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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Apr. 01, 2018

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:

	April 1, 2018				December 31, 2017
	(Fair values in thousands)
Fair values:
Commodity derivative assets	$	8,110			$	722
Commodity derivative liabilities	(9,807		)		(3,847		)
Foreign currency derivative assets	483				45
Foreign currency derivative liabilities	(433		)		(211		)
Cash collateral posted with brokers	10,657				8,021
Derivatives coverage(a):
Corn	11.0		%		3.1		%
Soybean meal	12.7		%		1.7		%
Period through which stated percent of needs are covered:
Corn	December 2019				March 2019
Soybean meal	January 2019				December 2018

(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
	April 1, 2018				March 26, 2017
	(In thousands)
Foreign currency derivatives	$	1			$	76
Total	$	1			$	76
	Net Realized Gains (Losses) Recognized in Income on Derivative (Ineffective Portion)
	Thirteen Weeks Ended
	April 1, 2018				March 26, 2017
	(In thousands)
Foreign currency derivatives	$	—			$	—
Total	$	—			$	—
	Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
	Thirteen Weeks Ended
	April 1, 2018				March 26, 2017
	(In thousands)
Foreign currency derivatives	$	250			$	49
Total	$	250			$	49

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- References

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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

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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

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