DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 30, 2018

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



	December 30, 2018			December 31, 2017
	(Fair values in thousands)
Fair values:
Commodity derivative assets	$	2,263		$	722
Commodity derivative liabilities	(4,791		)	(3,847		)
Foreign currency derivative assets	1,311			45
Foreign currency derivative liabilities	(6,649		)	(211		)
Cash collateral posted with brokers ^(a)	23,192			8,021
Derivatives Coverage^(b):
Corn	6.0		%	3.1		%
Soybean meal	6.0		%	1.7		%
Period through which stated percent of needs are covered:
Corn	March 2020			March 2019
Soybean meal	December 2019			December 2018


(a)	Collateral posted with brokers consists primarily of cash, short term treasury bills, or other cash equivalents.


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

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 30, 2018			December 31, 2017		December 25, 2016
	(In thousands)
Foreign currency derivatives		$	829		$	60	$	(152	)
Total		$	829		$	60	$	(152	)

		Net Realized Gain (Loss) Recognized in Income on Derivative (Ineffective Portion)
		December 30, 2018			December 31, 2017		December 25, 2016
	(In thousands)
Foreign currency derivatives		$	—		$	—	$	—
Total		$	—		$	—	$	—

		Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
		December 30, 2018			December 31, 2017		December 25, 2016
	(In thousands)
Foreign currency derivatives		$	(348	)	$	639	$	(310	)
Total		$	(348	)	$	639	$	(310	)