XML 28 R18.htm IDEA: XBRL DOCUMENT
v3.22.2

Shareholders' equity | 3 Months Ended
--- | ---
Jun. 26, 2022
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 26, 2022 |  | June 27, 2021 |  | June 26, 2022 |  | June 27, 2021
Basic | 46,901 |  |  | 46,741 |  |  | 46,889 |  |  | 46,719 |
Dilutive effect of share-based awards | 446 |  |  | 692 |  |  | 485 |  |  | 701 |
Diluted | 47,347 |  |  | 47,433 |  |  | 47,374 |  |  | 47,420 |
The weighted average number of shares that were antidilutive and therefore excluded from the calculation of earnings per share were 0.4 million and 0.3 million for the three and six months ended June 26, 2022, respectively, and 0.1 million for both the three and six months ended June 27, 2021. The following tables provide information relating to the changes in accumulated other comprehensive loss, net of tax, for the six months ended June 26, 2022 and June 27, 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 | 2,839 |  |  | 939 |  |  | (68,382) |  |  | (64,604) |
Amounts reclassified from accumulated other comprehensive income | 195 |  |  | 2,673 |  |  | — |  |  | 2,868 |
Net current-period other comprehensive income (loss) | 3,034 |  |  | 3,612 |  |  | (68,382) |  |  | (61,736) |
Balance as of June 26, 2022 | $ | 4,115 |  |  | $ | (134,678) |  |  | $ | (278,132) |  |  | $ | (408,695) |
| 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 | (574) |  |  | 9 |  |  | (17,995) |  |  | (18,560) |
Amounts reclassified from accumulated other comprehensive income (loss) | 998 |  |  | 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) |
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 26, 2022 and June 27, 2021:
| Three Months Ended |  | Six Months Ended
| June 26, 2022 |  | June 27, 2021 |  | June 26, 2022 |  | June 27, 2021
(Gains) Loss on foreign exchange contracts: |  |  |  |  |  |
Cost of goods sold | $ | (229) |  |  | $ | 133 |  |  | $ | 169 |  |  | $ | 979 |
Total before tax | (229) |  |  | 133 |  |  | 169 |  |  | 979 |
Taxes | 24 |  |  | 27 |  |  | 26 |  |  | 19 |
Net of tax | (205) |  |  | 160 |  |  | 195 |  |  | 998 |
Amortization of pension and other postretirement benefit items (1): |  |  |  |
Actuarial losses | 1,989 |  |  | 2,144 |  |  | 3,989 |  |  | 4,287 |
Prior-service costs | (252) |  |  | (251) |  |  | (504) |  |  | (502) |
Total before tax | 1,737 |  |  | 1,893 |  |  | 3,485 |  |  | 3,785 |
Tax benefit | (405) |  |  | (443) |  |  | (812) |  |  | (885) |
Net of tax | 1,332 |  |  | 1,450 |  |  | 2,673 |  |  | 2,900 |
Total reclassifications, net of tax | $ | 1,127 |  |  | $ | 1,610 |  |  | $ | 2,868 |  |  | $ | 3,898 |
(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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI https://asc.fasb.org/topic&trid=2208762 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 6: 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 https://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (g) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (h) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 16 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496180-112644 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (i) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 15: 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 https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 40 -Section 50 -Paragraph 6 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126731327&loc=SL126733271-114008 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration