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Other Comprehensive Earnings (Loss)
 9 Months Ended
Sep. 28, 2014
Other Comprehensive Earnings (Loss) [Abstract]  
Other Comprehensive Earnings (Loss)
(3) Other Comprehensive Earnings (Loss)

Components of other comprehensive earnings (loss) are presented within the consolidated statements of comprehensive earnings. The following table presents the related tax effects on changes in other comprehensive earnings (loss) for the quarter and nine-month periods ended September 28, 2014 and September 29, 2013.

 
 
Quarter Ended
  
Nine Months Ended
 
 
 
September 28, 2014
  
September 29, 2013
  
September 28, 2014
  
September 29, 2013
 
 
 
  
  
  
 
Other comprehensive earnings (loss), tax effect:
 
  
  
  
 
Tax (expense) benefit on cash flow hedging activities
 
$
(2,924
)
  
2,548
   
11,987
   
(424
)
Tax benefit (expense) on unrealized holding gains
  
80
   
-
   
(1,919
)
  
-
 
Reclassifications to earnings, tax effect:
                
   Tax (benefit) expense on cash flow hedging activities
  
(2,129
)
  
861
   
(2,471
)
  
1,280
 
   Tax benefit on unrecognized pension and postretirement amounts reclassified to the consolidated statements of operations
  
(312
)
  
(712
)
  
(936
)
  
(2,136
)
 
                
Total tax effect on other comprehensive (loss) earnings
 
$
(5,285
)
  
2,697
   
6,661
   
(1,280
)




Changes in the components of accumulated other comprehensive loss for the nine months ended September 28, 2014 and September 29, 2013 are as follows:

 
 
Pension and Postretirement Amounts
  
Gains (Losses) on Derivative Instruments
  
Unrealized Holding Gains on Available-for-Sale Securities
  
Foreign Currency Translation Adjustments
  
Total Accumulated Other Comprehensive Loss
 
2014
 
  
  
  
  
 
Balance at December 29, 2013
 
$
(64,841
)
  
(7,313
)
  
-
   
38,019
   
(34,135
)
Current period other comprehensive earnings (loss)
  
1,650
   
23,938
   
3,382
   
(31,640
)
  
(2,670
)
Balance at September 28, 2014
 
$
(63,191
)
  
16,625
   
3,382
   
6,379
   
(36,805
)
 
                    
2013
                    
Balance at December 30, 2012
 
$
(120,422
)
  
(1,008
)
  
-
   
49,123
   
(72,307
)
Current period other comprehensive earnings (loss)
  
7,291
   
(4,827
)
  
-
   
(8,880
)
  
(6,416
)
Balance at September 29, 2013
 
$
(113,131
)
  
(5,835
)
  
-
   
40,243
   
(78,723
)

At September 28, 2014, the Company had remaining net deferred gains on hedging instruments, net of tax, of $16,625 in accumulated other comprehensive loss ("AOCE"). These instruments hedge payments related to inventory purchased in the third quarter of 2014 or forecasted to be purchased during 2014, 2015 and 2016, intercompany expenses expected to be paid or received during 2014 and 2015, cash receipts for sales made at the end of the third quarter of 2014 or forecasted to be made in the remainder of 2014 and interest payments related to long-term notes due 2021 and 2044.  These amounts will be reclassified into the consolidated statements of operations upon the sale of the related inventory or recognition of the related sales or expenses.  Of the amount included in AOCE at September 28, 2014, the Company expects approximately $13,453 to be reclassified to the consolidated statements of operations within the next 12 months. However, the amount ultimately realized in earnings is dependent on the fair value of the hedging instruments on the settlement dates.