Derivative Instruments (Tables)

9 Months Ended

Sep. 26, 2020

Derivative Instruments, Gain (Loss) [Line Items]

Derivative Instruments, Gain (Loss) [Table Text Block]

Gains (losses) associated with derivative instruments not designated as hedging instruments are as follows (in thousands):

		Three Months Ended				Nine Months Ended
	Classification	September 26, 2020		September 28, 2019		September 26, 2020		September 28, 2019
Gain (loss) recognized in income	Other income, net	$	(2,232)	$	852	$	(3,475)	$	200

The following tables reflect the effect of derivatives designated as cash flow hedging (in thousands): 

	Gain (loss) recognized in OCI on Derivative (1)
	Three Months Ended				Nine Months Ended
	September 26, 2020		September 28, 2019		September 26, 2020		September 28, 2019
Foreign currency forward contracts	$	(11,230)	$	10,905	$	(7,177)	$	15,254

(1)The amount represents the change in fair value of derivative contracts due to changes in spot rates.

	Gain (loss) recognized in earnings on cash flow hedging instruments
	Three Months Ended				Nine Months Ended
	September 26, 2020		September 28, 2019		September 26, 2020		September 28, 2019
	Revenue				Revenue
Consolidated statements of operations in which the effects of cash flow hedging instruments are recorded	$	413,145	$	289,399	$	885,563	$	787,232
Gain (loss) on cash flow hedging relationships:
Foreign currency forward contracts:
Amount of gain reclassified from AOCI into earnings	$	993	$	185	$	4,711	$	400