HEDGING ACTIVITIES (Tables)

6 Months Ended

Jun. 29, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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



Derivatives designated as hedging instruments:	Balance sheet location	June 29, 2019			December 29, 2018
Commodity forward contracts	Prepaid expenses and other assets	$	—		$	(285	)
Commodity forward contracts	Accrued expenses	(1,030		)	—
Foreign currency forward contracts	Prepaid expenses and other assets	1,372			8,357
Cross currency swap contracts	Prepaid expenses and other assets	661			1,075
Cross currency swap contracts	Accrued expenses	(4,216		)	—
		$	(3,213	)	$	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 and twenty-six weeks ended June 29, 2019 and June 30, 2018 are as follows:



		Thirteen Weeks Ended						Twenty-six weeks ended
	Statements of earnings location	June 29, 2019			June 30, 2018			June 29, 2019			June 30, 2018
Commodity forward contracts	Product cost of sales	$	(96	)	$	—		$	(96	)	$	—
Foreign currency forward contracts	Other income (expenses)	152			—			704			—
Foreign currency forward contracts	Loss from divestiture of grinding media business	$	—		(1,215		)	—			(1,215		)
Interest rate hedges	Interest expense	(16		)	25			(32		)	44
Cross currency swap contracts	Interest expense	674			—			1,327			—
		$	714		$	(1,190	)	$	1,903		$	(1,171	)

Schedule of notional amounts of outstanding derivative

Key terms of the two CCS are as follows:



Currency	Notional Amount		Termination Date	Swapped Interest Rate	Set Settlement Amount
Danish Krone, DKK	$	50,000	April 1, 2024	2.68%	DKK 333,625
Euro	$	80,000	April 1, 2024	2.825%	€71,550