap contracts	Prepaid expenses and other assets	1,075			—
		$	9,147		$	(826	)

Gains (losses) on derivatives recognized on statements of earnings

Gains (losses) on derivatives recognized in the consolidated statements of earnings for the years ended December 29, 2018, December 30, 2017, and December 31, 2016 are as follows:



Derivatives designated as hedging instruments:	Statements of earnings location	2018			2017			2016
Commodity forward contracts	Product cost of sales	$	1,021		$	—		$	—
Foreign currency forward contracts	Loss from divestiture of grinding media business	(1,215		)	—			—
Foreign currency forward contracts	Other income (expense)	782			—			—
Interest rate contracts	Interest expense	(423		)	(74		)	(74		)
Cross currency swap contracts	Interest expense	828			—			—
		$	993		$	(74	)	$	(74	)

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