Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 30, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Summary of Reclassifications Out of AOCI

During Fiscal 2023, 2022, and 2021, reclassifications out of AOCI were as follows (amounts in thousands):

	Amount Reclassified from AOCI									Affected Line Item in the Statement
Details about AOCI Components (Note 2)	Fiscal 2023			Fiscal 2022			Fiscal 2021			Where Net Income is Presented
Derivative instruments:
Interest rate contracts	$	499		$	499		$	126		Interest expense
Commodity contracts		(2,920	)		5,813			2,115		Cost of sales, Note 3, below
Total before tax	$	(2,421	)	$	6,312		$	2,241		Total before tax
Tax benefit (expense)		606			(1,578	)		(560	)	Tax expense
Total net of tax	$	(1,815	)	$	4,734		$	1,681		Net of tax
Pension and postretirement plans:
Prior-service credits (cost)	$	177		$	180		$	(55	)	Note 1, below
Settlement loss		—			—			(403	)	Note 1, below
Actuarial gains (losses)		74			(285	)		(532	)	Note 1, below
Total before tax	$	251		$	(105	)	$	(990	)	Total before tax
Tax (expense) benefit		(63	)		26			247		Tax benefit
Total net of tax	$	188		$	(79	)	$	(743	)	Net of tax benefit
Total reclassifications from AOCI	$	(1,627	)	$	4,655		$	938		Net of tax benefit

Note 1: These items are included in the computation of net periodic pension cost. See Note 21, Postretirement Plans, for additional information.

Note 2: Amounts in parentheses indicate debits to determine net income.

Note 3: Amounts are presented as an adjustment to reconcile net income to net cash provided by operating activities on the Consolidated Statements of Cash Flows.

Summary of AOCI Exclusive of Reclassification

During Fiscal 2023, 2022, and 2021, amounts recognized in AOCI, exclusive of reclassifications, were as follows (amounts in thousands):

	Amount of Gain (Loss) Recognized in AOCI
AOCI component	Fiscal 2023			Fiscal 2022			Fiscal 2021
Derivative instruments:
Interest rate contracts	$	—		$	—		$	3,902
Commodity contracts		(3,934	)		1,053			(11,030	)
Total before tax	$	(3,934	)	$	1,053		$	(7,128	)
Tax benefit (expense)		983			(263	)		1,780
Total net of tax	$	(2,951	)	$	790		$	(5,348	)
Pension and postretirement plans:
Current year actuarial loss	$	628		$	3,669		$	1,050
Current year prior service credit		—			—			2,214
Total before tax	$	628		$	3,669		$	3,264
Tax expense		(157	)		(917	)		(815	)
Total net of tax	$	471		$	2,752		$	2,449
Total recognized in AOCI	$	(2,480	)	$	3,542		$	(2,899	)

During Fiscal 2023, changes to AOCI, net of income tax, by component were as follows (amounts in thousands):

	Cash Flow Hedge Items			Defined Benefit Pension Plan Items			Total
AOCI at December 31, 2022	$	2,099		$	(625	)	$	1,474
Other comprehensive (gain) loss before reclassifications		(2,951	)		471			(2,480	)
Reclassified to earnings from AOCI		1,815			(188	)		1,627
AOCI at December 30, 2023	$	963		$	(342	)	$	621

During Fiscal 2022, changes to AOCI, net of income tax, by component were as follows (amounts in thousands):

	Cash Flow Hedge Items			Defined Benefit Pension Plan Items			Total
AOCI at January 1, 2022	$	6,043		$	(3,456	)	$	2,587
Other comprehensive loss before reclassifications		790			2,752			3,542
Reclassified to earnings from AOCI		(4,734	)		79			(4,655	)
AOCI at December 31, 2022	$	2,099		$	(625	)	$	1,474

Gain (loss) Reclassified From AOCI for Commodity Contracts

The following table presents the net of tax amount of the loss reclassified from AOCI for our commodity contracts (amounts in thousands):

	Fiscal 2023			Fiscal 2022			Fiscal 2021
Gross (loss) gain reclassified from AOCI into income	$	(2,920	)	$	5,813		$	2,115
Tax benefit (expense)		732			(1,452	)		(529	)
Net of tax	$	(2,188	)	$	4,361		$	1,586