Derivative Instruments (Tables)

6 Months Ended

Jul. 05, 2020

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 July 5, 2020:

	Asset Derivatives as of July 5, 2020			Liability Derivatives as of July 5, 2020
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
	(In thousands)
Derivative instruments designated as hedging instruments:
Interest rate swap contracts	Other current assets	$	—	Accrued expenses	$	14,893
Derivative instruments not designated as hedging instruments:
Foreign currency options	Other current assets	320		Accrued expenses	—
		$	320		$	14,893

The table below sets forth the fair value of derivative instruments as of December 29, 2019:

	Asset Derivatives as of December 29, 2019			Liability Derivatives as of December 29, 2019
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
	(In thousands)
Derivative instruments designated as hedging instruments:
Interest rate swap contracts	Other current assets	$	—	Accrued expenses	$	5,801
Derivative instruments not designated as hedging instruments:
Foreign currency options	Other current assets	251		Accrued expenses	—
		$	251		$	5,801

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 had on accumulated other comprehensive loss, net of tax, during the three and six months ended July 5, 2020 and June 30, 2019:

	Three Months Ended						Six Months Ended
	July 5, 2020			June 30, 2019			July 5, 2020			June 30, 2019
	(In thousands)
Foreign currency contracts gain (loss)	$	—		$	204		$	—		$	(159	)
Interest rate swap contracts loss	(351		)	(4,871		)	(6,491		)	(7,814		)
Loss recognized in accumulated other comprehensive loss	$	(351	)	$	(4,667	)	$	(6,491	)	$	(7,973	)

Derivatives Not Designated as Hedging Instruments [Table Text Block]

The following tables summarize gains and losses on derivatives not designated as hedging instruments within the consolidated condensed statements of operations for the three and six months ended July 5, 2020 and June 30, 2019:

		Three Months Ended
	Statement of Operations Location	July 5, 2020			June 30, 2019
		(In thousands)
Foreign currency options loss	Other expense	$	(1,629	)	$	(144	)
		Six Months Ended
	Statement of Operations Location	July 5, 2020			June 30, 2019
		(In thousands)
Foreign currency options gain (loss)	Other expense	$	79		$	(549	)