Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 28, 2013 | Nov. 07, 2013 | |
Document and Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 28-Sep-13 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Document Fiscal Year Focus | '2013 | ' |
Entity Registrant Name | 'WEIS MARKETS INC | ' |
Entity Central Index Key | '0000105418 | ' |
Current Fiscal Year End Date | '--12-28 | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 26,898,443 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 28, 2013 | Dec. 29, 2012 |
In Thousands, unless otherwise specified | ||
Assets | ' | ' |
Cash and cash equivalents | $28,224 | $21,439 |
Marketable securities | 73,689 | 82,501 |
Accounts receivable, net | 54,124 | 53,842 |
Inventories | 233,419 | 245,243 |
Prepaid expenses | 18,340 | 10,132 |
Income taxes recoverable | 4,624 | 0 |
Total current assets | 412,420 | 413,157 |
Property and equipment, net | 682,964 | 638,634 |
Goodwill | 35,162 | 35,162 |
Intangible and other assets, net | 3,190 | 3,487 |
Total assets | 1,133,736 | 1,090,440 |
Liabilities | ' | ' |
Accounts payable | 130,448 | 126,258 |
Accrued expenses | 30,340 | 27,193 |
Accrued self-insurance | 19,345 | 18,544 |
Deferred revenue, net | 4,455 | 6,635 |
Income taxes payable | 0 | 1,359 |
Deferred income taxes | 7,711 | 3,420 |
Total current liabilities | 192,299 | 183,409 |
Postretirement benefit obligations | 16,326 | 15,206 |
Deferred income taxes | 93,160 | 89,109 |
Other | 5,945 | 7,026 |
Total liabilities | 307,730 | 294,750 |
Shareholders' Equity | ' | ' |
Common stock, no par value, 100,800,000 shares authorized, 33,047,807 shares issued | 9,949 | 9,949 |
Retained earnings | 963,370 | 931,579 |
Accumulated other comprehensive income (Net of deferred taxes of $2,478 in 2013 and $3,506 in 2012) | 3,544 | 5,019 |
Shareholders' equity before treasury stock | 976,863 | 946,547 |
Treasury stock at cost, 6,149,364 shares | -150,857 | -150,857 |
Total shareholders' equity | 826,006 | 795,690 |
Total liabilities and shareholders' equity | $1,133,736 | $1,090,440 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, except Share data, unless otherwise specified | Sep. 28, 2013 | Dec. 29, 2012 |
Consolidated Balance Sheets [Abstract] | ' | ' |
Common Stock, No Par Value | ' | ' |
Common Stock, Shares Authorized | 100,800,000 | 100,800,000 |
Common Stock, Shares Issued | 33,047,807 | 33,047,807 |
Deferred Tax, Other Comprehensive Income | $2,478 | $3,506 |
Treasury Stock, Shares | 6,149,364 | 6,149,364 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 |
Consolidated Statements of Income [Abstract] | ' | ' | ' | ' |
Net sales | $661,412 | $668,391 | $2,006,196 | $2,007,097 |
Cost of sales, including warehousing and distribution expenses | 478,649 | 487,115 | 1,441,984 | 1,455,097 |
Gross profit on sales | 182,763 | 181,276 | 564,212 | 552,000 |
Operating, general, and administrative expenses | 164,919 | 154,814 | 477,835 | 459,800 |
Income from operations | 17,844 | 26,462 | 86,377 | 92,200 |
Investment income | 1,129 | 769 | 3,931 | 2,988 |
Other Income | 0 | 0 | 0 | 414 |
Income before provision for income taxes | 18,973 | 27,231 | 90,308 | 95,602 |
Provision for income taxes | 7,281 | 10,053 | 34,308 | 35,195 |
Net income | $11,692 | $17,178 | $56,000 | $60,407 |
Weighted-average shares outstanding, basic and diluted | 26,898,443 | 26,898,443 | 26,898,443 | 26,898,443 |
Cash dividends per share | $0.30 | $0.30 | $0.90 | $0.90 |
Basic and diluted earnings per share | $0.43 | $0.64 | $2.08 | $2.25 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 |
Consolidated Statements of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net income | $11,692 | $17,178 | $56,000 | $60,407 |
Other comprehensive (loss) income by component, net of tax: | ' | ' | ' | ' |
Unrealized holding (losses) gains arising during period (Net of deferred taxes of $85 and $180 respectively for the 13 weeks ended and $257 and $697 respectively for the 39 Weeks Ended) | -154 | 241 | -512 | 926 |
Reclassification adjustment for gains included in net income (Net of deferred taxes of $162 and $0 respectively for the 13 weeks ended and $771 and $314 respectively for the 39 weeks ended) | -202 | 0 | -963 | -394 |
Other comprehensive (loss) income, net of tax | -356 | 241 | -1,475 | 532 |
Comprehensive income, net of tax | $11,336 | $17,419 | $54,525 | $60,939 |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive Income (Parenthetical) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 |
