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Derivatives (Tables)
6 Months Ended
Jun. 29, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments (in thousands):

Functional Currency
 
Contract Currency
Type
Amount
 
Type
Amount
Brazilian real
30,685

 
Euro
6,824

Brazilian real
1,116,681

 
U.S. dollar
316,673

Euro
59,848

 
U.S. dollar
68,213

Euro
21,080

 
Polish zloty
90,280

Euro
5,146

 
Japanese yen
640,000

Euro
32,821

 
Chinese renminbi
256,486

Euro
13,542

 
Australian dollar
21,850

Euro
4,280

 
British pound
3,789

Polish zloty
17,722

 
Euro
4,159

British pound
316

 
Euro
353

British pound
60

 
U.S. dollar
76

Japanese yen
217,385

 
U.S. dollar
1,999

U.S. dollar
1,037

 
Japanese yen
111,000

U.S. dollar
1,677

 
Euro
1,500


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 29, 2019 and June 30, 2018 (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 29, 2019
June 30, 2018
June 29, 2019
June 30, 2018
 
 
 
 
 
 
 
 
Foreign exchange
 
Foreign currency loss
 
$
(335
)
$
(3,481
)
$
1,536

$
(1,827
)
Foreign exchange
 
Net sales
 
(234
)

62


Foreign exchange
 
Cost of sales and operating expenses
 
151


(94
)

Foreign exchange
 
Selling, general and administrative expense
 
(351
)
2,506

522

2,995

Corn options and futures
 
Net sales
 
(612
)
763

(262
)
454

Corn options and futures
 
Cost of sales and operating expenses
 
1,516

(818
)
643

(306
)
Heating Oil swaps and options
 
Cost of sales and operating expenses
 


(506
)

Total
 
 
 
$
135

$
(1,030
)
$
1,901

$
1,316