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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 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:
 
December 31, 2017
 
December 25, 2016
 
(Fair values in thousands)
Fair values:
 
 
 
Commodity derivative assets
$
722

 
$
5,439

Commodity derivative liabilities
(3,847
)
 
(6,827
)
Foreign currency derivative assets
45

 
516

Foreign currency derivative liabilities
(211
)
 
(153
)
Cash collateral posted with brokers
8,021

 
4,979

Derivatives Coverage(a):
 
 
 
Corn
3.1
%
 
2.3
%
Soybean meal
1.7
%
 
0.3
%
Period through which stated percent of needs are covered:
 
 
 
Corn
March 2019

 
September 2018

Soybean meal
December 2018

 
July 2017

(a)
Derivatives coverage is the percent of anticipated corn and soybean meal 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)
 
 
December 31, 2017
 
December 25, 2016
 
December 27, 2015
 
(In thousands)
Foreign currency derivatives gain (loss)
 
$
(60
)
 
$
152

 
$
55

Total
 
$
(60
)
 
$
152

 
$
55

 
 
 
 
 
 
 
 
 
Net Realized Gain (Loss) Recognized in Income on Derivative (Ineffective Portion)
 
 
December 31, 2017
 
December 25, 2016
 
December 27, 2015
 
(In thousands)
Foreign currency derivatives
 
$

 
$

 
$

Total
 
$

 
$

 
$

 
 
 
 
 
 
 
 
 
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
 
 
December 31, 2017
 
December 25, 2016
 
December 27, 2015
 
(In thousands)
Foreign currency derivatives gain (loss)
 
$
639

 
$
(310
)
 
$
5

Total
 
$
639

 
$
(310
)
 
$
5