Derivative Instruments and Hedging Activity Tables (Tables)

6 Months Ended

Jul. 02, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments NonHedging [Table Text Block]

The following table summarizes the notional amount and the fair value of the Company’s outstanding derivatives not designated as hedging instruments (on a gross basis) and balance sheet classification as of July 2, 2021 and December 31, 2020:

	July 2, 2021				December 31, 2020
(Thousands)	Notional Amount		Fair Value		Notional Amount		Fair Value
Foreign currency forward contracts
Prepaid expenses	$	62,324	$	142	$	62,012	$	107
Other liabilities and accrued items	12,427		75		7,695		55

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

The following table summarizes the notional amount and the fair value of the Company’s outstanding derivatives designated as cash flow hedges (on a gross basis) and balance sheet classification as of July 2, 2021 and December 31, 2020:

	July 2, 2021				December 31, 2020
(Thousands)	Notional Amount		Fair Value		Notional Amount		Fair Value
Prepaid expenses
Foreign currency forward contracts - yen	$	3,778	$	107	$	—	$	—
Foreign currency forward contracts - euro	20,727		199		—		—
Precious metal swaps	4,538		258		2,155		127
Copper swaps	—		—		6,225		632
Total	29,043		564		8,380		759
Other assets
Foreign currency forward contracts - yen	275		3		—		—
Foreign currency forward contracts - euro	1,822		26		—		—
Total	2,097		29		—		—
Other liabilities and accrued items
Foreign currency forward contracts - yen	471		2		2,668		59
Foreign currency forward contracts - euro	5,900		61		17,611		1,089
Precious metal swaps	518		17		4,964		349
Copper swaps	—		—		2,445		27
Total	6,889		80		27,688		1,524
Other long-term liabilities
Foreign currency forward contracts - yen	271		—		—		—
Foreign currency forward contracts - euro	2,383		13		—		—
Total	2,654		13		—		—
Total	$	40,683	$	500	$	36,068	$	765

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]

The following table summarizes the amounts reclassified from accumulated other comprehensive income relating to the hedging relationship of the Company’s outstanding derivatives designated as cash flow hedges and income statement classification as of the second quarter and first six months of 2021 and 2020: 

		Second Quarter Ended
(Thousands)		July 2, 2021		June 26, 2020
Hedging relationship	Line item
Foreign currency forward contracts	Net sales	$	—	$	8
Precious metal swaps	Cost of sales	65		491
Copper swaps	Cost of sales	(1,507)		132
Total		$	(1,442)	$	631

		Six Months Ended
(Thousands)		July 2, 2021		June 26, 2020
Hedging relationship	Line item
Foreign currency forward contracts	Net sales	$	140	$	7
Precious metal swaps	Cost of sales	(39)		809
Copper swaps	Cost of sales	(3,041)		453
Total		$	(2,940)	$	1,269