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

9 Months Ended

Oct. 07, 2017

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Summary of Reclassifications Out of AOCI

During the twelve and forty weeks ended October 7, 2017 and October 8, 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)	October 7, 2017			October 8, 2016			Where Net Income (Loss) is Presented
Gains and losses on cash flow hedges:
Interest rate contracts	$	(33	)	$	(62	)	Interest expense
Commodity contracts		(571	)		(1,144	)	Cost of sales, Note 3
Total before tax		(604	)		(1,206	)	Total before tax
Tax benefit		232			464		Tax benefit
Total net of tax		(372	)		(742	)	Net of tax
Amortization of defined benefit pension items:
Prior-service (cost) credits		(34	)		(47	)	Note 1
Settlement loss		(3,030	)		(1,832	)	Note 1
Actuarial losses		(1,251	)		(2,070	)	Note 1
Total before tax		(4,315	)		(3,949	)	Total before tax
Tax benefit		1,662			1,520		Tax benefit
Total net of tax		(2,653	)		(2,429	)	Net of tax
Total reclassifications	$	(3,025	)	$	(3,171	)	Net of tax

	Amount Reclassified from AOCI
	For the Forty Weeks Ended						Affected Line Item in the Statement
Details about AOCI Components (Note 2)	October 7, 2017			October 8, 2016			Where Net Income (Loss) is Presented
Gains and losses on cash flow hedges:
Interest rate contracts	$	(110	)	$	(197	)	Interest expense
Commodity contracts		(1,785	)		(4,174	)	Cost of sales, Note 3
Total before tax		(1,895	)		(4,371	)	Total before tax
Tax benefit		729			1,683		Tax benefit
Total net of tax		(1,166	)		(2,688	)	Net of tax
Amortization of defined benefit pension items:
Prior-service (cost) credits		(128	)		(128	)	Note 1
Settlement loss		(3,030	)		(6,473	)	Note 1
Actuarial losses		(4,410	)		(4,779	)	Note 1
Total before tax		(7,568	)		(11,380	)	Total before tax
Tax benefit		2,914			4,381		Tax benefit
Total net of tax		(4,654	)		(6,999	)	Net of tax
Total reclassifications	$	(5,820	)	$	(9,687	)	Net of tax

Note 1:

These items are included in the computation of net periodic pension cost. See Note 15, Post-retirement Plans, for additional information.

Note 2:

Amounts in parentheses indicate debits to determine net income (loss).

Note 3:

Amounts are presented as an adjustment to reconcile net income (loss) to net cash provided by operating activities on the Condensed Consolidated Statements of Cash Flows.

Changes to AOCI, Net of Income Tax

During the forty weeks ended October 7, 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		(5,932	)		(2,707	)		(8,639	)
Reclassified to earnings from AOCI		1,166			4,654			5,820
AOCI at October 7, 2017	$	(5,827	)	$	(80,275	)	$	(86,102	)

During the forty weeks ended October 8, 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		2,496			(38,121	)		(35,625	)
Reclassified to earnings from AOCI		2,688			6,999			9,687
AOCI at October 8, 2016	$	(5,006	)	$	(117,732	)	$	(122,738	)

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 Forty Weeks Ended
	October 7, 2017			October 8, 2016
Gross loss reclassified from AOCI into income	$	1,785		$	4,174
Tax benefit		(687	)		(1,607	)
Net of tax	$	1,098		$	2,567