Hedging Transactions and Derivative Financial Instruments (Tables)

3 Months Ended

Apr. 01, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Reconciliation of Company's Derivatives by Contract Type

Set forth below is a reconciliation of the Company’s derivatives by contract type for the periods indicated:

(in millions of U.S. dollars)	April 1, 2017				December 31, 2016
Derivative Contract	Assets		Liabilities		Assets		Liabilities
Foreign currency hedge	$	—	$	—	$	0.1	$	—
Coffee futures 1		—		0.3		—		6.1
	$	—	$	0.3	$	0.1	$	6.1

^1.  The fair value of the coffee futures excludes amounts in the related margin accounts. As of April 1, 2017 and December 31, 2016, the aggregate margin account balances were $3.0 million and $9.2 million, respectively, and are included in cash & cash equivalents on the consolidated balance sheets.

Summary of Fair Value of Coffee Futures Assets and Liabilities

The fair value of the coffee futures assets and liabilities which are shown on a net basis are reconciled in the table below:

(in millions of U.S. dollars)	April 1, 2017			December 31, 2016
Coffee futures assets	$	1.1		$	1.4
Coffee futures liabilities		(1.4	)		(7.5	)
Net asset (liability)	$	(0.3	)	$	(6.1	)