Accumulated Other Comprehensive Income (Loss)

4 Months Ended

Apr. 21, 2012

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

3. ACCUMULATED OTHER 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 $41.8 million and $36.8 million for the sixteen weeks ended April 21, 2012 and April 23, 2011, respectively.

During the sixteen weeks ended April 21, 2012, changes to accumulated other comprehensive loss, net of income tax, were as follows (amounts in thousands):

	2012
Accumulated other comprehensive loss, December 31, 2011	$	(112,047	)
Derivative transactions:
Reclassified to earnings (materials, labor and other production costs), net of income tax of $6,283		10,036
Net amount of loss recognized on the effective portion, net of income tax of $(4,388)		(7,009	)
Pension and postretirement plans transactions:
Amortization of prior service credits, net of income tax of $(30)		(49	)
Amortization of actuarial loss, net of income tax of $567		906
Accumulated other comprehensive loss, April 21, 2012	$	(108,163	)

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.

The balance in accumulated other comprehensive loss consists of the following:

	April 21, 2012			December 31, 2011
	(Amounts in thousands)
Derivatives designated as cash flow hedges	$	(11,881	)	$	(14,908	)
Pension and postretirement plans		(96,282	)		(97,139	)
Total	$	(108,163	)	$	(112,047	)