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Other Comprehensive Income
 3 Months Ended
Apr. 04, 2015
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 months ended April 4, 2015 and March 29, 2014 are as follows (in thousands):

 
Three Months Ended
 
Before-Tax
Tax (Expense)
Net-of-Tax
 
Amount
or Benefit
Amount
 
April 4, 2015
March 29, 2014
April 4, 2015
March 29, 2014
April 4, 2015
March 29, 2014
Defined benefit pension plans
 
 
 
 
 
 
Amortization of prior service cost
$
(20
)
$
4

$
10

$
(2
)
$
(10
)
$
2

Amortization of actuarial loss
1,285

519

(506
)
(201
)
779

318

Total defined benefit pension plans
1,265

523

(496
)
(203
)
769

320

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

(357
)
—

139

—

(218
)
Gain/(loss) activity recognized in other comprehensive income (loss)
—

172

—

(67
)
—

105

Total natural gas swap derivatives
—

(185
)
—

72

—

(113
)
Corn option derivatives
 
 
 
 
 
 
Loss/(gain) reclassified to net income
(234
)
(1,292
)
91

501

(143
)
(791
)
Gain/(loss) activity recognized in other comprehensive income (loss)
296

(1,319
)
(115
)
512

181

(807
)
Total corn option derivatives
62

(2,611
)
(24
)
1,013

38

(1,598
)
 
 
 
 
 
 
 
Foreign currency translation
(98,642
)
20,615

—

—

(98,642
)
20,615

 
 
 
 
 
 
 
Other comprehensive income (loss)
$
(97,315
)
$
18,342

$
(520
)
$
882

$
(97,835
)
$
19,224

 
 
 
 
 
 
 

The following table presents the amounts reclassified out of each component of other comprehensive income (loss), net of tax for the three months ended April 4, 2015 and March 29, 2014 as follows (in thousands):

 
Three Months Ended
 
 
April 4, 2015
March 29, 2014
Statement of Operations Classification
Derivative instruments
 
 
 
Natural gas swap derivatives
$
—

$
357

Cost of sales and operating expenses
Corn option derivatives
234

1,292

Cost of sales and operating expenses
 
234

1,649

Total before tax
 
(91
)
(640
)
Income taxes
 
143

1,009

Net of tax
Defined benefit pension plans
 
 
 
Amortization of prior service cost
$
20

$
(4
)
(a)
Amortization of actuarial loss
(1,285
)
(519
)
(a)
 
(1,265
)
(523
)
Total before tax
 
496

203

Income taxes
 
(769
)
(320
)
Net of tax
Total reclassifications
$
(626
)
$
689

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 April 4, 2015 as follows (in thousands):

 
 
Three Months Ended April 4, 2015
 
 
Foreign Currency
Derivative
Defined Benefit
 
 
 
Translation
Instruments
Pension Plans
Total
Accumulated Other Comprehensive Income (loss) January 3, 2015, net of tax
 
$
(140,386
)
$
76

$
(36,750
)
$
(177,060
)
Other comprehensive gain before reclassifications
 
(98,642
)
181

—

(98,461
)
Amounts reclassified from accumulated other comprehensive income (loss)
 
—

(143
)
769

626

Net current-period other comprehensive income
 
(98,642
)
38

769

(97,835
)
Accumulated Other Comprehensive Income (loss) April 4, 2015, net of tax
 
(239,028
)
$
114

$
(35,981
)
$
(274,895
)