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STOCKHOLDERS' EQUITY (Tables)
 3 Months Ended
Apr. 01, 2018
Equity [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Loss
The following tables provide information regarding the changes in accumulated other comprehensive income (loss):
 
Thirteen Weeks Ended April 1, 2018(a)
 
Gains Related to Foreign Currency Translation
 
Unrealized Losses on Derivative Financial Instruments Classified as Cash Flow Hedges
 
Losses Related to Pension and Other Postretirement Benefits
 
Unrealized Holding Gains on Available-for-Sale Securities
 
Total
 
(In thousands)
Balance, beginning of period
$
42,081

 
$
(1,848
)
 
$
(71,434
)
 
$
61

 
$
(31,140
)
Other comprehensive income before
     reclassifications
52,528

 
1

 
4,465

 
283

 
57,277

Amounts reclassified from accumulated other
comprehensive income (loss) to net income
—

 
250

 
228

 
(130
)
 
348

Currency translation
—

 
(16
)
 
—

 
—

 
(16
)
Net current period other comprehensive income
52,528

 
235

 
4,693

 
153

 
57,609

Balance, end of period
$
94,609

 
$
(1,613
)
 
$
(66,741
)
 
$
214

 
$
26,469

 
Thirteen Weeks Ended March 26, 2017(a)
 
Losses Related to Foreign Currency Translation
 
Unrealized Gains on Derivative Financial Instruments Classified as Cash Flow Hedges
 
Losses Related to Pension and Other Postretirement Benefits
 
Unrealized Holding Gains on Available-for-Sale Securities
 
Total
 
(In thousands)
Balance, beginning of period
$
(265,714
)
 
$
99

 
$
(64,243
)
 
$
—

 
$
(329,858
)
Other comprehensive income before
     reclassifications
13,827

 
76

 
1,177

 
—

 
$
15,080

Amounts reclassified from accumulated other
comprehensive income (loss) to net income
—

 
49

 
145

 
—

 
$
194

Currency translation
—

 
2

 
—

 
—

 
2

Net current period other comprehensive income
13,827

 
127

 
1,322

 
—

 
15,276

Balance, end of period
$
(251,887
)
 
$
226

 
$
(62,921
)
 
$
—

 
$
(314,582
)
(a)
All amounts are net of tax. Amounts in parentheses indicate debits to accumulated other comprehensive income (loss).
Schedule of Reclassification from Accumulated Other Comprehensive Loss
 
 
Amounts Reclassified from Accumulated Other Comprehensive Loss(a)
 
 
Details about Accumulated Other Comprehensive Loss Components
 
Thirteen Weeks Ended
April 1, 2018
 
Thirteen Weeks Ended
March 26, 2017
 
Affected Line Item in the Condensed Consolidated and Combined Statements of Income
 
 
(In thousands)
 
 
Realized loss on settlement of derivative
     financial instruments classified as cash flow
     hedges
 
$
(250
)
 
$
(49
)
 
Cost of sales
Realized gain on sale of securities
 
172

 
—

 
Interest income
Amortization of defined benefit pension
     and other postretirement plan actuarial
     losses:
 
 
 
 
 
 
Union employees pension plan(b)(d)
 
(12
)
 
(6
)
 
Cost of sales
Legacy Gold Kist plans(c)(d)
 
(90
)
 
(71
)
 
Cost of sales
Legacy Gold Kist plans(c)(d)
 
(199
)
 
(156
)
 
Selling, general and administrative expense
Total before tax
 
(379
)
 
(282
)
 
 
Tax benefit
 
31

 
88

 
 
Total reclassification for the period
 
$
(348
)
 
$
(194
)
 
 

(a)
Amounts in parentheses represent debits to results of operations.
(b)
The Company sponsors the Union Plan, a qualified defined benefit pension plan covering certain locations or work groups with collective bargaining agreements.
(c)
The Company sponsors the GK Pension Plan, a qualified defined benefit pension plan covering certain eligible U.S. employees who were employed at locations that the Company purchased through its acquisition of Gold Kist in 2007, the SERP Plan, a nonqualified defined benefit retirement plan covering certain former Gold Kist executives, the Directors’ Emeriti Plan, a nonqualified defined benefit retirement plan covering certain former Gold Kist directors and the Retiree Life Plan, a defined benefit postretirement life insurance plan covering certain retired Gold Kist employees (collectively, the “Legacy Gold Kist Plans”).
(d)
These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See “Note 14. Pension and Other Postretirement Benefits” to the Condensed Consolidated and Combined Financial Statements.