Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 27, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Cash Flow Hedging Instruments

At September 27, 2020, September 29, 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:

	September 27, 2020			September 29, 2019			December 29, 2019
Hedged transaction	Notional Amount		Fair Value	Notional Amount		Fair Value	Notional Amount		Fair Value
Inventory purchases	$	315,924	9,148	$	420,839	24,462	$	398,800	8,727
Sales	111,760		3,940	212,062		7,231	124,920		4,037
Production financing and other	115,228		2,199	16,935		(137)	19,499		140
Total	$	542,912	15,287	$	649,836	31,556	$	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 September 27, 2020, September 29, 2019 and December 29, 2019 as follows:

	September 27, 2020		September 29, 2019	December 29, 2019
Prepaid expenses and other current assets
Unrealized gains	$	13,357	22,529	12,133
Unrealized losses	(1,737)		(1,333)	(3,955)
Net unrealized gains	$	11,620	21,196	8,178
Other assets
Unrealized gains	$	4,218	10,609	6,652
Unrealized losses	(179)		(249)	—
Net unrealized gains	$	4,039	10,360	6,652
Accrued liabilities
Unrealized gains	$	680	—	293
Unrealized losses	(992)		—	(2,219)
Net unrealized losses	$	(312)	—	(1,926)
Other liabilities
Unrealized gains	$	13	—	—
Unrealized losses	(73)		—	—
Net unrealized losses	$	(60)	—	—

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 nine months ended September 27, 2020 and September 29, 2019 as follows:

	Quarter Ended			Nine Months Ended
	September 27, 2020		September 29, 2019	September 27, 2020		September 29, 2019
Statements of Operations Classification
Cost of sales	$	7,116	4,678	$	16,680	9,278
Net revenues	1,237		1,889	2,413		3,366
Other	859		(23)	1,410		129
Net realized gains	$	9,212	6,544	$	20,503	12,773

Fair Values of Undesignated Derivative Financial Instruments

At September 27, 2020, September 29, 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:

	September 27, 2020		September 29, 2019	December 29, 2019
Prepaid expenses and other current assets
Unrealized gains	$	3,294	2,630	—
Unrealized losses	(3,217)		(301)	—
Net unrealized gains	$	77	2,329	—
Accrued liabilities
Unrealized gains	$	—	164	13
Unrealized losses	—		(203)	(3,820)
Net unrealized losses	$	—	(39)	(3,807)
Total unrealized gains (losses), net	$	77	2,290	(3,807)