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Financial Instruments and Derivatives (Tables)
 9 Months Ended
Oct. 03, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Carrying amounts and fair values of financial instruments
October 3, 2021December 31, 2020
Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
Long-term debt, net of current portion$1,192,707 $1,428,316 $1,244,440 $1,538,132 
Net positions of foreign contracts The net positions of these contracts at October 3, 2021 were as follows (in thousands):
CurrencyActionQuantity
Colombian pesopurchase5,000,669 
Mexican pesopurchase84,193 
Polish zlotypurchase21,064 
Czech korunapurchase13,119 
Europurchase12,803 
Canadian dollarpurchase3,368 
British poundpurchase1,697 
Turkish lirapurchase633 
Net positions of other derivatives contracts The net currency positions of these contracts at October 3, 2021, were as follows (in thousands):
CurrencyActionQuantity
Indonesian rupiahpurchase30,699,411 
Colombian pesopurchase26,283,009 
Mexican pesopurchase336,655 
Canadian dollarpurchase5,258 
Location and fair values of derivative instruments The following table sets forth the location and fair values of the Company’s derivative instruments at October 3, 2021 and December 31, 2020:
DescriptionBalance Sheet LocationOctober 3, 2021December 31, 2020
Derivatives designated as hedging instruments:
Commodity ContractsPrepaid expenses$4,690 $867 
Commodity ContractsOther assets$2,840 $— 
Commodity ContractsAccrued expenses and other$— $(1,512)
Commodity ContractsOther liabilities$— $(2)
Foreign Exchange ContractsPrepaid expenses$333 $997 
Foreign Exchange ContractsAccrued expenses and other$(725)$(395)
Foreign Exchange ContractsOther liabilities$(2)$— 
Derivatives not designated as hedging instruments:
Commodity ContractsPrepaid expenses$— $484 
Commodity ContractsOther assets$2,861 $— 
Foreign Exchange ContractsPrepaid expenses$256 $140 
Foreign Exchange ContractsAccrued expenses and other$— $(25)
Effect of derivative instruments on financial performance
The following tables set forth the effect of the Company’s derivative instruments on financial performance for the three months ended October 3, 2021 and September 27, 2020, excluding the gains on foreign currency cash flow hedges that were reclassified from accumulated other comprehensive loss to the carrying value of the capitalized expenditures:
DescriptionAmount of Gain or
(Loss) Recognized
in OCI on
Derivatives		Location of Gain
or (Loss)
Reclassified from
Accumulated OCI
Into Income		Amount of Gain or
(Loss) Reclassified
from Accumulated
OCI Into Income
Derivatives in Cash Flow Hedging Relationships:
Three months ended October 3, 2021
Foreign Exchange Contracts$(407)Net sales$937 
Cost of sales$(711)
Commodity Contracts$4,200 Cost of sales$2,051 
Three months ended September 27, 2020
Foreign Exchange Contracts$90 Net sales$(1,723)
Cost of sales$867 
Commodity Contracts$1,286 Cost of sales$(792)
 
DescriptionGain or (Loss)
Recognized		Location of Gain or (Loss) Recognized in
Income Statement
Derivatives not Designated as Hedging Instruments:
Three months ended October 3, 2021
Commodity Contracts$2,861 Cost of sales
Foreign Exchange Contracts$(675)Selling, general and administrative
Three months ended September 27, 2020
Commodity Contracts$(436)Cost of sales
Foreign Exchange Contracts$486 Selling, general and administrative

Three months ended October 3, 2021Three months ended September 27, 2020
DescriptionRevenueCost of
sales		RevenueCost of
sales
Total amount of income and expense line items presented in the Condensed Consolidated Statements of Income$937 $1,340 $(1,723)$75 
The effects of cash flow hedging:
Gain or (loss) on cash flow hedging relationships:
Foreign exchange contracts:
Amount of gain or (loss) reclassified from accumulated other comprehensive loss into net income$937 $(711)$(1,723)$867 
Commodity contracts:
Amount of gain reclassified from accumulated other comprehensive loss into net income$— $2,051 $— $(792)
The following tables set forth the effect of the Company’s derivative instruments on financial performance for the nine months ended October 3, 2021 and September 27, 2020, excluding the gains on foreign currency cash flow hedges that were reclassified from accumulated other comprehensive loss to the carrying value of the capitalized expenditures:
DescriptionAmount of Gain or
(Loss) Recognized
in OCI on
Derivatives		Location of Gain
or (Loss)
Reclassified from
Accumulated OCI
Into Income		Amount of Gain or
(Loss) Reclassified
from Accumulated
OCI Into Income
Derivatives in Cash Flow Hedging Relationships:
Nine months ended October 3, 2021
Foreign Exchange Contracts$156 Net sales$2,766 
Cost of sales$(2,129)
Commodity Contracts$10,801 Cost of sales$2,626 
Nine months ended September 27, 2020
Foreign Exchange Contracts$(4,985)Net sales$(6,245)
Cost of sales$3,744 
Commodity Contracts$640 Cost of sales$(1,346)
 
DescriptionGain or (Loss)
Recognized		Location of Gain or (Loss) Recognized in
Income Statement
Derivatives not Designated as Hedging Instruments:
Nine months ended October 3, 2021
Commodity Contracts$3,295 Cost of sales
Foreign Exchange Contracts$(906)Selling, general and administrative
Nine months ended September 27, 2020
Commodity Contracts$(252)Cost of sales
Foreign Exchange Contracts$(3,565)Selling, general and administrative
Nine months ended October 3, 2021Nine months ended September 27, 2020
DescriptionRevenueCost of
sales		RevenueCost of
sales
Total amount of income and expense line items presented in the Condensed Consolidated Statements of Income$2,766 $497 $— $2,398 
The effects of cash flow hedging:
Gain or (loss) on cash flow hedging relationships:
Foreign exchange contracts:
Amount of gain or (loss) reclassified from accumulated other comprehensive loss into net (loss)/income$2,766 $(2,129)$(6,245)$3,744 
Commodity contracts:
Amount of gain or (loss) reclassified from accumulated other comprehensive loss into net (loss)/income$— $2,626 $— $(1,346)