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Other Comprehensive Income (Loss) (Tables) | 12 Months Ended
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Dec. 26, 2020
Equity [Abstract] |
Schedule of components of comprehensive income (loss) | Changes in other comprehensive income (loss) by component for fiscal years 2020, 2019, and 2018 were as follows:
| Fiscal Year Ended
| December 26, 2020 |  | December 28, 2019 |  | December 29, 2018
(in thousands) | Pre-tax |  | Tax |  | Net of tax |  | Pre-tax |  | Tax |  | Net of tax |  | Pre-tax |  | Tax |  | Net of tax
Defined benefit pension plan and other adjustments | $ | (19,513) |  |  | $ | 3,418 |  |  | $ | (16,095) |  |  | $ | (9,149) |  |  | $ | 1,062 |  |  | $ | (8,087) |  |  | $ | 924 |  |  | $ | (47) |  |  | $ | 877 |
Foreign currency translation adjustments (1) | 34,707 |  |  | (2,946) |  |  | 31,761 |  |  | (1,476) |  |  | 664 |  |  | (812) |  |  | (25,338) |  |  | — |  |  | (25,338) |
Total change in other comprehensive (loss) income | $ | 15,194 |  |  | $ | 472 |  |  | $ | 15,666 |  |  | $ | (10,625) |  |  | $ | 1,726 |  |  | $ | (8,899) |  |  | $ | (24,414) |  |  | $ | (47) |  |  | $ | (24,461) |
(1) The tax shown above within the foreign currency translation adjustments is the U.S. tax associated with the foreign currency translation adjustments of earnings of non-U.S. subsidiaries which have been previously taxed in the U.S. and are not permanently reinvested.
Schedule of accumulated other comprehensive income (loss) | Accumulated Other Comprehensive Income (Loss) (“AOCI”): The following table sets forth the changes in the components of AOCI by component for fiscal years 2020, 2019, and 2018:
(in thousands) | Pension and postretirement liability and reclassification adjustments |  | Gain (loss) on investments |  | Foreign currency translation adjustments |  | Accumulated other comprehensive income (loss)
Balance at December 30, 2017 | $ | (10,836) |  |  | $ | 9,795 |  |  | $ | (62,627) |  |  | $ | (63,668) |
Cumulative effect adjustment (a) | — |  |  | (9,795) |  |  | — |  |  | (9,795) |
2018 activity | 877 |  |  | — |  |  | (25,338) |  |  | (24,461) |
Balance at December 29, 2018 | (9,959) |  |  | — |  |  | (87,965) |  |  | (97,924) |
2019 activity | (8,087) |  |  | — |  |  | (812) |  |  | (8,899) |
Balance at December 28, 2019 | (18,046) |  |  | — |  |  | (88,777) |  |  | (106,823) |
2020 activity | (16,095) |  |  | — |  |  | 31,761 |  |  | 15,666 |
Balance at December 26, 2020 | (34,141) |  |  | — |  |  | (57,016) |  |  | (91,157) |
(a)The Company adopted ASU 2016-01 on December 31, 2017 on a modified retrospective basis, recognizing the cumulative effect as a $9.8 million increase to retained earnings. See Note 1, Summary of Significant Accounting Policies and Other Information, for further discussion.
Reclassification out of accumulated other comprehensive income | Amounts reclassified from accumulated other comprehensive income (loss) to earnings for fiscal years 2020, 2019, and 2018 were as follows:
|  | Fiscal Year Ended
(in thousands) |  | December 26, 2020 |  | December 28, 2019 |  | December 29, 2018
Pension and postemployment and other plans: |  |  |  |  |  |
Amortization of prior service, net actuarial loss, and other |  | $ | 1,694 |  |  | $ | 372 |  |  | $ | 291 |
Net settlement loss |  | 236 |  |  | 260 |  |  | 238 |
Total |  | $ | 1,930 |  |  | $ | 632 |  |  | $ | 529 |

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