XML 41 R31.htm IDEA: XBRL DOCUMENT
v3.23.2

Shareholders' equity (Tables) | 6 Months Ended
--- | ---
Jul. 02, 2023
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 |  | Six Months Ended |  |
| July 2, 2023 |  | June 26, 2022 |  | July 2, 2023 |  | June 26, 2022 |  |  |  |
Basic | 46,981 |  |  | 46,901 |  |  | 46,965 |  |  | 46,889 |  |  |  |  |
Dilutive effect of share-based awards | 348 |  |  | 446 |  |  | 342 |  |  | 485 |  |  |  |  |
Diluted | 47,329 |  |  | 47,347 |  |  | 47,307 |  |  | 47,374 |  |  |  |  |
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 six months ended July 2, 2023 and June 26, 2022:
| Cash Flow Hedges |  | Pension and Other Postretirement Benefit Plans |  | Foreign Currency Translation Adjustment |  | Accumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2022 | $ | 4,931 |  |  | $ | (135,799) |  |  | $ | (272,654) |  |  | $ | (403,522) |
Other comprehensive income (loss) before reclassifications | 8,056 |  |  | (388) |  |  | 16,049 |  |  | 23,717 |
Amounts reclassified from accumulated other comprehensive income | (4,855) |  |  | 2,796 |  |  | — |  |  | (2,059) |
Net current-period other comprehensive income | 3,201 |  |  | 2,408 |  |  | 16,049 |  |  | 21,658 |
Balance as of July 2, 2023 | $ | 8,132 |  |  | $ | (133,391) |  |  | $ | (256,605) |  |  | $ | (381,864) |
| 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) |
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 (income) expense, net of tax, for the three and six months ended July 2, 2023 and June 26, 2022:
| Three Months Ended |  | Six Months Ended
| July 2, 2023 |  | June 26, 2022 |  | July 2, 2023 |  | June 26, 2022
(Gains) Loss on foreign exchange contracts: |  |  |  |  |  |
Cost of goods sold | $ | (2,181) |  |  | $ | (229) |  |  | $ | (5,235) |  |  | $ | 169 |
Total before tax | (2,181) |  |  | (229) |  |  | (5,235) |  |  | 169 |
Taxes | 178 |  |  | 24 |  |  | 380 |  |  | 26 |
Net of tax | (2,003) |  |  | (205) |  |  | (4,855) |  |  | 195 |
Amortization of pension and other postretirement benefit items (1): |  |  |  |
Actuarial losses | 2,069 |  |  | 1,989 |  |  | 4,135 |  |  | 3,989 |
Prior-service costs | (252) |  |  | (252) |  |  | (504) |  |  | (504) |
Total before tax | 1,817 |  |  | 1,737 |  |  | 3,631 |  |  | 3,485 |
Tax benefit | (418) |  |  | (405) |  |  | (835) |  |  | (812) |
Net of tax | 1,399 |  |  | 1,332 |  |  | 2,796 |  |  | 2,673 |
Total reclassifications, net of tax | $ | (604) |  |  | $ | 1,127 |  |  | $ | (2,059) |  |  | $ | 2,868 |
(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 Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfWeightedAverageNumberOfSharesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration