XML 28 R19.htm IDEA: XBRL DOCUMENT
v3.23.3

Other Comprehensive (Loss) Income | 9 Months Ended
--- | ---
Sep. 30, 2023
Equity [Abstract] |
Other Comprehensive (Loss) Income | Other Comprehensive (Loss) Income Changes in other comprehensive (loss) income by component were as follows:
(in thousands) |  | Three Months Ended September 30, 2023 |  | Three Months Ended October 1, 2022
|  | Pre-tax |  | Tax |  | Net of Tax |  | Pre-tax |  | Tax |  | Net of Tax
Defined benefit pension plan and other adjustments |  | $ | (3) |  |  | $ | — |  |  | $ | (3) |  |  | $ | 673 |  |  | $ | (74) |  |  | $ | 599 |
Cash flow hedge |  | 2,034 |  |  | (488) |  |  | 1,546 |  |  | 10,012 |  |  | (2,403) |  |  | 7,609 |
Foreign currency translation adjustments (a) |  | (4,301) |  |  | 624 |  |  | (3,677) |  |  | (37,289) |  |  | 893 |  |  | (36,396) |
Total change in other comprehensive (loss) income |  | $ | (2,270) |  |  | $ | 136 |  |  | $ | (2,134) |  |  | $ | (26,604) |  |  | $ | (1,584) |  |  | $ | (28,188) |
(in thousands) |  | Nine Months Ended September 30, 2023 |  | Nine Months Ended October 1, 2022
|  | Pre-tax |  | Tax |  | Net of Tax |  | Pre-tax |  | Tax |  | Net of Tax
Defined benefit pension plan and other adjustments |  | $ | (125) |  |  | $ | (31) |  |  | $ | (156) |  |  | $ | 1,718 |  |  | $ | (170) |  |  | $ | 1,548 |
Cash flow hedge |  | 2,817 |  |  | (676) |  |  | 2,141 |  |  | 9,300 |  |  | (2,232) |  |  | 7,068 |
Foreign currency translation adjustments (a) |  | (6,098) |  |  | 351 |  |  | (5,747) |  |  | (72,671) |  |  | 2,315 |  |  | (70,356) |
Total change in other comprehensive loss |  | $ | (3,406) |  |  | $ | (356) |  |  | $ | (3,762) |  |  | $ | (61,653) |  |  | $ | (87) |  |  | $ | (61,740) |
(a) 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. The following tables set forth the changes i n accumulated other comprehensive loss by compon ent for the nine months ended September 30, 2023 and October 1, 2022:
(in thousands) |  | Defined benefit pension plan and other adjustments |  | Cash flow hedge |  | Foreign currency translation adjustment |  | Accumulated other comprehensive loss
Balance at December 31, 2022 |  | $ | (2,193) |  |  | $ | 6,596 |  |  | $ | (100,167) |  |  | $ | (95,764) |
Activity in the period |  | (156) |  |  | 2,141 |  |  | (5,747) |  |  | (3,762) |
Balance at September 30, 2023 |  | $ | (2,349) |  |  | $ | 8,737 |  |  | $ | (105,914) |  |  | $ | (99,526) |
(in thousands) |  | Defined benefit pension plan and other adjustments |  | Cash flow hedge |  | Foreign currency translation adjustment |  | Accumulated other comprehensive loss
Balance at January 1, 2022 |  | $ | (11,928) |  |  | $ | — |  |  | $ | (61,535) |  |  | $ | (73,463) |
Activity in the period |  | 1,548 |  |  | 7,068 |  |  | (70,356) |  |  | (61,740) |
Balance at October 1, 2022 |  | $ | (10,380) |  |  | $ | 7,068 |  |  | $ | (131,891) |  |  | $ | (135,203) |
Amounts reclassified from accumulated other comprehensive loss to e arnings for the three and nine months ended September 30, 2023 and October 1, 2022 were as follows:
|  | Three Months Ended |  | Nine Months Ended
(in thousands) |  | September 30, 2023 |  | October 1, 2022 |  | September 30, 2023 |  | October 1, 2022
Pension and Postemployment plans: |  |  |  |  |  |  |  |
Amortization of prior service and net actuarial (gain) loss |  | $ | (11) |  |  | $ | 193 |  |  | $ | (33) |  |  | $ | 588 |
The Company recognizes the amortization of prior service costs in Other (income) expense, net within the Condensed Consolidated Statements of Net Income.

X
- 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
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration