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Shareholders' equity (Tables) | 3 Months Ended
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Mar. 31, 2024
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 31, 2024 |  | April 2, 2023 |  |  |  |  |  |  |  |
Basic | 47,068 |  |  | 46,949 |  |  |  |  |  |  |  |  |
Dilutive effect of share-based awards | 326 |  |  | 336 |  |  |  |  |  |  |  |  |
Diluted | 47,394 |  |  | 47,285 |  |  |  |  |  |  |  |  |
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 31, 2024 and April 2, 2023:
| Cash Flow Hedges |  | Pension and Other Postretirement Benefit Plans |  | Foreign Currency Translation Adjustment |  | Accumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2023 | $ | 1,396 |  |  | $ | (88,049) |  |  | $ | (227,752) |  |  | $ | (314,405) |
Other comprehensive income (loss) before reclassifications | 2,457 |  |  | 8,726 |  |  | (36,669) |  |  | (25,486) |
Amounts reclassified from accumulated other comprehensive (loss) income | (1,779) |  |  | 80,616 |  |  | — |  |  | 78,837 |
Net current-period other comprehensive income (loss) | 678 |  |  | 89,342 |  |  | (36,669) |  |  | 53,351 |
Balance as of March 31, 2024 | $ | 2,074 |  |  | $ | 1,293 |  |  | $ | (264,421) |  |  | $ | (261,054) |
| 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 | 5,260 |  |  | (184) |  |  | 18,570 |  |  | 23,646 |
Amounts reclassified from accumulated other comprehensive income | (2,852) |  |  | 1,397 |  |  | — |  |  | (1,455) |
Net current-period other comprehensive income | 2,408 |  |  | 1,213 |  |  | 18,570 |  |  | 22,191 |
Balance as of April 2, 2023 | $ | 7,339 |  |  | $ | (134,586) |  |  | $ | (254,084) |  |  | $ | (381,331) |
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 months ended March 31, 2024 and April 2, 2023:
| Three Months Ended |  |
| March 31, 2024 |  | April 2, 2023 |  |  |  |
(Gains) Loss on foreign exchange contracts: |  |  |  |  |  |
Cost of goods sold | $ | (1,762) |  |  | $ | (3,054) |  |  |  |  |
Total before tax | (1,762) |  |  | (3,054) |  |  |  |  |
Taxes | (17) |  |  | 202 |  |  |  |  |
Net of tax | (1,779) |  |  | (2,852) |  |  |  |  |
Pension and other postretirement benefit items (1): |  |  |  |
Actuarial losses | 1,201 |  |  | 2,066 |  |  |  |  |
Prior-service costs | (492) |  |  | (252) |  |  |  |  |
Settlements | 138,139 |  |  | — |  |  |  |  |
Total before tax | 138,848 |  |  | 1,814 |  |  |  |  |
Tax benefit | (58,232) |  |  | (417) |  |  |  |  |
Net of tax | 80,616 |  |  | 1,397 |  |  |  |  |
Total reclassifications, net of tax | $ | 78,837 |  |  | $ | (1,455) |  |  |  |  |
(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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