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Accumulated Other Comprehensive (Loss) Income
 6 Months Ended
Jul. 03, 2016
Accumulated Other Comprehensive (Loss) Income  
Accumulated Other Comprehensive (Loss) Income

9.Accumulated Other Comprehensive (Loss) Income

 

Accumulated other comprehensive (loss) income consists of the following

 

 

 

Foreign
Currency
Translation

 

Pension
Adjustment

 

Interest Rate
Swap

 

Accumulated Other
Comprehensive
Income (Loss)

 

 

 

(in millions)

 

 

 

 

 

 

 

 

 

 

 

Balance December 31, 2015

 

$
(128.2

)

$

—

 

—

 

$
(128.2

)

Change in period

 
24.4

 

—

 
(0.2

)
24.2

 

 

 

 

 

 

 

 

 

 

 

Balance April 3, 2016

 

$
(103.8

)

$

—

 
(0.2

)

$
(104.0

)

Change in period

 
(12.2

)

—

 
(1.7

)
(13.9

)

Reversal of foreign currency translation

 
(6.9

)

—

 

—

 
(6.9

)

 

 

 

 

 

 

 

 

 

 

Balance July 3, 2016

 

$
(122.9

)

$

—

 
(1.9

)

$
(124.8

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance December 31, 2014

 

$
(53.0

)

$
(36.1

)

—

 

$
(89.1

)

Change in period

 
(65.1

)
0.2

 

—

 
(64.9

)

 

 

 

 

 

 

 

 

 

 

Balance March 29, 2015

 

$
(118.1)

 

$
(35.9

)

—

 

$
(154.0

)

Change in period

 
18.4

 
0.2

 

—

 
18.6

 

 

 

 

 

 

 

 

 

 

 

Balance June 28, 2015

 

$
(99.7

)

$
(35.7

)

—

 

$
(135.4

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The reversal of foreign currency translation relates to the sale of an operating subsidiary in China which was finalized in the second quarter of 2016. The Company recognized an after-tax gain of $8.3 million, which included a non-cash accumulated currency translation adjustment of $6.9 million that was reclassified out of accumulated other comprehensive loss to net income.