Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 28, 2014

Derivative Financial Instruments (Thousands of Dollars) [Abstract]

Summary of Cash Flow Hedging Instruments

At March 29, 2015, March 30, 2014 and December 28, 2014, the notional amounts and fair values of the Company's foreign currency forward contracts designated as cash flow hedging instruments were as follows:

	March 29, 2015					March 30, 2014					December 28, 2014
Hedged transaction	Notional Amount		Fair Value			Notional Amount		Fair Value			Notional Amount		Fair Value
Inventory purchases	$	912,376		135,512			609,689		(6,966	)		863,232		69,049
Sales		232,643		(6,769	)		161,760		(1,155	)		139,946		829
Intercompany royalty transaction		-		-			2,812		(2,403	)		-		-
Other		84,518		(2,766	)		51,243		(637	)		51,213		(1,008	)
Total	$	1,229,537		125,977			825,504		(11,161	)		1,054,391		68,870

Derivatives Fair Value by Balance Sheet Location

The Company has a master agreement with each of its counterparties that allows for the netting of outstanding forward contracts. The fair values of the Company's foreign currency forward contracts designated as cash flow hedges are recorded in the consolidated balance sheets at March 29, 2015, March 30, 2014 and December 28, 2014 as follows:

	March 29, 2015			March 30, 2014			December 28, 2014
Prepaid expenses and other current assets
Unrealized gains	$	74,219			999			46,594
Unrealized losses		(10,253	)		(647	)		(11,508	)
Net unrealized gain	$	63,966			352			35,086
Other assets
Unrealized gains	$	66,438			-			34,234
Unrealized losses		(914	)		-			(172	)
Net unrealized gains	$	65,524			-			34,062
Accrued liabilities
Unrealized gains	$	3,149			4,597			447
Unrealized losses		(6,662	)		(13,946	)		(725	)
Net unrealized loss	$	(3,513	)		(9,349	)		(278	)
Other liabilities
Unrealized gains	$	-			256			-
Unrealized losses		-			(2,420	)		-
Net unrealized loss	$	-			(2,164	)		-

Schedule of Derivative Instruments, Gain (Loss) in Statement of Operations

Net gains (losses) on foreign currency cash flow hedging activities have been reclassified from other comprehensive earnings (loss) to net earnings for the quarters ended March 29, 2015 and March 30, 2014 as follows:

	Quarter Ended
	March 29, 2015			March 30, 2014
Statements of Operations Classification
Cost of sales	$	10,063			(1,019	)
Royalties		43			(350	)
Net revenues		(1,354	)		(159	)
Net realized gains (losses)	$	8,752			(1,528	)

Fair values of undesignated derivative financial instruments

At March 29, 2015, March 30, 2014 and December 28, 2014, the fair values of the Company's undesignated derivative financial instruments were recorded in the consolidated balance sheets as follows:

	March 29, 2015			March 30, 2014			December 28, 2014
Prepaid expenses and other current assets
Unrealized gains	$	1,088			1,218			-
Unrealized losses		(28	)		(421	)		-
Net unrealized gain		1,060			797			-
Other assets
Unrealized gains		-			163			-
Unrealized losses		-			(1	)		-
Net unrealized gain		-			162			-
Accrued liabilities
Unrealized gains		-			-			1,733
Unrealized losses		-			-			(4,046	)
Net unrealized loss		-			-			(2,313	)
Total unrealized gain, net	$	1,060			959			(2,313	)