Derivative Instruments (Tables)

9 Months Ended

Sep. 29, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The table below sets forth the fair value of derivative instruments as of September 29, 2019 (in thousands):

	Asset Derivatives as of September 29, 2019			Liability Derivatives as of September 29, 2019
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivative instruments designated as hedging instruments:
Foreign currency contracts	Other current assets	$	—	Accrued expenses	$	—
Interest rate swap contracts	Other current assets	—		Accrued expenses	7,588
		$	—		$	7,588

The table below sets forth the fair value of derivative instruments as of December 30, 2018 (in thousands):

	Asset Derivatives as of December 30, 2018			Liability Derivatives as of December 30, 2018
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivative instruments designated as hedging instruments:
Foreign currency contracts	Other current assets	$	651	Other current liabilities	$	—
Interest rate swap contract	Other current assets	$	1,794	Other current liabilities	—
		$	2,445		—

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table summarizes the impact that changes in the fair value of derivatives designated as cash flow hedges and included in the assessment of hedge effectiveness had on accumulated other comprehensive income during the three and nine months ended September 29, 2019, and September 30, 2018 (in thousands):

	Three Months Ended						Nine Months Ended
	September 29, 2019			September 30, 2018			September 29, 2019			September 30, 2018
				(In thousands)
Foreign currency contracts gain (loss)	$	627		$	(167	)	$	468		$	(167	)
Interest rate swap contracts (loss) gain	(1,568		)	453			(9,382		)	2,732
(Loss) gain recognized in accumulated other comprehensive income	$	(941	)	$	286		$	(8,914	)	$	2,565

The following table summarizes the losses reclassified from accumulated other comprehensive income during the three and nine months ended September 29, 2019 (in thousands):

		Three Months Ended		Nine Months Ended
	Statement of Operations Location	September 29, 2019		September 29, 2019
		(In thousands)
Foreign currency contracts	Cost of sales	$	450	$	450