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Shareholders' equity (Tables) | 6 Months Ended
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Jun. 30, 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 |  | Six Months Ended |  |
| June 30, 2024 |  | July 2, 2023 |  | June 30, 2024 |  | July 2, 2023 |  |  |  |
Basic | 47,151 |  |  | 46,981 |  |  | 47,130 |  |  | 46,965 |  |  |  |  |
Dilutive effect of share-based awards | 210 |  |  | 348 |  |  | 248 |  |  | 342 |  |  |  |  |
Diluted | 47,361 |  |  | 47,329 |  |  | 47,378 |  |  | 47,307 |  |  |  |  |
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 June 30, 2024 and July 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 | (780) |  |  | 8,735 |  |  | (50,901) |  |  | (42,946) |
Amounts reclassified from accumulated other comprehensive (loss) income | (2,095) |  |  | 80,241 |  |  | — |  |  | 78,146 |
Net current-period other comprehensive income (loss) | (2,875) |  |  | 88,976 |  |  | (50,901) |  |  | 35,200 |
Balance as of June 30, 2024 | $ | (1,479) |  |  | $ | 927 |  |  | $ | (278,653) |  |  | $ | (279,205) |
| 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) |
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 June 30, 2024 and July 2, 2023:
| Three Months Ended |  | Six Months Ended
| June 30, 2024 |  | July 2, 2023 |  | June 30, 2024 |  | July 2, 2023
(Gains) Loss on foreign exchange contracts: |  |  |  |  |  |
Cost of goods sold | $ | (347) |  |  | $ | (2,181) |  |  | $ | (2,109) |  |  | $ | (5,235) |
Total before tax | (347) |  |  | (2,181) |  |  | (2,109) |  |  | (5,235) |
Taxes | 31 |  |  | 178 |  |  | 14 |  |  | 380 |
Net of tax | (316) |  |  | (2,003) |  |  | (2,095) |  |  | (4,855) |
Pension and other postretirement benefit items (1): |  |  |  |
Actuarial losses | 9 |  |  | 2,069 |  |  | 1,210 |  |  | 4,135 |
Prior-service costs | (491) |  |  | (252) |  |  | (983) |  |  | (504) |
Settlements | — |  |  | — |  |  | 138,139 |  |  | — |
Total before tax | (482) |  |  | 1,817 |  |  | 138,366 |  |  | 3,631 |
Tax benefit | 107 |  |  | (418) |  |  | (58,125) |  |  | (835) |
Net of tax | (375) |  |  | 1,399 |  |  | 80,241 |  |  | 2,796 |
Total reclassifications, net of tax | $ | (691) |  |  | $ | (604) |  |  | $ | 78,146 |  |  | $ | (2,059) |
(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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