STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 29, 2020

Schedule of Changes in Accumulated Other Comprehensive Loss

The following tables provide information regarding the changes in accumulated other comprehensive loss:


	Three Months Ended March 29, 2020^(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	$	(1,108)	$	(2,406)	$	(71,615)	$	—	$	(75,129)

Other comprehensive income (loss) before reclassifications	(96,765)		4,123		(8,105)		9		(100,738)
Amounts reclassified from accumulated other comprehensive loss to net income	—		742		283		—		1,025
Currency translation	—		(75)		—		—		(75)
Net current period other comprehensive loss	(96,765)		4,790		(7,822)		9		(99,788)
Balance, end of period	$	(97,873)	$	2,384	$	(79,437)	$	9	$	(174,917)


	Three Months Ended March 31, 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 before reclassifications	37,442		(915)		2,421		17		$	38,965
Amounts reclassified from accumulated other comprehensive income (loss) to net income	—		(221)		248		(101)		$	(74)
Currency translation	—		17		—		—		17
Net current period other comprehensive income	37,442		(1,119)		2,669		(84)		38,908
Balance, end of period	$	(18,328)	$	(1,802)	$	(68,794)	$	(2)	$	(88,926)

(a) All amounts are net of tax. Amounts in parentheses represent income (expenses) related to results of operations.

Schedule of Reclassification from Accumulated Other Comprehensive Loss


	Amount Reclassified from Accumulated Other Comprehensive Loss^(a)
Details about Accumulated Other Comprehensive Loss Components	Three Months Ended March 29, 2020		Three Months Ended March 31, 2019		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	$	(742)	$	221	Cost of sales
Realized gain on sale of securities	—		135		Interest income
Amortization of pension and other postretirement plan actuarial losses:
Union Plan^(b)	(24)		(18)		Miscellaneous, net
Legacy Gold Kist Plans^(b)(c)	(351)		(310)		Miscellaneous, net
Total before tax	(1,117)		28
Tax benefit	93		46
Total reclassification for the period	$	(1,024)	$	74

(a) Amounts in parentheses represent income (expenses) related to results of operations.

(b) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See “Note 15. Pension and Other Postretirement Benefits” to the Condensed Consolidated Financial Statements.

(c) The Company sponsors the GK Pension Plan, the SERP Plan, the Directors' Emeriti Plan and the Retiree Life Plan (collectively, the “Legacy Gold Kist Plans”).