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Accumulated Other Comprehensive Income
 3 Months Ended
Apr. 05, 2015
Accumulated Other Comprehensive Income

K. Accumulated Other Comprehensive Income

Changes in accumulated other comprehensive income, which is presented net of tax, consist of the following:

 

    

For the Three Months Ended

April 5, 2015

         
     Unrealized Gains on
Marketable Securities		      Retirement Plans
Prior Service Credit		      Total  
     (in thousands)  

Balance at December 31, 2014, net of tax of $1,598, $(453)

    $ 2,365       $ 2,324       $ 4,689   
  

 

 

     

 

 

     

 

 

  

Other comprehensive income before reclassifications, net of tax of $704

   1,799      —       1,799   

Amounts reclassified from accumulated other comprehensive income, net of tax of $(169), $(42)

   (330 )    (74 )    (404 ) 
  

 

 

     

 

 

     

 

 

  

Net current period other comprehensive income, net of tax of $535, $(42)

   1,469      (74 )    1,395   
  

 

 

     

 

 

     

 

 

  

Balance at April 5, 2015, net of tax of $2,133, $(495)

 $ 3,834    $ 2,250    $ 6,084   
  

 

 

     

 

 

     

 

 

  

 

    

For the Three Months Ended

March 30, 2014

         
     Unrealized Gains on
Marketable Securities		      Retirement Plans
Prior Service Credit		      Total  
     (in thousands)  

Balance at December 31, 2013, net of tax of $794, $(284)

    $ 1,381       $ 2,619       $ 4,000   
  

 

 

     

 

 

     

 

 

  

Other comprehensive income before reclassifications, net of tax of $654

   1,139      —       1,139   

Amounts reclassified from accumulated other comprehensive income, net of tax of $(102), $(42)

   (176 )    (73 )    (249 ) 
  

 

 

     

 

 

     

 

 

  

Net current period other comprehensive income, net of tax of $552, $(42)

   963      (73 )    890   
  

 

 

     

 

 

     

 

 

  

Balance at March 30, 2014, net of tax of $1,346, $(326)

 $ 2,344    $ 2,546    $ 4,890   
  

 

 

     

 

 

     

 

 

  

Reclassifications out of accumulated other comprehensive income to the statement of operations for the three months ended April 5, 2015 and March 30, 2014, were as follows:

 

Details about Accumulated Other Comprehensive Income Components

    For the Three Months Ended      Affected Line Item
in the Statements
of Operations
     April 5,
2015		      March 30,
2014		       
     (in thousands)       

Available-for-sale marketable securities:

         

Unrealized gains, net of tax of $169, $102

    $ 330       $ 176       Interest income

Amortization of defined benefit pension and postretirement plans:

         

Prior service benefit, net of tax of $42, $42

      74         73       (a)
  

 

 

     

 

 

     

Total reclassifications, net of tax of $211, $144

 $ 404    $ 249    Net income
  

 

 

     

 

 

     

 

(a) The amortization of prior service benefit is included in the computation of net periodic pension cost and postretirement benefit; see Note N: “Retirement Plans.”