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Derivatives (Tables)

3 Months Ended

Mar. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

(in thousands):

Functional Currency				Contract Currency
Type	Amount			Type	Amount
Brazilian real	49,321			Euro	10,988
Brazilian real	1,171,313			U.S. dollar	330,455
Euro	44,675			U.S. dollar	51,207
Euro	22,121			Polish zloty	95,280
Euro	6,098			Japanese yen	768,000
Euro	38,245			Chinese renminbi	294,273
Euro	13,632			Australian dollar	21,850
Euro	4,573			British pound	3,961
Polish zloty	22,168			Euro	5,156
British pound	276			Euro	322
Japanese yen	296,912			U.S. dollar	2,710
U.S. dollar	821			Japanese yen	90,000

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 ended March 30, 2019 and March 31, 2018 (in thousands):

				Loss or (Gain) Recognized in Income on Derivatives Not Designated as Hedges
				Three Months Ended
Derivatives not designated as hedging instruments		Location		March 30, 2019			March 31, 2018
Foreign exchange		Foreign currency loss		$	1,871		$	1,654
Foreign exchange		Net sales		296			—
Foreign exchange		Cost of sales and operating expenses		(245		)	—
Foreign exchange		Selling, general and administrative expense		873			489
Corn options and futures		Net sales		350			(309		)
Corn options and futures		Cost of sales and operating expenses		(873		)	512
Heating Oil swaps and options		Cost of sales and operating expenses		(506		)	—
Total				$	1,766		$	2,346

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Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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