DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 28, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair value of derivative instruments

Fair value of derivative instruments at March 28, 2020 and December 28, 2019 are as follows:

Derivatives designated as hedging instruments:	Balance sheet location	March 28, 2020		December 28, 2019
Foreign currency forward contracts	Prepaid expenses and other assets	$	14,351	$	2,119
Cross currency swap contracts	Prepaid expenses and other assets	10,274		1,128
		$	24,625	$	3,247

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 28, 2020 and March 30, 2019 are as follows:

		Thirteen weeks ended
	Statements of earnings location	March 28, 2020		March 30, 2019
Foreign currency forward contracts	Other income (expenses)	$	123	$	552
Foreign currency forward contracts	Product sales	53		—
Interest rate hedge amortization	Interest expense	(16)		—
Cross currency swap contracts	Interest expense	743		653
		$	903	$	1,205

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