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Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 30, 2023

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 30, 2023 (in thousands):

Currency						Contract Position						Contract Amount (Local Currency)						Contract Amount (U.S. Dollars)
Euro						Buy						26,597						$	29,224
Japanese Yen						Sell						2,961,827						21,073
Korean Won						Buy						2,334,329						1,815
Taiwan Dollar						Sell						79,324						2,611

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 AOCL on Derivative						Location of Gain or (Loss) Reclassified from AOCL into Income						Amount of Gain or (Loss) Reclassified from AOCL into Income
Fiscal 2023						$	160					Cost of revenues						$	222
												Research and development						75
												Selling, general and administrative						80
																		$	377
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

Schedule of Non-designated Derivative Gains (Losses)

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

Derivatives Not Designated as Hedging Instruments						Location of Gain Recognized						Fiscal Year Ended
												December 30, 2023						December 31, 2022						December 25, 2021
Foreign exchange forward contracts						Other income (expense), net						$	2,504					$	2,439					$	1,585

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 Recognized in AOCL on Derivative (Effective Portion)						Location of Gain Reclassified from AOCL into Income (Effective Portion)						Amount of Gain or (Loss) Reclassified from AOCL into Income (Effective Portion)
Fiscal 2023						$	230					Other income (expense), net						$	615
Fiscal 2022						1,906						Other income (expense), net						106
Fiscal 2021						451						Other income (expense), net						(154)

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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
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C

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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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-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-Subparagraph (c)(1)
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Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument.

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-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4CC

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