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

4 Months Ended

Apr. 18, 2020

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Summary of Reclassifications Out of AOCI

During the sixteen weeks ended April 18, 2020 and April 20, 2019, reclassifications out of AOCI 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 18, 2020			April 20, 2019			Where Net Income is Presented
Gains and losses on cash flow hedges:
Interest rate contracts	$	(44	)	$	(44	)	Interest expense
Commodity contracts		(503	)		2,957		Cost of sales, Note 3
Total before tax		(547	)		2,913		Total before tax
Tax benefit (expense)		136			(735	)	Income tax expense (benefit)
Total net of tax		(411	)		2,178		Net of tax
Amortization of defined benefit pension items:
Prior-service costs		(74	)		(106	)	Note 1
Settlement loss and curtailment loss		(116,207	)		—		Note 1
Actuarial losses		(1,275	)		(2,099	)	Note 1
Total before tax		(117,556	)		(2,205	)	Total before tax
Tax benefit		29,683			557		Income tax expense (benefit)
Total net of tax		(87,873	)		(1,648	)	Net of tax
Total reclassifications	$	(88,284	)	$	530		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 expense line item on the Condensed Consolidated Statements of Income (Loss).  See Note 17, 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.

Note 3: Amounts are presented as an adjustment to reconcile net (loss) 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 sixteen weeks ended April 18, 2020, changes to AOCI, net of income tax, by component were as follows (amounts in thousands and parentheses denote a debit balance):

	Cash Flow Hedge Items			Defined Benefit Pension Plan Items			Total
AOCI at December 28, 2019	$	1,658		$	(107,678	)	$	(106,020	)
Other comprehensive income (loss) before reclassifications		(3,849	)		15,693			11,844
Reclassified to earnings from AOCI		411			87,873			88,284
AOCI at April 18, 2020	$	(1,780	)	$	(4,112	)	$	(5,892	)

During the sixteen weeks ended April 20, 2019, changes to AOCI, net of income tax, by component were as follows (amounts in thousands and parentheses denote a debit balance):

	Cash Flow Hedge Items			Defined Benefit Pension Plan Items			Total
AOCI at December 29, 2018	$	(4,135	)	$	(105,036	)	$	(109,171	)
Other comprehensive loss before reclassifications		(9,593	)		—			(9,593	)
Reclassified to earnings from AOCI		(2,178	)		1,648			(530	)
AOCI at April 20, 2019	$	(15,906	)	$	(103,388	)	$	(119,294	)

Gain (Loss) Reclassified From AOCI for Commodity Contracts

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

	For the Sixteen Weeks Ended
	April 18, 2020			April 20, 2019
Gross (loss) gain reclassified from AOCI into net income	$	(503	)	$	2,957
Tax expense (benefit)		126			(747	)
Net of tax	$	(377	)	$	2,210