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

4 Months Ended

Apr. 22, 2017

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Summary of Reclassifications Out of Accumulated Other Comprehensive Loss

During the sixteen weeks ended April 22, 2017 and April 23, 2016, reclassifications out of accumulated other comprehensive loss were as follows (amounts in thousands):

	Amount Reclassified from AOCI
	For the Sixteen Weeks Ended						Affected Line Item in the Statement
Details about AOCI Components (Note 2)	April 22, 2017			April 23, 2016			Where Net Income is Presented
Gains and losses on cash flow hedges:
Interest rate contracts	$	(44	)	$	(77	)	Interest expense
Commodity contracts		(727	)		(1,782	)	Cost of sales, Note 3
Total before tax		(771	)		(1,859	)	Total before tax
Tax benefit		297			716		Tax benefit
Total net of tax		(474	)		(1,143	)	Net of tax
Amortization of defined benefit pension items:
Prior-service (cost) credits		(54	)		(54	)	Note 1
Actuarial losses		(1,805	)		(1,658	)	Note 1
Total before tax		(1,859	)		(1,712	)	Total before tax
Tax benefit		716			659		Tax benefit
Total net of tax		(1,143	)		(1,053	)	Net of tax
Total reclassifications	$	(1,617	)	$	(2,196	)	Net of tax

Note 1:

These items are included in the computation of net periodic pension cost. See Note 14, Post-retirement 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.

Changes to Accumulated Other Comprehensive Loss, Net of Income Tax

During the sixteen weeks ended April 22, 2017, changes to accumulated other comprehensive loss, net of income tax, by component were as follows (amounts in thousands and parentheses denote a debit balance):

	Gains/Losses on Cash Flow Hedges			Defined Benefit Pension Plan Items			Total
Accumulated other comprehensive loss at December 31, 2016	$	(1,061	)	$	(82,222	)	$	(83,283	)
Other comprehensive income before reclassifications		(3,518	)		—			(3,518	)
Reclassified to earnings from accumulated other comprehensive loss		474			1,143			1,617
Accumulated other comprehensive loss at April 22, 2017	$	(4,105	)	$	(81,079	)	$	(85,184	)

During the sixteen weeks ended April 23, 2016, changes to accumulated other comprehensive loss, net of income tax, by component were as follows (amounts in thousands and parentheses denote a debit balance):

	Gains/Losses on Cash Flow Hedges			Defined Benefit Pension Plan Items			Total
Accumulated other comprehensive loss at January 2, 2016	$	(10,190	)	$	(86,610	)	$	(96,800	)
Other comprehensive income before reclassifications		2,588			—			2,588
Reclassified to earnings from accumulated other comprehensive loss		1,143			1,053			2,196
Accumulated other comprehensive loss at April 23, 2016	$	(6,459	)	$	(85,557	)	$	(92,016	)

Loss Reclassified From AOCI for Commodity Contracts

The following table presents the net of tax amount of the loss reclassified from AOCI for our commodity contracts (amounts in thousands and positive value indicates debits to determine net income):

	For the Sixteen Weeks Ended
	April 22, 2017			April 23, 2016
Gross loss reclassified from AOCI into income	$	727		$	1,782
Tax benefit		(280	)		(686	)
Net of tax	$	447		$	1,096