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STOCKHOLDERS' EQUITY (Tables) | 3 Months Ended
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Mar. 27, 2022
Equity [Abstract] |
Schedule of Changes in Accumulated Other Comprehensive Loss | The following tables provide information regarding the changes in accumulated other comprehensive income (loss):
| Three Months Ended March 27, 2022(a)
| Gains (Losses) Related to Foreign Currency Translation |  | Losses on Derivative Financial Instruments Classified as Cash Flow Hedges |  | Losses Related to Pension and Other Postretirement Benefits |  | Total
| (In thousands)
Balance, beginning of period | $ | 27,241 |  |  | $ | (2,365) |  |  | $ | (72,873) |  |  | $ | (47,997) |
Other comprehensive income before reclassifications | (58,202) |  |  | 523 |  |  | 6,479 |  |  | (51,200) |
Amounts reclassified from accumulated other comprehensive income to net income | — |  |  | 115 |  |  | 175 |  |  | 290 |
Currency translation | — |  |  | 5 |  |  | — |  |  | 5 |
Net current period other comprehensive income (loss) | (58,202) |  |  | 643 |  |  | 6,654 |  |  | (50,905) |
Balance, end of period | $ | (30,961) |  |  | $ | (1,722) |  |  | $ | (66,219) |  |  | $ | (98,902) |
(a) All amounts are net of tax. Amounts in parentheses represent income (expenses) related to results of operations.
| Three Months Ended March 28, 2021(a)
| Gains Related to Foreign Currency Translation |  | Gains on Derivative Financial Instruments Classified as Cash Flow Hedges |  | Losses Related to Pension and Other Postretirement Benefits |  | Total
| (In thousands)
Balance, beginning of period | $ | 82,782 |  |  | $ | (1,191) |  |  | $ | (102,211) |  |  | $ | (20,620) |
Other comprehensive income before reclassifications | 33,291 |  |  | 1,463 |  |  | 22,897 |  |  | 57,651 |
Amounts reclassified from accumulated other comprehensive loss to net income | — |  |  | (200) |  |  | 436 |  |  | 236 |
Currency translation | — |  |  | 12 |  |  | — |  |  | 12 |
Net current period other comprehensive income | 33,291 |  |  | 1,275 |  |  | 23,333 |  |  | 57,899 |
Balance, end of period | $ | 116,073 |  |  | $ | 84 |  |  | $ | (78,878) |  |  | $ | 37,279 |
(a) All amounts are net of tax. Amounts in parentheses represent income (expenses) related to results of operations.
Schedule of Reclassification from Accumulated Other Comprehensive Loss |
|  | Amount Reclassified from Accumulated Other Comprehensive Income(a) |  |
Details about Accumulated Other Comprehensive Income Components |  | Three Months Ended March 27, 2022 |  | Three Months Ended March 28, 2021 |  | Affected Line Item in the Condensed Consolidated Statements of Income
|  | (In thousands) |  |
Realized gain on settlement of foreign currency derivatives classified as cash flow hedges |  | $ | 32 |  |  | $ | 278 |  |  | Net sales
Realized gain (loss) on settlement of foreign currency derivatives classified as cash flow hedges |  | (91) |  |  | 22 |  |  | Cost of sales
Realized loss on settlement of interest rate swap derivatives classified as cash flow hedges |  | (98) |  |  | (132) |  |  | Interest expense, net of capitalized interest
Amortization of pension and other postretirement plan actuarial losses(b) |  | (232) |  |  | (571) |  |  | Miscellaneous, net
Total before tax |  | (389) |  |  | (403) |  |  |
Tax expense |  | 99 |  |  | 167 |  |  |
Total reclassification for the period |  | $ | (290) |  |  | $ | (236) |  |  |
(a) Positive amounts represent income to the results of operations while amounts in parentheses represent expenses to the results of operations. (b) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See “Note 14. Pension and Other Postretirement Benefits.”

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