FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 25, 2016

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:

	September 25, 2016
	Level 1			Level 2		Level 3		Total
	(In thousands)
Fair value assets:
Commodity futures instruments	$	4,612		$	—	$	—	$	4,612
Commodity options instruments	931			—		—		931
Fair value liabilities:
Commodity futures instruments	(4,764		)	—		—		(4,764		)
Commodity options instruments	(8,549		)	—		—		(8,549		)

	December 27, 2015
	Level 1			Level 2		Level 3		Total
	(In thousands)
Fair value assets:
Commodity futures instruments	$	59		$	—	$	—	$	59
Commodity options instruments	1,618			—		—		1,618
Fair value liabilities:
Commodity futures instruments	(5,436		)	—		—		(5,436		)

Schedule of Fair Value and Carrying Value of Debt Obligations

Fair value and carrying value for our fixed-rate debt obligation is as follows:

	September 25, 2016						December 27, 2015
	Carrying Amount			Fair Value			Carrying Amount			Fair Value
				(In thousands)
Fixed-rate senior notes payable at 5.75%, at Level 1 inputs	$	(500,000	)	$	(515,000	)	$	(500,000	)	$	(488,750	)