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Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Foreign Currency Forward Contracts Outstanding

The following table provides information about our foreign currency forward contracts outstanding as of December 31, 2022 (in thousands):

Currency						Contract Position						Contract Amount (Local Currency)						Contract Amount (U.S. Dollars)
Euro						Buy						21,576						$	22,615
Euro						Sell						4,927						5,107
Japanese Yen						Sell						2,989,654						22,906
Korean Won						Buy						2,067,724						1,639
Taiwan Dollar						Sell						42,826						1,397

The location and amount of gains (losses) related to foreign currency derivative instruments designated as cash flow hedges on our Consolidated Statements of Income was as follows (in thousands):

						Amount of Gain or (Loss) Recognized in Accumulated OCI/L on Derivative						Location of Gain or (Loss) Reclassified from Accumulated OCI/L into Income						Amount of Gain or (Loss) Reclassified from Accumulated OCI/L into Income
Fiscal 2022						$	(1,688)					Cost of revenues						$	(1,816)
												Research and development						(376)
												Selling, general and administrative						(456)
																		$	(2,648)
Fiscal 2021						$	(1,096)					Cost of revenues						$	184
												Research and development						3
												Selling, general and administrative						64
																		$	251
Fiscal 2020						$	1,142					Cost of revenues						$	89
												Research and development						77
												Selling, general and administrative						25
																		$	191

Schedule of Non-designated Derivative Gains (Losses)

The location and amount of gains (losses) related to non-designated derivative instruments in the Consolidated Statements of Income were as follows (in thousands):

						Location of Gain (Loss) Recognized on Derivatives						Fiscal Year Ended
Derivatives Not Designated as Hedging Instruments												December 31, 2022						December 25, 2021						December 26, 2020
Foreign exchange forward contracts						Other income, net						$	2,439					$	1,585					$	(1,437)

Schedule of the Impact of Cash Flow Hedges on Consolidated Financial Statements

The impact of the interest rate swaps on the Consolidated Statements of Income was as follows (in thousands):

						Amount of Gain or (Loss) Recognized in OCI/L on Derivative (Effective Portion)						Location of Gain or (Loss) Reclassified from Accumulated OCI/L into Income (Effective Portion)						Amount of Gain or (Loss) Reclassified from Accumulated OCI/L into Income (Effective Portion)
Fiscal 2022						$	1,906					Other income, net						$	106
Fiscal 2021						451						Other income, net						(154)
Fiscal 2020						(119)						Other income, net						(64)

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Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

+ 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 (c)
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

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Tabular disclosure of the presentation of foreign exchange contracts on the statement of financial position, including the fair value amounts and location of such amounts.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
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Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
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-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

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-Publisher FASB
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-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4CC
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL109998890-113959

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