HEDGING ACTIVITIES (Tables)

3 Months Ended

Mar. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair value of derivative instruments at March 30, 2019 and December 29, 2018 are as follows:



Derivatives designated as hedging instruments:	Balance sheet location	March 30, 2019		December 29, 2018
Commodity forward contracts	Prepaid expenses and other assets	$	—	$	(285	)
Foreign currency forward contracts	Prepaid expenses and other assets	9,000		8,357
Cross currency swap contracts	Prepaid expenses and other assets	4,743		1,075
		$	13,743	$	9,147

Gains (losses) on derivatives recognized on statements of earnings

Gains (losses) on derivatives recognized in the condensed consolidated statements of earnings for the thirteen weeks ended March 30, 2019 and March 31, 2018 are as follows:



		Thirteen Weeks Ended
Derivatives designated as hedging instruments:	Statements of earnings location	March 30, 2019		March 31, 2018
Foreign currency forward contracts	Other income (expenses)	552		—
Cross currency swap contracts	Interest expense	653		—
		$	1,205	$	—

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