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Shareholders' equity | 6 Months Ended
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Jun. 28, 2020
Equity [Abstract] |
Shareholders' equity | Shareholders’ equity Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed in the same manner except that the weighted average number of shares is increased to include dilutive securities. The following table provides a reconciliation of basic to diluted weighted average number of common shares outstanding:
| Three Months Ended |  |  |  | Six Months Ended |  |
| June 28, 2020 |  | June 30, 2019 |  | June 28, 2020 |  | June 30, 2019
| (Shares in thousands) |  |  |  |  |  |
Basic | 46,442 |  |  | 46,172 |  |  | 46,412 |  |  | 46,111 |
Dilutive effect of share-based awards | 800 |  |  | 864 |  |  | 825 |  |  | 878 |
Diluted | 47,242 |  |  | 47,036 |  |  | 47,237 |  |  | 46,989 |
The weighted average number of shares that were antidilutive and therefore excluded from the calculation of earnings per share were 0.2 million and 0.1 million for the three and six months ended June 28, 2020, respectively, and 0.2 million for the three and six months ended June 30, 2019. The following tables provide information relating to the changes in accumulated other comprehensive loss, net of tax, for the six months ended June 28, 2020 and June 30, 2019:
| 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, 2019 | $ | 735 |  |  | $ | (138,810) |  |  | $ | (206,317) |  |  | $ | (344,392) |
Other comprehensive (loss) income before reclassifications | (4,189) |  |  | 183 |  |  | (545) |  |  | (4,551) |
Amounts reclassified from accumulated other comprehensive income | (723) |  |  | 2,851 |  |  | — |  |  | 2,128 |
Net current-period other comprehensive (loss) income | (4,912) |  |  | 3,034 |  |  | (545) |  |  | (2,423) |
Balance as of June 28, 2020 | $ | (4,177) |  |  | $ | (135,776) |  |  | $ | (206,862) |  |  | $ | (346,815) |
| 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, 2018 | $ | 807 |  |  | $ | (131,380) |  |  | $ | (210,512) |  |  | $ | (341,085) |
Other comprehensive income (loss) before reclassifications | 429 |  |  | (13) |  |  | 12,332 |  |  | 12,748 |
Amounts reclassified from accumulated other comprehensive loss | (271) |  |  | 2,701 |  |  | — |  |  | 2,430 |
Net current-period other comprehensive income | 158 |  |  | 2,688 |  |  | 12,332 |  |  | 15,178 |
Balance as of June 30, 2019 | $ | 965 |  |  | $ | (128,692) |  |  | $ | (198,180) |  |  | $ | (325,907) |
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 and six months ended June 28, 2020 and June 30, 2019:
| Three Months Ended |  |  |  | Six Months Ended |  |
| June 28, 2020 |  | June 30, 2019 |  | June 28, 2020 |  | June 30, 2019
| (Dollars in thousands) |  |  |  |  |  |
(Gains) losses on foreign exchange contracts: |  |  |  |  |  |  |
Cost of goods sold | $ | (685) |  |  | $ | (179) |  |  | $ | (751) |  |  | $ | (365) |
Total before tax | (685) |  |  | (179) |  |  | (751) |  |  | (365) |
Taxes | 19 |  |  | 71 |  |  | 28 |  |  | 94 |
Net of tax | $ | (666) |  |  | $ | (108) |  |  | $ | (723) |  |  | $ | (271) |
Amortization of pension and other postretirement benefit items (1): |  |  |  |  |  |  |
Actuarial losses | $ | 1,850 |  |  | $ | 1,738 |  |  | $ | 3,702 |  |  | $ | 3,478 |
Prior-service costs | 8 |  |  | 22 |  |  | 16 |  |  | 44 |
Total before tax | 1,858 |  |  | 1,760 |  |  | 3,718 |  |  | 3,522 |
Tax benefit | (433) |  |  | (410) |  |  | (867) |  |  | (821) |
Net of tax | $ | 1,425 |  |  | $ | 1,350 |  |  | $ | 2,851 |  |  | $ | 2,701 |
Total reclassifications, net of tax | $ | 759 |  |  | $ | 1,242 |  |  | $ | 2,128 |  |  | $ | 2,430 |
(1) These accumulated other comprehensive (loss) income components are included in the computation of net benefit expense for pension and other postretirement benefit plans.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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