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Derivatives (Tables) | 9 Months Ended
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Oct. 02, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments | (in thousands):
Functional Currency |  | Contract Currency
Type | Amount |  | Type | Amount
Brazilian real | 22,978 |  |  | Euro | 3,536 |
Brazilian real | 1,116,635 |  |  | U.S. dollar | 237,950 |
Euro | 33,298 |  |  | U.S. dollar | 39,070 |
Euro | 24,960 |  |  | Polish zloty | 114,000 |
Euro | 7,160 |  |  | Japanese yen | 929,960 |
Euro | 20,692 |  |  | Chinese renminbi | 157,474 |
Euro | 13,670 |  |  | Australian dollar | 21,850 |
Euro | 2,810 |  |  | British pound | 2,400 |
Euro | 34 |  |  | Canadian dollar | 50 |
Polish zloty | 2,057 |  |  | U.S. dollar | 524 |
Polish zloty | 20,589 |  |  | Euro | 4,483 |
British pound | 179 |  |  | Euro | 210 |
Japanese yen | 228,482 |  |  | U.S. dollar | 2,070 |
U.S. dollar | 514 |  |  | Japanese yen | 57,000 |
U.S. dollar | 293,089 |  |  | Euro | 250,000 |
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 October 2, 2021 and September 26, 2020 (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 |  | October 2, 2021 | September 26, 2020 | October 2, 2021 | September 26, 2020
Foreign exchange |  | Foreign currency loss |  | $ | 5,656 |  | $ | (1,957) |  | $ | 13,626 |  | $ | (1,995) |
Foreign exchange |  | Net sales |  | 323 |  | (566) |  | 895 |  | 57 |
Foreign exchange |  | Cost of sales and operating expenses |  | (98) |  | 111 |  | (524) |  | (946) |
Foreign exchange |  | Selling, general and administrative expenses |  | 2,732 |  | 1,187 |  | 2,001 |  | 8,091 |
Corn options and futures |  | Net sales |  | 753 |  | (914) |  | (2,724) |  | 876 |
Corn options and futures |  | Cost of sales and operating expenses |  | (1,871) |  | 754 |  | 3,683 |  | (2,332) |
Heating oil swaps and options |  | Net sales |  | — |  | — |  | — |  | (38) |
Total |  |  |  | $ | 7,495 |  | $ | (1,385) |  | $ | 16,957 |  | $ | 3,713 |

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- Definition 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. + 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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959 Reference 8: 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 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959 + Details
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