FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 24, 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:

	September 24, 2017
	Level 1			Total
	(In thousands)
Fair value assets:
Commodity futures instruments	$	2,168		$	2,168
Commodity options instruments	1,200			1,200
Foreign currency instruments	586			586
Fair value liabilities:
Commodity futures instruments	(1,587		)	(1,587		)
Commodity options instruments	(2,196		)	(2,196		)
Foreign currency instruments	(387		)	(387		)

	December 25, 2016
	Level 1			Total
	(In thousands)
Fair value assets:
Commodity futures instruments	$	5,341		$	5,341
Commodity options instruments	98			98
Foreign currency instruments	516			516
Fair value liabilities:
Commodity futures instruments	(4,063		)	(4,063		)
Commodity option instruments	(2,764		)	(2,764		)
Foreign currency instruments	(153		)	(153		)

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 24, 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	)	$	(521,250	)	$	(500,000	)	$	(503,395	)
Fixed-rate senior notes payable at 6.25%, at Level 1 inputs	(401,983		)	(415,622		)	(369,736		)	(389,709		)
Chattels Mortgages, at Level 3 inputs	(1,015		)	(989		)	(1,432		)	(1,379		)