Derivative Instruments (Tables)

12 Months Ended

Dec. 29, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Instruments

The table below sets forth the fair value of derivative instruments as of December 29, 2019 (in thousands):

	Asset Derivatives as of December 29, 2019			Liability Derivatives as of December 29, 2019
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivative instruments designated as hedging instruments:
Foreign currency contracts	Other current assets	$	—	Accrued expenses	$	—
Interest rate swap contract	Other current assets	—		Accrued expenses	5,801
		$	—		$	5,801

The table below sets forth the fair value of derivative instruments as of December 30, 2018 (in thousands):

	Asset Derivatives as of December 30, 2018			Liability Derivatives as of December 30, 2018
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivative instruments designated as hedging instruments:
Foreign currency contracts	Other current assets	$	651	Other current liabilities	$	—
Interest rate swap contract	Other current assets	1,794		Other current liabilities	—
		$	2,445		$	—

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table summarizes the impact that changes in the fair value of derivatives designated as cash flow hedges and included in the assessment of hedge effectiveness had on accumulated other comprehensive income, net of tax (in thousands):

	Fiscal Year			Fiscal Year			Fiscal Year
	2019			2018			2017
	(in thousands)
Foreign currency contracts gain (loss)	$	468		$	(468	)	$	—
Interest rate swap contracts (loss) gain	(5,957		)	890			904
(Loss) gain recognized in accumulated other comprehensive income	$	(5,489	)	$	422		$	904

The following table summarizes the gains and losses reclassified from accumulated other comprehensive income into earnings during 2019 (in thousands):

		Fiscal Year
	Statement of Operations Location	2019
		(in thousands)
Foreign currency contracts (loss)	Cost of sales	$	(450	)
Interest rate swap contracts gain	Interest expense	151
Total		$	(299	)