Derivative Instruments and Hedging Activity Tables (Tables)

6 Months Ended

Jun. 26, 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 June 26, 2020 and December 31, 2019:

	June 26, 2020				December 31, 2019
(Thousands)	Notional Amount		Fair Value		Notional Amount		Fair Value
Foreign currency forward contracts
Prepaid expenses	$	152,803	$	2,198	$	13,734	$	95
Other liabilities and accrued items	9,786		63		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 June 26, 2020 and December 31, 2019:

	June 26, 2020				December 31, 2019
(Thousands)	Notional Amount		Fair Value		Notional Amount		Fair Value
Prepaid expenses
Foreign currency forward contracts - yen	$	—	$	—	$	1,025	$	10
Foreign currency forward contracts - euro	5,084		22		3,466		83
Precious metal swaps	—		—		1,116		34
Copper swaps	2,235		137		1,951		61
Total	7,319		159		7,558		188
Other assets
Precious metal swaps	—		—		157		1
Other liabilities and accrued items
Foreign currency forward contracts - yen	2,031		25		2,355		12
Foreign currency forward contracts - euro	11,974		420		15,686		183
Precious metal swaps	5,910		1,004		7,034		618
Copper swaps	293		3		1,266		28
Total	20,208		1,452		26,341		841
Other long-term liabilities
Foreign currency forward contracts - yen	112		1		—		—
Foreign currency forward contracts - euro	553		14		—		—
Precious metal swaps	172		9		149		5
Total	837		24		149		5
Total	$	28,364	$	1,317	$	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 second quarter and first six months of 2020 and 2019: 

		Second Quarter Ended		Second Quarter Ended
(Thousands)		June 26, 2020		June 28, 2019
Hedging relationship	Line item
Foreign currency forward contracts	Net sales	$	8	$	(46)
Precious metal swaps	Cost of sales	491		(1)
Copper swaps	Cost of sales	132		163
Total		$	631	$	116

		Six Months Ended		Six Months Ended
(Thousands)		June 26, 2020		June 28, 2019
Hedging relationship	Line item
Foreign currency forward contracts	Net sales	$	7	$	(44)
Precious metal swaps	Cost of sales	809		(62)
Copper swaps	Cost of sales	453		92
Total		$	1,269	$	(14)