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DERIVATIVE FINANCIAL INSTRUMENTS (Details) lb in Millions | 3 Months Ended | 12 Months Ended
--- | --- | ---
Apr. 03, 2021 USD ($) lb | Dec. 31, 2020 USD ($) lb
Initial Swaps | Derivative contracts designated as hedging instruments |  |
Derivative Financial Instruments |  |
Fixed rate (percentage) | 2.535% |
Additional Swaps | Derivative contracts designated as hedging instruments |  |
Derivative Financial Instruments |  |
Aggregate notional amount | $ 248,400,000 |
Additional Swaps | Derivative contracts designated as hedging instruments | Term loan |  |
Derivative Financial Instruments |  |
Fixed rate (percentage) | 1.061% |
Swaps | Derivative contracts designated as hedging instruments |  |
Derivative Financial Instruments |  |
Unrealized gain (loss) recorded in AOCI | $ 2,500,000 | $ 5,900,000
Derivative fair value | 3,400,000 | 7,800,000
Derivative Liability | 2,200,000 | 1,400,000
FX Forward Contracts |  |
Derivative Financial Instruments |  |
Aggregate notional amount | 12,400,000 | 6,300,000
Commodity contracts |  |
Derivative Financial Instruments |  |
Unrealized gain (loss) recorded in AOCI | (1,100,000) | (1,500,000)
Fair value of derivative contract - asset | 1,500,000 | $ 2,400,000
Gain (loss) to be reclassified over the next 12 months | $ 1,100,000 |
Commodity contracts | Derivative contracts designated as hedging instruments |  |
Derivative Financial Instruments |  |
Notional amount of commodity contracts (in pounds of copper) | lb | 3.1 | 3.2

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- Definition The estimated net amount of existing gains or losses on cash flow hedges at the reporting date expected to be reclassified to earnings within the next 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121549185&loc=d3e80748-113994 + Details
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