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Shareholders' equity (Tables) | 9 Months Ended
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Sep. 27, 2020
Equity [Abstract] |
Reconciliation of Basic to Diluted Weighted Average Common Shares Outstanding | The following table provides a reconciliation of basic to diluted weighted average number of common shares outstanding:
| Three Months Ended |  | Nine Months Ended
| September 27, 2020 |  | September 29, 2019 |  | September 27, 2020 |  | September 29, 2019
| (Shares in thousands)
Basic | 46,530 |  |  | 46,248 |  |  | 46,451 |  |  | 46,156 |
Dilutive effect of share-based awards | 803 |  |  | 928 |  |  | 818 |  |  | 895 |
Diluted | 47,333 |  |  | 47,176 |  |  | 47,269 |  |  | 47,051 |
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 nine months ended September 27, 2020 and September 29, 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 | (4,479) |  |  | (109) |  |  | 20,087 |  |  | 15,499 |
Amounts reclassified from accumulated other comprehensive income | 1,021 |  |  | 4,180 |  |  | — |  |  | 5,201 |
Net current-period other comprehensive (loss) income | (3,458) |  |  | 4,071 |  |  | 20,087 |  |  | 20,700 |
Balance as of September 27, 2020 | $ | (2,723) |  |  | $ | (134,739) |  |  | $ | (186,230) |  |  | $ | (323,692) |
| 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 | 646 |  |  | 215 |  |  | (27,562) |  |  | (26,701) |
Amounts reclassified from accumulated other comprehensive loss | (748) |  |  | 4,033 |  |  | — |  |  | 3,285 |
Net current-period other comprehensive income | (102) |  |  | 4,248 |  |  | (27,562) |  |  | (23,416) |
Balance as of September 29, 2019 | $ | 705 |  |  | $ | (127,132) |  |  | $ | (238,074) |  |  | $ | (364,501) |
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 and nine months ended September 27, 2020 and September 29, 2019:
| Three Months Ended |  | Nine Months Ended
| September 27, 2020 |  | September 29, 2019 |  | September 27, 2020 |  | September 29, 2019
| (Dollars in thousands)
(Gains) losses on foreign exchange contracts:
Cost of goods sold | $ | 1,899 |  |  | $ | (523) |  |  | $ | 1,148 |  |  | $ | (888) |
Total before tax | 1,899 |  |  | (523) |  |  | 1,148 |  |  | (888) |
Taxes | (155) |  |  | 46 |  |  | (127) |  |  | 140 |
Net of tax | $ | 1,744 |  |  | $ | (477) |  |  | $ | 1,021 |  |  | $ | (748) |
Amortization of pension and other postretirement benefit items (1):
Actuarial losses | $ | 1,731 |  |  | $ | 1,716 |  |  | $ | 5,433 |  |  | $ | 5,194 |
Prior-service costs | 9 |  |  | 21 |  |  | 25 |  |  | 65 |
Total before tax | 1,740 |  |  | 1,737 |  |  | 5,458 |  |  | 5,259 |
Tax benefit | (411) |  |  | (405) |  |  | (1,278) |  |  | (1,226) |
Net of tax | $ | 1,329 |  |  | $ | 1,332 |  |  | $ | 4,180 |  |  | $ | 4,033 |
Total reclassifications, net of tax | $ | 3,073 |  |  | $ | 855 |  |  | $ | 5,201 |  |  | $ | 3,285 |
(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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