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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 29, 2018 | Dec. 30, 2017 | Dec. 31, 2016
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax | $ 56,233 | $ (79,279) | $ 58,315
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax | 352 | 0 |
Net earnings | 100,306 | 122,319 | 178,391
Foreign currency translation adjustments: |  |  |
Unrealized translation gains (losses) | (65,436) | 79,279 | (58,315)
Gain/(loss) on hedging activities: |  |  |
Unrealized gain (loss) on net investment hedges, net of tax expense (benefit) of $1,894 in 2018, ($880) in 2017 and $2,646 in 2016 |  |  | 4,226
Realized loss on grinding media net investment hedge |  |  | 0
Amortization cost included in interest expense | 423 | 74 | 74
Deferred loss on interest rate hedges |  |  | 0
Commodity hedges |  |  | 0
Derivative adjustment | 4,814 | (1,621) | 4,300
Actuarial gain (loss) in defined benefit pension plan, net of tax expense (benefit) of ($10,732) in 2015, ($3,450) in 2014, and ($10,143) in 2013 | 29,885 | (10,871) | (24,141)
Other comprehensive income (loss) | (21,534) | 66,787 | (78,156)
Comprehensive income | 78,772 | 189,106 | 100,235
Comprehensive income attributable to noncontrolling interests | (8,584) | (5,529) | (6,144)
Comprehensive income attributable to Valmont Industries, Inc. | $ 70,188 | $ 183,577 | $ 94,091

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