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

6 Months Ended

Jul. 15, 2017

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Summary of Reclassifications Out of AOCI

During the twelve and twenty-eight weeks ended July 15, 2017 and July 16, 2016, reclassifications out of AOCI 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 15, 2017			July 16, 2016			Where Net Income is Presented
Gains and losses on cash flow hedges:
Interest rate contracts	$	(33	)	$	(57	)	Interest expense
Commodity contracts		(487	)		(1,248	)	Cost of sales, Note 3
Total before tax		(520	)		(1,305	)	Total before tax
Tax benefit		200			502		Tax benefit
Total net of tax		(320	)		(803	)	Net of tax
Amortization of defined benefit pension items:
Prior-service (cost) credits		(40	)		(27	)	Note 1
Settlement loss		—			(4,641	)	Note 1
Actuarial losses		(1,355	)		(1,050	)	Note 1
Total before tax		(1,395	)		(5,718	)	Total before tax
Tax benefit		537			2,201		Tax benefit
Total net of tax		(858	)		(3,517	)	Net of tax
Total reclassifications	$	(1,178	)	$	(4,320	)	Net of tax

	Amount Reclassified from AOCI
	For the Twenty-Eight Weeks Ended						Affected Line Item in the Statement
Details about AOCI Components (Note 2)	July 15, 2017			July 16, 2016			Where Net Income is Presented
Gains and losses on cash flow hedges:
Interest rate contracts	$	(77	)	$	(135	)	Interest expense
Commodity contracts		(1,214	)		(3,030	)	Cost of sales, Note 3
Total before tax		(1,291	)		(3,165	)	Total before tax
Tax benefit		497			1,219		Tax benefit
Total net of tax		(794	)		(1,946	)	Net of tax
Amortization of defined benefit pension items:
Prior-service (cost) credits		(94	)		(81	)	Note 1
Settlement loss		—			(4,641	)	Note 1
Actuarial losses		(3,159	)		(2,708	)	Note 1
Total before tax		(3,253	)		(7,430	)	Total before tax
Tax benefit		1,252			2,860		Tax benefit
Total net of tax		(2,001	)		(4,570	)	Net of tax
Total reclassifications	$	(2,795	)	$	(6,516	)	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 AOCI, Net of Income Tax

During the twenty-eight weeks ended July 15, 2017, changes to AOCI, 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
AOCI at December 31, 2016	$	(1,061	)	$	(82,222	)	$	(83,283	)
Other comprehensive income before reclassifications		3,720			—			3,720
Reclassified to earnings from AOCI		794			2,001			2,795
AOCI at July 15, 2017	$	3,453		$	(80,221	)	$	(76,768	)

During the twenty-eight weeks ended July 16, 2016, changes to AOCI, 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
AOCI at January 2, 2016	$	(10,190	)	$	(86,610	)	$	(96,800	)
Other comprehensive income before reclassifications		(937	)		(36,407	)		(37,344	)
Reclassified to earnings from AOCI		1,946			4,570			6,516
AOCI at July 16, 2016	$	(9,181	)	$	(118,447	)	$	(127,628	)

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 Twenty-Eight Weeks Ended
	July 15, 2017			July 16, 2016
Gross loss reclassified from AOCI into income	$	1,214		$	3,030
Tax benefit		(467	)		(1,167	)
Net of tax	$	747		$	1,863