DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 24, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Outstanding Derivative Instruments and Cash Collateral

Information regarding the Company’s outstanding derivative instruments and cash collateral posted with (owed to) brokers is included in the following table:

	September 24, 2017			December 25, 2016
	(Fair values in thousands)
Fair values:
Commodity derivative assets	$	3,368		$	5,439
Commodity derivative liabilities	(3,782		)	(6,827		)
Foreign currency derivative assets	586			516
Foreign currency derivative liabilities	(387		)	(153		)
Cash collateral posted with brokers	4,841			4,979
Derivatives coverage(a):
Corn	0.7		%	2.3		%
Soybean meal	0.2		%	0.3		%
Period through which stated percent of needs are covered:
Corn	September 2018			September 2018
Soybean meal	August 2018			July 2017

(a) Derivatives coverage is the percent of anticipated commodity needs covered by outstanding derivative instruments through a specified date.

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following tables present the components of the gain or loss on derivatives that qualify as cash flow hedges:

	Gain (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion)
	Thirteen Weeks Ended						Thirty-Nine Weeks Ended
	September 24, 2017			September 25, 2016			September 24, 2017			September 25, 2016
	(In thousands)
Foreign currency derivatives	$	(779	)	$	(220	)	$	(128	)	$	132
Total	$	(779	)	$	(220	)	$	(128	)	$	132
	Net Realized Gains (Losses) Recognized in Income on Derivative (Ineffective Portion)
	Thirteen Weeks Ended						Thirty-Nine Weeks Ended
	September 24, 2017			September 25, 2016			September 24, 2017			September 25, 2016
	(In thousands)
Foreign currency derivatives	$	—		$	—		$	—		$	—
Total	$	—		$	—		$	—		$	—
	Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
	Thirteen Weeks Ended						Thirty-Nine Weeks Ended
	September 24, 2017			September 25, 2016			September 24, 2017			September 25, 2016
	(In thousands)
Foreign currency derivatives	$	—		$	285		$	(9	)	$	35
Total	$	—		$	285		$	(9	)	$	35