Financial instruments (Tables)

6 Months Ended

Jun. 27, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Values of Derivative Instruments Designated as Hedging Instruments

The following table presents the locations in the condensed consolidated balance sheet and fair value of derivative financial instruments as of June 27, 2021 and December 31, 2020:

	June 27, 2021		December 31, 2020
Asset derivatives:
Designated foreign currency forward contracts	$	1,199	$	1,691
Non-designated foreign currency forward contracts	73		61
Cross-currency interest rate swaps	20,633		20,106
Prepaid expenses and other current assets	21,905		21,858
Total asset derivatives	$	21,905	$	21,858
Liability derivatives:
Designated foreign currency forward contracts	$	1,372	$	1,504
Non-designated foreign currency forward contracts	430		366
Other current liabilities	1,802		1,870
Cross-currency interest rate swaps	21,183		34,125
Other liabilities	21,183		34,125
Total liability derivatives	$	22,985	$	35,995

Schedule of foreign exchange gains and losses recognized within AOCI and the interest benefit recognized within interest expense

The following table summarizes the foreign exchange gains and losses recognized within AOCI and the interest benefit recognized within interest expense related to cross currency swap for the three and six months ended June 27, 2021 and June 28, 2020:

	Three Months Ended				Six Months Ended
	June 27, 2021		June 28, 2020		June 27, 2021		June 28, 2020
Foreign exchange (losses) gains	$	(7,127)	$	(7,408)	$	10,487	$	17,607
Interest benefit	4,479		4,931		9,126		9,805