FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 27, 2021

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured on a Recurring Basis

The following items were measured at fair value on a recurring basis:

	June 27, 2021					December 27, 2020
	Level 1		Level 2	Total		Level 1		Level 2	Total
	(In thousands)
Assets:
Commodity derivative assets	$	28,838	—	$	28,838	$	24,059	—	$	24,059
Foreign currency derivative assets	2,957		—	2,957		2,204		—	2,204
Liabilities:
Commodity derivative liabilities	(86,806)		—	(86,806)		(6,531)		—	(6,531)
Foreign currency derivative liabilities	(135)		—	(135)		(428)		—	(428)
Interest rate swap derivative liabilities	—		(478)	(478)		—		(640)	(640)
Sales contract derivative liabilities	—		5,133	5,133		—		—	—

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Schedule of Fair Value and Carrying Value of Debt Obligations

The carrying amounts and estimated fair values of our fixed-rate debt obligation recorded in the Condensed Consolidated Balance Sheets consisted of the following:

	June 27, 2021				December 27, 2020
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Fixed-rate senior notes payable at 5.75%, at Level 2 inputs	$	—	$	—	$	(1,001,693)	$	(1,024,510)
Fixed-rate senior notes payable at 5.875%, at Level 2 inputs	(845,508)		(907,732)		(845,149)		(911,957)
Fixed-rate senior notes payable at 4.25%, at Level 2 inputs	(990,190)		(1,036,250)		—		—
Secured loans, at Level 3 inputs	(23)		(23)		(38)		(38)