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Other Comprehensive Income
 6 Months Ended
Jun. 29, 2013
Comprehensive Income [Abstract]  
Comprehensive Income
Other Comprehensive Income

The Company follows Financial Accounting Standards Board ("FASB") authoritative guidance for reporting and presentation of comprehensive income or loss and its components.  Other comprehensive income (loss) is derived from adjustments that reflect pension adjustments, natural gas derivative adjustments, corn option adjustments and interest rate swap derivative adjustments. The components of other comprehensive income (loss) and the related tax impacts for the three and six months ended June 29, 2013 and June 30, 2012 are as follows (in thousands):

 
Three Months Ended
 
Before-Tax
 
Tax (Expense)
 
Net-of-Tax
 
Amount
 
or Benefit
 
Amount
 
June 29, 2013
June 30, 2012
 
June 29, 2013
June 30, 2012
 
June 29, 2013
June 30, 2012
Defined benefit pension plans
 
 
 
 
 
 
 
 
Amortization of prior service cost
$
15

$
22

 
$
(6
)
$
(8
)
 
$
9

$
14

Amortization of actuarial loss
1,300

1,189

 
(504
)
(461
)
 
796

728

Total defined benefit pension plans
1,315

1,211

 
(510
)
(469
)
 
805

742

Natural gas swap derivatives
 
 
 
 
 
 
 
 
Loss/(gain) reclassified to net income
(244
)
295

 
94

(114
)
 
(150
)
181

Gain/(loss) activity recognized in other comprehensive income (loss)
(97
)
217

 
38

(84
)
 
(59
)
133

Total natural gas swap derivatives
(341
)
512

 
132

(198
)
 
(209
)
314

Corn option derivatives
 
 
 
 
 
 
 
 
Loss/(gain) reclassified to net income
(866
)
—

 
336

—

 
(530
)
—

Gain/(loss) activity recognized in other comprehensive income (loss)
1,450

—

 
(562
)
—

 
888

—

Total corn option derivatives
584

—

 
(226
)
—

 
358

—

Interest rate swap derivatives
 
 
 
 
 
 
 
 
Loss reclassified to net income
—

28

 
—

(11
)
 
—

17

 
 
 
 
 
 
 
 
 
Other comprehensive income (loss)
$
1,558

$
1,751

 
$
(604
)
$
(678
)
 
$
954

$
1,073




 
Six Months Ended
 
Before-Tax
 
Tax (Expense)
 
Net-of-Tax
 
Amount
 
or Benefit
 
Amount
 
June 29, 2013
June 30, 2012
 
June 29, 2013
June 30, 2012
 
June 29, 2013
June 30, 2012
Defined benefit pension plans
 
 
 
 
 
 
 
 
Amortization of prior service cost
$
30

$
44

 
$
(12
)
$
(16
)
 
$
18

$
28

Amortization of actuarial loss
2,600

2,378

 
(1,008
)
(922
)
 
1,592

1,456

Total defined benefit pension plans
2,630

2,422

 
(1,020
)
(938
)
 
1,610

1,484

Natural gas swap derivatives
 
 
 
 
 
 
 
 
Loss/(gain) reclassified to net income
(187
)
1,008

 
72

(390
)
 
(115
)
618

Gain/(loss) activity recognized in other comprehensive income (loss)
87

(483
)
 
(33
)
186

 
54

(297
)
Total natural gas swap derivatives
(100
)
525

 
39

(204
)
 
(61
)
321

Corn option derivatives
 
 
 
 
 
 
 
 
Loss/(gain) reclassified to net income
(908
)
—

 
352

—

 
(556
)
—

Gain/(loss) activity recognized in other comprehensive income (loss)
3,041

—

 
(1,178
)
—

 
1,863

—

Total corn option derivatives
2,133

—

 
(826
)
—

 
1,307

—

Interest rate swap derivatives
 
 
 
 
 
 
 
 
Loss reclassified to net income
—

260

 
—

(101
)
 
—

159

 
 
 
 
 
 
 
 
 
Other Comprehensive income (loss)
$
4,663

$
3,207

 
$
(1,807
)
$
(1,243
)
 
$
2,856

$
1,964



The following table presents the amounts reclassified out of each component of other comprehensive income (loss), net of tax for the three and six months ended June 29, 2013 and June 30, 2012 as follows (in thousands):

 
Three Months Ended
 
Six Months Ended
 
 
June 29, 2013
June 30, 2012
 
June 29, 2013
June 30, 2012
Statement of Operations Classification
Derivative instruments
 
 
 
 
 
 
Natural gas swap derivatives
$
244

$
(295
)
 
$
187

$
(1,008
)
Cost of sales and operating expenses
Corn option derivatives
866

—

 
908

—

Cost of sales and operating expenses
Interest rate swap derivatives
—

(28
)
 
—

(260
)
Interest expense
 
1,110

(323
)
 
1,095

(1,268
)
Total before tax
 
(430
)
125

 
(424
)
491

Income taxes
 
680

(198
)
 
671

(777
)
Net of tax
Defined benefit pension plans
 
 
 
 
 
 
Amortization of prior service cost
$
(15
)
$
(22
)
 
$
(30
)
$
(44
)
(a)
Amortization of actuarial loss
(1,300
)
(1,189
)
 
(2,600
)
(2,378
)
(a)
 
(1,315
)
(1,211
)
 
(2,630
)
(2,422
)
Total before tax
 
510

469

 
1,020

938

Income taxes
 
(805
)
(742
)
 
(1,610
)
(1,484
)
Net of tax
Total reclassifications
$
(125
)
$
(940
)
 
$
(939
)
$
(2,261
)
Net of tax

(a)
These items are included in the computation of net periodic pension cost. See Note 8 Employee Benefit Plans for additional information.

The following table presents changes in each component of accumulated comprehensive income (loss) as of June 29, 2013 as follows (in thousands):

 
 
Six Months Ended June 29, 2013
 
 
Derivative
Defined Benefit
 
 
 
Instruments
Pension Plans
Total
Accumulated Other Comprehensive Income (loss) December 29, 2012, net of tax
 
$
180

$
(31,509
)
$
(31,329
)
Other comprehensive gain before reclassifications
 
1,917

—

1,917

Amounts reclassified from accumulated other comprehensive income (loss)
 
(671
)
1,610

939

Net current-period other comprehensive income
 
1,246

1,610

2,856

Accumulated Other Comprehensive Income (loss) June 29, 2013, net of tax
 
$
1,426

$
(29,899
)
$
(28,473
)