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Shareholders' equity
 3 Months Ended
Apr. 02, 2023
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
April 2, 2023March 27, 2022
Basic46,949 46,876 
Dilutive effect of share-based awards336 526 
Diluted47,285 47,402 
The weighted average number of shares that were antidilutive and therefore excluded from the calculation of earnings per share were 0.6 million and 0.3 million for the three months ended April 2, 2023 and March 27, 2022, respectively.
The following tables provide information relating to the changes in accumulated other comprehensive loss, net of tax, for the three months ended April 2, 2023 and March 27, 2022:
Cash Flow HedgesPension and Other Postretirement Benefit PlansForeign Currency Translation AdjustmentAccumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2022$4,931 $(135,799)$(272,654)$(403,522)
Other comprehensive income (loss) before reclassifications5,260 (184)18,570 23,646 
Amounts reclassified from accumulated other comprehensive income(2,852)1,397 — (1,455)
Net current-period other comprehensive income2,408 1,213 18,570 22,191 
Balance as of April 2, 2023$7,339 $(134,586)$(254,084)$(381,331)
 Cash Flow HedgesPension and Other Postretirement Benefit PlansForeign Currency Translation AdjustmentAccumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2021$1,081 $(138,290)$(209,750)$(346,959)
Other comprehensive income (loss) before reclassifications57 246 (23,329)(23,026)
Amounts reclassified from accumulated other comprehensive income400 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)$(368,245)
The following table provides information relating to the location in the statements of operations and amount of reclassifications of losses/(gains) in accumulated other comprehensive (loss) income into expense/(income), net of tax, for the three months ended April 2, 2023 and March 27, 2022:
Three Months Ended
April 2, 2023March 27, 2022
(Gains) Loss on foreign exchange contracts:
Cost of goods sold$(3,054)$398 
Total before tax(3,054)398 
Taxes202 2 
Net of tax(2,852)400 
Amortization of pension and other postretirement benefit items (1):
Actuarial losses2,066 2,000 
Prior-service costs(252)(252)
Total before tax1,814 1,748 
Tax benefit(417)(408)
Net of tax1,397 1,340 
Total reclassifications, net of tax$(1,455)$1,740 
(1) These accumulated other comprehensive (loss) income components are included in the computation of net benefit expense for pension and other postretirement benefit plans.