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

6 Months Ended

Jul. 14, 2018

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Summary of Reclassifications Out of AOCI

During the twelve and twenty-eight weeks ended July 14, 2018 and July 15, 2017, 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 14, 2018			July 15, 2017			Where Net Income is Presented
Gains and losses on cash flow hedges:
Interest rate contracts	$	(33	)	$	(33	)	Interest expense
Commodity contracts		(135	)		(487	)	Cost of sales, Note 3
Total before tax		(168	)		(520	)	Total before tax
Tax benefit		42			200		Tax benefit
Total net of tax		(126	)		(320	)	Net of tax
Amortization of defined benefit pension items:
Prior-service costs		(46	)		(40	)	Note 1
Settlement loss		(1,035	)		—		Note 1
Actuarial losses		(1,157	)		(1,355	)	Note 1
Total before tax		(2,238	)		(1,395	)	Total before tax
Tax benefit		565			537		Tax benefit
Total net of tax		(1,673	)		(858	)	Net of tax
Total reclassifications	$	(1,799	)	$	(1,178	)	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 14, 2018			July 15, 2017			Where Net Income (Loss) is Presented
Gains and losses on cash flow hedges:
Interest rate contracts	$	(77	)	$	(77	)	Interest expense
Commodity contracts		(488	)		(1,214	)	Cost of sales, Note 3
Total before tax		(565	)		(1,291	)	Total before tax
Tax benefit		142			497		Tax benefit
Total net of tax		(423	)		(794	)	Net of tax
Amortization of defined benefit pension items:
Prior-service (cost) credits		(81	)		(94	)	Note 1
Settlement loss		(5,703	)		—		Note 1
Actuarial losses		(2,597	)		(3,159	)	Note 1
Total before tax		(8,381	)		(3,253	)	Total before tax
Tax benefit		2,116			1,252		Tax benefit
Total net of tax		(6,265	)		(2,001	)	Net of tax
Total reclassifications	$	(6,688	)	$	(2,795	)	Net of tax

Note 1:

These items are included in the computation of net periodic pension cost and are reported in the other components of net periodic pension and postretirement benefits credit line item on the Condensed Consolidated Statements of Operations. See Note 18, Postretirement Plans, of Notes to Condensed Consolidated Financial Statements of this Form 10-Q 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 twenty-eight weeks ended July 14, 2018, 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 30, 2017	$	(6,483	)	$	(78,076	)	$	(84,559	)
Other comprehensive income before reclassifications		1,661			12,756			14,417
Reclassified to earnings from AOCI		423			6,265			6,688
Reclassified to retained earnings from AOCI		(1,709	)		(17,097	)		(18,806	)
AOCI at July 14, 2018	$	(6,108	)	$	(76,152	)	$	(82,260	)

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	)

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 14, 2018			July 15, 2017
Gross loss reclassified from AOCI into income	$	488		$	1,214
Tax benefit		(123	)		(467	)
Net of tax	$	365		$	747