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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 28, 2014
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured on a Recurring Basis
The following items were measured at fair value on a recurring basis:
 
 
December 28, 2014
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(In thousands)
Derivative assets - commodity futures instruments
 
$
8,416

 
$
—

 
$
—

 
$
8,416

Derivative assets - foreign currency futures instruments
 
2,563

 
—

 
—

 
2,563

Deferred compensation plan assets
 
6,753

 
—

 
—

 
6,753

Derivative liabilities - commodity futures instruments
 
(8,580
)
 
—

 
—

 
(8,580
)
Derivative liabilities - commodity options instruments
 
(14,103
)
 
—

 
—

 
(14,103
)
Long-term debt and other borrowing arrangements:
 
 
 
 
 
 
 
 
Public bonds and notes
 
(3,979
)
 
—

 
—

 
(3,979
)
Capitalized lease obligations
 
—

 
—

 
(587
)
 
(587
)
 
 
December 29, 2013
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(In thousands)
Short-term investments in available-for-sale securities
 
$
—

 
$
96,902

 
$
—

 
$
96,902

Derivative assets - commodity futures instruments
 
1,494

 
—

 
—

 
1,494

Derivative assets - commodity options instruments
 
—

 
1,395

 
—

 
1,395

Derivative assets - foreign currency futures instruments
 
1,214

 
—

 
—

 
1,214

Deferred compensation plan assets
 
7,208

 
—

 
—

 
7,208

Derivative liabilities - commodity futures instruments
 
(1,728
)
 
—

 
—

 
(1,728
)
Long-term debt and other borrowing arrangements:
 
 
 
 
 
 
 
 
Public bonds and notes
 
(552,592
)
 
—

 
—

 
(552,592
)
Term notes and revolver
 
—

 
—

 
(424,650
)
 
(424,650
)
Capitalized lease obligations
 
—

 
—

 
(704
)
 
(704
)
 
 
Term Notes and Revolver
 
Capitalized Lease Obligations
 
 
2014
 
2013
 
2014
 
2013
Change in Value of Level 3 Liabilities:
 
(In thousands)
Balance, beginning of period
 
$
(424,650
)
 
$
(686,435
)
 
$
(704
)
 
$
(880
)
Borrowings
 
—

 
(509,500
)
 
—

 
—

Payments
 
410,099

 
762,091

 
135

 
124

Change in fair value inputs
 
14,551

 
9,194

 
(18
)
 
52

Balance, end of period
 
$
—

 
$
(424,650
)
 
$
(587
)
 
$
(704
)
Schedule of Carrying Amounts and Estimated Fair Values of Financial Assets and Liabilities
The carrying amounts and estimated fair values of financial assets and liabilities recorded in the Consolidated Balance Sheets consisted of the following:
 
 
December 28, 2014
 
December 29, 2013
 
 
 
 
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
 
Fair
Value
 
Note Reference
 
 
 
 
(In thousands)
 
 
 
 
Short-term investments in available-for-sale securities
 
$
—

 
$
—

 
$
96,902

 
$
96,902

 
5
Derivative assets - commodity futures instruments
 
8,416

 
8,416

 
1,494

 
1,494

 
6
Derivative assets - commodity options instruments
 
—

 
—

 
1,395

 
1,395

 
6
Derivative assets - foreign currency futures instruments
 
2,563

 
2,563

 
1,214

 
1,214

 
6
Deferred compensation plan assets
 
6,753

 
6,753

 
7,208

 
7,208

 
 
Derivative liabilities - commodity futures instruments
 
(8,580
)
 
(8,580
)
 
(1,728
)
 
(1,728
)
 
6
Derivative liabilities - commodity options instruments
 
(14,103
)
 
(14,103
)
 
—

 
—

 
6
Long-term debt and other borrowing arrangements
 
(4,242
)
 
(4,566
)
 
(912,233
)
 
(977,946
)
 
10