XML 54 R38.htm IDEA: XBRL DOCUMENT v3.3.1.900
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 27, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Outstanding Derivative Instruments and Cash Collateral
Information regarding the Company's outstanding derivative instruments and cash collateral posted with (owed to) brokers is included in the following table:
 
December 27, 2015
 
December 28, 2014
 
(Fair values in thousands)
Fair values:
 
 
 
Commodity derivative assets
$
1,677

 
$
8,416

Commodity derivative liabilities
(5,436
)
 
(22,683
)
Foreign currency derivative assets

 
2,563

Cash collateral posted with brokers
9,381

 
25,205

Derivatives Coverage(a):
 
 
 
Corn
7.0
%
 
(8.2
)%
Soybean meal
4.1
%
 
(16.1
)%
Period through which stated percent of needs are covered:
 
 
 
Corn
March 2017

 
September 2016

Soybean meal
July 2016

 
July 2015

(a)
Derivatives coverage is the percent of anticipated corn and soybean meal needs covered by outstanding derivative instruments through a specified date.