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

6 Months Ended

Jul. 11, 2020

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Summary of Reclassifications Out of AOCI

During the twelve and twenty-eight weeks ended July 11, 2020 and July 13, 2019, 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 11, 2020			July 13, 2019			Where Net Income is Presented
Gains and losses on cash flow hedges:
Interest rate contracts	$	(33	)	$	(33	)	Interest expense
Commodity contracts		(852	)		1,298		Cost of sales, Note 3
Total before tax		(885	)		1,265		Total before tax
Tax benefit (expense)		221			(320	)	Income tax expense
Total net of tax		(664	)		945		Net of tax
Amortization of defined benefit pension items:
Prior-service costs		(12	)		(80	)	Note 1
Actuarial losses		(57	)		(1,575	)	Note 1
Total before tax		(69	)		(1,655	)	Total before tax
Tax benefit		17			418		Income tax expense
Total net of tax		(52	)		(1,237	)	Net of tax
Total reclassifications	$	(716	)	$	(292	)	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 11, 2020			July 13, 2019			Where Net Income is Presented
Gains and losses on cash flow hedges:
Interest rate contracts	$	(77	)	$	(77	)	Interest expense
Commodity contracts		(1,355	)		4,255		Cost of sales, Note 3
Total before tax		(1,432	)		4,178		Total before tax
Tax benefit (expense)		357			(1,055	)	Income tax expense
Total net of tax		(1,075	)		3,123		Net of tax
Amortization of defined benefit pension items:
Prior-service credits		(86	)		(186	)	Note 1
Settlement loss		(116,207	)		—		Note 1
Actuarial losses		(1,332	)		(3,673	)	Note 1
Total before tax		(117,625	)		(3,859	)	Total before tax
Tax benefit		29,700			974		Income tax expense
Total net of tax		(87,925	)		(2,885	)	Net of tax
Total reclassifications	$	(89,000	)	$	238		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.  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 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 11, 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 (loss) income before reclassifications		(7,207	)		15,693			8,486
Reclassified to earnings from AOCI		1,075			87,925			89,000
AOCI at July 11, 2020	$	(4,474	)	$	(4,060	)	$	(8,534	)

During the twenty-eight weeks ended July 13, 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 income before reclassifications		2,547			—			2,547
Reclassified to earnings from AOCI		(3,123	)		2,885			(238	)
AOCI at July 13, 2019	$	(4,711	)	$	(102,151	)	$	(106,862	)

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 Twenty-Eight Weeks Ended
	July 11, 2020			July 13, 2019
Gross (loss) gain reclassified from AOCI into net    income	$	(1,355	)	$	4,255
Tax expense		339			(1,074	)
Net of tax	$	(1,016	)	$	3,181