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

12 Months Ended

Dec. 31, 2016

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

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

Note 17. Accumulated Other Comprehensive Income (Loss)(“AOCI”)

The company’s total comprehensive loss 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 fiscal years 2016, 2015, and 2014, reclassifications out of AOCI were as follows (amounts in thousands):

Details about Accumulated	Amount Reclassified from Accumulated Other Comprehensive Loss									Affected Line Item in the Statement
Other Comprehensive Income Components (Note 2)	Fiscal 2016			Fiscal 2015			Fiscal 2014			Where Net Income is Presented
Gains and losses on cash flow hedges:
Interest rate contracts	$	(221	)	$	(250	)	$	(255	)	Interest expense
Commodity contracts		(5,307	)		(8,551	)		(5,218	)	Cost of sales, Note 3, below
Total before tax	$	(5,528	)	$	(8,801	)	$	(5,473	)	Total before tax
Tax benefit		2,129			3,388			2,107		Tax benefit
Total net of tax	$	(3,399	)	$	(5,413	)	$	(3,366	)	Net of tax
Pension and postretirement benefit items:
Prior-service credits	$	(175	)	$	267		$	469		Note 1, below
Settlement loss		(6,646	)		—			(15,387	)	Note 1, below
Actuarial losses		(6,840	)		(4,395	)		(1,348	)	Note 1, below
Total before tax	$	(13,661	)	$	(4,128	)	$	(16,266	)	Total before tax
Tax benefit		5,260			1,589			6,263		Tax benefit
Total net of tax	$	(8,401	)	$	(2,539	)	$	(10,003	)	Net of tax benefit
Total reclassifications	$	(11,800	)	$	(7,952	)	$	(13,369	)	Net of tax benefit

Note 1: These items are included in the computation of net periodic pension cost. 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 Consolidated Statements of Cash Flows.

During fiscal 2016, changes to AOCI, net of income tax, by component were as follows (amounts in thousands):

	Cash Flow Hedge Items			Defined Benefit Pension Plan Items			Total
Accumulated other comprehensive loss, January 2, 2016	$	(10,190	)	$	(86,610	)	$	(96,800	)
Other comprehensive income (loss) before reclassifications		5,730			(4,013	)		1,717
Reclassified to earnings from accumulated other comprehensive loss		3,399			8,401			11,800
Accumulated other comprehensive loss, December 31, 2016	$	(1,061	)	$	(82,222	)	$	(83,283	)

During fiscal 2015, changes to AOCI, net of income tax, by component were as follows (amounts in thousands):

	Cash Flow Hedge Items			Defined Benefit Pension Plan Items			Total
Accumulated other comprehensive loss, January 3, 2015	$	(11,408	)	$	(86,612	)	$	(98,020	)
Other comprehensive loss before reclassifications		(4,195	)		(2,537	)		(6,732	)
Reclassified to earnings from accumulated other comprehensive loss		5,413			2,539			7,952
Accumulated other comprehensive loss, January 2, 2016	$	(10,190	)	$	(86,610	)	$	(96,800	)

Amounts reclassified out of AOCI 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 Consolidated Statements of Cash Flows. The following table presents the net of tax amount of the loss reclassified from AOCI for our commodity contracts (amounts in thousands):

	Fiscal 2016			Fiscal 2015			Fiscal 2014
Gross loss reclassified from AOCI into income	$	5,307		$	8,551		$	5,218
Tax benefit		(2,043	)		(3,292	)		(2,009	)
Net of tax	$	3,264		$	5,259		$	3,209