Financial instruments (Tables)

3 Months Ended

Mar. 31, 2024

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 31, 2024 and April 2, 2023:

	Three Months Ended
	March 31, 2024		April 2, 2023
Foreign exchange gain (loss)	$	8,893	$	(10,031)
Interest benefit	3,720		5,108

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 31, 2024 and December 31, 2023:

	March 31, 2024		December 31, 2023
	Fair Value
Asset derivatives:
Designated foreign currency forward contracts	$	3,512	$	1,629
Non-designated foreign currency forward contracts	475		937
Cross-currency interest rate swaps	18,873		16,883
Prepaid expenses and other current assets	22,860		19,449
Total asset derivatives	$	22,860	$	19,449
Liability derivatives:
Designated foreign currency forward contracts	$	1,334	$	1,866
Non-designated foreign currency forward contracts	546		1,340
Other current liabilities	1,880		3,206
Cross-currency interest rate swaps	32,532		32,097
Other liabilities	32,532		32,097
Total liability derivatives	$	34,412	$	35,303