Interest Expense (Income)

6 Months Ended

Jun. 29, 2019

Banking And Thrift Interest [Abstract]

Interest Expense (Income)

12. INTEREST EXPENSE (INCOME): The components of net interest expense for the second quarter and first six months of 2019 and 2018 are as follows (in thousands):

	Three Months (13 Weeks) Ended						Six Months (26 Weeks) Ended
	June 29, 2019			June 30, 2018			June 29, 2019			June 30, 2018
Interest expense	$	41,953		$	35,341		$	79,015		$	75,519
Interest income		(8,923	)		(5,890	)		(17,542	)		(8,954	)
Interest expense, net	$	33,030		$	29,451		$	61,473		$	66,565

Included in interest expense in the second quarter and first six months of 2018 was the benefit received from the settlement of a treasury lock instrument that was entered into in anticipation of the Company’s debt issuance that occurred in the second quarter of 2018. The Company did not elect hedge accounting for this instrument.