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STOCKHOLDERS' EQUITY (Tables)
 9 Months Ended
Sep. 29, 2019
Equity [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Loss
The following tables provide information regarding the changes in accumulated other comprehensive loss:
 
Thirty-Nine Weeks Ended September 29, 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 Gains 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
(50,824
)
 
(1,257
)
 
(6,962
)
 
383

 
(58,660
)
Amounts reclassified from accumulated other
comprehensive income (loss) to net income
—

 
74

 
745

 
(353
)
 
466

Currency translation
—

 
(12
)
 
—

 
—

 
(12
)
Net current period other comprehensive income
     (loss)
(50,824
)
 
(1,195
)
 
(6,217
)
 
30

 
(58,206
)
     Balance, end of period
$
(106,594
)
 
$
(1,878
)
 
$
(77,680
)
 
$
112

 
$
(186,040
)
 
Thirty-Nine Weeks Ended September 30, 2018(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 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
(58,892
)
 
33

 
5,415

 
985

 
(52,459
)
Amounts reclassified from accumulated other
comprehensive income (loss) to net income
—

 
329

 
683

 
(956
)
 
56

Currency translation
—

 
(5
)
 
—

 
—

 
(5
)
Net current period other comprehensive income
     (loss)
(58,892
)
 
357

 
6,098

 
29

 
(52,408
)
     Balance, end of period
$
(16,811
)
 
$
(1,491
)
 
$
(65,336
)
 
$
90

 
$
(83,548
)
(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
 
Thirty-Nine Weeks Ended
September 29, 2019
 
Thirty-Nine Weeks Ended
September 30, 2018
 
Affected Line Item in the Condensed Consolidated Statements of Income
 
 
(In thousands)
 
 
Realized loss on derivative financial
instruments classified as cash flow hedges
 
$
(74
)
 
$
(329
)
 
Cost of sales
Realized gain on sale of securities
 
466

 
1,263

 
Interest income
Amortization of defined benefit pension and other
postretirement plan actuarial losses:
 
 
 
 
 
 
Union employees pension plan(b)(d)
 
(54
)
 
(36
)
 
Miscellaneous, net
Legacy GK plans-production employees(c)(d)
 
(290
)
 
(270
)
 
Miscellaneous, net
Legacy GK plans-administrative employees(c)(d)
 
(640
)
 
(596
)
 
Miscellaneous, net
          Total before tax
 
(592
)
 
32

 
 
Tax benefit (expense)
 
126

 
(88
)
 
 
          Total reclassification for the period
 
$
(466
)
 
$
(56
)
 
 

(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 GK 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.