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Derivatives (Tables)

9 Months Ended

Sep. 28, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

(in thousands):

Functional Currency				Contract Currency
Type	Amount			Type	Amount
Brazilian real	29,897			Euro	6,609
Brazilian real	1,105,749			U.S. dollar	309,020
Euro	65,145			U.S. dollar	72,542
Euro	24,654			Polish zloty	108,000
Euro	5,019			Japanese yen	601,153
Euro	15,147			Chinese renminbi	119,722
Euro	13,471			Australian dollar	21,850
Euro	5,677			British pound	5,138
Polish zloty	21,214			Euro	4,829
British pound	288			Euro	326
British pound	43			U.S. dollar	54
Japanese yen	229,604			U.S. dollar	2,130
U.S. dollar	634			Japanese yen	68,000
U.S. dollar	38,598			Euro	35,000

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 and nine months ended September 28, 2019 and September 29, 2018 (in thousands):

				Loss or (Gain) Recognized in Income on Derivatives Not Designated as Hedges
				Three Months Ended						Nine Months Ended
Derivatives not designated as hedging instruments		Location		September 28, 2019			September 29, 2018			September 28, 2019			September 29, 2018
Foreign exchange		Foreign currency loss		$	95		$	(1,389	)	$	1,632		$	(3,216	)
Foreign exchange		Net sales		1,244			3,652			1,306			3,652
Foreign exchange		Cost of sales and operating expenses		(567		)	(880		)	(661		)	(880		)
Foreign exchange		Selling, general and administrative expense		1,915			359			2,437			3,354
Corn options and futures		Net sales		881			294			619			748
Corn options and futures		Cost of sales and operating expenses		(2,509		)	(403		)	(1,866		)	(709		)
Heating Oil swaps and options		Cost of sales and operating expenses		—			—			(506		)	—
Total				$	1,059		$	1,633		$	2,961		$	2,949

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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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