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Other Comprehensive Income (Loss) | 12 Months Ended
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Dec. 30, 2023
Equity [Abstract] |
Other Comprehensive Income (Loss) | Other Comprehensive Income (Loss) Changes in other comprehensive income (loss) by component for fiscal years 2023, 2022, and 2021 were as follows:
| Fiscal Year Ended
| December 30, 2023 |  | December 31, 2022 |  | January 1, 2022
(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 | $ | (5,911) |  |  | $ | 491 |  |  | $ | (5,420) |  |  | $ | 11,560 |  |  | $ | (1,825) |  |  | $ | 9,735 |  |  | $ | 27,481 |  |  | $ | (5,268) |  |  | $ | 22,213 |
Cash flow hedge | (2,827) |  |  | 679 |  |  | (2,148) |  |  | 8,679 |  |  | (2,083) |  |  | 6,596 |  |  | — |  |  | — |  |  | — |
Foreign currency translation adjustments (1) | 48,227 |  |  | (712) |  |  | 47,515 |  |  | (39,619) |  |  | 987 |  |  | (38,632) |  |  | (6,967) |  |  | 2,448 |  |  | (4,519) |
Total change in other comprehensive income (loss) | $ | 39,489 |  |  | $ | 458 |  |  | $ | 39,947 |  |  | $ | (19,380) |  |  | $ | (2,921) |  |  | $ | (22,301) |  |  | $ | 20,514 |  |  | $ | (2,820) |  |  | $ | 17,694 |
(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. Accumulated Other Comprehensive Loss (“AOCI”): The following table sets forth the changes in the components of AOCI by component for fiscal years 2023, 2022, and 2021:
(in thousands) | Pension and postretirement liability and reclassification adjustments |  | Cash flow hedge |  | Foreign currency translation adjustments |  | Accumulated other comprehensive income (loss)
Balance at December 26, 2020 | $ | (34,141) |  |  | $ | — |  |  | $ | (57,016) |  |  | $ | (91,157) |
2021 activity | 22,213 |  |  | — |  |  | (4,519) |  |  | 17,694 |
Balance at January 1, 2022 | (11,928) |  |  | — |  |  | (61,535) |  |  | (73,463) |
2022 activity | 9,735 |  |  | 6,596 |  |  | (38,632) |  |  | (22,301) |
Balance at December 31, 2022 | (2,193) |  |  | 6,596 |  |  | (100,167) |  |  | (95,764) |
2023 activity | (5,420) |  |  | (2,148) |  |  | 47,515 |  |  | 39,947 |
Balance at December 30, 2023 | (7,613) |  |  | 4,448 |  |  | (52,652) |  |  | (55,817) |
The Company completed the buy-out of a U.K. pension plan during the fourth quarter of 2021 and as a result in the fourth quarter of 2021, the Company recorded a non-cash pension settlement charge of $19.9 million (£14.9 million), inclusive of the accelerated recognition of prior service cost of $0.5 million (£0.4 million). See Note 11, Benefits Plans for further discussion. Amounts reclassified from accumulated other comprehensive loss to earnings for fiscal years 2023, 2022, and 2021 were as follows:
|  | Fiscal Year Ended
(in thousands) |  | December 30, 2023 |  | December 31, 2022 |  | January 1, 2022
Pension and postemployment and other plans: |  |  |  |  |  |
Amortization of prior service, net actuarial (gain) loss, and other |  | $ | (43) |  |  | $ | 785 |  |  | $ | 2,006 |
Net settlement loss and accelerated prior service costs |  | 247 |  |  | 477 |  |  | 19,855 |
Total |  | $ | 204 |  |  | $ | 1,262 |  |  | $ | 21,861 |
The Company recognizes the amortization of prior service costs and net settlement loss in other (income) expense, net within the Consolidated Statements of Net Income.

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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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