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Equity | 12 Months Ended
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Dec. 28, 2013
Equity [Abstract] |
Equity | Note 6 –Equity The Company’s Board of Directors has extended, until October 2014, its authorization to repurchase up to ten million shares of the Company’s common stock through open market transactions or through privately negotiated transactions. The Company has no obligation to purchase any shares and may cancel, suspend, or extend the time period for the purchase of shares at any time. Any purchases will be funded primarily through existing cash and cash from operations. The Company may hold any shares purchased in treasury or use a portion of the repurchased shares for its stock-based compensation plans, as well as for other corporate purposes. From its initial authorization in 1999 through December 28, 2013, the Company had repurchased approximately 2.4 million shares under this authorization. The Company entered into an agreement with Leucadia pursuant to which the Company repurchased from Leucadia 10.4 million shares of the Company’s common stock on September 24, 2012 at a total cost of $427.3 million. The Company’s repurchase transaction with Leucadia was completed outside of the repurchase authorization previously approved by the Board of Directors. 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 |  | $ | (3,032 | ) |  | $ | (167 | ) |  | $ | (39,527 | ) |  | $ | 103 |  |  | $ | (42,623 | )
Other comprehensive income before reclassifications |  |  | 2,570 |  |  |  | (2,102 | ) |  |  | 24,851 |  |  |  | 152 |  |  |  | 25,471 |
Amounts reclassified from accumulated OCI |  |  | — |  |  |  | 3,815 |  |  |  | 2,518 |  |  |  | — |  |  |  | 6,333 |
Net current-period other comprehensive income |  |  | 2,570 |  |  |  | 1,713 |  |  |  | 27,369 |  |  |  | 152 |  |  |  | 31,804 |
December 28, 2013 |  | $ | (462 | ) |  | $ | 1,546 |  |  | $ | (12,158 | ) |  | $ | 255 |  |  | $ | (10,819 | )
Reclassification adjustments out of accumulated OCI were as follows:
|  | Amount reclassified from Accumulated OCI
(In thousands) |  | For the Year Ended December 28, 2013 |  | Affected Line Item
Unrealized losses on derivatives: |  |  |  |
Closed positions, commodity contracts |  | $ | 5,672 |  | Cost of goods sold
|  |  | (1,857 | ) | Income tax expense
|  |  | 3,815 |  | Net of tax
|  |  | — |  | Noncontrolling interest
|  | $ | 3,815 |  | Net of tax and noncontrolling interest
Amortization of employee benefit items: |  |  |  |  |
Amortization of net loss |  | $ | 3,844 |  | Selling, general, and administrative expense
|  |  | (1,326 | ) | Income tax expense
|  |  | 2,518 |  | Net of tax
|  |  | — |  | Noncontrolling interest
|  | $ | 2,518 |  | Net of tax and noncontrolling interest
The change in cumulative foreign currency translation adjustment primarily relates to the Company’s investment in foreign subsidiaries and fluctuations in exchange rates between their local currencies and the U.S. dollar. During 2013, the value of the Mexican peso decreased approximately one percent and the British pound increased two percent relative to the U.S. dollar, respectively.

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- Definition The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Article 4 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 43 -Section B -Paragraph 7, 11A -Chapter 1 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 5 -Paragraph 15 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. 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