Accumulated Other Comprehensive Income

9 Months Ended

Sep. 26, 2015

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income

Note 8 – Accumulated Other Comprehensive Income

AOCI includes certain foreign currency translation adjustments from those subsidiaries not using the U.S. dollar as their functional currency, net deferred gains and losses on certain derivative instruments accounted for as cash flow hedges, adjustments to pension and OPEB liabilities, and unrealized gains and losses on marketable securities classified as available-for-sale.

The following table provides changes in AOCI by component, net of taxes and noncontrolling interest (amounts in parentheses indicate debits to AOCI):

	For the Nine Months Ended September 26, 2015
(In thousands)	Cumulative Translation Adjustment			Unrealized (Losses)/Gains on Derivatives			Minimum Pension/OPEB Liability Adjustment			Unrealized Gains on Equity Investments			Total
Balance at December 27, 2014	$	(7,076	)	$	(953	)	$	(35,164	)	$	270		$	(42,923	)
Other comprehensive (loss) income before reclassifications		(12,099	)		(4,403	)		510			(46	)		(16,038	)
Amounts reclassified from AOCI		—			2,387			1,490			—			3,877
Net current-period other comprehensive income		(12,099	)		(2,016	)		2,000			(46	)		(12,161	)
Balance at September 26, 2015	$	(19,175	)	$	(2,969	)	$	(33,164	)	$	224		$	(55,084	)

	For the Nine Months Ended September 27, 2014
(In thousands)	Cumulative Translation Adjustment			Unrealized (Losses)/Gains on Derivatives			Minimum Pension/OPEB Liability Adjustment			Unrealized Gains on Equity Investments		Total
Balance at December 28, 2013	$	(462	)	$	1,546		$	(12,158	)	$	255	$	(10,819	)
Other comprehensive (loss) income before reclassifications		(3,337	)		(1,652	)		143			7		(4,839	)
Amounts reclassified from AOCI		—			2			347			—		349
Net current-period other comprehensive income		(3,337	)		(1,650	)		490			7		(4,490	)
Balance at September 27, 2014	$	(3,799	)	$	(104	)	$	(11,668	)	$	262	$	(15,309	)

Reclassification adjustments out of AOCI were as follows:

	Amount reclassified from AOCI
	For the Three Months Ended
(In thousands)	Sept. 26, 2015			Sept. 27, 2014			Affected line item
Unrealized losses/(gains) on derivatives:
Commodity contracts	$	2,339		$	(214	)	Cost of goods sold
Foreign currency contracts		—			(71	)	Depreciation expense
Interest rate swap		91			—		Interest expense
		(664	)		65		Income tax (expense) benefit
		1,766			(220	)	Net of tax
		—			—		Noncontrolling interest
	$	1,766		$	(220	)	Net of tax and noncontrolling   interest
Amortization of net loss and prior service cost on employee benefit plans	$	680		$	134		Selling, general, and administrative   expense
		(188	)		(19	)	Income tax expense
		492			115		Net of tax
		—			—		Noncontrolling interest
	$	492		$	115		Net of tax and noncontrolling   interest

	Amount reclassified from AOCI
	For the Nine Months Ended
(In thousands)	Sept. 26, 2015			Sept. 27, 2014			Affected line item
Unrealized losses/(gains) on derivatives:
Commodity contracts	$	2,990		$	351		Cost of goods sold
Foreign currency contracts		—			(446	)	Depreciation expense
Interest rate swap		295			—		Interest expense
		(898	)		97		Income tax (expense) benefit
		2,387			2		Net of tax
		—			—		Noncontrolling interest
	$	2,387		$	2		Net of tax and noncontrolling   interest
Amortization of net loss and prior service cost on employee benefit plans	$	2,040		$	401		Selling, general, and administrative    expense
		(550	)		(54	)	Income tax expense
		1,490			347		Net of tax
		—			—		Noncontrolling interest
	$	1,490		$	347		Net of tax and noncontrolling   interest