Financial instruments (Tables)

6 Months Ended

Jun. 26, 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 and six months ended June 26, 2022 and June 27, 2021:

	Three Months Ended				Six Months Ended
	June 26, 2022		June 27, 2021		June 26, 2022		June 27, 2021
Foreign exchange gains (losses)	$	22,614	$	(7,127)	$	26,454	$	10,487
Interest benefit	5,297		4,479		10,145		9,126

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 26, 2022 and December 31, 2021:

	June 26, 2022		December 31, 2021
	Fair Value
Asset derivatives:
Designated foreign currency forward contracts	$	3,189	$	1,957
Non-designated foreign currency forward contracts	32		56
Cross-currency interest rate swaps	22,034		21,718
Prepaid expenses and other current assets	25,255		23,731
Cross-currency interest rate swaps	43,352		9,560
Other assets	43,352		9,560
Total asset derivatives	$	68,607	$	33,291
Liability derivatives:
Designated foreign currency forward contracts	$	988	$	993
Non-designated foreign currency forward contracts	300		147
Other current liabilities	1,288		1,140
Total liability derivatives	$	1,288	$	1,140