Financial instruments (Tables)

3 Months Ended

Mar. 27, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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 months ended March 27, 2022 and March 28, 2021:

	Three Months Ended
	March 27, 2022		March 28, 2021
Foreign exchange gains	$	3,840	$	17,614
Interest benefit	4,848		4,647

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 March 27, 2022 and December 31, 2021:

	March 27, 2022		December 31, 2021
	Fair Value
Asset derivatives:
Designated foreign currency forward contracts	$	3,500	$	1,957
Non-designated foreign currency forward contracts	86		56
Cross-currency interest rate swaps	26,653		21,718
Prepaid expenses and other current assets	30,239		23,731
Cross-currency interest rate swaps	14,448		9,560
Other assets	14,448		9,560
Total asset derivatives	$	44,687	$	33,291
Liability derivatives:
Designated foreign currency forward contracts	$	2,708	$	993
Non-designated foreign currency forward contracts	110		147
Other current liabilities	2,818		1,140
Total liability derivatives	$	2,818	$	1,140