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

9 Months Ended

Oct. 09, 2021

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Summary of Reclassifications Out of AOCI

During the twelve and forty weeks ended October 9, 2021 and October 3, 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)	October 9, 2021			October 3, 2020			Where Net Income is Presented
Derivative instruments:
Interest rate contracts	$	115		$	(33	)	Interest expense
Commodity contracts		453			(869	)	Cost of sales, Note 3
Total before tax		568			(902	)	Total before tax
Tax (expense) benefit		(142	)		225		Income tax expense
Total net of tax		426			(677	)	Net of tax
Pension and postretirement plans:
Prior-service costs		(12	)		(12	)	Note 1
Settlement gain		—			7,153		Note 1
Actuarial losses		(122	)		(57	)	Note 1
Total before tax		(134	)		7,084		Total before tax
Tax benefit		33			(1,771	)	Income tax expense
Total net of tax		(101	)		5,313		Net of tax
Total reclassifications	$	325		$	4,636		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 9, 2021			October 3, 2020			Where Net Income is Presented
Derivative instruments:
Interest rate contracts	$	11		$	(110	)	Interest expense
Commodity contracts		1,055			(2,224	)	Cost of sales, Note 3
Total before tax		1,066			(2,334	)	Total before tax
Tax (expense) benefit		(266	)		582		Income tax expense
Total net of tax		800			(1,752	)	Net of tax
Pension and postretirement plans:
Prior-service costs		(41	)		(98	)	Note 1
Settlement loss		—			(109,054	)	Note 1
Actuarial losses		(409	)		(1,389	)	Note 1
Total before tax		(450	)		(110,541	)	Total before tax
Tax benefit		112			27,929		Income tax expense
Total net of tax		(338	)		(82,612	)	Net of tax
Total reclassifications	$	462		$	(84,364	)	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 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 forty weeks ended October 9, 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 loss before reclassifications		(3,215	)		—			(3,215	)
Reclassified to earnings from AOCI		(800	)		338			(462	)
AOCI at October 9, 2021	$	9,057		$	(6,310	)	$	2,747

During the forty weeks ended October 3, 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 before reclassifications		2,202		21,058			23,260
Reclassified to earnings from AOCI		1,752		82,612			84,364
AOCI at October 3, 2020	$	5,612	$	(4,008	)	$	1,604

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 Forty Weeks Ended
	October 9, 2021			October 3, 2020
Gross gain (loss) reclassified from AOCI into net    income	$	1,055		$	(2,224	)
Tax (expense) benefit		(263	)		556
Net of tax	$	792		$	(1,668	)