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Accumulated Other Comprehensive Earnings (Notes)
 12 Months Ended
Dec. 28, 2019
Equity [Abstract]  
Accumulated Other Comprehensive Earnings [Text Block]
(8)    Accumulated Other Comprehensive Earnings (Losses)
A reconciliation of the changes in accumulated other comprehensive earnings (losses) net of income taxes for 2019, 2018 and 2017 is as follows:
 
 
Investments
 
Postretirement Benefit
 
Accumulated Other Comprehensive Earnings (Losses)
 
 
 
(Amounts are in thousands)
 
Balances at December 31, 2016
 
 
$
29,118

 
 
 
(5,691
)
 
 
 
23,427

 
Unrealized gain on debt and equity securities
 
 
175,978




—




175,978

 
Net realized gain on debt and equity securities reclassified to investment income
 
 
(66,836
)
 
 
 
—

 
 
 
(66,836
)
 
Adjustment to postretirement benefit obligation
 
 
—

 
 
 
(6,997
)
 
 
 
(6,997
)
 
Net other comprehensive earnings (losses)
 
 
109,142

 
 
 
(6,997
)
 
 
 
102,145

 
Remeasurement of deferred income taxes reclassified to retained earnings

 
 
29,797

 
 
 
(2,733
)
 
 
 
27,064

 
Balances at December 30, 2017
 
 
168,057

 
 
 
(15,421
)
 
 
 
152,636

 
Unrealized loss on debt securities
 
 
(19,126
)
 
 
 
—

 
 
 
(19,126
)
 
Net realized loss on debt securities reclassified to investment income
 
 
346

 
 
 
—

 
 
 
346

 
Adjustment to postretirement benefit obligation
 
 
—

 
 
 
8,692

 
 
 
8,692

 
Net other comprehensive (losses) earnings
 
 
(18,780
)
 
 
 
8,692

 
 
 
(10,088
)
 
Cumulative effect of net unrealized gain on equity securities reclassified to retained earnings
 
 
(198,310
)
 
 
 
—

 
 
 
(198,310
)
 
Balances at December 29, 2018
 
 
(49,033
)
 
 
 
(6,729
)
 
 
 
(55,762
)
 
Unrealized gain on debt securities


148,141




—




148,141

 
Net realized gain on debt securities reclassified to investment income
 
 
(602
)
 
 
 
—

 
 
 
(602
)
 
Adjustment to postretirement benefit obligation
 
 
—

 
 
 
(10,488
)
 
 
 
(10,488
)
 
Net other comprehensive earnings (losses)
 
 
147,539

 
 
 
(10,488
)
 
 
 
137,051

 
Balances at December 28, 2019
 
 
$
98,506

 
 
 
(17,217
)
 
 
 
81,289

 
 
 
 
 
 
 
 
 
 
 
 
 
 

In February 2018, an ASU was issued in response to the Tax Act. The ASU permitted companies to reclassify stranded tax effects due to the reduction of the federal statutory income tax rate from accumulated other comprehensive earnings to retained earnings. The Company elected to adopt the ASU early and reclassified $27,064,000 from accumulated other comprehensive earnings to retained earnings in 2017.
In 2018, the Company adopted the ASU requiring equity securities be measured at fair value with net unrealized gains and losses from changes in the fair value recognized in earnings. Prior to the adoption of the ASU, equity securities were classified as available-for-sale and measured at fair value. Changes in fair value determined to be temporary were reported in other comprehensive earnings net of income taxes. Upon adoption of the ASU, the Company reclassified the cumulative effect of the net unrealized gain on equity securities net of income taxes as of December 31, 2017 of $198,310,000 from accumulated other comprehensive earnings to retained earnings.