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Other Comprehensive Earnings (Loss) | 9 Months Ended
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Sep. 25, 2016
Other Comprehensive Earnings (Loss) [Abstract] |
Other Comprehensive Earnings (Loss) | (3) Other Comprehensive Earnings (Loss) Components of other comprehensive earnings (loss) are presented within the consolidated statements of comprehensive earnings. The following table presents the related tax effects on changes in other comprehensive earnings (loss) for the quarter and nine-month periods ended September 25, 2016 and September 27, 2015.
|  | Quarter Ended |  | Nine Months Ended
|  | September 25, |  | September 27, |  | September 25, |  | September 27,
|  | 2016 |  | 2015 |  | 2016 |  | 2015
Other comprehensive earnings (loss), tax effect: |  |  |  |  |  |  |  |  |  |  |
Tax benefit (expense) on cash flow hedging activities | $ | 1,420 |  |  | (7,400) |  |  | 9,423 |  |  | (11,362)
Tax benefit (expense) on unrealized holding gains (losses) |  | 221 |  |  | 700 |  |  | (547) |  |  | 164
Tax expense on changes in unrecognized pension and |  |  |  |  |  |  |  |  |  |  |
| postretirement amounts |  | - |  |  | (660) |  |  | - |  |  | (660)
Reclassifications to earnings, tax effect: |  |  |  |  |  |  |  |  |  |  |
| Tax expense on cash flow hedging activities |  | 2,456 |  |  | 1,487 |  |  | 5,274 |  |  | 2,537
| Tax (benefit) expense on unrecognized pension and |  |  |  |  |  |  |  |  |  |  |
| postretirement amounts |  | (666) |  |  | 338 |  |  | (1,999) |  |  | (942)
Total tax effect on other comprehensive earnings (loss) | $ | 3,431 |  |  | (5,535) |  |  | 12,151 |  |  | (10,263)
Changes in the components of accumulated other comprehensive loss for the nine months ended September 25, 2016 and September 27, 2015 are as follows:
|  |  |  |  |  |  | Unrealized |  |  |  |  |  |
|  |  |  |  |  |  | Holding |  |  |  |  | Total
|  |  |  | Gains |  | Gains on |  | Foreign |  | Accumulated
| Pension and |  | (Losses) on |  | Available- |  | Currency |  | Other
| Postretirement |  | Derivative |  | for-Sale |  | Translation |  | Comprehensive
| Amounts |  | Instruments |  | Securities |  | Adjustments |  | Earnings (Loss)
2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at December 27, 2015 | $ | (102,931) |  |  | 79,317 |  |  | 1,258 |  |  | (123,645) |  |  | (146,001)
Current period other comprehensive earnings (loss) |  | 3,523 |  |  | (80,956) |  |  | 963 |  |  | 18,482 |  |  | (57,988)
Balance at September 25, 2016 | $ | (99,408) |  |  | (1,639) |  |  | 2,221 |  |  | (105,163) |  |  | (203,989)
2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at December 28, 2014 | $ | (113,092) |  |  | 43,689 |  |  | 1,900 |  |  | (27,951) |  |  | (95,454)
Current period other comprehensive earnings (loss) |  | 6,855 |  |  | 48,459 |  |  | (290) |  |  | (85,755) |  |  | (30,731)
Balance at September 27, 2015 | $ | (106,237) |  |  | 92,148 |  |  | 1,610 |  |  | (113,706) |  |  | (126,185)
At September 25, 2016, the Company had remaining net deferred gains on foreign currency forward c ontracts, net of tax, of $16,864 in accumulated other comprehensive loss ("AOCE"). These instruments hedge payments related to i nventory purchased in the third quarter of 2016 or forecasted to be purcha sed during the remainder of 2016 and, to a lesser extent, 2017 through 2021, intercompany expenses expected to be paid or received during 2016 and 2017, cash receipts for sal es made at the end of the third quarter of 2016 or forecasted to be made in the remainder of 2016 and, to a lesser extent, 2017 through 2018. These amounts will be reclassified into the consolidated statements of operations upon the sale of the related inventory or recognition of the related sal es or expenses. In addition to foreign currency forward contracts, the Company entered into hedging contracts on future interest payments related to the long-term notes due 2021 and 2044. At the date of debt issuance in 2014, these contracts were termin ated and the fair value on the date of settlement was deferred in AOCE and is being amortized to interest expense over the life of the related notes using the effective interest rate method. At September 25, 2016, deferr ed losses, net of tax of $18,503 related to these instruments remained in AOCE. For the quarter s ended September 25, 2016 and September 27, 2015, previously deferred losses of $450 were reclassified from AOCE to net earnings. For the nine month periods ended September 25, 2016 and September 27, 2015, previously def erred losses of $1,349 were reclassified from AOCE to net earnings. Of the amount included in AOCE at September 25, 2016, the Company expects net gains of approximately $11,699 to be reclassified to the consolidated statements of operations within the next 12 months. However, the amount ultimately realized in earnings is dependent on the fair value of the hedging instruments on the settlement dates.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e689-108580 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=66004124&loc=SL7669619-108580 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e640-108580 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e716-108580 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e709-108580 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e637-108580 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e681-108580 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Reclassification Adjustments -URI http://asc.fasb.org/extlink&oid=6522872 + Details
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