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Shareholders' equity
6 Months Ended
Jun. 27, 2021
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 EndedSix Months Ended
June 27, 2021June 28, 2020June 27, 2021June 28, 2020
Basic46,741 46,442 46,719 46,412 
Dilutive effect of share-based awards692 800 701 825 
Diluted47,433 47,242 47,420 47,237 
The weighted average number of shares that were antidilutive and therefore excluded from the calculation of earnings per share were 0.1 million for the three and six months ended June 27, 2021, and 0.2 million and 0.1 million for the three and six months ended June 28, 2020, respectively.
The following tables provide information relating to the changes in accumulated other comprehensive loss, net of tax, for the six months ended June 27, 2021 and June 28, 2020:
Cash Flow HedgesPension and Other Postretirement Benefit PlansForeign Currency Translation AdjustmentAccumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2020$(482)$(150,257)$(146,559)$(297,298)
Other comprehensive (loss) income before reclassifications(574)(17,995)(18,560)
Amounts reclassified from accumulated other comprehensive income998 2,900 — 3,898 
Net current-period other comprehensive income (loss)424 2,909 (17,995)(14,662)
Balance as of June 27, 2021$(58)$(147,348)$(164,554)$(311,960)
 Cash Flow HedgesPension and Other Postretirement Benefit PlansForeign Currency Translation AdjustmentAccumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2019$735 $(138,810)$(206,317)$(344,392)
Other comprehensive (loss) income before reclassifications(4,189)183 (545)(4,551)
Amounts reclassified from accumulated other comprehensive loss(723)2,851 — 2,128 
Net current-period other comprehensive (loss) income(4,912)3,034 (545)(2,423)
Balance as of June 28, 2020$(4,177)$(135,776)$(206,862)$(346,815)
  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 27, 2021 and June 28, 2020:
Three Months EndedSix Months Ended
June 27, 2021June 28, 2020June 27, 2021June 28, 2020
Losses (gains) on foreign exchange contracts:
Cost of goods sold$133 $(685)$979 $(751)
Total before tax133 (685)979 (751)
Taxes27 19 19 28 
Net of tax$160 $(666)$998 $(723)
Amortization of pension and other postretirement benefit items (1):
Actuarial losses$2,144 $1,850 $4,287 $3,702 
Prior-service costs(251)(502)16 
Total before tax1,893 1,858 3,785 3,718 
Tax benefit(443)(433)(885)(867)
Net of tax$1,450 $1,425 $2,900 $2,851 
Total reclassifications, net of tax$1,610 $759 $3,898 $2,128 
(1) These accumulated other comprehensive (loss) income components are included in the computation of net benefit expense for pension and other postretirement benefit plans.