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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 6 Months Ended
Jun. 26, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair value of derivative instruments Fair value of derivative instruments at June 26, 2021 and December 26, 2020 are as follows:
Derivatives designated as hedging instruments:Balance sheet locationJune 26, 2021December 26, 2020
Commodity forward contracts
Prepaid expenses and other assets
$25,984 $— 
Foreign currency forward contracts
Prepaid expenses and other assets
(167)724 
Cross currency swap contracts
Prepaid expenses and other assets
618 600 
Cross currency swap contracts
Accrued expenses
(5,220)(7,235)
$21,215 $(5,911)
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 26, 2021 and June 27, 2020 are as follows:
Thirteen weeks endedTwenty-six weeks ended
Statements of earnings locationJune 26, 2021June 27, 2020June 26, 2021June 27, 2020
Commodity forward contractsProduct cost of sales$270 $— $270 $— 
Foreign currency forward contracts  Other income 154 (93)(64)30 
Foreign currency forward contractsProduct sales— 99 — 152 
Interest rate hedge amortizationInterest expense(16)(16)(32)(32)
Cross currency swap contractsInterest expense658 719 1,368 1,462 
$1,066 $709 $1,542 $1,612 
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