FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 26, 2017

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:

	March 26, 2017
	Level 1			Level 2		Level 3		Total
	(In thousands)
Fair value assets:
Commodity futures instruments	$	3,978		$	—	$	—	$	3,978
Fair value liabilities:
Commodity futures instruments	(3,321		)	—		—		(3,321		)
Commodity options instruments	(913		)	—		—		(913		)
Foreign currency instruments	(605		)	—		—		(605		)

	December 25, 2016
	Level 1			Level 2		Level 3		Total
	(In thousands)
Fair value assets:
Commodity futures instruments	$	5,341		$	—	$	—	$	5,341
Commodity options instruments	98			—		—		98
Fair value liabilities:
Commodity futures instruments	(4,063		)	—		—		(4,063		)
Commodity option instruments	(2,764		)	—		—		(2,764		)

Schedule of Fair Value and Carrying Value of Debt Obligations

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

	March 26, 2017						December 25, 2016
	Carrying Amount			Fair Value			Carrying Amount			Fair Value
				(In thousands)
Fixed-rate senior notes payable at 5.75%, at Level 1 inputs	$	(500,000	)	$	(510,250	)	$	(500,000	)	$	(503,395	)