ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

4 Months Ended

Apr. 25, 2015

Summary of Reclassifications Out of Accumulated Other Comprehensive Loss

During the sixteen weeks ended April 25, 2015 and April 19, 2014, reclassifications out of accumulated other comprehensive loss were as follows (amounts in thousands):


	For the Sixteen Weeks Ended
	April 25, 2015			April 19, 2014
Details about accumulated other comprehensive income components (Note 2)	Amount reclassified from Accumulated Other Comprehensive Loss			Amount reclassified from Accumulated Other Comprehensive Loss			Affected Line Item in the Statement Where Net Income is Presented
Gains and losses on cash flow hedges:
Interest rate contracts	$	(77	)	$	(77	)	Interest income (expense)
Commodity contracts		(2,504	)		(4,917	)	Cost of sales, Note 3, below

Total before tax	$	(2,581	)	$	(4,994	)	Total before tax
Tax (expense) or benefit		994			1,923		Tax (expense) or benefit

Total net of tax	$	(1,587	)	$	(3,071	)	Net of tax

Amortization of defined benefit pension items:
Prior-service credits	$	144		$	144		Note 1, below
Actuarial losses		(1,352	)		(414	)	Note 1, below

Total before tax	$	(1,208	)	$	(270	)	Total before tax
Tax (expense) or benefit		465			104		Tax (expense) or benefit

Total net of tax	$	(743	)	$	(166	)	Net of tax

Total reclassifications	$	(2,330	)	$	(3,237	)	Net of tax


Note 1:		These items are included in the computation of net periodic pension cost. See Note 13, Postretirement Plans, for additional information.

Note 2:		Amounts in parentheses indicate debits to determine net income.

Note 3:		Amounts are presented as an adjustment to reconcile net income to net cash provided by operating activities on the Condensed Consolidated Statements of Cash Flows.

Changes to Accumulated Other Comprehensive Loss, Net of Income Tax

During the sixteen weeks ended April 25, 2015, changes to accumulated other comprehensive loss, net of income tax, by component were as follows (amounts in thousands):


	Gains/Losses on Cash Flow Hedges			Defined Benefit Pension Plan Items			Total
Accumulated other comprehensive loss, January 3, 2015	$	(11,408	)	$	(86,612	)	$	(98,020	)
Other comprehensive income before reclassifications		(4,428	)		—			(4,428	)
Reclassified to earnings from accumulated other comprehensive income		1,587			743			2,330

Accumulated other comprehensive loss, April 25, 2015	$	(14,249	)	$	(85,869	)	$	(100,118	)

During the sixteen weeks ended April 19, 2014, changes to accumulated other comprehensive loss, net of income tax, by component were as follows (amounts in thousands):


	Gains/Losses on Cash Flow Hedges			Defined Benefit Pension Plan Items			Total
Accumulated other comprehensive (loss), December 28, 2013	$	(11,416	)	$	(51,099	)	$	(62,515	)
Other comprehensive income before reclassifications		15,302			—			15,302
Reclassified to earnings from accumulated other comprehensive income (loss)		3,071			166			3,237

Accumulated other comprehensive income (loss), April 19, 2014	$	6,957		$	(50,933	)	$	(43,976	)

Gain or Loss Reclassified From Accumulated Other Comprehensive Income for Commodity Contracts

The following table presents the net of tax amount of the gain or loss reclassified from accumulated other comprehensive income (“AOCI”) for our commodity contracts (amounts in thousands):


	April 25, 2015			April 19, 2014
Gross (gain) loss reclassified from AOCI into income	$	2,504		$	4,917
Tax (benefit) expense		(964	)		(1,893	)

Net of tax	$	1,540		$	3,024