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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 6 Months Ended
Jun. 25, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair value of derivative instruments Fair value of derivative instruments at June 25, 2022 and December 25, 2021 are as follows:
Derivatives designated as hedging instruments:Balance sheet locationJune 25, 2022December 25, 2021
Commodity forward contractsAccrued expenses$(5,252)$(5,802)
Foreign currency forward contractsPrepaid expenses and other assets64 149 
Foreign currency forward contractsAccrued expenses— (118)
Cross currency swap contractsPrepaid expenses and other assets8,724 1,764 
Cross currency swap contractsAccrued expenses(104)— 
$3,432 $(4,007)
Gains (losses) on derivatives recognized on statements of earnings Gains (losses) on derivatives recognized in the condensed consolidated statements of earnings for the thirteen and twenty-six weeks ended June 25, 2022 and June 26, 2021 are as follows:
Thirteen weeks endedTwenty-six weeks ended
Statements of earnings locationJune 25, 2022June 26, 2021June 25, 2022June 26, 2021
Commodity forward contractsProduct cost of sales$(1,545)$270 $498 $270 
Foreign currency forward contracts  Other income (234)154 (85)(64)
Interest rate hedge amortizationInterest expense(16)(16)(32)(32)
Cross currency swap contractsInterest expense733 658 1,507 1,368 
$(1,062)$1,066 $1,888 $1,542 
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