Consolidated Statements of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Unrealized holding (losses) gains arising during period, deferred taxes | $85 | $180 | $257 | $697 |
Reclassification adjustment for gains included in net income, deferred taxes | $162 | $0 | $771 | $314 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 |
Cash flows from operating activities: | ' | ' |
Net income | $56,000 | $60,407 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation | 37,502 | 32,831 |
Amortization | 5,321 | 4,685 |
(Gain) loss on disposition / impairment of fixed assets | -498 | 280 |
Gain on sale of marketable securities | -1,734 | -708 |
Gain on sale of intangible assets | -250 | 0 |
Gain on acquisition of business | 0 | -414 |
Deferred income taxes | 9,370 | 2,045 |
Changes in operating assets and liabilities: | ' | ' |
Inventories | 11,824 | -9,190 |
Accounts receivable and prepaid expenses | -8,490 | -194 |
Income taxes recoverable | -4,624 | 1,187 |
Accounts payable and other liabilities | 5,997 | -8,264 |
Income taxes payable | -1,359 | 12,257 |
Other | -21 | 652 |
Net cash provided by operating activities | 109,038 | 95,574 |
Cash flows from investing activities: | ' | ' |
Purchase of property and equipment | -89,286 | -75,411 |
Proceeds from the sale of property and equipment | 3,626 | 325 |
Purchase of marketable securities | -10,570 | -10,935 |
Proceeds from maturities of marketable securities | 650 | 0 |
Proceeds from the sale of marketable securities | 17,984 | 17,936 |
Acquisition of business | 0 | -6,116 |
Purchase of intangible assets | -698 | -234 |
Proceeds from the sale of intangible assets | 250 | 0 |
Net cash used in investing activities | -78,044 | -74,435 |
Cash flows from financing activities: | ' | ' |
Dividends paid | -24,209 | -24,208 |
Net cash used in financing activities | -24,209 | -24,208 |
Net increase (decrease) in cash and cash equivalents | 6,785 | -3,069 |
Cash and cash equivalents at beginning of year | 21,439 | 37,392 |
Cash and cash equivalents at end of period | $28,224 | $34,323 |
Significant_Accounting_Policie
Significant Accounting Policies | 9 Months Ended |
Sep. 28, 2013 | |
Significant Accounting Policies [Abstract] | ' |
Significant Accounting Policies | ' |
(1) Significant Accounting Policies | |
Basis of Presentation: The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions for Form 10-Q and Article 10 of Regulation S-X. In the opinion of management, all adjustments (consisting of normal recurring deferrals and accruals) considered necessary for a fair presentation have been included. The operating results for the periods presented are not necessarily indicative of the results to be expected for the full year. The Company has evaluated subsequent events for disclosure through the date of issuance of the accompanying unaudited consolidated interim financial statements and there were no material subsequent events which require additional disclosure. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company's latest Annual Report on Form 10-K. | |
Current_Relevant_Accounting_St
Current Relevant Accounting Standards | 9 Months Ended |
Sep. 28, 2013 | |
Current Relevant Accounting Standards [Abstract] | ' |
Current Relevant Accounting Standards | ' |
(2) Current Relevant Accounting Standards | |
In February 2013, FASB issued additional authoritative guidance on comprehensive income and the reporting of amounts reclassified out of accumulated other comprehensive income. This guidance requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required under U.S. GAAP that provide additional detail about those amounts. This new guidance is effective prospectively for reporting periods beginning after December 15, 2012. Adoption of this new guidance required additional disclosures and presentation of items impacting other comprehensive income but did not have an impact on the Company's consolidated financial statements. | |
Marketable_Securities
Marketable Securities | 9 Months Ended | ||||||||
Sep. 28, 2013 | |||||||||
Marketable Securities [Abstract] | ' | ||||||||
Marketable Securities | ' | ||||||||
(3) Marketable Securities | |||||||||
The Company's marketable securities are all classified as available-for-sale. FASB has established three levels of inputs that may be used to measure fair value: | |||||||||
Level 1 Observable inputs such as quoted prices in active markets for identical assets or liabilities; | |||||||||
