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STOCKHOLDERS' EQUITY (Tables) | 9 Months Ended
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Sep. 24, 2017
Equity [Abstract] |
Schedule of Changes in Accumulated Other Comprehensive Loss | The following tables provide information regarding the changes in accumulated other comprehensive loss:
| Thirty-Nine Weeks Ended September 24, 2017(a)
| Gains (Losses) Related to Foreign Currency Translation |  | Unrealized Gains (Losses) on Derivative Financial Instruments Classified as Cash Flow Hedges |  | Losses Related to Pension and Other Postretirement Benefits |  | Unrealized Holding Gains on Available-for-Sale Securities |  | Total
| (In thousands)
Balance, beginning of period | $ | (265,714 | ) |  | $ | 99 |  |  | $ | (64,243 | ) |  | $ | — |  |  | $ | (329,858 | )
Granite Holdings Sàrl common-control transaction | 204,577 |  |  | (1,368 | ) |  | — |  |  | — |  |  | 203,209 |
Other comprehensive income (loss) before reclassifications | 92,364 |  |  | (137 | ) |  | (2,539 | ) |  | — |  |  | 89,688 |
Amounts reclassified from accumulated other comprehensive loss to net income | — |  |  | 9 |  |  | 435 |  |  | — |  |  | 444 |
Net current period other comprehensive income (loss) | 92,364 |  |  | (128 | ) |  | (2,104 | ) |  | — |  |  | 90,132 |
Balance, end of period | $ | 31,227 |  |  | $ | (1,397 | ) |  | $ | (66,347 | ) |  | $ | — |  |  | $ | (36,517 | )
| Thirty-Nine Weeks Ended September 25, 2016(a)
| Losses Related to Foreign Currency Translation |  | Unrealized Gains (Losses) on Derivative Financial Instruments Classified as Cash Flow Hedges |  | Losses Related to Pension and Other Postretirement Benefits |  | Unrealized Holding Gains on Available-for-Sale Securities |  | Total
| (In thousands)
Balance, beginning of period | $ | (32,482 | ) |  | $ | (61 | ) |  | $ | (58,997 | ) |  | $ | 67 |  |  | $ | (91,473 | )
Other comprehensive income (loss) before reclassifications | (171,509 | ) |  | 167 |  |  | (7,158 | ) |  | 265 |  |  | $ | (178,235 | )
Amounts reclassified from accumulated other comprehensive loss to net income | — |  |  | (35 | ) |  | 307 |  |  | (332 | ) |  | $ | (60 | )
Net current period other comprehensive income (loss) | (171,509 | ) |  | 132 |  |  | (6,851 | ) |  | (67 | ) |  | (178,295 | )
Balance, end of period | $ | (203,991 | ) |  | $ | 71 |  |  | $ | (65,848 | ) |  | $ | — |  |  | $ | (269,768 | )
(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 |
|  | Amounts Reclassified from Accumulated Other Comprehensive Loss(a) |  |
Details about Accumulated Other Comprehensive Loss Components |  | Thirty-Nine Weeks Ended September 24, 2017 |  | Thirty-Nine Weeks Ended September 25, 2016 |  | Affected Line Item in the Condensed Consolidated and Combined Statements of Income
|  | (In thousands) |  |
Realized gain (loss) on settlement of derivative financial instruments classified as cash flow hedges |  | $ | (9 | ) |  | $ | 35 |  |  | Cost of sales
Realized gain on sale of securities |  | — |  |  | 534 |  |  | Interest income
Amortization of defined benefit pension and other postretirement plan actuarial losses: |  |  |  |  |  |
Union employees pension plan(b)(d) |  | (18 | ) |  | (15 | ) |  | Cost of sales
Legacy Gold Kist plans(c)(d) |  | (212 | ) |  | (149 | ) |  | Cost of sales
Legacy Gold Kist plans(c)(d) |  | (469 | ) |  | (330 | ) |  | Selling, general and administrative expense
Total before tax |  | (708 | ) |  | 75 |  |  |
Tax benefit (expense) |  | 264 |  |  | (15 | ) |  |
Total reclassification for the period |  | $ | (444 | ) |  | $ | 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 13. Pension and Other Postretirement Benefits” to the Condensed Consolidated and Combined Financial Statements.

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