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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 26, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Instruments Fair value of derivative instruments at December 26, 2020 and December 28, 2019 are as follows:
Derivatives designated as hedging instruments:Balance sheet locationDecember 26, 2020December 28, 2019
Foreign currency forward contracts
Prepaid expenses and other assets
724 2,119 
Cross currency swap contracts
Prepaid expenses and other assets
600 1,128 
Cross currency swap contracts
Accrued expenses
(7,235)— 
$(5,911)$3,247 
Schedule of 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 26, 2020, December 28, 2019, and December 29, 2018 are as follows:
Derivatives designated as hedging instruments:Statements of earnings location202020192018
Commodity forward contracts
Product cost of sales
$— $(2,130)$1,021 
Foreign currency forward contracts
Loss from divestiture of grinding media business
— — (1,215)
Foreign currency forward contractsProduct Sales1,598 — — 
Foreign currency forward contracts
Other income (expense)
187 950 782 
Interest rate contracts
Interest expense
(64)(64)(423)
Cross currency swap contracts
Interest expense
2,738 2,823 828 
$4,459 $1,579 $993 
Schedule of notional amounts of outstanding derivative
Key terms of the two CCS are as follows:
CurrencyNotional AmountTermination DateSwapped Interest RateNet Settlement Amount
Danish Krone (DKK)$50,000 April 1, 20242.68%DKK 333,625
Euro$80,000 April 1, 20242.825%€71,550