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Other Comprehensive Loss
 3 Months Ended
Mar. 31, 2013
Other Comprehensive Earnings (Thousands of Dollars) [Abstract]  
Other Comprehensive Earnings (Loss)
(3) Other Comprehensive Earnings (Loss)

Components of other comprehensive earnings are presented within the consolidated statements of comprehensive earnings (loss). The related tax (expense) benefit of (gains) losses on cash flow hedging activities within other comprehensive earnings were $(1,712) and $1,340 for the quarters ended March 31, 2013 and April 1, 2012, respectively. The income tax expense related to reclassification adjustments of net gains on cash flow hedging activities from other comprehensive earnings were $133 and $143 for the quarters ended March 31, 2013 and April 1, 2012, respectively. The income tax benefit related to the reclassification of amortizaiton of unrecognized pension and postretirement amounts was $712 for the quarter ended March 31, 2013.

At March 31, 2013, the Company had remaining deferred gains on hedging instruments, net of tax, of $9,226 in accumulated other comprehensive earnings ("AOCE"). These instruments hedge payments related to inventory purchased during the first quarter of 2013 or forecasted to be purchased during the remainder of 2013 and 2014, intercompany expenses and royalty payments expected to be paid or received during the remainder of 2013 and 2014 as well as cash receipts for sales made during the first quarter of 2013 or forecasted to be made during the remainder of 2013. These amounts will be reclassified into the consolidated statement of operations upon the sale of the related inventory or recognition of the related sales, royalties or expenses. Of the amount included in AOCE at March 31, 2013, the Company expects approximately $4,493 to be reclassified to earnings within the next twelve months. However, the amount ultimately realized in earnings is dependent on the fair value of the contracts on the settlement dates.

Changes in the components of accumulated other comprehensive earnings (loss) for the quarters ended March 31, 2013 and April 1, 2012 are as follows:

 
 
Pension and Postretirement Amounts
 
 
Gains (Losses) on Derivative Instruments
 
 
Foreign Currency Translation Adjustments
 
 
Total Accumulated Other Comprehensive Earnings (Loss)
 
2013
 
 
 
 
 
 
 
 
Balance at Dec. 30, 2012
 
$
(120,422
)
 
 
(1,008
)
 
 
49,123
 
 
 
(72,307
)
Current period other comprehensive earnings (loss)
 
 
1,255
 
 
 
10,234
 
 
 
(7,348
)
 
 
4,141
 
Balance at March 31, 2013
 
$
(119,167
)
 
 
9,226
 
 
 
41,775
 
 
 
(68,166
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at Dec. 25, 2011
 
$
(86,822
)
 
 
10,081
 
 
 
40,798
 
 
 
(35,943
)
Current period other comprehensive earnings (loss)
 
 
-
 
 
 
(10,553
)
 
 
22,266
 
 
 
11,713
 
Balance at April 1, 2012
 
$
(86,822
)
 
 
(472
)
 
 
63,064
 
 
 
(24,230
)