DERIVATIVES AND RISK MANAGEMENT (Tables)

9 Months Ended

Sep. 29, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of outstanding forward contracts

As of September 29, 2018, the Company had the following outstanding forward contracts designated as cash flow hedges that were entered into to hedge the future payments of inventory transactions (in millions):



Functional Currency		Contract Currency
Type	Amount	Type	Amount
Euro	164.8	U.S. dollar	197.6
Canadian dollar	61.3	U.S. dollar	47.8
British pound	25.5	U.S. dollar	34.0
Japanese yen	2,406.2	U.S. dollar	22.2
Mexican peso	343.1	U.S. dollar	17.5
Australian dollar	13.8	U.S. dollar	10.1
U.S. dollar	22.6	Japanese yen	2,455.0

Schedule of effective portion of gains and losses on derivative instruments recognized in other comprehensive income (loss), net of taxes

The effective portion of gains and losses on cash flow hedges that were recognized in other comprehensive income (loss), net of taxes during the Third Quarter, Prior Year Quarter, Year To Date Period and Prior Year YTD Period are set forth below (in thousands):



	For the 13 Weeks Ended September 29, 2018		For the 13 Weeks Ended September 30, 2017
Cash flow hedges:
Forward contracts	$	3,097	$	(13,923	)
Interest rate swaps	—		3
Total gain (loss) recognized in other comprehensive income (loss), net of taxes	$	3,097	$	(13,920	)



	For the 39 Weeks Ended September 29, 2018		For the 39 Weeks Ended September 30, 2017
Cash flow hedges:
Forward contracts	$	10,606	$	(21,731	)
Interest rate swaps	—		146
Total gain (loss) recognized in other comprehensive income (loss), net of taxes	$	10,606	$	(21,585	)

Schedule of effective portion of gains and losses on derivative instruments recognized in other comprehensive income (loss), net of taxes reclassified into earnings and derivatives not designated as hedging instruments recorded directly to earnings

The following table illustrates the effective portion of gains and losses on derivative instruments recorded in accumulated other comprehensive income (loss), net of taxes during the term of the hedging relationship and reclassified into earnings, and gains and losses on derivatives not designated as hedging instruments recorded directly to earnings during the Third Quarter, Prior Year Quarter, Year To Date Period and Prior Year YTD Period (in thousands):



Derivative Instruments	Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) Location	Effect of Derivative Instruments	For the 13 Weeks Ended September 29, 2018			For the 13 Weeks Ended September 30, 2017
Forward contracts designated as cash flow hedging instruments	Other income (expense)-net	Total gain (loss) reclassified from accumulated other comprehensive income (loss)	$	393		$	(4,133	)
Forward contracts not designated as hedging instruments	Other income (expense)-net	Total gain (loss) recognized in income	$	(11	)	$	(12	)
Interest rate swap designated as a cash flow hedging instrument	Interest expense	Total gain (loss) reclassified from accumulated other comprehensive income (loss)	$	—		$	(16	)



Derivative Instruments	Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) Location	Effect of Derivative Instruments	For the 39 Weeks Ended September 29, 2018			For the 39 Weeks Ended September 30, 2017
Forward contracts designated as cash flow hedging instruments	Other income (expense)-net	Total gain (loss) reclassified from other comprehensive income (loss)	$	(5,291	)	$	36
Forward contracts not designated as hedging instruments	Other income (expense)-net	Total gain (loss) recognized in income	$	(113	)	$	170
Interest rate swap designated as a cash flow hedging instrument	Interest expense	Total gain (loss) reclassified from other comprehensive income (loss)	$	—		$	(257	)
Interest rate swap not designated as a cash flow hedging instrument	Other income (expense)-net	Total gain (loss) recognized in income	$	67		$	—

Schedule of fair value amounts for derivative instruments as separate asset and liability values on a gross basis and their location on condensed consolidated balance sheets

The following table discloses the fair value amounts for the Company’s derivative instruments as separate asset and liability values, presents the fair value of derivative instruments on a gross basis, and identifies the line items in the condensed consolidated balance sheets in which the fair value amounts for these categories of derivative instruments are included (in thousands):



	Asset Derivatives						Liability Derivatives
	September 29, 2018			December 30, 2017			September 29, 2018			December 30, 2017
Derivative Instruments	Condensed Consolidated Balance Sheets Location	Fair Value		Condensed Consolidated Balance Sheets Location	Fair Value		Condensed Consolidated Balance Sheets Location	Fair Value		Condensed Consolidated Balance Sheets Location	Fair Value
Forward contracts designated as cash flow hedging instruments	Prepaid expenses and other current assets	$	5,826	Prepaid expenses and other current assets	$	2,291	Accrued expenses- other	$	3,012	Accrued expenses- other	$	14,798
Forward contracts not designated as cash flow hedging instruments	Prepaid expenses and other current assets	1		Prepaid expenses and other current assets	—		Accrued expenses- other	—		Accrued expenses- other	362
Interest rate swap not designated as a cash flow hedging instrument	Prepaid expenses and other current assets	—		Prepaid expenses and other current assets	195		Accrued expenses- other	—		Accrued expenses- other	—
Forward contracts designated as cash flow hedging instruments	Intangible and other assets-net	594		Intangible and other assets-net	147		Other long-term liabilities	80		Other long-term liabilities	2,725
Total		$	6,421		$	2,633		$	3,092		$	17,885