XML 64 R48.htm IDEA: XBRL DOCUMENT v3.10.0.1
STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 30, 2018
Equity [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Loss
 The following tables provide information regarding the changes in accumulated other comprehensive loss during 2018 and 2017:
 
2018(a)
 
Losses Related to Foreign Currency Translation
 
Unrealized Gains (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 year
$
42,081

 
$
(1,848
)
 
$
(71,434
)
 
$
61

 
$
(31,140
)
Other comprehensive income (loss)
before reclassifications
(97,851
)
 
829

 
(939
)
 
867

 
(97,094
)
Amounts reclassified from
     accumulated other comprehensive
     loss to net income

 
348

 
910

 
(846
)
 
412

Impact of currency translation

 
(12
)
 

 

 
(12
)
Net current year other comprehensive income (loss)
(97,851
)
 
1,165

 
(29
)
 
21

 
(96,694
)
Balance, end of year
$
(55,770
)
 
$
(683
)
 
$
(71,463
)
 
$
82

 
$
(127,834
)
 
 
 
 
 
 
 
 
 
 
 
2017(a)
 
Losses Related to Foreign Currency Translation
 
Unrealized Gains (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 year
$
(265,714
)
 
$
99

 
$
(64,243
)
 
$

 
$
(329,858
)
     Granite-Holdings Sarl common-control
transaction
204,577

 
(1,368
)
 

 

 
203,209

Other comprehensive income (loss)
before reclassifications
103,218

 
60

 
(7,770
)
 
82

 
95,590

Amounts reclassified from accumulated
other comprehensive loss to net
income

 
(639
)
 
579

 
(21
)
 
(81
)
Net current year other comprehensive
income (loss)
103,218

 
(579
)
 
(7,191
)
 
61

 
95,509

Balance, end of year
$
42,081

 
$
(1,848
)
 
$
(71,434
)
 
$
61

 
$
(31,140
)
(a)
All amounts are net of tax. Amounts in parentheses indicate debits.
Schedule of Reclassification from Accumulated Other Comprehensive Loss
Details about Accumulated Other Comprehensive Loss Components
 
Amount Reclassified from Accumulated Other Comprehensive Loss(a)
 
Affected Line Item in the Consolidated and Combined Statements of Income
 
2018
 
2017
 
 
 
(In thousands)
 
 
Realized gain (loss) on settlement of
     derivative financial instruments
     classified as cash flow hedges
 
$
(348
)
 
$
639

 
Cost of sales
Realized gain on sale of securities
 
1,118

 
34

 
Interest income
Amortization of pension and other
postretirement plan actuarial losses:
 
 
 
 
 
 
Union employees pension plan(b)(d)
 
(49
)
 
(24
)
 
2018-Miscellaneous, net; 2017-Cost of sales
Legacy Gold Kist plans(c)(d)
 
(360
)
 
(283
)
 
2018-Miscellaneous, net; 2017-Cost of sales
Legacy Gold Kist plans(c)(d)
 
(794
)
 
(625
)
 
2018-Miscellaneous, net; 2017-SG&A expense
Total before tax
 
(433
)
 
(259
)
 
 
Tax expense
 
21

 
340

 
 
Total reclassification for the period
 
$
(412
)
 
$
81

 
 
(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 Consolidated and Combined Financial Statements.