XML 39 R27.htm IDEA: XBRL DOCUMENT
v3.20.2

Derivative Instruments (Tables) | 6 Months Ended
--- | ---
Jul. 05, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The table below sets forth the fair value of derivative instruments as of July 5, 2020:
| Asset Derivatives as of July 5, 2020 |  | Liability Derivatives as of July 5, 2020
| Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value
| (In thousands)
Derivative instruments designated as hedging instruments: |  |  |  |  |  |  |
Interest rate swap contracts | Other current assets |  | $ | — |  |  | Accrued expenses |  | $ | 14,893 |
Derivative instruments not designated as hedging instruments: |  |  |  |  |  |  |
Foreign currency options | Other current assets |  | 320 |  |  | Accrued expenses |  | — |
|  |  | $ | 320 |  |  |  |  | $ | 14,893 |
The table below sets forth the fair value of derivative instruments as of December 29, 2019:
| Asset Derivatives as of December 29, 2019 |  | Liability Derivatives as of December 29, 2019
| Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value
| (In thousands)
Derivative instruments designated as hedging instruments: |  |  |  |  |  |  |
Interest rate swap contracts | Other current assets |  | $ | — |  |  | Accrued expenses |  | $ | 5,801 |
Derivative instruments not designated as hedging instruments: |  |  |  |  |  |  |
Foreign currency options | Other current assets |  | 251 |  |  | Accrued expenses |  | — |
|  |  | $ | 251 |  |  |  |  | $ | 5,801 |
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) | The following table summarizes the impact that changes in the fair value of derivatives designated as cash flow hedges had on accumulated other comprehensive loss, net of tax, during the three and six months ended July 5, 2020 and June 30, 2019:
| Three Months Ended |  | Six Months Ended
| July 5, 2020 |  | June 30, 2019 |  | July 5, 2020 |  | June 30, 2019
| (In thousands)
Foreign currency contracts gain (loss) | $ | — |  |  | $ | 204 |  |  | $ | — |  |  | $ | (159 | )
Interest rate swap contracts loss | (351 | ) |  | (4,871 | ) |  | (6,491 | ) |  | (7,814 | )
Loss recognized in accumulated other comprehensive loss | $ | (351 | ) |  | $ | (4,667 | ) |  | $ | (6,491 | ) |  | $ | (7,973 | )
Derivatives Not Designated as Hedging Instruments [Table Text Block] | The following tables summarize gains and losses on derivatives not designated as hedging instruments within the consolidated condensed statements of operations for the three and six months ended July 5, 2020 and June 30, 2019:
|  |  | Three Months Ended
| Statement of Operations Location |  | July 5, 2020 |  | June 30, 2019
|  |  | (In thousands)
Foreign currency options loss | Other expense |  | $ | (1,629 | ) |  | $ | (144 | )
|  |  | Six Months Ended
| Statement of Operations Location |  | July 5, 2020 |  | June 30, 2019
|  |  | (In thousands)
Foreign currency options gain (loss) | Other expense |  | $ | 79 |  |  | $ | (549 | )

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 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 http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + 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=109980867&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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=109980867&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=109980867&loc=SL109998890-113959 + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration