Derivatives and Risk Management (Tables)

12 Months Ended

Dec. 29, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of outstanding forward contracts

As of December 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 intercompany inventory transactions (in millions):



Functional Currency		Contract Currency
Type	Amount	Type	Amount
Euro	143.3	U.S. dollar	172.4
Canadian dollar	60.0	U.S. dollar	46.3
British pound	21.6	U.S. dollar	28.7
Japanese yen	2,183.0	U.S. dollar	20.2
Mexican peso	396.6	U.S. dollar	19.8
Australian dollar	10.9	U.S. dollar	7.8
U.S. dollar	26.1	Japanese Yen	2,835.0

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 fiscal years 2018, 2017 and 2016 are set forth below (in thousands):



Fiscal Year	2018		2017			2016
Cash flow hedges:
Forward contracts	$	18,044	$	(25,088	)	$	13,565
Interest rate swaps	—		278			(730		)
Total gain (loss) recognized in other comprehensive income (loss), net of taxes	$	18,044	$	(24,810	)	$	12,835

Schedule of effective portion of gains and losses on derivative instruments designated and qualifying as cash flow hedges recorded in 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

The following table illustrates the effective portion of gains and losses on derivative instruments recorded in 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 fiscal years 2018, 2017 and 2016 (in thousands):



Derivative Instruments	Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) Location	Effect of Derivative Instruments	Fiscal Year 2018			Fiscal Year 2017			Fiscal Year 2016
Forward contracts designated as cash flow hedging instruments	Other income (expense)-net	Total gain (loss) reclassified from accumulated other comprehensive income (loss)	$	(2,629	)	$	(4,297	)	$	10,986
Forward contracts not designated as hedging instruments	Other income (expense)-net	Total gain (loss) recognized in income	$	244		$	(652	)	$	(82	)
Interest rate swap designated as a cash flow hedging instrument	Interest expense	Total gain (loss) reclassified from accumulated other comprehensive income (loss)	$	—		$	(260	)	$	(1,080	)
Interest rate swap not designated as a cash flow hedging instrument	Other income (expense)-net	Total gain (loss) recognized in income	$	67		$	—		$	—
Interest rate swap not designated as a cash flow hedging instrument	Other income (expense)-net	Total gain (loss) reclassified from accumulated other comprehensive income (loss)	$	—		$	195		$	—

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 consolidated balance sheets in which the fair value amounts for these categories of derivative instruments are included (in thousands):



	Asset Derivatives						Liability Derivatives
	December 29, 2018			December 30, 2017			December 29, 2018			December 30, 2017
	Consolidated Balance Sheets Location	Fair Value		Consolidated Balance Sheets Location	Fair Value		Consolidated Balance Sheets Location	Fair Value		Consolidated Balance Sheets Location	Fair Value
Forward contracts designated as cash flow hedging instruments	Prepaid expenses and other current assets	$	9,217	Prepaid expenses and other current assets	$	2,291	Accrued expenses-other	$	660	Accrued expenses-other	$	14,798
Forward contracts not designated as cash flow hedging instruments	Prepaid expenses and other current assets	15		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	453		Intangible and other assets-net	147		Other long-term liabilities	70		Other long-term liabilities	2,725
Total		$	9,685		$	2,633		$	730		$	17,885