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FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 28, 2015
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:
 
 
June 28, 2015
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(In thousands)
Derivative assets - commodity futures instruments
 
$
13,759

 
$
—

 
$
—

 
$
13,759

Derivative assets - commodity options instruments
 
6,642

 
—

 
—

 
6,642

Derivative liabilities - commodity futures instruments
 
(18,982
)
 
—

 
—

 
(18,982
)
Derivative liabilities - commodity options instruments
 
(2,136
)
 
—

 
—

 
(2,136
)
Derivative liabilities - foreign currency instruments
 
(87
)
 
—

 
—

 
(87
)
Fixed-rate senior notes payable at 5.75%
 
(506,250
)
 
—

 
—

 
(506,250
)
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 Condensed Consolidated Balance Sheets consisted of the following:
 
 
June 28, 2015
 
December 28, 2014
 
 
 
 
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
 
Fair
Value
 
Note Reference
 
 
 
 
(In thousands)
 
 
 
 
Derivative assets - commodity futures instruments
 
$
13,759

 
$
13,759

 
$
8,416

 
$
8,416

 
6
Derivative assets - commodity options instruments
 
6,642

 
6,642

 
—

 
—

 
6
Derivative assets - foreign currency instruments
 
—

 
—

 
2,563

 
2,563

 
6
Derivative liabilities - commodity futures instruments
 
(18,982
)
 
(18,982
)
 
(8,580
)
 
(8,580
)
 
6
Derivative liabilities - commodity options instruments
 
(2,136
)
 
(2,136
)
 
(14,103
)
 
(14,103
)
 
6
Derivative liabilities - foreign currency instruments
 
(87
)
 
(87
)
 
—

 
—

 
6
Fixed-rate senior notes payable
 
(500,000
)
 
(506,250
)
 
(3,633
)
 
(3,979
)
 
9