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Derivatives (Tables)
 6 Months Ended
Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
All of these transactions are currently not designated for hedge accounting (in thousands):

Functional Currency
 
Contract Currency
Type
Amount
 
Type
Amount
Brazilian real
32,387

 
Euro
7,490

Brazilian real
80,599

 
U.S. dollar
22,460

Euro
90,399

 
U.S. dollar
107,009

Euro
14,184

 
Polish zloty
61,280

Euro
7,153

 
Japanese yen
926,570

Euro
85,702

 
Chinese renminbi
650,727

Euro
12,592

 
Australian dollar
19,350

Euro
4,827

 
British pound
4,262

Polish zloty
24,712

 
Euro
5,685

British pound
88

 
Euro
100

British pound
139

 
U.S. dollar
105

Japanese yen
254,613

 
U.S. dollar
2,322
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The table below summarizes the effect of derivatives not designated as hedges on the Company's consolidated statements of operations for the three and six months ended June 30, 2018 and July 1, 2017 (in thousands):

 
 
 
 
Loss or (Gain) Recognized in Income on Derivatives Not Designated as Hedges
 
 
 
 
 
 
Three Months Ended
Six Months Ended
Derivatives not designated as hedging instruments
 
Location
 
June 30, 2018
July 1, 2017
June 30, 2018
July 1, 2017
 
 
 
 
 
 
 
 
Foreign Exchange
 
Foreign currency loss/(gain)
 
$
(3,481
)
$
6,130

$
(1,827
)
$
9,276

Foreign Exchange
 
Selling, general and administrative expense
 
2,506

492

2,995

(989
)
Corn options and futures
 
Net sales
 
763

(18
)
454

(40
)
Corn options and futures
 
Cost of sales and operating expenses
 
(818
)
46

(306
)
316

Soybean Meal
 
Net sales
 
—

(9
)
—

(281
)
Soybean Oil
 
Net sales
 
—

—

—

45

Total
 
 
 
$
(1,030
)
$
6,641

$
1,316

$
8,327