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Derivatives (Tables) | 9 Months Ended
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Sep. 28, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The following table presents the fair value of the Company’s derivative instruments under FASB authoritative guidance as of September 28, 2013 and December 29, 2012 (in thousands):
Derivatives Designated | Balance Sheet | Asset Derivatives Fair Value
as Hedges | Location | September 28, 2013 | December 29, 2012
Corn options | Other current assets | $ | 3,118 |  | $ | 490 |
Natural gas swaps | Other current assets | 18 |  | 11 |
Total asset derivatives designated as hedges | $ | 3,136 |  | $ | 501 |
Derivatives Not Designated as Hedges |  |  |  |  |
Heating oil swaps and options | Other current assets | $ | 147 |  | $ | 104 |
Corn futures | Other current assets | — |  | 117 |
Total asset derivatives not designated as hedges | $ | 147 |  | $ | 221 |
Total asset derivatives |  | $ | 3,283 |  | $ | 722 |
Derivatives Designated | Balance Sheet | Liability Derivatives Fair Value
as Hedges | Location | September 28, 2013 | December 29, 2012
Natural gas swaps | Accrued expenses | $ | 29 |  | $ | 21 |
Total liability derivatives designated as hedges | $ | 29 |  | $ | 21 |
Derivatives Not Designated as Hedges |  |  |  |  |
Heating oil swaps and options | Accrued expenses | $ | 9 |  | $ | 4 |
Corn options | Accrued expenses | — |  | 119 |
Total liability derivatives not designated as hedges | $ | 9 |  | $ | 123 |
Total liability derivatives | $ | 38 |  | $ | 144 |
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance | The effect of the Company’s derivative instruments on the consolidated financial statements as of and for the three months ended September 28, 2013 and September 29, 2012 is as follows (in thousands):
Derivatives Designated as Cash Flow Hedges | Gain or (Loss) Recognized in OCI on Derivatives (Effective Portion) (a) | Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) (b) | Gain or (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing) (c)
| 2013 | 2012 | 2013 | 2012 | 2013 | 2012
Interest rate swaps | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Corn options | 2,676 |  | — |  | 2,155 |  | — |  | 215 |  | 1 |
Natural gas swaps | (14 | ) | (123 | ) | (95 | ) | (259 | ) | 1 |  | 5 |
Total | $ | 2,662 |  | $ | (123 | ) | $ | 2,060 |  | $ | (259 | ) | $ | 216 |  | $ | 6 |
(a) | Amount recognized in accumulated OCI (effective portion) is reported as accumulated other comprehensive income/(loss) of approximately $2.7 million and approximately $0.1 million recorded net of taxes of approximately $1.0 million and less than $0.1 million as of September 28, 2013 and September 29, 2012, respectively.
(b) | Gains and (losses) reclassified from accumulated OCI into income (effective portion) for interest rate swaps is included in interest expense and corn options and natural gas swaps are included in cost of sales, respectively, in the Company’s consolidated statements of operations.
(c) | Gains and (losses) recognized in income on derivatives (ineffective portion) for interest rate swaps, corn options and natural gas swaps is included in other income/(expense), net in the Company’s consolidated statements of operations.
The effect of the Company’s derivative instruments on the consolidated financial statements as of and for the nine months ended September 28, 2013 and September 29, 2012 is as follows (in thousands):
Derivatives Designated as Cash Flow Hedges | Gain or (Loss) Recognized in OCI on Derivatives (Effective Portion) (a) | Gain or (Loss) Reclassified From Accumulated OCI into Income (Effective Portion) (b) | Gain or (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing) (c)
| 2013 | 2012 | 2013 | 2012 | 2013 | 2012
Interest rate swaps | $ | — |  | $ | — |  | $ | — |  | $ | (260 | ) | $ | — |  | $ | — |
Corn options | 5,717 |  | — |  | 3,063 |  | — |  | 249 |  | 1 |
Natural gas swaps | 73 |  | (606 | ) | 92 |  | (1,267 | ) | 8 |  | 8 |
Total | $ | 5,790 |  | $ | (606 | ) | $ | 3,155 |  | $ | (1,527 | ) | $ | 257 |  | $ | 9 |
(a) | Amount recognized in accumulated OCI (effective portion) is reported as accumulated other comprehensive income/(loss) of approximately $5.8 million and approximately $0.6 million recorded net of taxes of approximately $2.2 million and $0.2 million as of September 28, 2013 and September 29, 2012, respectively.
(b) | Gains and (losses) reclassified from accumulated OCI into income (effective portion) for interest rate swaps is included in interest expense and corn options and natural gas swaps are included in cost of sales, respectively, in the Company’s consolidated statements of operations.
(c) | Gains and (losses) recognized in income on derivatives (ineffective portion) for interest rate swaps, corn options and natural gas swaps is included in other income/(expense), net in the Company’s consolidated statements of operations.

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=7476318&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=7476318&loc=SL5624163-113959 + Details
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