Level 2 Observable inputs, other than Level 1 inputs in active markets, that are observable either directly or indirectly; and | |||||||||
Level 3 Unobservable inputs for which there is little or no market data, which require the reporting entity to develop its own assumptions. | |||||||||
The Company's marketable securities valued using Level 1 inputs include highly liquid equity securities, for which quoted market prices are available. The Company's bond portfolio is valued using Level 2 inputs. The Company's bonds are valued using a combination of pricing for similar securities, recently executed transactions, cash flow models with yield curves and other pricing models utilizing observable inputs, which are considered Level 2 inputs. | |||||||||
For Level 2 investment valuation, the Company utilizes standard pricing procedures of its investment brokerage firm(s) which include various third party pricing services. These procedures also require specific price monitoring practices as well as pricing review reports, valuation oversight and pricing challenge procedures to maintain the most accurate representation of investment fair market value. In addition, the Company engages an independent firm to value a sample of the Company's municipal bond holdings in order to validate the investment's assigned fair value. | |||||||||
Marketable securities, as of September 28, 2013 and December 29, 2012, consisted of: | |||||||||
Gross | Gross | ||||||||
Unrealized | Unrealized | ||||||||
(dollars in thousands) | Amortized | Holding | Holding | Fair | |||||
28-Sep-13 | Cost | Gains | Losses | Value | |||||
Available-for-sale: | |||||||||
Level 1 | |||||||||
Equity securities | $ | 970 | $ | 6,894 | $ | --- | $ | 7,864 | |
Level 2 | |||||||||
Municipal bonds | 66,697 | 709 | -1,581 | 65,825 | |||||
$ | 67,667 | $ | 7,603 | $ | -1,581 | $ | 73,689 | ||
Gross | Gross | ||||||||
Unrealized | Unrealized | ||||||||
(dollars in thousands) | Amortized | Holding | Holding | Fair | |||||
29-Dec-12 | Cost | Gains | Losses | Value | |||||
Available-for-sale: | |||||||||
Level 1 | |||||||||
Equity securities | $ | 1,136 | $ | 7,714 | $ | --- | $ | 8,850 | |
Level 2 | |||||||||
Municipal bonds | 72,840 | 1,308 | -497 | 73,651 | |||||
$ | 73,976 | $ | 9,022 | $ | -497 | $ | 82,501 | ||
Maturities of marketable securities classified as available-for-sale at September 28, 2013, were as follows: | |||||||||
Amortized | Fair | ||||||||
(dollars in thousands) | Cost | Value | |||||||
Available-for-sale: | |||||||||
Due within one year | $ | 5,431 | $ | 5,140 | |||||
Due after one year through five years | 43,044 | 42,529 | |||||||
Due after five years through ten years | 16,720 | 16,654 | |||||||
Due after ten years | 1,502 | 1,502 | |||||||
Equity securities | 970 | 7,864 | |||||||
$ | 67,667 | $ | 73,689 |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income | 9 Months Ended | |||||||||||||
Sep. 28, 2013 | ||||||||||||||
Accumulated Other Comprehensive Income [Abstract] | ' | |||||||||||||
Accumulated Other Comprehensive Income | ' | |||||||||||||
(4) Accumulated Other Comprehensive Income | ||||||||||||||
All balances in accumulated other comprehensive income are related to available-for-sale marketable securities. The following table sets forth the balance of the Company's accumulated other comprehensive income, net of tax. | ||||||||||||||
Unrealized Gains on | ||||||||||||||
Available-for-Sale | ||||||||||||||
(dollars in thousands) | Marketable Securities | |||||||||||||
Accumulated other comprehensive income balance as of December 29, 2012 | $ | 5,019 | ||||||||||||
Other comprehensive loss before reclassifications | (512 | ) | ||||||||||||
Amounts reclassified from accumulated other comprehensive income | (963 | ) | ||||||||||||
Net current period other comprehensive loss | (1,475 | ) | ||||||||||||
Accumulated other comprehensive income balance as of September 28, 2013 | $ | 3,544 | ||||||||||||
The following table sets forth the effects on net income of the amounts reclassified out of accumulated other comprehensive income for the periods ended September 28, 2013 and September 29, 2012. | ||||||||||||||
Gains (Losses) Reclassified from | ||||||||||||||
Accumulated Other Comprehensive | ||||||||||||||
Income to the Consolidated | ||||||||||||||
Statements of Income | ||||||||||||||
13 Weeks Ended | 39 Weeks Ended | |||||||||||||
(dollars in thousands) | Location | Sept. 28, 2013 | Sept. 29, 2012 | Sept. 28, 2013 | Sept. 29, 2012 | |||||||||
