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Shareholders' equity (Tables)
 3 Months Ended
Apr. 02, 2017
Equity [Abstract]  
Reconciliation of Basic to Diluted Weighted Average Common Shares Outstanding
The following table provides a reconciliation of basic to diluted weighted average shares outstanding:
 
Three Months Ended
 
April 2, 2017
 
March 27, 2016
 
(Shares in thousands)
Basic
44,893

 
41,647

Dilutive effect of share-based awards
821

 
519

Dilutive effect of 3.875% Convertible Notes and warrants (1)
901

 
6,616

Diluted
46,615

 
48,782


(1)
The reduction in the dilutive effect of the Convertible Notes and warrants at April 2, 2017 as compared to March 27, 2016 is due to the Company’s repurchase of Convertible Notes and conversions by holders of the Convertible Notes subsequent to March 27, 2016.
Change in Accumulated Other Comprehensive Income (Loss)
The following tables provide information relating to the changes in accumulated other comprehensive loss, net of tax, for the three months ended April 2, 2017 and March 27, 2016:
 
Cash Flow Hedges
 
Pension and Other Postretirement Benefit Plans
 
Foreign Currency Translation Adjustment
 
Accumulated Other Comprehensive (Loss) Income
 
(Dollars in thousands)
Balance as of December 31, 2016
$
(2,424
)
 
$
(136,596
)
 
$
(299,697
)
 
$
(438,717
)
Other comprehensive income (loss) before reclassifications
350

 
(241
)
 
46,982

 
47,091

Amounts reclassified from accumulated other comprehensive income
1,378

 
1,131

 
—

 
2,509

Net current-period other comprehensive income
1,728

 
890

 
46,982

 
49,600

Balance as of April 2, 2017
$
(696
)
 
$
(135,706
)
 
$
(252,715
)
 
$
(389,117
)
 
Cash Flow Hedges
 
Pension and Other Postretirement Benefit Plans
 
Foreign Currency Translation Adjustment
 
Accumulated Other Comprehensive (Loss) Income
 
(Dollars in thousands)
Balance at December 31, 2015
$
(2,491
)
 
$
(138,887
)
 
$
(229,746
)
 
$
(371,124
)
Other comprehensive (loss) before reclassifications
(50
)
 
182

 
20,476

 
20,608

Amounts reclassified from accumulated other comprehensive loss
1,530

 
1,056

 
—

 
2,586

Net current-period other comprehensive income
1,480

 
1,238

 
20,476

 
23,194

Balance at March 27, 2016
$
(1,011
)
 
$
(137,649
)
 
$
(209,270
)
 
$
(347,930
)
Reclassification of Gain/Losses into Income/Expense, Net of Tax
The following table provides information relating to the location in the statements of operations and amount of reclassifications of losses/(gains) in accumulated other comprehensive (loss) income into expense/(income), net of tax, for the three months ended April 2, 2017 and March 27, 2016:
 
Three Months Ended
 
April 2, 2017
 
March 27, 2016
 
(Dollars in thousands)
Losses on foreign exchange contracts:
 
 
 
Cost of goods sold
$
1,645

 
$
1,871

Total before tax
1,645

 
1,871

Tax benefit
(267
)
 
(341
)
Net of tax
$
1,378

 
$
1,530

Amortization of pension and other postretirement benefit items:
 
 
 
Actuarial losses (1)
$
1,726

 
$
1,622

Prior-service costs(1)
29

 
14

Total before tax
1,755

 
1,636

Tax benefit
(624
)
 
(580
)
Net of tax
$
1,131

 
$
1,056

 
 
 
 
Total reclassifications, net of tax
$
2,509

 
$
2,586

(1) These accumulated other comprehensive (loss) income components are included in the computation of net benefit expense for pension and other postretirement benefit plans (see Note 12 for additional information).