Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 28, 2014

Fair Value of Financial Instruments (Thousands of Dollars) [Abstract]

At September 28, 2014, September 29, 2013 and December 29, 2013, the Company had the following assets and liabilities measured at fair value in its consolidated balance sheets:

			Fair Value Measurements Using:
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
September 28, 2014
Assets:
Available-for-sale securities	$	31,097		6,805		18,632		5,660
Derivatives		41,475		-		41,475		-
Total assets	$	72,572		6,805		60,107		5,660

Liabilities:
Derivatives	$	3,426		-		3,426		-
Option agreement		25,590		-		-		25,590
Total liabilities	$	29,016		-		3,426		25,590

September 29, 2013
Assets:
Available-for-sale securities	$	23,460		8		18,050		5,402
Derivatives		3,311		-		2,321		990
Total assets	$	26,771		8		20,371		6,392

Liabilities:
Derivatives	$	8,324		-		8,324		-



December 29, 2013
Assets:
Available-for-sale securities	$	28,048		-		22,564		5,484
Derivatives		4,627		-		4,627		-
Total assets	$	32,675		-		27,191		5,484

Liabilities:
Derivatives	$	12,330		-		12,330		-

Reconciliation of Level 3 Fair Value

The following is a reconciliation of the beginning and ending balances of the fair value measurements of the Company's financial instruments which use significant unobservable inputs (Level 3):

	2014			2013
Balance at beginning of year	$	5,484			7,618
Gain (loss) from change in fair value		176			(1,226	)
Issuance of option agreement		(25,590	)		-
Balance at end of third quarter	$	(19,930	)		6,392

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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