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Financial Instruments and Derivatives (Tables)
 6 Months Ended
Jul. 02, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Carrying Amounts and Fair Values of Financial Instruments
The following table sets forth the carrying amounts and fair values of the Company’s significant financial instruments for which the carrying amount differs from the fair value. 
 
 
July 2, 2017
 
December 31, 2016
 
 
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
 
Fair
Value
Long-term debt, net of current portion
 
$
1,190,646

 
$
1,317,654

 
$
1,020,698

 
$
1,116,336
Net Positions of Foreign Contracts
The Company has entered into forward contracts to hedge certain anticipated foreign currency denominated sales and purchases forecast to occur in 2017. The net positions of these contracts at July 2, 2017 were as follows (in thousands): 
Currency
Action
Quantity
Colombian peso
purchase
1,073,625

Mexican peso
purchase
300,067

Canadian dollar
purchase
28,244

Turkish lira
purchase
6,327

Russian ruble
purchase
3,733

British pound
purchase
2,489

New Zealand dollar
sell
(340
)
Australian dollar
sell
(417
)
Euro
sell
(1,350
)
Polish zloty
sell
(1,513
)
Net Positions of Other Derivatives Contracts
The net positions of these contracts at July 2, 2017, were as follows (in thousands): 
Currency
Action
Quantity
Colombian peso
purchase
3,049,889

Mexican peso
purchase
233,791

Canadian dollar
purchase
18,625
Location and Fair Values of Derivative Instruments
The following table sets forth the location and fair values of the Company’s derivative instruments at July 2, 2017 and December 31, 2016: 
Description
 
Balance Sheet Location
 
July 2,
2017
 
December 31,
2016
Derivatives designated as hedging instruments:
 
 
 
 
 
 
Commodity Contracts
 
Prepaid expenses
 
$
1,795

 
$
3,240

Commodity Contracts
 
Other assets
 
$
58

 
$
527

Commodity Contracts
 
Accrued expenses and other
 
$
(235
)
 
$
(89
)
Commodity Contracts
 
Other liabilities
 
$
(199
)
 
$
(42
)
Foreign Exchange Contracts
 
Prepaid expenses
 
$
113

 
$
761

       Foreign Exchange Contracts
 
Accrued expenses and other
 
$
(3,594
)
 
$
(946
)
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
Foreign Exchange Contracts
 
Prepaid expenses
 
$
12

 
$
194

Foreign Exchange Contracts
 
Accrued expenses and other
 
$
(828
)
 
$
(890
)
Effect of Derivative Instruments on Financial Performance
Description
 
Amount of Gain or
(Loss) Recognized
in OCI on
Derivatives
(Effective Portion)
 
Location of Gain
or (Loss)
Reclassified from
Accumulated OCI
Into Income
(Effective Portion)
 
Amount of Gain or
(Loss) Reclassified
from Accumulated
OCI Into Income
(Effective Portion)
 
Location of Gain 
or (Loss)  Recognized in
Income on
Derivatives
(Ineffective Portion)
 
Amount of Gain 
or (Loss)
Recognized
in Income on
Derivatives (Ineffective 
Portion)
Derivatives in Cash Flow Hedging Relationships:
 
 
 
 
 
 
Three months ended July 2, 2017
 
 
 
 
 
 
 
 
Foreign Exchange Contracts
$
509

 
Net sales
 
$
2,243

 
Net sales
 
$
—

 
 
 
 
Cost of sales
 
$
(1,317
)
 
 
 
 
Commodity Contracts
$
93

 
Cost of sales
 
$
463

 
Cost of sales
 
$
135

Three months ended July 3, 2016
 
 
 
 
 
 
 
 
Foreign Exchange Contracts
$
(797
)
 
Net sales
 
$
(607
)
 
Net sales
 
$
—

 
 
 
 
Cost of sales
 
$
387

 
 
 
 
Commodity Contracts
$
3,249

 
Cost of sales
 
$
(1,294
)
 
Cost of sales
 
$
(108
)
 
Description
Location of Gain or (Loss) Recognized in
Income Statement
Gain or (Loss)
Recognized
Derivatives not Designated as Hedging Instruments:
 
Three months ended July 2, 2017
 
 
Foreign Exchange Contracts
Cost of sales
$
—

 
Selling, general and administrative
$
1,665

Three months ended July 3, 2016
 
 
Foreign Exchange Contracts
Cost of sales
$
—

 
Selling, general and administrative
$
1,352

The following tables set forth the effect of the Company’s derivative instruments on financial performance for the six months ended July 2, 2017 and July 3, 2016: 
Description
 
Amount of Gain or
(Loss) Recognized
in OCI on
Derivatives
(Effective Portion)
 
Location of Gain
or (Loss)
Reclassified from
Accumulated OCI
Into Income
(Effective Portion)
 
Amount of Gain or
(Loss) Reclassified
from Accumulated
OCI Into Income
(Effective Portion)
 
Location of Gain 
or (Loss) 
Recognized in
Income on
Derivatives
(Ineffective Portion)
 
Amount of Gain
or (Loss) Recognized
in Income on
Derivatives
(Ineffective 
Portion)
Derivatives in Cash Flow Hedging Relationships:
 
 
 
 
 
 
Six months ended July 2, 2017
 
 
 
 
 
 
 
 
Foreign Exchange Contracts
 
$
(2,183
)
 
Net sales
 
$
3,283

 
Net sales
 
$
—

 
 
 
 
Cost of sales
 
$
(2,042
)
 
 
 
 
Commodity Contracts
 
$
(1,263
)
 
Cost of sales
 
$
711

 
Cost of sales
 
$
(200
)
Six months ended July 3, 2016
 
 
 
 
 
 
 
 
Foreign Exchange Contracts
 
$
1,570

 
Net sales
 
$
(2,847
)
 
Net sales
 
$
—

 
 
 
 
Cost of sales
 
$
1,432

 
 
 
 
Commodity Contracts
 
$
1,516

 
Cost of sales
 
$
(2,805
)
 
Cost of sales
 
$
2

 
Description
Location of Gain or (Loss) Recognized in
Income Statement
Gain or (Loss)
Recognized
Derivatives not Designated as Hedging Instruments:
 
Six months ended July 2, 2017
 
 
Foreign Exchange Contracts
Cost of sales
$
—

 
Selling, general and administrative
$
1,098

Six months ended July 3, 2016
 
 
Foreign Exchange Contracts
Cost of sales
$
—

 
Selling, general and administrative
$
1,116