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Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Cash Flow Hedging Instruments
At June 30, 2019, July 1, 2018 and December 30, 2018, the notional amounts and fair values of the Company's foreign currency forward contracts designated as cash flow hedging instruments were as follows:
 
June 30, 2019
 
July 1, 2018
 
December 30, 2018
Hedged transaction
Notional
Amount
 
Fair
Value
 
Notional
Amount
 
Fair
Value
 
Notional
Amount
 
Fair
Value
Inventory purchases
$
480,244

 
16,062

 
647,255

 
10,248

 
468,305

 
15,089

Sales
235,874

 
8,452

 
342,123

 
11,291

 
298,194

 
11,232

Royalties and Other
12,228

 
15

 
151,689

 
(4,575
)
 
26,341

 
(304
)
Total
$
728,346

 
24,529

 
1,141,067

 
16,964

 
792,840

 
26,017



Schedule of Foreign Currency Forward Contracts Designated as Cash Flow Hedges The fair values of the Company's foreign currency forward contracts designated as cash flow hedges are recorded in the consolidated balance sheets at June 30, 2019, July 1, 2018 and December 30, 2018 as follows:
 
June 30,
2019
 
July 1,
2018
 
December 30,
2018
Prepaid expenses and other current assets
 
 
 
 
 
Unrealized gains
$
18,554

 
17,388

 
21,718

Unrealized losses
(1,911
)
 
(5,307
)
 
(972
)
Net unrealized gains
$
16,643

 
12,081

 
20,746

 
 
 
 
 
 
Other assets
 
 
 
 
 
Unrealized gains
$
8,250

 
12,774

 
6,173

Unrealized losses
(271
)
 
(2,700
)
 
(843
)
Net unrealized gains
$
7,979

 
10,074

 
5,330

 
 
 
 
 
 
Accrued liabilities
 
 
 
 
 
Unrealized gains
$

 
911

 
77

Unrealized losses
(78
)
 
(3,118
)
 
(136
)
Net unrealized losses
$
(78
)
 
(2,207
)
 
(59
)
 
 
 
 
 
 
Other liabilities
 
 
 
 
 
Unrealized gains
$

 
807

 

Unrealized losses
(15
)
 
(3,791
)
 

Net unrealized losses
$
(15
)
 
(2,984
)
 


Schedule of Net Gains (Losses) on Cash Flow Hedges Activities
Net gains (losses) on cash flow hedging activities have been reclassified from other comprehensive earnings (loss) to net earnings for the quarters and six months ended June 30, 2019 and July 1, 2018 as follows:
 
Quarter Ended
 
Six Months Ended
 
June 30,
2019
 
July 1,
2018
 
June 30,
2019
 
July 1,
2018
Statements of Operations Classification
 
 
 
 
 
 
 
Cost of sales
$
1,986

 
(950
)
 
4,600

 
(4,841
)
Net revenues
599

 
430

 
1,477

 
762

Other
34

 
1,339

 
152

 
(84
)
Net realized gains (losses)
$
2,619

 
819

 
6,229

 
(4,163
)

Fair Values of Undesignated Derivative Financial Instruments
At June 30, 2019, July 1, 2018 and December 30, 2018, the fair values of the Company's undesignated derivative financial instruments were recorded in the consolidated balance sheets as follows:
 
June 30,
2019
 
July 1,
2018
 
December 30,
2018
Prepaid expenses and other current assets
 
 
 
 
 
Unrealized gains
$

 
1,120

 

Unrealized losses

 
(724
)
 

Net unrealized gains
$

 
396

 

 
 
 
 
 
 
Accrued liabilities
 
 
 
 
 
Unrealized gains
$
164

 

 
1,269

Unrealized losses
(1,965
)
 

 
(2,820
)
Net unrealized losses
$
(1,801
)
 

 
(1,551
)
 
 
 
 
 
 
Total unrealized (losses) gains, net
$
(1,801
)
 
396

 
(1,551
)