Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Oct. 01, 2011

Derivative Instruments and Hedging Activities [Abstract]

Summary of derivative instruments activities - balance sheet location

Derivative instruments designated as cash flow hedges under ASC 815 are reflected in the Condensed Consolidated Financial Statements as follows:

	October 1, 2011
	Location		Fair value
(In thousands)
Commodity contracts	Other current liability:	Gain positions	$	20
	Other current liability:	Loss positions	$	(4,501	)

	December 25, 2010
	Location		Fair value
(In thousands)
Commodity contracts	Other current assets:	Gain positions	$	891

Summary of derivative instruments activities - income statement location

The following tables summarize activities related to the Company’s derivative instruments, classified as cash flow hedges in accordance with ASC 815:

	(Loss) Gain Recognized in Accumulated OCI (Effective Portion), Net of Tax
	For the Quarter Ended					For the Nine Months Ended
	October 1, 2011			September 25, 2010		October 1, 2011			September 25, 2010
(In thousands)
Commodity contracts (1)	$	(2,386	)	$	402	$	(1,593	)	$	870
(1) Includes $88 thousand attributable to noncontrolling interest for the nine months ended September 25, 2010.

	(Gain) Reclassified from Accumulated OCI into Income (Effective Portion), Net of Tax
	For the Quarter Ended						For the Nine Months Ended
	October 1, 2011			September 25, 2010			October 1, 2011			September 25, 2010
(In thousands)
Commodity contracts:
Cost of goods sold	$	(790	)	$	(69	)	$	(1,816	)	$	(727	)

Schedule of fair value hedges

The following tables summarize the gains (losses) on the Company's fair value hedges:

	Gains (Losses) on Fair Value Hedges for the Three Months Ended October 1, 2011
	Location	Amount
(In thousands)
Gain on the derivatives in designated and qualifying fair value hedges:
Commodity Contracts	Cost of goods sold	$	8,424
(Loss) on the hedged item in designated and qualifying fair value hedges:
Inventory	Cost of goods sold	$	(7,915	)

	Gains (Losses) on Fair Value Hedges for the Nine Months Ended October 1, 2011
	Location	Amount
(In thousands)
Gain on the derivatives in designated and qualifying fair value hedges:
Commodity Contracts	Cost of goods sold	$	5,164
(Loss) on the hedged item in designated and qualifying fair value hedges:
Inventory	Cost of goods sold	$	(4,987	)