Derivatives (Tables)

12 Months Ended

Jan. 02, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments [Table Text Block]

All of these transactions are currently not designated for hedge accounting. (in thousands):

Functional Currency		Contract Currency
Type	Amount	Type	Amount
Brazilian real	35,305	Euro	8,400
Brazilian real	67,670	U.S. Dollar	17,250
Euro	251,908	U.S. Dollar	271,964
Euro	8,834	Polish zloty	38,000
Euro	5,356	Japanese yen	709,859
Euro	34,707	Chinese renminbi	247,938
Euro	9,616	Australian dollar	13,950
Polish zloty	16,380	Euro	3,820
British pound	72	Euro	100
Japanese yen	53,039	U.S. dollar	438

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The following table presents the fair value of the Company’s derivative instruments as of January 2, 2016 and January 3, 2015 (in thousands):

Derivatives Designated	Balance Sheet	Asset Derivatives Fair Value
as Hedges	Location	January 2, 2016		January 3, 2015
Corn options	Other current assets	$	3,215	$	247
Total derivatives designated as hedges		$	3,215	$	247
Derivatives not Designated as Hedges
Foreign currency contracts	Other current assets	$	644	$	11,559
Corn options and futures	Other current assets	599		69
Heating oil swaps	Other current assets	—		353
Total derivatives not designated as hedges		$	1,243	$	11,981
Total asset derivatives		$	4,458	$	12,228

Derivatives Designated	Balance Sheet	Liability Derivatives Fair Value
as Hedges	Location	January 2, 2016		January 3, 2015
Derivatives not Designated as Hedges
Foreign currency contracts	Accrued Expenses	$	4,435	$	2,019
Corn options and futures	Accrued Expenses	2		3
Heating oil swaps	Accrued Expenses	—		993
Total derivatives not designated as hedges		$	4,437	$	3,015
Total liability derivatives		$	4,437	$	3,015

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

The effect of the Company's derivative instruments on the consolidated financial statements for the fiscal years ended January 2, 2016 and January 3, 2015 are as follows (in thousands):

Derivatives Designated as Cash Flow Hedges	Gain or (Loss) Recognized in OCI on Derivatives (Effective Portion) (a)				Gain or (Loss) Reclassified From Accumulated OCI into Income (Effective Portion) (b)				Gain or (Loss) Recognized in Income On Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing) (c)
	2015		2014		2015		2014		2015		2014
Corn options	$	4,405	$	1,812	$	1,517	$	3,868	$	68	$	92
Natural gas swaps	—		11		—		196		—		(1		)
Total	$	4,405	$	1,823	$	1,517	$	4,064	$	68	$	91

(a) Amount recognized in accumulated OCI (effective portion) is reported as accumulated other comprehensive gain of approximately $4.4 million and approximately $1.8 million recorded net of taxes of approximately $1.7 million and approximately $0.7 million for the year ended January 2, 2016 and January 3, 2015, respectively.

(b) Gains and (losses) reclassified from accumulated OCI into income (effective portion) for interest rate swaps and natural gas swaps is included in interest expense and cost of sales, respectively, in the Company’s consolidated statements of operations.

(c) Gains and (losses) recognized in income on derivatives (ineffective portion) for interest rate swaps and natural gas swaps is included in other income/(expense), net in the Company’s consolidated statements of operations.

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The table below summarizes the effect of derivatives not designated as hedges on the Company's consolidated statements of operations for the year ended January 2, 2016, January 3, 2015 and December 28, 2013 (in thousands):

		Loss or (Gain) Recognized in Income on Derivatives Not Designated as Hedges
		For The Year Ended
Derivatives not designated as hedging instruments	Location	January 2, 2016			January 3, 2015			December 28, 2013
Foreign Exchange	Foreign currency loss/(gain)	$	(27,321	)	$	(21,162	)	$	(27,517	)
Foreign Exchange	Selling, general and administrative expense	7,508			4,652			—
Corn options and futures	Net sales	(2		)	—			—
Corn options and futures	Cost of sales and operating expenses	(2,067		)	(71		)	(678		)
Natural gas swaps and options	Cost of sales and operating expenses	—			—			41
Natural gas and heating oil swaps and options	Cost of sales and operating expenses	132			982			(63		)
Total		$	(21,750	)	$	(15,599	)	$	(28,217	)