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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 27, 2015
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:
 
 
December 27, 2015
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(In thousands)
Derivative assets - commodity futures instruments
 
$
59

 
$
—

 
$
—

 
$
59

Derivative assets - commodity options instruments
 
1,618

 
—

 
—

 
1,618

Derivative liabilities - commodity futures instruments
 
(5,436
)
 
—

 
—

 
(5,436
)
Fixed-rate senior notes payable at 5.75%
 
(488,750
)
 
—

 
—

 
(488,750
)
Schedule of Carrying Amounts and Estimated Fair Values of Financial Assets and Liabilities
The carrying amounts and estimated fair values of financial assets and liabilities recorded in the Consolidated Balance Sheets consisted of the following:
 
 
December 27, 2015
 
December 28, 2014
 
 
 
 
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
 
Fair
Value
 
Note Reference
 
 
 
 
(In thousands)
 
 
 
 
Derivative assets - commodity futures instruments
 
$
59

 
$
59

 
$
8,416

 
$
8,416

 
7
Derivative assets - commodity options instruments
 
1,618

 
1,618

 
—

 
—

 
7
Derivative assets - foreign currency futures instruments
 
—

 
—

 
2,563

 
2,563

 
7
Derivative liabilities - commodity futures instruments
 
(5,436
)
 
(5,436
)
 
(8,580
)
 
(8,580
)
 
7
Derivative liabilities - commodity options instruments
 
—

 
—

 
(14,103
)
 
(14,103
)
 
7
Fixed-rate senior notes payable at 5.75%
 
(500,000
)
 
(488,750
)
 
—

 
—

 
11