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DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 6 Months Ended
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Jul. 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 collateral posted with (owed to) brokers is included in the following table:
| July 1, 2018 |  | December 31, 2017
| (Fair values in thousands)
Fair values: |  |  |
Commodity derivative assets | $ | 18,678 |  |  | $ | 722 |
Commodity derivative liabilities | (42,561 | ) |  | (3,847 | )
Foreign currency derivative assets | 527 |  |  | 45 |
Foreign currency derivative liabilities | (278 | ) |  | (211 | )
Collateral posted with brokers(a) | 33,185 |  |  | 8,021 |
Derivatives coverage(b): |  |  |
Corn | 24.7 | % |  | 3.1 | %
Soybean meal | 18.4 | % |  | 1.7 | %
Period through which stated percent of needs are covered: |  |  |
Corn | March 2019 |  |  | March 2019 |
Soybean meal | July 2019 |  |  | December 2018 |
(a) | Collateral posted with brokers consists primarily of cash, short term treasury bills, or other cash equivalents.
(b) | 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 |  | Twenty-Six Weeks Ended
| July 1, 2018 |  | June 25, 2017 |  | July 1, 2018 |  | June 25, 2017
| (In thousands)
Foreign currency derivatives | $ | (98 | ) |  | $ | 622 |  |  | $ | (97 | ) |  | $ | 698 |
Total | $ | (98 | ) |  | $ | 622 |  |  | $ | (97 | ) |  | $ | 698 |
| Net Realized Gains (Losses) Recognized in Income on Derivative (Ineffective Portion)
| Thirteen Weeks Ended |  | Twenty-Six Weeks Ended
| July 1, 2018 |  | June 25, 2017 |  | July 1, 2018 |  | June 25, 2017
| (In thousands)
Foreign currency derivatives | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Total | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
| Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
| Thirteen Weeks Ended |  | Twenty-Six Weeks Ended
| July 1, 2018 |  | June 25, 2017 |  | July 1, 2018 |  | June 25, 2017
| (In thousands)
Foreign currency derivatives | $ | 222 |  |  | $ | (116 | ) |  | $ | 472 |  |  | $ | (67 | )
Total | $ | 222 |  |  | $ | (116 | ) |  | $ | 472 |  |  | $ | (67 | )

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- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=109980867&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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959 + Details
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