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Other Comprehensive Income
 9 Months Ended
Sep. 28, 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 nine months ended September 28, 2013 and September 29, 2012 are as follows (in thousands):

 
Three Months Ended
 
Before-Tax
Tax (Expense)
Net-of-Tax
 
Amount
or Benefit
Amount
 
September 28, 2013
September 29, 2012
September 28, 2013
September 29, 2012
September 28, 2013
September 29, 2012
Defined benefit pension plans
 
 
 
 
 
 
Amortization of prior service cost
$
15

$
23

$
(6
)
$
(9
)
$
9

$
14

Amortization of actuarial loss
1,300

1,189

(503
)
(461
)
797

728

Total defined benefit pension plans
1,315

1,212

(509
)
(470
)
806

742

Natural gas swap derivatives
 
 
 
 
 
 
Loss/(gain) reclassified to net income
95

259

(37
)
(101
)
58

158

Gain/(loss) activity recognized in other comprehensive income (loss)
(14
)
(123
)
5

48

(9
)
(75
)
Total natural gas swap derivatives
81

136

(32
)
(53
)
49

83

Corn option derivatives
 
 
 
 
 
 
Loss/(gain) reclassified to net income
(2,155
)
—

835

—

(1,320
)
—

Gain/(loss) activity recognized in other comprehensive income (loss)
2,676

—

(1,031
)
—

1,645

—

Total corn option derivatives
521

—

(196
)
—

325

—

Interest rate swap derivatives
 
 
 
 
 
 
Loss reclassified to net income
—

—

—

—

—

—

 
 
 
 
 
 
 
Other comprehensive income (loss)
$
1,917

$
1,348

$
(737
)
$
(523
)
$
1,180

$
825




 
Nine Months Ended
 
Before-Tax
Tax (Expense)
Net-of-Tax
 
Amount
or Benefit
Amount
 
September 28, 2013
September 29, 2012
September 28, 2013
September 29, 2012
September 28, 2013
September 29, 2012
Defined benefit pension plans
 
 
 
 
 
 
Amortization of prior service cost
$
45

$
67

$
(18
)
$
(25
)
$
27

$
42

Amortization of actuarial loss
3,900

3,567

(1,511
)
(1,383
)
2,389

2,184

Total defined benefit pension plans
3,945

3,634

(1,529
)
(1,408
)
2,416

2,226

Natural gas swap derivatives
 
 
 
 
 
 
Loss/(gain) reclassified to net income
(92
)
1,267

35

(491
)
(57
)
776

Gain/(loss) activity recognized in other comprehensive income (loss)
73

(606
)
(28
)
234

45

(372
)
Total natural gas swap derivatives
(19
)
661

7

(257
)
(12
)
404

Corn option derivatives
 
 
 
 
 
 
Loss/(gain) reclassified to net income
(3,063
)
—

1,187

—

(1,876
)
—

Gain/(loss) activity recognized in other comprehensive income (loss)
5,717

—

(2,209
)
—

3,508

—

Total corn option derivatives
2,654

—

(1,022
)
—

1,632

—

Interest rate swap derivatives
 
 
 
 
 
 
Loss reclassified to net income
—

260

—

(101
)
—

159

 
 
 
 
 
 
 
Other Comprehensive income (loss)
$
6,580

$
4,555

$
(2,544
)
$
(1,766
)
$
4,036

$
2,789



The following table presents the amounts reclassified out of each component of other comprehensive income (loss), net of tax for the three and nine months ended September 28, 2013 and September 29, 2012 as follows (in thousands):

 
Three Months Ended
Nine Months Ended
 
 
September 28, 2013
September 29, 2012
September 28, 2013
September 29, 2012
Statement of Operations Classification
Derivative instruments
 
 
 
 
 
Natural gas swap derivatives
$
(95
)
$
(259
)
$
92

$
(1,267
)
Cost of sales and operating expenses
Corn option derivatives
2,155

—

3,063

—

Cost of sales and operating expenses
Interest rate swap derivatives
—

—

—

(260
)
Interest expense
 
2,060

(259
)
3,155

(1,527
)
Total before tax
 
(798
)
101

(1,222
)
592

Income taxes
 
1,262

(158
)
1,933

(935
)
Net of tax
Defined benefit pension plans
 
 
 
 
 
Amortization of prior service cost
$
(15
)
$
(23
)
$
(45
)
$
(67
)
(a)
Amortization of actuarial loss
(1,300
)
(1,189
)
(3,900
)
(3,567
)
(a)
 
(1,315
)
(1,212
)
(3,945
)
(3,634
)
Total before tax
 
509

470

1,529

1,408

Income taxes
 
(806
)
(742
)
(2,416
)
(2,226
)
Net of tax
Total reclassifications
$
456

$
(900
)
$
(483
)
$
(3,161
)
Net of tax

(a)
These items are included in the computation of net periodic pension cost. See Note 9 Employee Benefit Plans for additional information.

The following table presents changes in each component of accumulated comprehensive income (loss) as of September 28, 2013 as follows (in thousands):

 
 
Nine Months Ended September 28, 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
 
3,553

—

3,553

Amounts reclassified from accumulated other comprehensive income (loss)
 
(1,933
)
2,416

483

Net current-period other comprehensive income
 
1,620

2,416

4,036

Accumulated Other Comprehensive Income (loss) September 28, 2013, net of tax
 
$
1,800

$
(29,093
)
$
(27,293
)