Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2011

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 16. Accumulated Other Comprehensive Income (Loss)

The company had other comprehensive income (loss) resulting from its accounting for derivative financial instruments and its defined benefit pension plans and postretirement benefit plans. Total comprehensive income (loss), determined as net income adjusted by other comprehensive income (loss), was $45.1 million, $168.0 million and $167.9 million for fiscal years 2011, 2010 and 2009, respectively.

During fiscal years 2011, 2010 and 2009, changes to accumulated other comprehensive income (loss), net of income tax, were as follows:

	Fiscal 2011			Fiscal 2010			Fiscal 2009
	(Amounts in thousands)
Accumulated other comprehensive (loss) income, beginning balance	$	(33,709	)	$	(64,672	)	$	(102,279	)
Derivative instruments transactions:
Net deferred (losses) gains on closed contracts, net of income tax of $(2,488), $8,103 and $(15,847), respectively		(3,974	)		12,968			(25,314	)
Reclassified to earnings (materials, labor and other production costs), net of income tax of $(13,123), $5,051 and $26,257, respectively		(20,962	)		8,069			41,943
Effective portion of change in fair value of hedging instruments, net of income tax of $(8,687), $9,223 and $7,707, respectively		(13,877	)		14,732			12,311
Pension and postretirement plans transactions:
Prior service cost for the period, net of income tax of $0, $41 and $475		—			68			759
Net (loss) gain for the period, net of income tax of $(25,740), $(3,799) and $3,760, respectively		(41,117	)		(6,070	)		6,005
Amortization of actuarial loss, net of income tax of $1,099, $815 and $1,063, respectively		1,750			1,303			1,698
Amortization of prior service (credits) and costs, net of income tax of $(99), $(67) and $128, respectively		(158	)		(107	)		205
Accumulated other comprehensive loss, ending balance	$	(112,047	)	$	(33,709	)	$	(64,672	)

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. See Note 8, Derivative Financial Instruments, for the details of the reclassified transactions.

The balance of accumulated other comprehensive income (loss) consists of the following:

	December 31, 2011			January 1, 2011
	(Amounts in thousands)
Commodity derivatives designated as cash flow hedges	$	(12,825	)	$	27,872
Interest rate swaps designated as cash flow hedges		(2,083	)		(3,967	)
Pension and postretirement plan net actuarial loss		(97,648	)		(58,281	)
Pension and postretirement plan prior service credit		509			667
Total	$	(112,047	)	$	(33,709	)