Derivative Instruments and Hedging Activity Tables (Tables)

3 Months Ended

Mar. 27, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments NonHedging [Table Text Block]

The following table summarizes the notional amount and the fair value of the Company’s outstanding derivatives not designated as hedging instruments (on a gross basis) and balance sheet classification as of March 27, 2020 and December 31, 2019:

	March 27, 2020				December 31, 2019
(Thousands)	Notional Amount		Fair Value		Notional Amount		Fair Value
Foreign currency forward contracts
Prepaid expenses	$	1,297	$	3	$	13,734	$	95
Other liabilities and accrued items	12,471		21		5,757		16

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

The following table summarizes the notional amount and the fair value of the Company’s outstanding derivatives designated as cash flow hedges (on a gross basis) and balance sheet classification as of March 27, 2020 and December 31, 2019:

	March 27, 2020				December 31, 2019
(Thousands)	Notional Amount		Fair Value		Notional Amount		Fair Value
Prepaid expenses
Foreign currency forward contracts - yen	$	807	$	16	$	1,025	$	10
Foreign currency forward contracts - euro	12,434		156		3,466		83
Precious metal swaps	—		—		1,116		34
Copper swaps	—		—		1,951		61
Total	13,241		172		7,558		188
Other assets
Precious metal swaps	—		—		157		1
Other liabilities and accrued items
Foreign currency forward contracts - yen	2,780		32		2,355		12
Foreign currency forward contracts - euro	6,956		328		15,686		183
Precious metal swaps	8,441		1,093		7,034		618
Copper swaps	3,140		424		1,266		28
Total	21,317		1,877		26,341		841
Other long-term liabilities
Foreign currency forward contracts - yen	109		4		—		—
Foreign currency forward contracts - euro	1,075		53		—		—
Precious metal swaps	—		—		149		5
Total	1,184		57		149		5
Total	$	35,742	$	1,762	$	34,205	$	657

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]

The following table summarizes the amounts reclassified from accumulated other comprehensive income relating to the hedging relationship of the Company’s outstanding derivatives designated as cash flow hedges and income statement classification as of the first quarter of 2020 and 2019: 

		First Quarter Ended			First Quarter Ended
(Thousands)		March 27, 2020			March 29, 2019
Hedging relationship	Line item
Foreign currency forward contracts	Net sales	$	(1	)	$	2
Precious metal swaps	Cost of sales	318			(61		)
Copper swaps	Cost of sales	321			(71		)
Total		$	638		$	(130	)