XML 63 R48.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Derivatives (Tables) | 12 Months Ended
--- | ---
Jan. 01, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments | (in thousands):
Functional Currency |  | Contract Currency
Type | Amount |  | Type | Amount
Brazilian real | 66,425 |  |  | Euro | 11,548 |
Brazilian real | 3,057,673 |  |  | U.S. Dollar | 730,000 |
Euro | 38,814 |  |  | U.S. Dollar | 44,343 |
Euro | 24,442 |  |  | Polish zloty | 113,000 |
Euro | 5,231 |  |  | Japanese yen | 675,210 |
Euro | 15,724 |  |  | Chinese renminbi | 114,134 |
Euro | 15,269 |  |  | Australian dollar | 24,436 |
Euro | 3,045 |  |  | British pound | 2,600 |
Euro | 34 |  |  | Canadian dollar | 50 |
Polish zloty | 27,898 |  |  | Euro | 6,000 |
Polish zloty | 1,216 |  |  | U.S. dollar | 295 |
British pound | 233 |  |  | Euro | 273 |
British pound | 200 |  |  | U.S. dollar | 264 |
Japanese yen | 354,206 |  |  | U.S. dollar | 3,127 |
U.S. dollar | 476 |  |  | Japanese yen | 54,000 |
U.S. dollar | 282,173 |  |  | Euro | 250,000 |
Australian dollar | 1,508 |  |  | Euro | 953 |
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 year ended January 1, 2022, January 2, 2021 and December 28, 2019 (in thousands):
|  |  |  | Loss or (Gain) Recognized in Income on Derivatives Not Designated as Hedges
|  |  |  | For The Year Ended
Derivatives not designated as hedging instruments |  | Location |  | January 1, 2022 | January 2, 2021 | December 28, 2019
Foreign exchange |  | Foreign currency loss/(gain) |  | $ | 21,698 |  | $ | (3,840) |  | $ | 1,565 |
Foreign exchange |  | Net sales |  | 1,178 |  | (778) |  | 903 |
Foreign exchange |  | Cost of sales and operating expenses |  | (844) |  | (664) |  | (452) |
Foreign exchange |  | Selling, general and administrative expense |  | 3,405 |  | 4,976 |  | 1,649 |
Corn options and futures |  | Net sales |  | (3,564) |  | (1,091) |  | 670 |
Corn options and futures |  | Cost of sales and operating expenses |  | 5,669 |  | (50) |  | (1,636) |
Natural gas and heating oil swaps and options |  | Cost of sales and operating expenses |  | — |  | — |  | (506) |
Heating oil swaps and options |  | Net sales |  | — |  | (38) |  | — |
Total |  |  |  | $ | 27,542 |  | $ | (1,485) |  | $ | 2,193 |

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4CC -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL109998890-113959 + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration