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Other Comprehensive Income (Notes) | 3 Months Ended
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Apr. 02, 2022
Disclosure Other Comprehensive Income Additional Information [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 |  | Unrealized Gain Certain Investments |  | Total
Balance as of January 1, 2022 | $ | (97,654) |  |  | $ | (249,696) |  |  | $ | (13,064) |  |  | $ | 1,330 |  |  | $ | (359,084) |
Other comprehensive income before reclassification | (27,191) |  |  | 6,244 |  |  | 27,155 |  |  | 1,348 |  |  | 7,556 |
Amounts reclassified from accumulated other comprehensive income | — |  |  | — |  |  | 3,961 |  |  | — |  |  | 3,961 |
Net current-period other comprehensive income | $ | (27,191) |  |  | $ | 6,244 |  |  | $ | 31,116 |  |  | 1,348 |  |  | $ | 11,517 |
Balance as of April 2, 2022 | $ | (124,845) |  |  | $ | (243,452) |  |  | $ | 18,052 |  |  | 2,678 |  |  | $ | (347,567) |
Balance as of January 2, 2021 | $ | (49,961) |  |  | $ | (400,919) |  |  | $ | (37,548) |  |  | $ | — |  |  | $ | (488,428) |
Other comprehensive income before reclassification | (10,614) |  |  | (3,970) |  |  | 7,389 |  |  | — |  |  | (7,195) |
Amounts reclassified from accumulated other comprehensive income | — |  |  | — |  |  | 5,023 |  |  | — |  |  | 5,023 |
Net current-period other comprehensive income | $ | (10,614) |  |  | $ | (3,970) |  |  | $ | 12,412 |  |  | $ | — |  |  | $ | (2,172) |
Balance as of April 3, 2021 | $ | (60,575) |  |  | $ | (404,889) |  |  | $ | (25,136) |  |  | $ | — |  |  | $ | (490,600) |
(1) As of April 2, 2022, pension, interest rate swap, and gain on investment amounts are net of tax of $(38.5) million, $6.4 million, and $0.9 million, respectively. During the three months ended April 2, 2022, the adjustments to pension, interest rate swap, and gain on investments were net of tax of $1.0 million, $10.9 million, and $0.5 million, respectively. As of April 3, 2021 pension and interest rate swap amounts are net of tax of $(90.0) million and $(8.8) million, respectively. During the three months ended April 3, 2021, the adjustments to pension benefit costs and unrealized gain/(loss) interest rate swap were net of tax of $(0.9) million and $4.3 million, respectively. Components of other comprehensive income were as follows (in thousands):
|  |  | Three Months Ended
|  |  |  |  | Apr 2, 2022 |  | Apr 3, 2021
Net earnings |  |  |  |  | $ | 85,755 |  |  | $ | 89,263 |
Currency translation adjustment |  |  |  |  | (27,191) |  |  | (10,614) |
Pension liability adjustment, net of tax |  |  |  |  | 6,244 |  |  | (3,970) |
Unrealized gain on interest rate swaps, net of tax |  |  |  |  | 31,116 |  |  | 12,412 |
Unrealized gain on certain investments, net of tax |  |  |  |  | 1,348 |  |  | — |
Comprehensive income |  |  |  |  | $ | 97,272 |  |  | $ | 87,091 |

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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 https://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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