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ACCUMULATED OTHER COMPREHENSIVE LOSS

3 Months Ended

Apr. 03, 2021

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

ACCUMULATED OTHER COMPREHENSIVE LOSS

The Company's comprehensive income (loss) consists of net income (loss) and specified components of other comprehensive income (loss) (“OCL”), which relate to changes in assets and liabilities that are not included in net income (loss) but are instead deferred and accumulated within a separate component of equity in the Company's balance sheets. The Company's comprehensive income (loss) is presented in the Company's statements of comprehensive income (loss).

The following table presents deferred components of AOCL in equity, net of related taxes:

(In thousands)									March 2021									December 2020						March 2020
Foreign currency translation									$	(87,260)								$	(80,178)					$	(111,328)
Defined benefit pension plans									(1,815)									(1,889)						(2,272)
Derivative financial instruments									(7,622)									(12,740)						(19,862)
Accumulated other comprehensive loss									$	(96,697)								$	(94,807)					$	(133,462)

The following tables present changes in AOCL, net of related tax impact:

			Three Months Ended March 2021
			Foreign Currency Translation						Defined Benefit Pension Plans						Derivative Financial Instruments
(In thousands)																					Total
			Balance, December 2020			$	(80,178)					$	(1,889)					$	(12,740)					$	(94,807)
Other comprehensive income (loss) due to gains (losses) arising before reclassifications			(7,082)						—						2,850						(4,232)
Reclassifications to net income (loss) of previously deferred (gains) losses			—						74						2,268						2,342
Net other comprehensive income (loss)			(7,082)						74						5,118						(1,890)
Balance, March 2021			$	(87,260)					$	(1,815)					$	(7,622)					$	(96,697)

			Three Months Ended March 2020
			Foreign Currency Translation						Defined Benefit Pension Plans						Derivative Financial Instruments
(In thousands)																					Total
Balance, December 2019			$	(84,118)					$	(2,301)					$	6,721					$	(79,698)
Other comprehensive income (loss) due to gains (losses) arising before reclassifications			(27,210)						—						(23,655)						(50,865)
Reclassifications to net income (loss) of previously deferred (gains) losses			—						29						(2,928)						(2,899)
Net other comprehensive income (loss)			(27,210)						29						(26,583)						(53,764)
Balance, March 2020			$	(111,328)					$	(2,272)					$	(19,862)					$	(133,462)

The following table presents reclassifications out of AOCL:

(In thousands)												Three Months Ended March
			Details About Accumulated Other Comprehensive Loss Reclassifications						Affected Line Item in the Financial Statements
																														2021									2020
Defined benefit pension plans:
Net change in deferred losses during the period						Selling, general and administrative expenses									$	(99)								$	(38)
Total before tax															(99)									(38)
Income taxes						Income taxes									25									9
Net of tax															(74)									(29)
Gains (losses) on derivative financial instruments:
Foreign currency exchange contracts						Net revenues									$	75								$	(358)
Foreign currency exchange contracts						Cost of goods sold									(1,405)									3,741
Foreign currency exchange contracts						Other expense, net									(134)									(4)
Interest rate swap agreements						Interest expense									(1,513)									(231)
Total before tax															(2,977)									3,148
Income taxes						Income taxes									709									(220)
Net of tax															(2,268)									2,928
Total reclassifications for the period, net of tax															$	(2,342)								$	2,899

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- References

No definition available.

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- 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://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 http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: 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 http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI http://asc.fasb.org/topic&trid=2208762

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