Accumulated Other Comprehensive Income (Loss) ("AOCI") (Tables)

4 Months Ended

Apr. 19, 2025

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

Summary of Reclassifications Out of AOCI

During the sixteen weeks ended April 19, 2025 and April 20, 2024, reclassifications out of AOCI were as follows (amounts in thousands):

	Amount Reclassified from AOCI
	For the Sixteen Weeks Ended						Affected Line Item in the Statement
Details about AOCI Components (Note 2)	April 19, 2025			April 20, 2024			Where Net Income is Presented
Derivative instruments:
Interest rate contracts	$	226		$	153		Interest expense
Commodity contracts		426			(886	)	Cost of sales, Note 3
Total before tax		652			(733	)	Total before tax
Tax benefit		(163	)		183		Income tax expense
Total net of tax		489			(550	)	Net of tax
Pension and postretirement plans:
Prior-service credits		64			54		Note 1
Actuarial gain losses		58			42		Note 1
Total before tax		122			96		Total before tax
Tax expense		(31	)		(23	)	Income tax expense
Total net of tax		91			73		Net of tax
Total reclassifications	$	580		$	(477	)	Net of tax

Note 1: These items are included in the computation of net periodic pension cost and are reported in the other components of net periodic pension and postretirement benefits credit line item on the Condensed Consolidated Statements of Income. See Note 19, 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 Condensed Consolidated Statements of Cash Flows.

Changes to AOCI, Net of Income Tax

During the sixteen weeks ended April 19, 2025, changes to AOCI, net of income tax, by component were as follows (amounts in thousands and parentheses denote a debit balance):

	Cash Flow Hedge Items			Defined Benefit Pension Plan Items			Total
AOCI at December 28, 2024	$	7,087		$	(257	)	$	6,830
Other comprehensive income before reclassifications		(1,086	)		—			(1,086	)
Reclassified to earnings from AOCI		(489	)		(91	)		(580	)
AOCI at April 19, 2025	$	5,512		$	(348	)	$	5,164

During the sixteen weeks ended April 20, 2024, changes to AOCI, net of income tax, by component were as follows (amounts in thousands and parentheses denote a debit balance):

	Cash Flow Hedge Items			Defined Benefit Pension Plan Items			Total
AOCI at December 30, 2023	$	963		$	(342	)	$	621
Other comprehensive income before reclassifications		(566	)		—			(566	)
Reclassified to earnings from AOCI		550			(73	)		477
AOCI at April 20, 2024	$	947		$	(415	)	$	532

Gain (Loss) Reclassified From AOCI for Commodity Contracts

The following table presents the net of tax amount reclassified from AOCI for our commodity contracts (amounts in thousands and positive value indicates credits to determine net income):

	For the Sixteen Weeks Ended
	April 19, 2025			April 20, 2024
Gross gain (loss) reclassified from AOCI into net income	$	426		$	(886	)
Tax benefit		(106	)		221
Net of tax	$	320		$	(665	)