Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 27, 2015

Derivative Financial Instruments [Abstract]

Summary of Cash Flow Hedging Instruments

At December 27, 2015 and December 28, 2014, the notional amounts and fair values of assets (liabilities) for the Company's foreign currency forward contracts designated as cash flow hedging instruments were as follows:

	2015			2014
Hedged transaction	Notional Amount		Fair Value	Notional Amount	Fair Value
Inventory purchases	$	1,380,488	108,521	863,232	69,049
Sales		97,350	803	139,946	829
Royalties and Other		54,360	(1,886)	51,213	(1,008)
Total	$	1,532,198	107,438	1,054,391	68,870

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, 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 sheet at December 27, 2015 and December 28, 2014 as follows:

	2015		2014
Prepaid expenses and other current assets
Unrealized gains	$	78,910	46,594
Unrealized losses		(5,932)	(11,508)
Net unrealized gain	$	72,978	35,086
Other assets
Unrealized gains	$	35,366	34,234
Unrealized losses		(710)	(172)
Net unrealized gain	$	34,656	34,062
Accrued liabilities
Unrealized gains	$	-	447
Unrealized losses		-	(725)
Net unrealized loss	$	-	(278)
Other liabilities
Unrealized gains	$	241	-
Unrealized losses		(437)	-
Net unrealized loss	$	(196)	-

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

Net gains (losses) on cash flow hedging activities have been reclassified from other comprehensive earnings to net earnings for the years ended December 27, 2015, December 28, 2014 and December 29, 2013 as follows:

	2015		2014		2013
Consolidated Statements of Operations Classification
Cost of sales	$	66,378		973	1,523
Sales		(9,219)		(3,741)	3,585
Royalties and other		(566)		(2,028)	(1,096)
Net realized (losses) gains	$	56,593		(4,796)	4,012

Fair Values of Undesignated Derivative Financial Instruments

At December 27, 2015 and December 28, 2014, the fair value of the Company's undesignated derivative financial instruments are recorded to accrued liabilities in the consolidated balance sheets as follows:

	2015		2014
Accrued liabilities
Unrealized gains	$	416	1,733
Unrealized losses		(1,460)	(4,046)
Net unrealized loss	$	(1,044)	(2,313)