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FAIR VALUE MEASUREMENTS (Tables) | 6 Months Ended
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Jun. 24, 2012
Fair Value, Assets and Liabilities Measured On Recurring and Nonrecurring Basis [Abstract] |
Schedule Of Carrying Values and Estimated Fair Values Of Investments In Available For Sale Securities [Table Text Block] | The asset (liability) amounts recorded in the Condensed Consolidated Balance Sheets (carrying amounts) and the estimated fair values of financial instruments at June24,2012and December25,2011consisted of the following:
|  | June 24, 2012 |  | December 25, 2011 |  |
|  | Carrying |  | Fair |  | Carrying |  | Fair |  | Note
|  | Amount |  | Value |  | Amount |  | Value |  | Reference
|  | (In thousands) |  |
Short-term investments in available-for-sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
securities |  | $ | 156 |  |  | $ | 156 |  |  | $ | 157 |  |  | $ | 157 |  |  | 6
Commodity derivative assets(a): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7
Futures |  |  | 5,123 |  |  |  | 5,123 |  |  |  | 2,870 |  |  |  | 2,870 |  |  |
Options |  |  | 2,348 |  |  |  | 2,348 |  |  |  | — |  |  |  | — |  |  |
Long-term investments in available-for-sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
securities |  |  | 474 |  |  |  | 474 |  |  |  | 497 |  |  |  | 497 |  |  | 6
Commodity derivative liabilities(b): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7
Futures |  |  | (1,353 | ) |  |  | (1,353 | ) |  |  | (2,120 | ) |  |  | (2,120 | ) |  |
Options |  |  | — |  |  |  | — |  |  |  | (603 | ) |  |  | (603 | ) |  |
Long-term debt and other borrowing |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
arrangements(c) |  |  | (1,230,236 | ) |  |  | (1,261,818 | ) |  |  | (1,423,612 | ) |  |  | (1,421,517 | ) |  | 10
Note payable to JBS USA |  |  | — |  |  |  | — |  |  |  | (50,000 | ) |  |  | (50,077 | ) |  | 10,14
(a) |  | Commodity derivative assets are included in Prepaid expenses and other current assets on the Condensed Consolidated Balance Sheet.
(b) |  | Commodity derivative liabilities are included in Accrued expenses and other current liabilities on the Condensed Consolidated Balance Sheet.
(c) |  | The fair values of the Company’s long-term debt and other borrowing arrangements were estimated by calculating the net present value of future payments for each debt obligation or borrowing by: (i) using a risk-free rate applicable for an instrument with a life similar to the remaining life of each debt obligation or borrowing plus the current estimated credit risk spread for the Company or (ii) using the quoted market price at June24,2012or December25,2011, as applicable.
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | The following items were measured at fair value on a recurring basis at June24,2012:
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total
|  | (In thousands)
Short-term investments in available-for-sale securities |  | $ | — |  |  | $ | 156 |  | $ | — |  | $ | 156 |
Commodity derivative assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Futures |  |  | 5,123 |  |  |  | — |  |  | — |  |  | 5,123 |
Options |  |  | — |  |  |  | 2,348 |  |  | — |  |  | 2,348 |
Long-term investments in available-for-sale securities |  |  | — |  |  |  | 474 |  |  | — |  |  | 474 |
Commodity derivative liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Futures |  |  | (1,353 | ) |  |  | — |  |  | — |  |  | (1,353 | )
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | The following table presents activity for the twenty-six weeks ended June24,2012and June26,2011, respectively, related to the Company’s investment in a fund-of-funds asset that is measured at fair value on a recurring basis using Level3inputs:
| Twenty-Six Weeks Ended
| June 24, 2012 |  | June 26, 2011
| (In thousands)
Balance at beginning of period | $ | 59 |  |  | $ | 1,190
Included in other comprehensive income |  | — |  |  |  | 51
Sale of securities |  | (59 | ) |  |  | —
Balance at end of period | $ | — |  |  | $ | 1,241

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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of investments in available for sale securities. + References No definition available. + Details
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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19279-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -Subparagraph c -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. + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258 + Details
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