Derivatives (Tables)

12 Months Ended

Dec. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

(in thousands):

Functional Currency		Contract Currency
Type	Amount	Type	Amount
Brazilian real	170,788	Euro	31,272
Brazilian real	1,546,487	U.S. Dollar	292,015
Euro	48,435	U.S. Dollar	52,622
Euro	40,614	Polish zloty	176,500
Euro	11,177	Japanese yen	1,741,390
Euro	25,043	Chinese renminbi	195,270
Euro	18,373	Australian dollar	30,150
Euro	2,797	British pound	2,415
Polish zloty	35,023	Euro	8,066
Polish zloty	2,941	U.S. dollar	740
British pound	149	Euro	173
British pound	75	U.S. dollar	95
Japanese yen	145,199	U.S. dollar	994
U.S. dollar	1,050	Japanese yen	149,000
U.S. dollar	562,340	Euro	519,182
Australian dollar	162	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 30, 2023, December 31, 2022 and January 1, 2022 (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 30, 2023		December 31, 2022		January 1, 2022
Foreign exchange	Foreign currency loss/(gain)	$	(2,031)	$	42,690	$	21,698
Foreign exchange	Net sales	(1,789)		(1,108)		1,178
Foreign exchange	Cost of sales and operating expenses	(294)		(949)		(844)
Foreign exchange	Selling, general and administrative expense	(7,109)		(4,200)		3,405
Corn options and futures	Net sales	1,945		(2,092)		(3,564)
Corn options and futures	Cost of sales and operating expenses	(3,085)		5,447		5,669
Heating oil swaps and options	Selling, general and administrative expense	49		122		—
Soybean meal	Net sales	282		(1,730)		—
Total		$	(12,032)	$	38,180	$	27,542