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Other Comprehensive Income | 6 Months Ended
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Jun. 29, 2019
Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Other Comprehensive Income | Other Comprehensive Income The company reports changes in equity during a period, except those resulting from investments by owners and distributions to owners, in accordance with ASC 220, "Comprehensive Income". Changes in accumulated other comprehensive income(1) were as follows (in thousands):
| Currency Translation Adjustment |  | Pension Benefit Costs |  | Unrealized Gain/(Loss) Interest Rate Swap |  | Total
Balance as of December 29, 2018 | $ | (112,771 | ) |  | $ | (170,938 | ) |  | $ | 7,233 |  |  | $ | (276,476 | )
Other comprehensive income before reclassification | (1,762 | ) |  | (9 | ) |  | (25,041 | ) |  | (26,812 | )
Amounts reclassified from accumulated other comprehensive income | — |  |  | — |  |  | 1,550 |  |  | 1,550 |
Net current-period other comprehensive income | $ | (1,762 | ) |  | $ | (9 | ) |  | $ | (23,491 | ) |  | $ | (25,262 | )
Balance as of June 29, 2019 | $ | (114,533 | ) |  | $ | (170,947 | ) |  | $ | (16,258 | ) |  | $ | (301,738 | )
Balance as of December 30, 2017 | $ | (69,721 | ) |  | $ | (203,063 | ) |  | $ | 6,365 |  |  | $ | (266,419 | )
Adoption of ASU 2018-02 (2) | — |  |  | 487 |  |  | (1,619 | ) |  | (1,132 | )
Other comprehensive income before reclassification | (20,161 | ) |  | 6,012 |  |  | 9,364 |  |  | (4,785 | )
Amounts reclassified from accumulated other comprehensive income | — |  |  | — |  |  | 236 |  |  | 236 |
Net current-period other comprehensive income | $ | (20,161 | ) |  | $ | 6,499 |  |  | $ | 7,981 |  |  | $ | (5,681 | )
Balance as of June 30, 2018 | $ | (89,882 | ) |  | $ | (196,564 | ) |  | $ | 14,346 |  |  | $ | (272,100 | )
(1) As of June 29, 2019 pension and interest rate swap amounts are net of tax of $(36.8) million and $(5.5) million, respectively. During the six months ended June 29, 2019, the adjustments to pension benefit costs and unrealized gain/(loss) interest rate swap were net of tax of $(0.1) million and $(8.0) million, respectively. As of June 30, 2018 pension and interest rate swap amounts are net of tax of $(42.0) million and $5.4 million, respectively. During the six months ended June 30, 2018, the adjustments to pension benefit costs and unrealized gain/(loss) interest rate swap were net of tax of $1.6 million and $1.1 million, respectively. (2) As of December 31, 2017, the company adopted ASU 2018-02, "Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income". This guidance allowed for the reclassification of $1.1 million of stranded tax effects resulting from the Tax Cuts and Jobs Act of 2017 from accumulated other comprehensive income to retained earnings. Components of other comprehensive income were as follows (in thousands):
| Three Months Ended |  | Six Months Ended
| Jun 29, 2019 |  | Jun 30, 2018 |  | Jun 29, 2019 |  | Jun 30, 2018
Net earnings | $ | 92,210 |  |  | $ | 83,988 |  |  | $ | 161,223 |  |  | $ | 149,408 |
Currency translation adjustment | (12,445 | ) |  | (41,963 | ) |  | (1,762 | ) |  | (20,161 | )
Pension liability adjustment, net of tax | 5,254 |  |  | 13,754 |  |  | (9 | ) |  | 6,499 |
Unrealized gain on interest rate swaps, net of tax | (14,124 | ) |  | 3,045 |  |  | (23,491 | ) |  | 7,981 |
Comprehensive income | $ | 70,895 |  |  | $ | 58,824 |  |  | $ | 135,961 |  |  | $ | 143,727 |

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 + Details
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- References No definition available. + Details
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