Financial Instruments (Tables)

6 Months Ended

Jun. 27, 2020

Notes To Financial Statements [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table summarizes the company’s fair value of interest rate swaps (in thousands):

	Condensed Consolidated Balance Sheet Presentation	Jun 27, 2020		Dec 28, 2019
Fair value	Other assets	$	—	$	1,830
Fair value	Accrued expenses	$	1,067	$	—
Fair value	Other non-current liabilities	$	60,366	$	25,120

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The impact on earnings from interest rate swaps was as follows (in thousands):

		Three Months Ended				Six Months Ended
	Presentation of Gain/(loss)	Jun 27, 2020		Jun 29, 2019		Jun 27, 2020		Jun 29, 2019
Gain/(loss) recognized in accumulated other comprehensive income	Other comprehensive income	$	(7,619)	$	(18,187)	$	(43,404)	$	(29,976)
Gain/(loss) reclassified from accumulated other comprehensive income (effective portion)	Interest expense	$	(3,994)	$	784	$	(5,261)	$	1,550