XML 64 R48.htm IDEA: XBRL DOCUMENT
v3.10.0.1

STOCKHOLDERS' EQUITY (Tables) | 12 Months Ended
--- | ---
Dec. 30, 2018
Equity [Abstract] |
Schedule of Changes in Accumulated Other Comprehensive Loss | The following tables provide information regarding the changes in accumulated other comprehensive loss during 2018 and 2017:
| 2018(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 year | $ | 42,081 |  |  | $ | (1,848 | ) |  | $ | (71,434 | ) |  | $ | 61 |  |  | $ | (31,140 | )
Other comprehensive income (loss) before reclassifications | (97,851 | ) |  | 829 |  |  | (939 | ) |  | 867 |  |  | (97,094 | )
Amounts reclassified from accumulated other comprehensive loss to net income | — |  |  | 348 |  |  | 910 |  |  | (846 | ) |  | 412 |
Impact of currency translation | — |  |  | (12 | ) |  | — |  |  | — |  |  | (12 | )
Net current year other comprehensive income (loss) | (97,851 | ) |  | 1,165 |  |  | (29 | ) |  | 21 |  |  | (96,694 | )
Balance, end of year | $ | (55,770 | ) |  | $ | (683 | ) |  | $ | (71,463 | ) |  | $ | 82 |  |  | $ | (127,834 | )
| 2017(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 year | $ | (265,714 | ) |  | $ | 99 |  |  | $ | (64,243 | ) |  | $ | — |  |  | $ | (329,858 | )
Granite-Holdings Sarl common-control transaction | 204,577 |  |  | (1,368 | ) |  | — |  |  | — |  |  | 203,209 |
Other comprehensive income (loss) before reclassifications | 103,218 |  |  | 60 |  |  | (7,770 | ) |  | 82 |  |  | 95,590 |
Amounts reclassified from accumulated other comprehensive loss to net income | — |  |  | (639 | ) |  | 579 |  |  | (21 | ) |  | (81 | )
Net current year other comprehensive income (loss) | 103,218 |  |  | (579 | ) |  | (7,191 | ) |  | 61 |  |  | 95,509 |
Balance, end of year | $ | 42,081 |  |  | $ | (1,848 | ) |  | $ | (71,434 | ) |  | $ | 61 |  |  | $ | (31,140 | )
(a) | All amounts are net of tax. Amounts in parentheses indicate debits.
Schedule of Reclassification from Accumulated Other Comprehensive Loss |
Details about Accumulated Other Comprehensive Loss Components |  | Amount Reclassified from Accumulated Other Comprehensive Loss(a) |  | Affected Line Item in the Consolidated and Combined Statements of Income
| 2018 |  | 2017 |
|  | (In thousands) |  |
Realized gain (loss) on settlement of derivative financial instruments classified as cash flow hedges |  | $ | (348 | ) |  | $ | 639 |  |  | Cost of sales
Realized gain on sale of securities |  | 1,118 |  |  | 34 |  |  | Interest income
Amortization of pension and other postretirement plan actuarial losses: |  |  |  |  |  |
Union employees pension plan(b)(d) |  | (49 | ) |  | (24 | ) |  | 2018-Miscellaneous, net; 2017-Cost of sales
Legacy Gold Kist plans(c)(d) |  | (360 | ) |  | (283 | ) |  | 2018-Miscellaneous, net; 2017-Cost of sales
Legacy Gold Kist plans(c)(d) |  | (794 | ) |  | (625 | ) |  | 2018-Miscellaneous, net; 2017-SG&A expense
Total before tax |  | (433 | ) |  | (259 | ) |  |
Tax expense |  | 21 |  |  | 340 |  |  |
Total reclassification for the period |  | $ | (412 | ) |  | $ | 81 |  |  |
(a) | Amounts in parentheses represent debits to results of operations.
(b) | The Company sponsors the Union Plan, a qualified defined benefit pension plan covering certain locations or work groups with collective bargaining agreements.
(c) | The Company sponsors the GK Pension Plan, 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 SERP Plan, a nonqualified defined benefit retirement plan covering certain former Gold Kist executives, the Directors’ Emeriti Plan, a nonqualified defined benefit retirement plan covering certain former Gold Kist directors and the Retiree Life Plan, a defined benefit postretirement life insurance plan covering certain retired Gold Kist employees (collectively, the “Legacy Gold Kist Plans”).
(d) | These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See “Note 14. Pension and Other Postretirement Benefits” to the Consolidated and Combined Financial Statements.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=114867106&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration