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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) ("AOCI") | 9 Months Ended
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Oct. 08, 2016
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract] |
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) ("AOCI") | 5. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (“AOCI”) The company’s total comprehensive income presently consists of net income, adjustments for our derivative financial instruments accounted for as cash flow hedges, and various pension and other postretirement benefit related items. During the twelve and forty weeks ended October 8, 2016 and October 10, 2015, reclassifications out of accumulated other comprehensive loss were as follows (amounts in thousands):
|  | Amount Reclassified from AOCI |  |  |
|  | For the Twelve Weeks Ended |  |  | Affected Line Item in the Statement
Details about AOCI Components (Note 2) |  | October 8, 2016 |  |  | October 10, 2015 |  |  | Where Net Income is Presented
Gains and losses on cash flow hedges: |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | $ | (62 | ) |  | $ | (57 | ) |  | Interest expense
Commodity contracts |  |  | (1,144 | ) |  |  | (1,724 | ) |  | Cost of sales, Note 3
Total before tax |  |  | (1,206 | ) |  |  | (1,781 | ) |  | Total before tax
Tax benefit |  |  | 464 |  |  |  | 685 |  |  | Tax benefit
Total net of tax |  |  | (742 | ) |  |  | (1,096 | ) |  | Net of tax
Amortization of defined benefit pension items: |  |  |  |  |  |  |  |  |  |
Prior-service (cost) credits |  |  | (47 | ) |  |  | 108 |  |  | Note 1
Settlement loss |  |  | (1,832 | ) |  |  | — |  |  | Note 1
Actuarial losses |  |  | (2,070 | ) |  |  | (1,014 | ) |  | Note 1
Total before tax |  |  | (3,949 | ) |  |  | (906 | ) |  | Total before tax
Tax benefit |  |  | 1,520 |  |  |  | 349 |  |  | Tax benefit
Total net of tax |  |  | (2,429 | ) |  |  | (557 | ) |  | Net of tax
Total reclassifications |  | $ | (3,171 | ) |  | $ | (1,653 | ) |  | Net of tax
|  | Amount Reclassified from AOCI |  |  |
|  | For the Forty Weeks Ended |  |  | Affected Line Item in the Statement
Details about AOCI Components (Note 2) |  | October 8, 2016 |  |  | October 10, 2015 |  |  | Where Net Income is Presented
Gains and losses on cash flow hedges: |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | $ | (197 | ) |  | $ | (192 | ) |  | Interest expense
Commodity contracts |  |  | (4,174 | ) |  |  | (6,205 | ) |  | Cost of sales, Note 3
Total before tax |  |  | (4,371 | ) |  |  | (6,397 | ) |  | Total before tax
Tax benefit |  |  | 1,683 |  |  |  | 2,463 |  |  | Tax benefit
Total net of tax |  |  | (2,688 | ) |  |  | (3,934 | ) |  | Net of tax
Amortization of defined benefit pension items: |  |  |  |  |  |  |  |  |  |
Prior-service (cost) credits |  |  | (128 | ) |  |  | 361 |  |  | Note 1
Settlement loss |  |  | (6,473 | ) |  |  | — |  |  | Note 1
Actuarial losses |  |  | (4,779 | ) |  |  | (3,381 | ) |  | Note 1
Total before tax |  |  | (11,380 | ) |  |  | (3,020 | ) |  | Total before tax
Tax benefit |  |  | 4,381 |  |  |  | 1,163 |  |  | Tax benefit
Total net of tax |  |  | (6,999 | ) |  |  | (1,857 | ) |  | Net of tax
Total reclassifications |  | $ | (9,687 | ) |  | $ | (5,791 | ) |  | Net of tax
Note 1: | These items are included in the computation of net periodic pension cost. See Note 14, Post-retirement 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.
During the forty weeks ended October 8, 2016, changes to accumulated other comprehensive loss, net of income tax, by component were as follows (amounts in thousands and brackets denote a debit balance):
|  | Gains/Losses on Cash Flow Hedges |  |  | Defined Benefit Pension Plan Items |  |  | Total |
Accumulated other comprehensive loss, January 2, 2016 |  | $ | (10,190 | ) |  | $ | (86,610 | ) |  | $ | (96,800 | )
Other comprehensive income before reclassifications |  |  | 2,496 |  |  |  | (38,121 | ) |  |  | (35,625 | )
Reclassified to earnings from accumulated other comprehensive loss |  |  | 2,688 |  |  |  | 6,999 |  |  |  | 9,687 |
Accumulated other comprehensive loss, October 8, 2016 |  | $ | (5,006 | ) |  | $ | (117,732 | ) |  | $ | (122,738 | )
During the forty weeks ended October 10, 2015, changes to accumulated other comprehensive loss, net of income tax, by component were as follows (amounts in thousands and brackets denote a debit balance):
|  | 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 |  |  | (1,262 | ) |  |  | — |  |  |  | (1,262 | )
Reclassified to earnings from accumulated other comprehensive loss |  |  | 3,934 |  |  |  | 1,857 |  |  |  | 5,791 |
Accumulated other comprehensive loss, October 10, 2015 |  | $ | (8,736 | ) |  | $ | (84,755 | ) |  | $ | (93,491 | )
Amounts reclassified out of accumulated other comprehensive loss to net income that relate to commodity contracts are presented as an adjustment to reconcile net income to net cash provided by operating activities on the Condensed Consolidated Statements of Cash Flows. The following table presents the net of tax amount of the loss reclassified from accumulated other comprehensive income (“AOCI”) for our commodity contracts (amounts in thousands):
|  | For the Forty Weeks Ended |
|  | October 8, 2016 |  |  | October 10, 2015 |
Gross loss reclassified from AOCI into income |  | $ | 4,174 |  |  | $ | 6,205 |
Tax benefit |  |  | (1,607 | ) |  |  | (2,388 | )
Net of tax |  | $ | 2,567 |  |  | $ | 3,817 |

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e689-108580 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=66004124&loc=SL7669619-108580 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e640-108580 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e716-108580 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e709-108580 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e637-108580 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e681-108580 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Reclassification Adjustments -URI http://asc.fasb.org/extlink&oid=6522872 + Details
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