Unrealized gains on available-for-sale marketable securities | Investment income | $ | 364 | $ | --- | $ | 1,734 | $ | ||||||
708 | ||||||||||||||
Provision for income taxes | (162 | ) | --- | (771 | ) | ) | ||||||||
(314 | ||||||||||||||
$ | 202 | $ | --- | $ | 963 | $ | 394 | |||||||
Total amount reclassified, net of tax |
Impairment_Charges
Impairment Charges | 9 Months Ended |
Sep. 28, 2013 | |
Impairment Charges [Abstract] | ' |
Impairment Charges | ' |
(5) Impairment Charges | |
The Company reviews its property and equipment for impairment whenever events or changes in circumstances indicate the carrying value of an asset may not be recoverable. Recoverability is measured by a comparison of the carrying amount to the net undiscounted cash flows expected to be generated by the asset. An impairment loss would be recorded for the excess of net book value over the fair value of the asset impaired. The fair value is estimated based on expected discounted future cash flows. In accordance with Accounting Standards Codification No. 360, Property, Plant and Equipment, the Company recorded a pre-tax charge of $2.1 million in the third quarter of 2013 for the impairment of long-lived assets, including equipment and leasehold improvements. The charge was a result of management determining that the net book value of four properties was impaired. This charge was included as a component of "Operating, general and administrative expenses." | |
Significant_Accounting_Policie1
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 28, 2013 | |
Significant Accounting Policies [Abstract] | ' |
Basis of Accounting, Policy [Policy Text Block] | ' |
Basis of Presentation: The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions for Form 10-Q and Article 10 of Regulation S-X. In the opinion of management, all adjustments (consisting of normal recurring deferrals and accruals) considered necessary for a fair presentation have been included. The operating results for the periods presented are not necessarily indicative of the results to be expected for the full year. The Company has evaluated subsequent events for disclosure through the date of issuance of the accompanying unaudited consolidated interim financial statements and there were no material subsequent events which require additional disclosure. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company's latest Annual Report on Form 10-K. |
Marketable_Securities_Tables
Marketable Securities (Tables) | 9 Months Ended | ||||||||
Sep. 28, 2013 | |||||||||
Marketable Securities [Abstract] | ' | ||||||||
Marketable securities [Table Text Block] | ' | ||||||||
Marketable securities, as of September 28, 2013 and December 29, 2012, consisted of: | |||||||||
Gross | Gross | ||||||||
Unrealized | Unrealized | ||||||||
(dollars in thousands) | Amortized | Holding | Holding | Fair | |||||
28-Sep-13 | Cost | Gains | Losses | Value | |||||
Available-for-sale: | |||||||||
Level 1 | |||||||||
Equity securities | $ | 970 | $ | 6,894 | $ | --- | $ | 7,864 | |
Level 2 | |||||||||
Municipal bonds | 66,697 | 709 | -1,581 | 65,825 | |||||
$ | 67,667 | $ | 7,603 | $ | -1,581 | $ | 73,689 | ||
Gross | Gross | ||||||||
Unrealized | Unrealized | ||||||||
(dollars in thousands) | Amortized | Holding | Holding | Fair | |||||
29-Dec-12 | Cost | Gains | Losses | Value | |||||
Available-for-sale: | |||||||||
Level 1 | |||||||||
Equity securities | $ | 1,136 | $ | 7,714 | $ | --- | $ | 8,850 | |
Level 2 | |||||||||
Municipal bonds | 72,840 | 1,308 | -497 | 73,651 | |||||
$ | 73,976 | $ | 9,022 | $ | -497 | $ | 82,501 | ||
Maturities of marketable securities classified as available-for-sale [Table Text Block] | ' | ||||||||
Amortized | Fair | ||||||||
(dollars in thousands) | Cost | Value | |||||||
Available-for-sale: | |||||||||
Due within one year | $ | 5,431 | $ | 5,140 | |||||
Due after one year through five years | 43,044 | 42,529 | |||||||
Due after five years through ten years | 16,720 | 16,654 | |||||||
Due after ten years | 1,502 | 1,502 | |||||||
Equity securities | 970 | 7,864 | |||||||
$ | 67,667 | $ | 73,689 |
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Tables) | 9 Months Ended | |||||||||||||
Sep. 28, 2013 | ||||||||||||||
Accumulated Other Comprehensive Income [Abstract] | ' | |||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | |||||||||||||
Unrealized Gains on | ||||||||||||||
Available-for-Sale | ||||||||||||||
(dollars in thousands) | Marketable Securities | |||||||||||||
Accumulated other comprehensive income balance as of December 29, 2012 | $ | 5,019 | ||||||||||||
Other comprehensive loss before reclassifications | (512 | ) | ||||||||||||
Amounts reclassified from accumulated other comprehensive income | (963 | ) | ||||||||||||
Net current period other comprehensive loss | (1,475 | ) | ||||||||||||
Accumulated other comprehensive income balance as of September 28, 2013 | $ | 3,544 | ||||||||||||
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | ' | |||||||||||||
Gains (Losses) Reclassified from | ||||||||||||||
Accumulated Other Comprehensive | ||||||||||||||
Income to the Consolidated | ||||||||||||||
Statements of Income | ||||||||||||||
13 Weeks Ended | 39 Weeks Ended | |||||||||||||
(dollars in thousands) | Location | Sept. 28, 2013 | Sept. 29, 2012 | Sept. 28, 2013 | Sept. 29, 2012 | |||||||||
Unrealized gains on available-for-sale marketable securities | Investment income | $ | 364 | $ | --- | $ | 1,734 | $ | ||||||
708 | ||||||||||||||
Provision for income taxes | (162 | ) | --- | (771 | ) | ) | ||||||||
(314 | ||||||||||||||
$ | 202 | $ | --- | $ | 963 | $ | 394 | |||||||
Total amount reclassified, net of tax |
Marketable_Securities_Availabl
Marketable Securities (Available For Sale Securities) (Details) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 28, 2013 | Dec. 29, 2012 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | $67,667 | $73,976 |
Gross Unrealized Holding Gains | 7,603 | 9,022 |
Gross Unrealized Holding Losses | -1,581 | -497 |
Fair Value | 73,689 | 82,501 |
Equity Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 970 | 1,136 |
Gross Unrealized Holding Gains | 6,894 | 7,714 |
Fair Value | 7,864 | 8,850 |
Municipal Bonds [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 66,697 | 72,840 |
Gross Unrealized Holding Gains | 709 | 1,308 |
Gross Unrealized Holding Losses | -1,581 | -497 |
Fair Value | $65,825 | $73,651 |
Marketable_Securities_Maturiti
Marketable Securities (Maturities of Marketable Securities) (Details) (USD $) | Sep. 28, 2013 | Dec. 29, 2012 |
In Thousands, unless otherwise specified | ||
Marketable Securities [Abstract] | ' | ' |
Amortized Cost, Due within one year | $5,431 | ' |
Fair Value, Due within one year | 5,140 | ' |
Amortized Cost, Due after one year through five years | 43,044 | ' |
Fair Value, Due after one year through five years | 42,529 | ' |
Amortized Cost, Due after five years through ten years | 16,720 | ' |
Fair Value, Due after five years through ten years | 16,654 | ' |
Amortized Cost, Due after ten years | 1,502 | ' |
Fair Value, Due after ten years | 1,502 | ' |
Amortized Cost, Equity securities | 970 | ' |
Fair Value, Equity securities | 7,864 | ' |
Available-for-sale Securities, Amortized Cost Basis, Total | 67,667 | 73,976 |
Available-for-sale Securities, Fair Value, Total | $73,689 | $82,501 |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income (Schedule of Accumulated Other Comprehensive Income) (Details) (Accumulated Net Unrealized Investment Gain (Loss) [Member], USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 28, 2013 |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' |
Accumulated other comprehensive income balance as of December 29, 2012 | $5,019 |
Other comprehensive loss before reclassifications | -512 |
Amounts reclassified from accumulated other comprehensive income | -963 |
Net current period other comprehensive loss | -1,475 |
Accumulated other comprehensive income balance as of September 28, 2013 | $3,544 |
Accumulated_Other_Comprehensiv3
Accumulated Other Comprehensive Income (Reclassifications out of Accumulated Other Comprehensive Income) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' |
Investment income | $1,129 | $769 | $3,931 | $2,988 |
Provision for income taxes | -7,281 | -10,053 | -34,308 | -35,195 |
Total amount reclassified, net of tax | 11,692 | 17,178 | 56,000 | 60,407 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' |
Total amount reclassified, net of tax | 202 | ' | 963 | 394 |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' |
Investment income | 364 | ' | 1,734 | 708 |
Provision for income taxes | ($162) | ' | ($771) | ($314) |
Impairment_Charges_Details
Impairment Charges (Details) (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 28, 2013 |
Impairment Charges [Abstract] | ' |
Impairment of Long-Lived Assets Held-for-use | $2.10 |
Impaired Long-Lived Assets Held and Used, Asset Description | 'The charge was a result of management determining that the net book value of four properties was impaired. |