FOREIGN CURRENCY CONTRACTS (Tables)

12 Months Ended

Dec. 25, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments on Statements of Income

The following table summarizes the effect of the foreign exchange forward contracts entered into to limit the Company’s foreign currency exposure related to U.S. dollar denominated loans borrowed by a non-U.S. Euro functional currency entity under the Credit Facility on the Company’s consolidated statements of income:

	Fiscal Year
	2021				2020				2019
Location of gain (loss)	Financial statement caption amount		Amount of gain (loss)		Financial statement caption amount		Amount of gain (loss)		Financial statement caption amount		Amount of gain (loss)
	(in thousands)
Interest expense	$	73,910	$	34,131	$	86,433	$	(9,325)	$	60,882	$	18,672

The following table summarizes the effect of the foreign exchange forward contracts in connection with certain intercompany loans on the Company’s consolidated statements of income:

	Fiscal Year
	2021				2020				2019
Location of gain (loss)	Financial statement caption amount		Amount of gain (loss)		Financial statement caption amount		Amount of gain (loss)		Financial statement caption amount		Amount of gain (loss)
	(in thousands)
Other (expense) income, net	$	(35,894)	$	(1,599)	$	99,984	$	(892)	$	12,293	$	(121)

Schedule of Notional Amounts and Fair Value of Derivatives

The notional amount and fair value of the open contract is summarized as follows:

December 25, 2021
Notional Amount		Fair Value		Balance Sheet Location
(in thousands)
$	39,211	$	(141)	Other current liabilities