FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 25, 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:

	June 25, 2017
	Level 1			Total
	(In thousands)
Fair value assets:
Commodity futures instruments	$	3,855		$	3,855
Commodity options instruments	9			9
Fair value liabilities:
Commodity futures instruments	(8,717		)	(8,717		)
Commodity options instruments	(3,019		)	(3,019		)
Foreign currency instruments	(186		)	(186		)

	December 25, 2016
	Level 1			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:

	June 25, 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	)	$	(504,005	)	$	(500,000	)	$	(503,395	)