XML 59 R44.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Other Comprehensive Income (Loss) (Tables) | 12 Months Ended
--- | ---
Dec. 30, 2023
Equity [Abstract] |
Schedule of components of 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.
Schedule of accumulated other comprehensive income (loss) | 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) |
Reclassification out of accumulated other comprehensive income | 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 |

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

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 1 -Section 45 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration