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Other Comprehensive Earnings (Loss) | 9 Months Ended
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Oct. 01, 2017
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 October 1, 2017 and September 25, 2016.
|  | Quarter Ended |  | Nine Months Ended
|  | October 1, |  | September 25, |  | October 1, |  | September 25,
|  | 2017 |  | 2016 |  | 2017 |  | 2016
Other comprehensive earnings (loss), tax effect: |  |  |  |  |  |  |  |  |  |  |
Tax benefit on cash flow hedging activities | $ | 1,700 |  |  | 1,420 |  |  | 5,936 |  |  | 9,423
Tax benefit (expense) on unrealized holding losses and gains |  | 445 |  |  | 221 |  |  | 315 |  |  | (547)
Reclassifications to earnings, tax effect: |  |  |  |  |  |  |  |  |  |  |
| Tax (benefit) expense on cash flow hedging activities |  | (1,875) |  |  | 2,456 |  |  | (2,884) |  |  | 5,274
| Tax benefit on unrecognized pension and |  |  |  |  |  |  |  |  |  |  |
| postretirement amounts reclassified to the |  |  |  |  |  |  |  |  |  |  |
| consolidated statements of operations |  | (822) |  |  | (666) |  |  | (2,466) |  |  | (1,999)
Total tax effect on other comprehensive earnings (loss) | $ | (552) |  |  | 3,431 |  |  | 901 |  |  | 12,151
Changes in the components of accumulated other comprehensive loss for the nine months ended October 1, 2017 and September 25, 2016 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 |  | Loss
2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at December 25, 2016 | $ | (118,401) |  |  | 51,085 |  |  | 1,424 |  |  | (128,678) |  |  | (194,570)
Current period other comprehensive earnings (loss) |  | 4,345 |  |  | (85,966) |  |  | (555) |  |  | 41,954 |  |  | (40,222)
Balance at October 1, 2017 | $ | (114,056) |  |  | (34,881) |  |  | 869 |  |  | (86,724) |  |  | (234,792)
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)
At October 1, 2017, the Company had remaining net deferred losses on foreign currency forward c ontracts, net of tax, of $17,547 in accumulated other comprehensive loss ("AOCE"). These instruments hedge payments related to i nventory purchased in the third quarter of 2017 or forecasted to be purcha sed during the remainder of 2017 and, to a lesser extent, 2018 through 2022, intercompany expenses expected to be paid or received during 2017 and 2018, and cash receipts for sal es forecasted to be made in the rema inder of 2017 and, to a lesser extent, 2018 through 2019. These amounts will be reclassified into the consolidated statements of operations upon the sale of the related inventory or recognition of the related sales or expenses. In addition to foreign cur rency 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, these contracts were terminated and the fair value on the date of settlement wa s deferred in AOCE and is being amortized to interest expense over the life of the related notes using the effective interest rate method. At October 1, 2017, deferr ed losses, net of tax, of $17,332 related to these instruments remained in AOCE. For the quarte r s ended October 1, 2017 and September 25, 2016, previously deferred losses of $450 were reclassified from AOCE to net earnings. For the nine-month periods ended October 1, 2017 and September 25, 2016, previously deferred losses of $1,384 and $1,349 were reclassified from AOCE to net earnings, respectively. Of the amount included in AOCE at October 1, 2017, the Company expects net losses of approximately $18,932 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 -URI http://asc.fasb.org/topic&trid=2134417 + Details
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