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Shareholders' equity (Tables) | 3 Months Ended
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Mar. 27, 2022
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
|  |  |  |  | March 27, 2022 |  | March 28, 2021
Basic |  |  |  |  | 46,876 |  |  | 46,698 |
Dilutive effect of share-based awards |  |  |  |  | 526 |  |  | 709 |
Diluted |  |  |  |  | 47,402 |  |  | 47,407 |
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 March 27, 2022 and March 28, 2021:
| Cash Flow Hedges |  | Pension and Other Postretirement Benefit Plans |  | Foreign Currency Translation Adjustment |  | Accumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2021 | $ | 1,081 |  |  | $ | (138,290) |  |  | $ | (209,750) |  |  | $ | (346,959) |
Other comprehensive income (loss) before reclassifications | 57 |  |  | 246 |  |  | (23,329) |  |  | (23,026) |
Amounts reclassified from accumulated other comprehensive income | 400 |  |  | 1,340 |  |  | — |  |  | 1,740 |
Net current-period other comprehensive income (loss) | 457 |  |  | 1,586 |  |  | (23,329) |  |  | (21,286) |
Balance as of March 27, 2022 | $ | 1,538 |  |  | $ | (136,704) |  |  | $ | (233,079) |  |  | $ | (368,245) |
| Cash Flow Hedges |  | Pension and Other Postretirement Benefit Plans |  | Foreign Currency Translation Adjustment |  | Accumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2020 | $ | (482) |  |  | $ | (150,257) |  |  | $ | (146,559) |  |  | $ | (297,298) |
Other comprehensive (loss) income before reclassifications | (811) |  |  | 161 |  |  | (24,075) |  |  | (24,725) |
Amounts reclassified from accumulated other comprehensive income (loss) | 838 |  |  | 1,450 |  |  | — |  |  | 2,288 |
Net current-period other comprehensive income (loss) | 27 |  |  | 1,611 |  |  | (24,075) |  |  | (22,437) |
Balance as of March 28, 2021 | $ | (455) |  |  | $ | (148,646) |  |  | $ | (170,634) |  |  | $ | (319,735) |
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 March 27, 2022 and March 28, 2021:
|  |  | Three Months Ended
|  |  |  |  | March 27, 2022 |  | March 28, 2021
Losses (gains) on foreign exchange contracts: |  |  |  |  |  |
Cost of goods sold |  |  |  |  | $ | 398 |  |  | $ | 846 |
Total before tax |  |  |  |  | 398 |  |  | 846 |
Taxes (benefit) |  |  |  |  | 2 |  |  | (8) |
Net of tax |  |  |  |  | 400 |  |  | 838 |
Amortization of pension and other postretirement benefit items (1): |  |  |  |
Actuarial losses |  |  |  |  | 2,000 |  |  | 2,143 |
Prior-service costs |  |  |  |  | (252) |  |  | (251) |
Total before tax |  |  |  |  | 1,748 |  |  | 1,892 |
Tax benefit |  |  |  |  | (408) |  |  | (442) |
Net of tax |  |  |  |  | 1,340 |  |  | 1,450 |
Total reclassifications, net of tax |  |  |  |  | $ | 1,740 |  |  | $ | 2,288 |
(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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