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Financial instruments (Tables) | 6 Months Ended
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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 |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
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