Comprehensive Income (Loss)

6 Months Ended

Jul. 16, 2011

Comprehensive Income (Loss)

Comprehensive Income (Loss)

3. COMPREHENSIVE INCOME (LOSS)

The company's total comprehensive income presently consists of net income, adjustments for our derivative financial instruments accounted for as cash flow hedges, and various pension and other postretirement benefit related items. Total comprehensive income, determined as net income adjusted by other comprehensive income, was $3.5 million and $40.3 million for the twelve and twenty-eight weeks ended July 16, 2011, respectively. Total comprehensive income was $43.3 million and $86.5 million for the twelve and twenty-eight weeks ended July 17, 2010, respectively.

During the twenty-eight weeks ended July 16, 2011, changes to accumulated other comprehensive loss, net of income tax, were as follows (amounts in thousands):

Accumulated other comprehensive loss, January 1, 2011	$	(33,709	)
Derivative transactions:
Net deferred gains (losses) on closed contracts, net of income tax of $(6,485)		10,359
Reclassified to earnings, net of income tax of $13,166		(21,032	)
Effective portion of change in fair value of hedging instruments, net of income tax of $11,998		(19,166	)
Amortization of actuarial loss, net of income tax of $555		886
Amortization of prior service credits, net of income tax of $(54)		(85	)
Accumulated other comprehensive loss, July 16, 2011	$	(62,747	)

Amounts reclassified out of accumulated other comprehensive loss to net income that relate to commodity contracts are presented as an adjustment to reconcile net income to net cash provided by operating activities on the Condensed Consolidated Statements of Cash Flows.