Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 27, 2014

Derivative Instruments and Hedging Activities

Summary of the Company's outstanding derivative contracts and their effects on the Condensed Consolidated Statements of Financial Position

	September 27, 2014
	Notional
	Amounts		Assets		Liabilities
Derivatives designated as hedging instruments:
Foreign currency forward contracts	$	33,291	$	20	$	(1,258)
Commodity futures contracts		3,352		-		(377)
Total derivatives designated as hedging instruments				20		(1,635)
Derivatives not designated as hedging instruments:
Commodity futures contracts		-		-		-
Total derivatives not designated as hedging instruments				-		-
Total derivatives			$	20	$	(1,635)
	December 31, 2013
	Notional
	Amounts		Assets		Liabilities
Derivatives designated as hedging instruments:
Foreign currency forward contracts	$	34,244	$	-	$	(684)
Commodity futures contracts		5,601		41		(191)
Total derivatives designated as hedging instruments				41		(875)
Derivatives not designated as hedging instruments:
Commodity futures contracts		321		20		-
Total derivatives not designated as hedging instruments				20		-
Total derivatives			$	61	$	(875)
	September 28, 2013
	Notional
	Amounts		Assets		Liabilities
Derivatives designated as hedging instruments:
Foreign currency forward contracts	$	30,181	$	29	$	-
Commodity futures contracts		4,376		114		(66)
Total derivatives designated as hedging instruments				143		(66)
Derivatives not designated as hedging instruments:
Commodity futures contracts		871		49		-
Total derivatives not designated as hedging instruments				49		-
Total derivatives			$	192	$	(66)

Effects of derivative instruments on the Condensed Consolidated Statement of Earnings and Retained Earnings, and the Condensed Consolidated Statement of Comprehensive Earnings

	For Quarter Ended September 27, 2014
					Gain (Loss)
			Gain (Loss)		on Amount Excluded
	Gain(Loss)		Reclassified from		from Effectiveness
	Recognized		Accumulated OCI		Testing Recognized
	in OCI		into Earnings		in Earnings
Foreign currency forward contracts	$	(1,492)	$	(173)	$	-
Commodity futures contracts		(762)		(235)		-
Commodity option contracts		-		-		-
Total	$	(2,254)	$	(408)	$	-
	For Quarter Ended September 28, 2013
					Gain (Loss)
			Gain (Loss)		on Amount Excluded
	Gain(Loss)		Reclassified from		from Effectiveness
	Recognized		Accumulated OCI		Testing Recognized
	in OCI		into Earnings		in Earnings
Foreign currency forward contracts	$	626	$	(162)	$	-
Commodity futures contracts		142		(153)		-
Commodity option contracts		-		-		-
Total	$	768	$	(315)	$	-
	For Year to Date Ended September 27, 2014
					Gain (Loss)
			Gain (Loss)		on Amount Excluded
	Gain(Loss)		Reclassified from		from Effectiveness
	Recognized		Accumulated OCI		Testing Recognized
	in OCI		into Earnings		in Earnings
Foreign currency forward contracts	$	(1,178)	$	(624)	$	-
Commodity futures contracts		(521)		(294)		-
Commodity option contracts		-		-		-
Total	$	(1,699)	$	(918)	$	-
	For Year to Date Ended September 28, 2013
					Gain (Loss)
			Gain (Loss)		on Amount Excluded
	Gain(Loss)		Reclassified from		from Effectiveness
	Recognized		Accumulated OCI		Testing Recognized
	in OCI		into Earnings		in Earnings
Foreign currency forward contracts	$	(241)	$	(270)	$	-
Commodity futures contracts		(723)		(946)		-
Commodity option contracts		-		-		-
Total	$	(964)	$	(1,216)	$	-