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Other Comprehensive Income | 6 Months Ended
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Jun. 29, 2024
Disclosure Other Comprehensive Income Additional Information [Abstract] |
Other Comprehensive Income | Other 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 30, 2023 | $ | (145,490) |  |  | $ | (109,713) |  |  | $ | 32,005 |  |  |  |  | $ | (223,198) |
Other comprehensive income before reclassification | (36,014) |  |  | 565 |  |  | 15,424 |  |  |  |  | (20,025) |
Amounts reclassified from accumulated other comprehensive income | — |  |  | 1,010 |  |  | (14,425) |  |  |  |  | (13,415) |
Net current-period other comprehensive income | $ | (36,014) |  |  | $ | 1,575 |  |  | $ | 999 |  |  |  |  | $ | (33,440) |
Balance as of June 29, 2024 | $ | (181,504) |  |  | $ | (108,138) |  |  | $ | 33,004 |  |  |  |  | $ | (256,638) |
Balance as of December 31, 2022 | $ | (205,345) |  |  | $ | (121,701) |  |  | $ | 48,574 |  |  |  |  | $ | (278,472) |
Other comprehensive income before reclassification | 31,851 |  |  | (6,106) |  |  | 13,173 |  |  |  |  | 38,918 |
Amounts reclassified from accumulated other comprehensive income | — |  |  | 1,126 |  |  | (15,284) |  |  |  |  | (14,158) |
Net current-period other comprehensive income | $ | 31,851 |  |  | $ | (4,980) |  |  | $ | (2,111) |  |  |  |  | $ | 24,760 |
Balance as of July 1, 2023 | $ | (173,494) |  |  | $ | (126,681) |  |  | $ | 46,463 |  |  |  |  | $ | (253,712) |
(1) As of June 29, 2024, pension and unrealized gain on interest rate swap amounts, net of tax, are $4.3 million and $10.3 million, respectively. During the six months ended June 29, 2024, the adjustments to pension and unrealized gain on interest rate swap amounts, net of tax, are $0.3 million and $(0.9) million, respectively. As of July 1, 2023, pension and unrealized gain on interest rate swap amounts, net of tax, were $(1.9) million and $16.1 million, respectively. During the six months ended July 1, 2023, the adjustments to pension and unrealized gain on interest rate swap amounts, net of tax, were $0.1 million and $(0.7) million, respectively. Components of other comprehensive income were as follows (in thousands):
| Three Months Ended |  | Six Months Ended
| Jun 29, 2024 |  | Jul 1, 2023 |  | Jun 29, 2024 |  | Jul 1, 2023
Net earnings | $ | 115,395 |  |  | $ | 116,850 |  |  | $ | 201,963 |  |  | $ | 215,939 |
Currency translation adjustment | (9,528) |  |  | 4,892 |  |  | (36,014) |  |  | 31,851 |
Pension liability adjustment, net of tax | 524 |  |  | (2,171) |  |  | 1,575 |  |  | (4,980) |
Unrealized (loss) gain on interest rate swaps, net of tax | (2,391) |  |  | 6,210 |  |  | 999 |  |  | (2,111) |
Comprehensive income | $ | 104,000 |  |  | $ | 125,781 |  |  | $ | 168,523 |  |  | $ | 240,699 |

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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://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//220/tableOfContent + Details
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