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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
Sep. 25, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair value of derivative instruments Fair value of derivative instruments at September 25, 2021 and December 26, 2020 are as follows:
Derivatives designated as hedging instruments:Balance sheet locationSeptember 25, 2021December 26, 2020
Commodity forward contracts
Prepaid expenses and other assets
$7,623 $— 
Foreign currency forward contracts
Prepaid expenses and other assets
— 724 
Foreign currency forward contracts
Accrued expenses
(84)— 
Cross currency swap contracts
Prepaid expenses and other assets
1,309 600 
Cross currency swap contracts
Accrued expenses
(1,847)(7,235)
$7,001 $(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 thirty-nine weeks ended September 25, 2021 and September 26, 2020 are as follows:
Thirteen weeks endedThirty-nine weeks ended
Statements of earnings locationSeptember 25, 2021September 26, 2020September 25, 2021September 26, 2020
Commodity forward contractsProduct cost of sales$9,870 $— $10,140 $— 
Foreign currency forward contracts  Other income 187 116 123 146 
Foreign currency forward contractsProduct sales— 1,017 — 1,169 
Interest rate hedge amortizationInterest expense(16)(16)(48)(48)
Cross currency swap contractsInterest expense691 649 2,060 2,111 
$10,732 $1,766 $12,275 $3,378 
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