XML 65 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Accumulated Other Comprehensive Income
 6 Months Ended
Jun. 29, 2013
Accumulated Other Comprehensive Income [Abstract]  
Accumulated Other Comprehensive Income
Note 9 – Accumulated Other Comprehensive Income

During the first quarter of 2013, the Company adopted ASU No. 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (ASU 2013-02). Under ASU 2013-02, an entity is required to provide information about the amounts reclassified out of accumulated OCI by component. In addition, an entity is required to present significant amounts reclassified out of accumulated OCI by the respective line items of net income.

Changes in accumulated OCI by component, net of taxes and noncontrolling interest, were as follows:

(In thousands)
 
Cumulative translation adjustment
   
Unrealized (losses)/gains on derivatives
   
Minimum pension/OPEB liability adjustment
   
Unrealized gains on equity investments
   
Total
 
                             
December 29, 2012
 
 $
 (3,033
) 
 
$
(166
) 
 
$
(39,527
) 
 
$
103
   
$
(42,623
)
                                         
Other comprehensive income before reclassifications
   
(6,470
)
   
2,995
     
893
     
83
     
(2,499
)
Amounts reclassified from accumulated OCI
   
— 
     
(2,521
) 
   
1,268
     
— 
     
(1,253
) 
                                         
Net current-period other comprehensive income
   
(6,470
)
   
474
     
2,161
     
83
     
(3,752
)
                                         
June 29, 2013
 
 $
(9,503
) 
 
$ 
  308
   
$ 
(37,366 
) 
 
 $
  186
   
 $
(46,375
)
 
Reclassification adjustments out of accumulated OCI were as follows:

   
Amount reclassified from Accumulated OCI
(In thousands)
 
For the Quarter Ended June 29, 2013
  
For the Six Months Ended June 29, 2013
 
Affected line item
      
Unrealized gains on derivatives: 
     
Closed positions, commodity contracts
 $3,967  $3,876 
Cost of goods sold
    (1,371)  (1,355 )
Income tax expense
    2,596   2,521 
Net of tax
    —   — 
Noncontrolling interest
           
   $2,596  $2,521 
Net of tax and noncontrolling interest
           
Amortization of employee benefit items:
         
Amortization of net loss
 $921  $1,889 
Selling, general, and administrative expense
    (302)  (621 )
Income tax expense
    619   1,268 
Net of tax
    —   — 
Noncontrolling interest
           
   $619  $1,268 
Net of tax and noncontrolling interest