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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 24, 2012
Fair Value, Assets and Liabilities Measured On Recurring and Nonrecurring Basis [Abstract]  
Schedule Of Carrying Values and Estimated Fair Values Of Investments In Available For Sale Securities [Table Text Block]

 The asset (liability) amounts recorded in the Condensed Consolidated Balance Sheets (carrying amounts) and the estimated fair values of financial instruments at June24,2012and December25,2011consisted of the following:

June 24, 2012

December 25, 2011

Carrying

Fair

Carrying

Fair

Note

    

Amount

    

Value

    

Amount

    

Value

    

Reference

(In thousands)

Short-term investments in available-for-sale

       securities

$    

156

$    

156

$    

157

$    

157

6

Commodity derivative assets(a):

7

       Futures

5,123

5,123

2,870

2,870

       Options

2,348

2,348

Long-term investments in available-for-sale

 

 

       securities

474

474

497

497

6

Commodity derivative liabilities(b):

 

 

7

       Futures

 

(1,353

)

(1,353

)

 

(2,120

)

(2,120

)

       Options

 

 

(603

)

 

(603

)

Long-term debt and other borrowing

 

 

 

       arrangements(c)

(1,230,236

)

(1,261,818

)

(1,423,612

)

(1,421,517

)

10

Note payable to JBS USA

(50,000

)

(50,077

)

10,14

 

(a)

 

Commodity derivative assets are included in Prepaid expenses and other current assets on the Condensed Consolidated Balance Sheet.

(b)

 

Commodity derivative liabilities are included in Accrued expenses and other current liabilities on the Condensed Consolidated Balance Sheet.

(c)

     

The fair values of the Company’s long-term debt and other borrowing arrangements were estimated by calculating the net present value of future payments for each debt obligation or borrowing by: (i) using a risk-free rate applicable for an instrument with a life similar to the remaining life of each debt obligation or borrowing plus the current estimated credit risk spread for the Company or (ii) using the quoted market price at June24,2012or December25,2011, as applicable.

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

  The following items were measured at fair value on a recurring basis at June24,2012:

     

Level 1

Level 2

Level 3

Total

(In thousands)

Short-term investments in available-for-sale securities

$     

     

$     

156

     

$     

     

$     

156

Commodity derivative assets:

 

       Futures

5,123

5,123

       Options

2,348

2,348

Long-term investments in available-for-sale securities

474

474

Commodity derivative liabilities:

       Futures

(1,353

)

(1,353

)

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

  The following table presents activity for the twenty-six weeks ended June24,2012and June26,2011, respectively, related to the Company’s investment in a fund-of-funds asset that is measured at fair value on a recurring basis using Level3inputs:

Twenty-Six Weeks Ended

June 24, 2012

     

June 26, 2011

(In thousands)

Balance at beginning of period

$            

59

$      

1,190

Included in other comprehensive income

51

Sale of securities

(59

)

Balance at end of period

$

$

1,241