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Derivative Instruments (Notes) | 9 Months Ended
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Sep. 26, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivatives Not Designated as Hedging Instruments [Table Text Block] | Gains (losses) associated with derivative instruments not designated as hedging instruments are as follows (in thousands):
|  |  | Three Months Ended |  | Nine Months Ended
| Classification |  | September 26, 2020 |  | September 28, 2019 |  | September 26, 2020 |  | September 28, 2019
Gain (loss) recognized in income | Other income, net |  | $ | (2,232) |  |  | $ | 852 |  |  | $ | (3,475) |  |  | $ | 200 |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | Derivative InstrumentsThe Company operates internationally and, in the normal course of business, is exposed to fluctuations in foreign currency exchange rates. The foreign currency exposures typically arise from transactions denominated in currencies other than the functional currency of the Company's operations, primarily the British Pound, Canadian Dollar, Euro and Japanese Yen. The Company uses derivative instruments that are designated in cash flow hedge relationships to reduce or eliminate the effects of foreign exchange rate changes on sales. These contracts typically have maturities o f thirty-seven months or less. At September 26, 2020 and December 28, 2019, the Company had outstanding cash flow hedges with a total notional value of $430.2 million and $424.6 million, respectively. The Company also enters into economic hedges that are not designated as hedges from an accounting standpoint to reduce or eliminate the effects of foreign exchange rate changes typically related to short term trade receivables and payables. These contracts typically have maturities of twelve months or less. At September 26, 2020 and December 28, 2019, the Company had outstanding foreign currency economic hedges with a total notional value of $26.8 million a nd $58.4 million, respectively. As described in Note 2, during July 2020, the Company entered into a forward sale contract as an economic hedge to reduce the Company's exposure to stock price fluctuations on its marketable equity securities. The contract has a maturity date of January 2021. At September 26, 2020, the total notional value of this economic hedge was $51.5 million. The fair values of derivative instruments are as follows (in thousands):
|  |  |  |  | Fair Value
| Classification |  |  |  |  |  | September 26, 2020 |  | December 28, 2019
Derivatives not designated as hedging instruments: |  |  |  |  |  |
Foreign currency forward contracts | Other current assets |  |  |  |  |  | $ | 724 |  |  | $ | 1,855 |
Foreign currency forward contracts | Accrued expenses |  |  |  |  |  | 1,177 |  |  | 297 |
Forward sale contract | Accrued expenses |  |  |  |  |  | 626 |  |  | — |
Derivatives designated as cash flow hedges: |  |  |  |  |  |
Foreign currency forward contracts | Other current assets |  |  |  |  |  | $ | 2,781 |  |  | $ | 4,347 |
Foreign currency forward contracts | Other assets |  |  |  |  |  | 3,136 |  |  | 9,112 |
Foreign currency forward contracts | Accrued expenses |  |  |  |  |  | 435 |  |  | 47 |
Foreign currency forward contracts | Long-term liabilities |  |  |  |  |  | 3,689 |  |  | 414 |
Gains (losses) associated with derivative instruments not designated as hedging instruments are as follows (in thousands):
|  |  | Three Months Ended |  | Nine Months Ended
| Classification |  | September 26, 2020 |  | September 28, 2019 |  | September 26, 2020 |  | September 28, 2019
Gain (loss) recognized in income | Other income, net |  | $ | (2,232) |  |  | $ | 852 |  |  | $ | (3,475) |  |  | $ | 200 |
The following tables reflect the effect of derivatives designated as cash flow hedging (in thousands):
|  | Gain (loss) recognized in OCI on Derivative (1)
|  | Three Months Ended |  | Nine Months Ended
|  | September 26, 2020 |  | September 28, 2019 |  | September 26, 2020 |  | September 28, 2019
Foreign currency forward contracts |  | $ | (11,230) |  |  | $ | 10,905 |  |  | $ | (7,177) |  |  | $ | 15,254 |
(1)The amount represents the change in fair value of derivative contracts due to changes in spot rates.
|  | Gain (loss) recognized in earnings on cash flow hedging instruments
|  | Three Months Ended |  | Nine Months Ended
|  | September 26, 2020 |  | September 28, 2019 |  | September 26, 2020 |  | September 28, 2019
|  | Revenue |  | Revenue
Consolidated statements of operations in which the effects of cash flow hedging instruments are recorded |  | $ | 413,145 |  |  | $ | 289,399 |  |  | $ | 885,563 |  |  | $ | 787,232 |
Gain (loss) on cash flow hedging relationships: |  |  |  |  |  |  |  |
Foreign currency forward contracts: |  |  |  |  |  |  |  |
Amount of gain reclassified from AOCI into earnings |  | $ | 993 |  |  | $ | 185 |  |  | $ | 4,711 |  |  | $ | 400 |

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