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Other Comprehensive Income
 9 Months Ended
Sep. 27, 2014
Equity [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 months ended September 27, 2014 and September 28, 2013 are as follows (in thousands):

 
Three Months Ended
 
Before-Tax
Tax (Expense)
Net-of-Tax
 
Amount
or Benefit
Amount
 
September 27, 2014
September 28, 2013
September 27, 2014
September 28, 2013
September 27, 2014
September 28, 2013
Defined benefit pension plans
 
 
 
 
 
 
Amortization of prior service cost
$
4

$
15

$
(2
)
$
(6
)
$
2

$
9

Amortization of actuarial loss
520

1,300

(201
)
(503
)
319

797

Total defined benefit pension plans
524

1,315

(203
)
(509
)
321

806

Natural gas swap derivatives
 
 
 
 
 
 
Loss/(gain) reclassified to net income
(70
)
95

27

(37
)
(43
)
58

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

(14
)
(2
)
5

3

(9
)
Total natural gas swap derivatives
(65
)
81

25

(32
)
(40
)
49

Corn option derivatives
 
 
 
 
 
 
Loss/(gain) reclassified to net income
(1,212
)
(2,155
)
470

835

(742
)
(1,320
)
Gain/(loss) activity recognized in other comprehensive income (loss)
2,538

2,676

(985
)
(1,031
)
1,553

1,645

Total corn option derivatives
1,326

521

(515
)
(196
)
811

325

 
 
 
 
 
 
 
Foreign currency translation
(71,231
)
—

—

—

(71,231
)
—

 
 
 
 
 
 
 
Other comprehensive income (loss)
$
(69,446
)
$
1,917

$
(693
)
$
(737
)
$
(70,139
)
$
1,180

 
Nine Months Ended
 
Before-Tax
Tax (Expense)
Net-of-Tax
 
Amount
or Benefit
Amount
 
September 27, 2014
September 28, 2013
September 27, 2014
September 28, 2013
September 27, 2014
September 28, 2013
Defined benefit pension plans
 
 
 
 
 
 
Amortization of prior service cost
$
12

$
45

$
(6
)
$
(18
)
$
6

$
27

Amortization of actuarial loss
1,559

3,900

(603
)
(1,511
)
956

2,389

Total defined benefit pension plans
1,571

3,945

(609
)
(1,529
)
962

2,416

Natural gas swap derivatives
 
 
 
 
 
 
Loss/(gain) reclassified to net income
(427
)
(92
)
166

35

(261
)
(57
)
Gain/(loss) activity recognized in other comprehensive income (loss)
160

73

(63
)
(28
)
97

45

Total natural gas swap derivatives
(267
)
(19
)
103

7

(164
)
(12
)
Corn option derivatives
 
 
 
 
 
 
Loss/(gain) reclassified to net income
(2,536
)
(3,063
)
983

1,187

(1,553
)
(1,876
)
Gain/(loss) activity recognized in other comprehensive income (loss)
2,265

5,717

(878
)
(2,209
)
1,387

3,508

Total corn option derivatives
(271
)
2,654

105

(1,022
)
(166
)
1,632

 
 
 
 
 
 
 
Foreign currency translation
(57,547
)
—

—

—

(57,547
)
—

 
 
 
 
 
 
 
Other Comprehensive income (loss)
$
(56,514
)
$
6,580

$
(401
)
$
(2,544
)
$
(56,915
)
$
4,036



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 months ended September 27, 2014 and September 28, 2013 as follows (in thousands):

 
Three Months Ended
Nine Months Ended
 
 
September 27, 2014
September 28, 2013
September 27, 2014
September 28, 2013
Statement of Operations Classification
Derivative instruments
 
 
 
 
 
Natural gas swap derivatives
$
70

$
(95
)
$
427

$
92

Cost of sales and operating expenses
Corn option derivatives
1,212

2,155

2,536

3,063

Cost of sales and operating expenses
 
1,282

2,060

2,963

3,155

Total before tax
 
(497
)
(798
)
(1,150
)
(1,222
)
Income taxes
 
785

1,262

1,813

1,933

Net of tax
Defined benefit pension plans
 
 
 
 
 
Amortization of prior service cost
$
(4
)
$
(15
)
$
(12
)
$
(45
)
(a)
Amortization of actuarial loss
(520
)
(1,300
)
(1,559
)
(3,900
)
(a)
 
(524
)
(1,315
)
(1,571
)
(3,945
)
Total before tax
 
203

509

609

1,529

Income taxes
 
(321
)
(806
)
(962
)
(2,416
)
Net of tax
Total reclassifications
$
464

$
456

$
851

$
(483
)
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 27, 2014 as follows (in thousands):

 
 
Nine Months Ended September 27, 2014
 
 
Foreign Currency
Derivative
Defined Benefit
 
 
 
Translation
Instruments
Pension Plans
Total
Accumulated Other Comprehensive Income (loss) December 28, 2013, net of tax
 
$
(14,502
)
$
1,448

$
(16,369
)
$
(29,423
)
Other comprehensive gain before reclassifications
 
(57,547
)
1,483

—

(56,064
)
Amounts reclassified from accumulated other comprehensive income (loss)
 
—

(1,813
)
962

(851
)
Net current-period other comprehensive income
 
(57,547
)
(330
)
962

(56,915
)
Accumulated Other Comprehensive Income (loss) September 27, 2014, net of tax
 
(72,049
)
$
1,118

$
(15,407
)
$
(86,338
)