XML 33 R19.htm IDEA: XBRL DOCUMENT
v3.20.2

Shareholders' equity | 9 Months Ended
--- | ---
Sep. 27, 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 |  | 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 |
The weighted average number of shares that were antidilutive and therefore excluded from the calculation of earnings per share were 0.1 million the three and nine months ended September 27, 2020 and September 29, 2019. 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) |
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.

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 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
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration