Fair Value of Financial Instruments (Tables)

6 Months Ended

Jul. 02, 2017

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

Fair Value Hierarchy

	Fair Value Measurements Using:
			Quoted
			Prices in
			Active
			Markets		Significant
			for		Other		Significant
			Identical		Observable		Unobservable
	Fair		Assets		Inputs		Inputs
	Value		(Level 1)		(Level 2)		(Level 3)
July 2, 2017
Assets:
Available-for-sale securities	$	4,096		4,096		-		-
Derivatives		25,372		-		25,372		-
Total assets	$	29,468		4,096		25,372		-
Liabilities:
Derivatives	$	22,244		-		22,244		-
Option agreement		28,500		-		-		28,500
Total liabilities	$	50,744		-		22,244		28,500
June 26, 2016
Assets:
Available-for-sale securities	$	5,597		5,597		-		-
Derivatives		63,277		-		63,277		-
Total assets	$	68,874		5,597		63,277		-
Liabilities:
Derivatives	$	13,148		-		13,148		-
Option agreement		27,560		-		-		27,560
Total liabilities	$	40,708		-		13,148		27,560
December 25, 2016
Assets:
Available-for-sale securities	$	3,736		3,736		-		-
Derivatives		87,894		-		87,894		-
Total assets	$	91,630		3,736		87,894		-
Liabilities:
Derivatives	$	11,309		-		11,309		-
Option agreement		28,770		-		-		28,770
Total Liabilities	$	40,079		-		11,309		28,770

Reconciliation of Level 3 Fair Value

	2017		2016
Balance at beginning of year	$	(28,770)		(28,360)
Gain from change in fair value		270		800
Balance at end of second quarter	$	(28,500)		(27,560)