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

6 Months Ended

Jul. 17, 2021

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Summary of Reclassifications Out of AOCI

During the twelve and twenty-eight weeks ended July 17, 2021 and July 11, 2020, 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 17, 2021			July 11, 2020			Where Net Income is Presented
Derivative instruments:
Interest rate contracts	$	115		$	(33	)	Interest expense
Commodity contracts		677			(852	)	Cost of sales, Note 3
Total before tax		792			(885	)	Total before tax
Tax (expense) benefit		(198	)		221		Income tax expense
Total net of tax		594			(664	)	Net of tax
Pension and postretirement plans:
Prior-service costs		(12	)		(12	)	Note 1
Actuarial losses		(123	)		(57	)	Note 1
Total before tax		(135	)		(69	)	Total before tax
Tax benefit		34			17		Income tax expense
Total net of tax		(101	)		(52	)	Net of tax
Total reclassifications	$	493		$	(716	)	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 17, 2021			July 11, 2020			Where Net Income is Presented
Derivative instruments:
Interest rate contracts	$	(104	)	$	(77	)	Interest expense
Commodity contracts		602			(1,355	)	Cost of sales, Note 3
Total before tax		498			(1,432	)	Total before tax
Tax (expense) benefit		(124	)		357		Income tax expense
Total net of tax		374			(1,075	)	Net of tax
Pension and postretirement plans:
Prior-service credits		(29	)		(86	)	Note 1
Settlement loss		—			(116,207	)	Note 1
Actuarial losses		(287	)		(1,332	)	Note 1
Total before tax		(316	)		(117,625	)	Total before tax
Tax benefit		79			29,700		Income tax expense
Total net of tax		(237	)		(87,925	)	Net of tax
Total reclassifications	$	137		$	(89,000	)	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) 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 17, 2021, 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 January 2, 2021	$	13,072		$	(6,648	)	$	6,424
Other comprehensive income before reclassifications		403			—			403
Reclassified to earnings from AOCI		(374	)		237			(137	)
AOCI at July 17, 2021	$	13,101		$	(6,411	)	$	6,690

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	)

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 17, 2021			July 11, 2020
Gross gain (loss) reclassified from AOCI into net    income	$	602		$	(1,355	)
Tax (expense) benefit		(150	)		339
Net of tax	$	452		$	(1,016	)