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Other Comprehensive Earnings | 12 Months Ended
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Dec. 30, 2018
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 each of the three fiscal years ended December 30, 2018.
|  |  | 2018 |  | 2017 |  | 2016 |
| Other comprehensive earnings (loss), tax effect: |  |  |  |  |  |  |  |  |
| Tax benefit (expense) on unrealized holding gains | $ | 581 |  |  | 221 |  |  | (94) |
| Tax (expense) benefit on cash flow hedging activities |  | (930) |  |  | 4,850 |  |  | 1,340 |
| Tax benefit (expense) on unrecognized pension and postretirement |  |  |  |  |  |  |  |  |
| amounts |  | 6,085 |  |  | (2,363) |  |  | 12,945 |
| Reclassifications to earnings, tax effect: |  |  |  |  |  |  |  |  |
|  | Tax expense (benefit) on cash flow hedging activities |  | 817 |  |  | (4,881) |  |  | 4,098 |
|  | Tax benefit on amortization of unrecognized |  |  |  |  |  |  |  |  |
| pension and postretirement amounts reclassified to the |  |  |  |  |  |  |  |  |
| consolidated statements of operations |  | (2,729) |  |  | (3,482) |  |  | (3,038) |
| Total tax effect on other comprehensive earnings (loss) | $ | 3,824 |  |  | (5,655) |  |  | 15,251 |
| Changes in the components of accumulated other comprehensive earnings (loss), net of tax are as follows:
|  |  |  |  |  |  | Unrealized |  |  |  |  |  |
|  |  |  | Gains |  | Holding Gains |  | Foreign |  | Total Accumulated
|  | Pension and |  | (Losses) on |  | on Available |  | Currency |  | Other
|  | Postretirement |  | Derivative |  | for-Sale |  | Translation |  | Comprehensive
|  | Amounts |  | Instruments |  | Securities |  | Adjustments |  | Earnings(Loss)
2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at December 31, 2017 | $ | (110,971) |  |  | (32,827) |  |  | 1,034 |  |  | (96,661) |  |  | (239,425)
Adoption of ASU 2018-02 |  | (18,065) |  |  | (3,660) |  |  | 222 |  |  | — |  |  | (21,503)
Current period other comprehensive |  | (23,763) |  |  | 36,107 |  |  | (2,000) |  |  | (55,524) |  |  | (45,180)
| earnings (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Reclassifications from AOCE to earnings |  | 9,665 |  |  | 1,929 |  |  | — |  |  | — |  |  | 11,594
Balance at December 30, 2018 | $ | (143,134) |  |  | 1,549 |  |  | (744) |  |  | (152,185) |  |  | (294,514)
2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at December 25, 2016 | $ | (118,401) |  |  | 51,085 |  |  | 1,424 |  |  | (128,678) |  |  | (194,570)
Current period other comprehensive |  | 1,555 |  |  | (90,302) |  |  | (390) |  |  | 32,017 |  |  | (57,120)
| earnings (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Reclassifications from AOCE to earnings |  | 5,875 |  |  | 6,390 |  |  | — |  |  | — |  |  | 12,265
Balance at December 31, 2017 | $ | (110,971) |  |  | (32,827) |  |  | 1,034 |  |  | (96,661) |  |  | (239,425)
2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at December 27, 2015 | $ | (102,931) |  |  | 79,317 |  |  | 1,258 |  |  | (123,645) |  |  | (146,001)
Current period other comprehensive |  | (20,829) |  |  | 25,748 |  |  | 166 |  |  | (5,033) |  |  | 52
| earnings (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Reclassifications from AOCE to earnings |  | 5,359 |  |  | (53,980) |  |  | — |  |  | — |  |  | (48,621)
Balance at December 25, 2016 | $ | (118,401) |  |  | 51,085 |  |  | 1,424 |  |  | (128,678) |  |  | (194,570)
Gains (Losses) on Derivative Instruments At December 30, 2018, the Company had remaining net deferred gains on foreign currency forward contracts, net of tax, of $20,861 in AOCE. These instruments hedge payments related to inventory purchased in the fourth quarter of 2018 or forecasted to be purchased from 2019 through 2022, intercompany expenses expected to be paid or received during 2019, television and movie production costs paid in 2018 or expected to be paid in 2019, and cash receipts for sales f orecasted to be made in 2019 through 2021. These amounts will be reclassified into the consolidated statements of operations upon the sale of the related inventory or recognition of the related sales, royalties or expenses. In addition to foreign curren cy 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 was d eferred in AOCE and is being amortized to interest expense over the life of the related notes using the effective interest rate method. At December 30, 2018, deferred losses, net of tax, of $19,313 related to these instruments remained in AOCE. For the yea r ended December 30, 2018, losses, net of tax of $1,394 related to these hedging instruments were reclassified from AOCE to net earnings. For each of the years ended December 31, 2017 and December 25, 2016, losses, net of tax of $1,170 and $1,148 related t o these hedging instruments were reclassified from AOCE to net earnings. In 2018, 2017 and 2016, net gains on cash flow hedging activities reclassified to earnings, net of tax, included (losses) gains of $(5,8 07), $(5,497) and $1,428, respectively, as a result of hedge ineffectiveness. Of the net deferred gains included in AOCE at December 30, 2018, the Company expects approximately $15,218 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. See notes 15 and 17 for addi tional discussion on reclassifications from AOCE to earnings.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 + Details
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