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DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 9 Months Ended
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Sep. 24, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Outstanding Derivative Instruments and Cash Collateral | Information regarding the Company’s outstanding derivative instruments and cash collateral posted with (owed to) brokers is included in the following table:
| September 24, 2017 |  | December 25, 2016
| (Fair values in thousands)
Fair values: |  |  |
Commodity derivative assets | $ | 3,368 |  |  | $ | 5,439 |
Commodity derivative liabilities | (3,782 | ) |  | (6,827 | )
Foreign currency derivative assets | 586 |  |  | 516 |
Foreign currency derivative liabilities | (387 | ) |  | (153 | )
Cash collateral posted with brokers | 4,841 |  |  | 4,979 |
Derivatives coverage(a): |  |  |
Corn | 0.7 | % |  | 2.3 | %
Soybean meal | 0.2 | % |  | 0.3 | %
Period through which stated percent of needs are covered: |  |  |
Corn | September 2018 |  |  | September 2018 |
Soybean meal | August 2018 |  |  | July 2017 |
(a) | Derivatives coverage is the percent of anticipated commodity needs covered by outstanding derivative instruments through a specified date.
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) | The following tables present the components of the gain or loss on derivatives that qualify as cash flow hedges:
| Gain (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion)
| Thirteen Weeks Ended |  | Thirty-Nine Weeks Ended
| September 24, 2017 |  | September 25, 2016 |  | September 24, 2017 |  | September 25, 2016
| (In thousands)
Foreign currency derivatives | $ | (779 | ) |  | $ | (220 | ) |  | $ | (128 | ) |  | $ | 132 |
Total | $ | (779 | ) |  | $ | (220 | ) |  | $ | (128 | ) |  | $ | 132 |
| Net Realized Gains (Losses) Recognized in Income on Derivative (Ineffective Portion)
| Thirteen Weeks Ended |  | Thirty-Nine Weeks Ended
| September 24, 2017 |  | September 25, 2016 |  | September 24, 2017 |  | September 25, 2016
| (In thousands)
Foreign currency derivatives | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Total | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
| Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
| Thirteen Weeks Ended |  | Thirty-Nine Weeks Ended
| September 24, 2017 |  | September 25, 2016 |  | September 24, 2017 |  | September 25, 2016
| (In thousands)
Foreign currency derivatives | $ | — |  |  | $ | 285 |  |  | $ | (9 | ) |  | $ | 35 |
Total | $ | — |  |  | $ | 285 |  |  | $ | (9 | ) |  | $ | 35 |

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- Definition Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in cash flow hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624163-113959 + Details
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