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STOCKHOLDERS' EQUITY (Tables) | 3 Months Ended
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Mar. 27, 2016
Equity [Abstract] |
Schedule of Changes in Unrealized Actuarial Losses | The following tables provide information regarding the changes in accumulated other comprehensive loss:
| Thirteen Weeks Ended March 27, 2016(a) |  | Thirteen Weeks Ended March 29, 2015(a)
| Losses Related to Pension and Other Postretirement Benefits |  | Unrealized Holding Gains on Available-for-Sale Securities |  | Total |  | Losses Related to Pension and Other Postretirement Benefits |  | Unrealized Holding Gains on Available-for-Sale Securities |  | Total
| (In thousands)
Balance, beginning of period | $ | (58,997 | ) |  | $ | 67 |  |  | $ | (58,930 | ) |  | $ | (62,572 | ) |  | $ | 31 |  |  | $ | (62,541 | )
Other comprehensive income (loss) before reclassifications | (6,988 | ) |  | 171 |  |  | (6,817 | ) |  | (2,180 | ) |  | 32 |  |  | (2,148 | )
Amounts reclassified from accumulated other comprehensive loss to net income | 103 |  |  | (141 | ) |  | (38 | ) |  | 111 |  |  | (51 | ) |  | 60 |
Net current period other comprehensive income (loss) | (6,885 | ) |  | 30 |  |  | (6,855 | ) |  | (2,069 | ) |  | (19 | ) |  | (2,088 | )
Balance, end of period | $ | (65,882 | ) |  | $ | 97 |  |  | $ | (65,785 | ) |  | $ | (64,641 | ) |  | $ | 12 |  |  | $ | (64,629 | )
(a) | All amounts are net of tax. Amounts in parentheses indicate debits to accumulated other comprehensive loss.
Schedule of Reclassification from Accumulated Other Comprehensive Loss |
|  | Amount Reclassified from Accumulated Other Comprehensive Loss(a) |  |
Details about Accumulated Other Comprehensive Loss Components |  | Thirteen Weeks Ended March 27, 2016 |  | Thirteen Weeks Ended March 29, 2015 |  | Affected Line Item in the Condensed Consolidated Statements of Operations
|  | (In thousands) |  |
Realized gain on sale of securities |  | $ | 226 |  |  | $ | 82 |  |  | Interest income
Amortization of defined benefit pension and other postretirement plan actuarial losses: |  |  |  |  |  |
Union employees pension plan(b)(d) |  | (5 | ) |  | (6 | ) |  | Cost of sales
Legacy Gold Kist plans(c)(d) |  | (50 | ) |  | — |  |  | Cost of sales
Legacy Gold Kist plans(c)(d) |  | (110 | ) |  | (173 | ) |  | Selling, general and administrative expense
Total before tax |  | 61 |  |  | (97 | ) |  |
Tax benefit (expense) |  | (23 | ) |  | 37 |  |  |
Total reclassification for the period |  | $ | 38 |  |  | $ | (60 | ) |  |
(a) | Amounts in parentheses represent debits to results of operations.
(b) | The Company sponsors the Pilgrim’s Pride Retirement Plan for Union Employees, a qualified defined benefit pension plan covering certain locations or work groups with collective bargaining agreements.
(c) | The Company sponsors the Pilgrim’s Pride Plan for Legacy Gold Kist Employees, a qualified defined benefit pension plan covering certain eligible U.S. employees who were employed at locations that the Company purchased through its acquisition of Gold Kist in 2007, the Former Gold Kist Inc. Supplemental Executive Retirement Plan, a nonqualified defined benefit retirement plan covering certain former Gold Kist executives, the Former Gold Kist Inc. Directors’ Emeriti Plan, a nonqualified defined benefit retirement plan covering certain former Gold Kist directors, and the Gold Kist Inc. Retiree Life Insurance Plan, a defined benefit postretirement life insurance plan covering certain retired Gold Kist employees.
(d) | These accumulated other comprehensive income components are included in the computation of net periodic pension cost. See “Note 12. Pension and Other Postretirement Benefits” to the Condensed Consolidated Financial Statements.
Pro Forma Information, Special Cash Dividend | The following unaudited pro forma information presents the Company’s financial position giving effect to the special cash dividend and the borrowing necessary to fund the special cash dividend as if they occurred on March 27, 2016.
|  | March 27, 2016 |  | Special Cash Dividend |  | March 27, 2016
|  |  |  | (In thousands) |  |
Cash and cash equivalents |  | $ | 574,888 |  |  | $ | 145,112 |  | (a) | $ | 20,000 |
|  |  |  | (700,000 | ) | (b) |
Other current assets |  | 1,238,954 |  |  | — |  |  | 1,238,954 |
Total current assets |  | 1,813,842 |  |  | (554,888 | ) |  | 1,258,954 |
Other assets |  | 1,572,908 |  |  | — |  |  | 1,572,908 |
Total assets |  | $ | 3,386,750 |  |  | $ | (554,888 | ) |  | $ | 2,831,862 |
Long-term debt, less current maturities |  | $ | 986,400 |  |  | $ | 145,112 |  |  | $ | 1,131,512 |
Other liabilities |  | 1,029,161 |  |  | — |  |  | 1,029,161 |
Total stockholders' equity |  | 1,371,189 |  |  | (700,000 | ) |  | 671,189 |
Total liabilities and stockholders' equity |  | $ | 3,386,750 |  |  | $ | (554,888 | ) |  | $ | 2,831,862 |
(a) To reflect cash from borrowing of long-term debt used to pay the special cash dividend to stockholders. (b) To reflect the payment of the special cash divided to stockholders.

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