STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 29, 2013

STOCKHOLDERS' EQUITY [Abstract]

Schedule of Weighted Average Shares

	As Originally Reported			As Adjusted			Effect of Change
	(In thousands, except per share data)
Weighted average basic shares outstanding		214,282			224,996			10,714
Weighted average diluted shares outstanding		214,282			224,996			10,714
Net loss per weighted average basic share	$	(2.32	)	$	(2.21	)	$	0.11
Net loss per weighted average diluted share	$	(2.32	)	$	(2.21	)	$	0.11

Schedule of Changes in Unrealized Actuarial Losses

	2013								2012
	Losses Related to								Losses Related to
	Pension and Other			Unrealized Holding					Pension and Other
	Postretirement			Gains on Available-					Postretirement
	Benefits			for-Sale Securities		Total			Benefits
	(In thousands)
Balance, beginning of year	$	(68,511	)	$	-	$	(68,511	)	$	(46,070	)
Other comprehensive income (loss)
before reclassifications		21,713			62		21,775			(22,886	)
Amounts reclassified from accumulated
other comprehensive loss to net income		1,001			-		1,001			445
Net current year other comprehensive
income (loss)		22,714			62		22,776			(22,441	)
Balance, end of year	$	(45,797	)	$	62		(45,735	)	$	(68,511	)

(a) All amounts are net of tax. Amounts in parentheses indicate debits.

Schedule of Reclassification from Accumulated Other Comprehensive Loss

	Amount Reclassified from Accumulated
	Other Comprehensive Loss(a)
Details about Accumulated Other Comprehensive								Affected Line Item in the Consolidated
Loss Components	2013			2012				Statements of Operations
	(In thousands)
Realized gain on sale of securities	$	-		$	18			Selling, general and administrative expense
Amortization of pension and other
postretirement plan actuarial losses:
Union employees pension plan(b)		(36	)	$	(64	)	(d)	Cost of goods sold
Legacy Gold Kist plans(c)		(965	)		(399	)	(d)	Selling, general and administrative expense
Total before tax		(1,001	)		(445	)
Tax benefit (expense)		-			-
Total reclassification for the period	$	(1,001	)	$	(445	)

(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 12. Pension and Other Postretirement Benefits" to the Consolidated Financial Statements.