Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 28, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Cash Flow Hedging Instruments

At June 28, 2020, June 30, 2019 and December 29, 2019, the notional amounts and fair values of the Company's foreign currency forward contracts designated as cash flow hedging instruments were as follows:

	June 28, 2020			June 30, 2019			December 29, 2019
Hedged transaction	Notional Amount		Fair Value	Notional Amount		Fair Value	Notional Amount		Fair Value
Inventory purchases	$	255,549	20,093	$	480,244	16,062	$	398,800	8,727
Sales	77,267		4,859	235,874		8,452	124,920		4,037
Production financing and other	110,648		3,989	12,228		15	19,499		140
Total	$	443,464	28,941	$	728,346	24,529	$	543,219	12,904

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 28, 2020, June 30, 2019 and December 29, 2019 as follows:

	June 28, 2020		June 30, 2019	December 29, 2019
Prepaid expenses and other current assets
Unrealized gains	$	23,684	18,554	12,133
Unrealized losses	(1,033)		(1,911)	(3,955)
Net unrealized gains	$	22,651	16,643	8,178
Other assets
Unrealized gains	$	6,310	8,250	6,652
Unrealized losses	(20)		(271)	—
Net unrealized gains	$	6,290	7,979	6,652
Accrued liabilities
Unrealized gains	$	—	—	293
Unrealized losses	—		(78)	(2,219)
Net unrealized losses	$	—	(78)	(1,926)
Other liabilities
Unrealized gains	$	—	—	—
Unrealized losses	—		(15)	—
Net unrealized losses	$	—	(15)	—

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 28, 2020 and June 30, 2019 as follows:

	Quarter Ended			Six Months Ended
	June 28, 2020		June 30, 2019	June 28, 2020		June 30, 2019
Statements of Operations Classification
Cost of sales	$	5,607	1,986	$	9,564	4,600
Net revenues	833		599	1,176		1,477
Other	471		34	552		152
Net realized gains	$	6,911	2,619	$	11,292	6,229

Fair Values of Undesignated Derivative Financial Instruments

At June 28, 2020, June 30, 2019 and December 29, 2019, the fair values of the Company's undesignated derivative financial instruments were recorded in the consolidated balance sheets as follows:

	June 28, 2020		June 30, 2019	December 29, 2019
Prepaid expenses and other current assets
Unrealized gains	$	—	2,391	—
Unrealized losses	—		(337)	—
Net unrealized gains	$	—	2,054	—
Accrued liabilities
Unrealized gains	$	4,496	164	13
Unrealized losses	(7,389)		(1,965)	(3,820)
Net unrealized losses	$	(2,893)	(1,801)	(3,807)
Total unrealized (losses) gains, net	$	(2,893)	253	(3,807)