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Derivatives (Tables) | 6 Months Ended
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Jun. 28, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments | As of June 28, 2025, the Company had the following designated and non-designated outstanding forward and option contract amounts that were entered into to hedge foreign currency transactions in currencies other than the functional currency and forecasted transactions in currencies other than the functional currency (in thousands):
Functional Currency |  | Contract Currency
Type | Amount |  | Type | Amount
Brazilian real | 236,144 |  |  | Euro | 35,538 |
Brazilian real | 2,654,714 |  |  | U.S. dollar | 460,975 |
Euro | 24,864 |  |  | U.S. dollar | 28,793 |
Euro | 79,784 |  |  | Polish zloty | 341,545 |
Euro | 10,898 |  |  | Japanese yen | 1,833,785 |
Euro | 32,964 |  |  | Chinese renminbi | 269,710 |
Euro | 16,041 |  |  | Australian dollar | 28,330 |
Euro | 4,247 |  |  | British pound | 3,638 |
Polish zloty | 49,199 |  |  | Euro | 11,477 |
British pound | 156 |  |  | Euro | 182 |
British pound | 206 |  |  | U.S. dollar | 276 |
Japanese yen | 129,480 |  |  | U.S. dollar | 898 |
U.S. dollar | 232 |  |  | Japanese yen | 34,181 |
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 28, 2025 and June 29, 2024 (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 28, 2025 | June 29, 2024 | June 28, 2025 | June 29, 2024
Foreign exchange |  | Foreign currency loss/(gain) |  | $ | (549) |  | $ | (194) |  | $ | (836) |  | $ | (850) |
Foreign exchange |  | Net sales |  | (517) |  | 158 |  | (584) |  | 642 |
Foreign exchange |  | Cost of sales and operating expenses |  | 132 |  | (107) |  | 192 |  | (299) |
Foreign exchange |  | Selling, general and administrative expenses |  | (6,978) |  | 8,091 |  | (14,167) |  | 9,572 |
Interest rate swap |  | Interest expense |  | (961) |  | — |  | (961) |  | — |
Corn options and futures |  | Net sales |  | — |  | 238 |  | — |  | 546 |
Corn options and futures |  | Cost of sales and operating expenses |  | (380) |  | (1,868) |  | (1,981) |  | (2,236) |
Soybean meal |  | Net sales |  | 221 |  | — |  | 221 |  | — |
Soybean oil |  | Net sales |  | (158) |  | — |  | (158) |  | — |
Other commodities |  | Selling, general and administrative expenses |  | (424) |  | — |  | (701) |  | — |
Total |  |  |  | $ | (9,614) |  | $ | 6,318 |  | $ | (18,975) |  | $ | 7,375 |

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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 No definition available. + Details
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- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
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