ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (AOCI)

6 Months Ended

Jul. 18, 2015

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (AOCI)

3. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (“AOCI”)

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.

During the twelve and twenty-eight weeks ended July 18, 2015 and July 12, 2014, reclassifications out of accumulated other comprehensive loss were as follows (amounts in thousands):

	Amount Reclassified from AOCI
	For the Twelve Weeks Ended						Affected Line Item in the Statement
Details about AOCI Components (Note 2)	July 18, 2015			July 12, 2014			Where Net Income is Presented
Gains and losses on cash flow hedges:
Interest rate contracts	$	(57	)	$	(57	)	Interest income (expense)
Commodity contracts		(1,977	)		(661	)	Cost of sales, Note 3
Total before tax		(2,034	)		(718	)	Total before tax
Tax benefit		783			276		Tax benefit
Total net of tax		(1,251	)		(442	)	Net of tax
Amortization of defined benefit pension items:
Prior-service credits		108			108		Note 1, below
Actuarial losses		(1,014	)		(311	)	Note 1, below
Total before tax		(906	)		(203	)	Total before tax
Tax benefit		349			79		Tax benefit
Total net of tax		(557	)		(124	)	Net of tax
Total reclassifications	$	(1,808	)	$	(566	)	Net of tax

	Amount Reclassified from AOCI
	For the Twenty-Eight Weeks Ended						AffectedLineIteminthe Statement
Details about AOCI Components (Note 2)	July 18, 2015			July 12, 2014			Where Net Income is Presented
Gains and losses on cash flow hedges:
Interest rate contracts	$	(135	)	$	(135	)	Interest income (expense)
Commodity contracts		(4,481	)		(5,578	)	Cost of sales, Note 3
Total before tax		(4,616	)		(5,713	)	Total before tax
Tax benefit		1,778			2,199		Tax benefit
Total net of tax		(2,838	)		(3,514	)	Net of tax
Amortization of defined benefit pension items:
Prior-service credits		252			252		Note 1, below
Actuarial losses		(2,366	)		(725	)	Note 1, below
Total before tax		(2,114	)		(473	)	Total before tax
Tax benefit		814			183		Tax benefit
Total net of tax		(1,300	)		(290	)	Net of tax
Total reclassifications	$	(4,138	)	$	(3,804	)	Net of tax

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Note 1: These items are included in the computation of net periodic pension cost. See Note 13, 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.

During the twenty-eight weeks ended July 18, 2015, changes to accumulated other comprehensive loss, net of income tax, by component were as follows (amounts in thousands):

	Gains/Losses on Cash Flow Hedges			Defined BenefitPension Plan Items			Total
Accumulated other comprehensive loss, January 3, 2015	$	(11,408	)	$	(86,612	)	$	(98,020	)
Other comprehensive income before reclassifications		1,390			—			1,390
Reclassified to earnings from accumulated other comprehensive loss		2,838			1,300			4,138
Accumulated other comprehensive loss, July 18, 2015	$	(7,180	)	$	(85,312	)	$	(92,492	)

During the twenty-eight weeks ended July 12, 2014, changes to accumulated other comprehensive loss, net of income tax, by component were as follows (amounts in thousands):

	Gains/Losses on Cash Flow Hedges			Defined BenefitPension Plan Items			Total
Accumulated other comprehensive loss, December 28, 2013	$	(11,416	)	$	(51,099	)	$	(62,515	)
Other comprehensive income before reclassifications		(900	)		—			(900	)
Reclassified to earnings from accumulated other comprehensive loss		3,514			290			3,804
Accumulated other comprehensive loss, July 12, 2014	$	(8,802	)	$	(50,809	)	$	(59,611	)

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 following table presents the net of tax amount of the gain or loss reclassified from accumulated other comprehensive income (“AOCI”) for our commodity contracts (amounts in thousands):

	For the Twenty-Eight Weeks Ended
	July 18, 2015			July 12, 2014
Gross loss reclassified from AOCI into income	$	4,481		$	5,578
Tax benefit		(1,725	)		(2,146	)
Net of tax	$	2,756		$	3,432