Quarterly report pursuant to Section 13 or 15(d)

Derivative Instruments & Hedging Activities (Tables)

v3.19.2
Derivative Instruments & Hedging Activities (Tables)
6 Months Ended
Jun. 29, 2019
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Financial Instruments Included in Consolidated Balance Sheets

The fair value of the Company’s derivative financial instruments included in the Consolidated Balance Sheets are presented as follows:

 

Asset Derivatives

 

 

Liability Derivatives

 

 

Balance Sheet

 

Fair Value (1)

 

Fair Value (1)

 

 

Balance Sheet

 

Fair Value (1)

 

Fair Value (1)

 

 

Location

 

June 29, 2019

 

December 29, 2018

 

 

Location

 

June 29, 2019

 

December 29, 2018

 

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

Interest rate swap contract

Other assets

 

$

 

$

 

 

Other non-current liabilities

 

$

6,344

 

$

2,309

 

Derivatives not designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

Forward foreign exchange contracts

Other current assets

 

 

404

 

 

 

 

Other current liabilities

 

 

 

 

137

 

Forward foreign exchange contracts

Other assets

 

 

29

 

 

 

 

Other non-current liabilities

 

 

 

 

 

Total derivatives

 

 

$

433

 

$

 

 

 

 

$

6,344

 

$

2,446

 

Schedule of Gains and Losses Related to Derivative Financial Instruments

The amount of gains and losses related to the Company’s derivative financial instruments are presented as follows:

 

 

Amount of Gain or (Loss) Recognized in OCI on Derivatives (Effective Portion)

 

 

Location of Gain or (Loss) Reclassified from AOCI

 

Amount of Gain or (Loss) Reclassified from AOCI into Earnings (Effective Portion)

 

 

 

June 29, 2019

 

June 30, 2018

 

 

into Earnings (Effective Portion)

 

June 29, 2019

 

June 30, 2018

 

Derivatives in cash flow hedging relationships:

 

 

 

 

 

 

 

 

 

 

Interest rate swap contract

 

$

(4,035

)

$

 

 

Interest expense, net

 

$

(384

)

$

 

 

 

Amount of Gain or (Loss) Recognized

in Earnings on Derivatives

 

 

Location of Gain or (Loss) Recognized

 

 

June 29, 2019

 

June 30, 2018

 

 

in Earnings on Derivatives

Derivatives not designated as hedging instruments:

 

 

 

Forward foreign exchange contracts

 

$

409

 

$

(3,493

)

 

Foreign currency transaction gain loss, net