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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 6 Months Ended
Jun. 27, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair value of derivative instruments Fair value of derivative instruments at June 27, 2020 and December 28, 2019 are as follows:
Derivatives designated as hedging instruments:Balance sheet locationJune 27, 2020December 28, 2019
Foreign currency forward contracts
Prepaid expenses and other assets
$425  $2,119  
Cross currency swap contracts
Prepaid expenses and other assets
6,843  1,128  
$7,268  $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 and twenty-six weeks ended June 27, 2020 and June 29, 2019 are as follows:
Thirteen weeks endedTwenty-six weeks ended
Statements of earnings locationJune 27, 2020June 29, 2019June 27, 2020June 29, 2019
Commodity forward contracts
Product cost of sales
$—  $(96) $—  $(96) 
Foreign currency forward contracts
Other income (expenses)
$(93) $152  30  704  
Foreign currency forward contracts
Product sales
99  —  152  —  
Interest rate hedge amortization
Interest expense
(16) (16) (32) (32) 
Cross currency swap contracts
Interest expense
719  674  1,462  1,327  
$709  $714  $1,612  $1,903  
Schedule of notional amounts of outstanding derivative Key terms of the two CCS are as follows:
CurrencyNotional AmountTermination DateSwapped Interest RateSet Settlement Amount
Danish Krone (DKK)$50,000  April 1, 20242.68%DKK 333,625
Euro$80,000  April 1, 20242.825%€71,550