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STOCKHOLDERS' EQUITY (Tables)
 6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Loss
The following tables provide information regarding the changes in accumulated other comprehensive loss:
 
Twenty-Six Weeks Ended June 30, 2019(a)
 
Losses 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 Losses on Available-for-Sale Securities
 
Total
 
(In thousands)
Balance, beginning of period
$
(55,770
)
 
$
(683
)
 
$
(71,463
)
 
$
82

 
$
(127,834
)
Other comprehensive income (loss) before
reclassifications
(611
)
 
388

 
(2,873
)
 
147

 
(2,949
)
Amounts reclassified from accumulated other
comprehensive income (loss) to net income
—

 
(173
)
 
496

 
(231
)
 
92

Currency translation
—

 
12

 
—

 
—

 
12

Net current period other comprehensive income
     (loss)
(611
)
 
227

 
(2,377
)
 
(84
)
 
(2,845
)
     Balance, end of period
$
(56,381
)
 
$
(456
)
 
$
(73,840
)
 
$
(2
)
 
$
(130,679
)
 
Twenty-Six Weeks Ended July 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 (loss) before
reclassifications
(38,507
)
 
(97
)
 
4,987

 
932

 
(32,685
)
Amounts reclassified from accumulated other
comprehensive income (loss) to net income
—

 
472

 
455

 
(680
)
 
247

Currency translation
—

 
(6
)
 
—

 
—

 
(6
)
Net current period other comprehensive income
     (loss)
(38,507
)
 
369

 
5,442

 
252

 
(32,444
)
     Balance, end of period
$
3,574

 
$
(1,479
)
 
$
(65,992
)
 
$
313

 
$
(63,584
)
(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
 
Twenty-Six Weeks Ended 
 June 30, 2019
 
Twenty-Six Weeks Ended 
 July 1, 2018
 
Affected Line Item in the Condensed Consolidated Statements of Income
 
 
(In thousands)
 
 
Realized gain (loss) on settlement of derivative
     financial instruments classified as cash flow
     hedges
 
$
173

 
$
(472
)
 
Cost of sales
Realized gain on sale of securities
 
307

 
899

 
Interest income
Amortization of defined benefit pension
     and other postretirement plan actuarial
     losses:
 
 
 
 
 
 
Union employees pension plan(b)(d)
 
(36
)
 
(24
)
 
Cost of sales
Legacy Gold Kist plans(c)(d)
 
(193
)
 
(180
)
 
Cost of sales
Legacy Gold Kist plans(c)(d)
 
(427
)
 
(397
)
 
Selling, general and administrative expense
          Total before tax
 
(176
)
 
(174
)
 
 
Tax benefit
 
84

 
(73
)
 
 
          Total reclassification for the period
 
$
(92
)
 
$
(247
)
 
 

(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 Financial Statements.