Derivatives (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

(in thousands):

Functional Currency		Contract Currency
Type	Amount	Type	Amount
Brazilian real	627	Euro	110
Brazilian real	3,458,502	U.S. Dollar	807,739
Euro	33,631	U.S. Dollar	35,505
Euro	26,798	Polish zloty	126,500
Euro	12,982	Japanese yen	1,859,840
Euro	18,827	Chinese renminbi	138,363
Euro	17,221	Australian dollar	26,800
Euro	3,398	British pound	2,972
Euro	34	Canadian dollar	50
Polish zloty	38,373	Euro	8,155
Polish zloty	1,212	U.S. dollar	274
British pound	284	Euro	325
British pound	446	U.S. dollar	544
Japanese yen	360,425	U.S. dollar	2,753
U.S. dollar	746	Japanese yen	101,000
U.S. dollar	352	Euro	330
Australian dollar	159	Euro	100

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The table below summarizes the effect of derivatives not designated as hedges on the Company's consolidated statements of operations for the year ended December 31, 2022, January 1, 2022 and January 2, 2021 (in thousands):

		Loss or (Gain) Recognized in Income on Derivatives Not Designated as Hedges
		For The Year Ended
Derivatives not designated as hedging instruments	Location	December 31, 2022		January 1, 2022		January 2, 2021
Foreign exchange	Foreign currency loss/(gain)	$	42,690	$	21,698	$	(3,840)
Foreign exchange	Net sales	(1,108)		1,178		(778)
Foreign exchange	Cost of sales and operating expenses	(949)		(844)		(664)
Foreign exchange	Selling, general and administrative expense	(4,200)		3,405		4,976
Corn options and futures	Net sales	(2,092)		(3,564)		(1,091)
Corn options and futures	Cost of sales and operating expenses	5,447		5,669		(50)
Heating oil swaps and options	Net sales	—		—		(38)
Heating oil swaps and options	Selling, general and administrative expense	122		—		—
Soybean meal	Net sales	(1,730)		—		—
Total		$	38,180	$	27,542	$	(1,485)