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Accumulated Other Comprehensive (Loss) Income
 9 Months Ended
Oct. 02, 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
Swaps

 

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

)

Change in period

 
3.3

 

—

 
1.3

 
4.6

 

Balance October 2, 2016

 

$
(119.6

)

$

—

 
(0.6

)

$
(120.2

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

)

Change in period

 
(5.8

)
35.7

 

—

 
29.9

 

 

 

 

 

 

 

 

 

 

 

Balance September 27, 2015

 

$
(105.5

)

$

—

 

—

 

$
(105.5

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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.