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Stockholders' Equity

6 Months Ended

Jul. 01, 2022

Equity [Abstract]

STOCKHOLDERS' EQUITY

STOCKHOLDERS’ EQUITY

Common Stock

The following is a summary of the number of shares of common stock issued, treasury stock and common stock outstanding for the six month periods ended July 1, 2022 and July 2, 2021:

			Six Months Ended
			July 1, 2022						July 2, 2021
Shares outstanding at beginning of period			33,063,336						32,908,178
Stock options exercised			—						15,075
Vesting of RSUs, net of shares withheld to cover taxes			58,497						75,798
Shares outstanding at end of period			33,121,833						32,999,051

Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) comprises the following (in thousands):

			Defined Benefit Plan Liability						Cash Flow Hedges						Foreign Currency Translation Adjustment						Total Pre-Tax Amount						Tax						Net-of-Tax Amount
April 1, 2022			$	(890)					$	1,170					$	21,833					$	22,113					$	(76)					$	22,037
Unrealized loss on cash flow hedges			—						(291)						—						(291)						61						(230)
Realized gain on foreign currency hedges			—						(295)						—						(295)						62						(233)
Realized loss on interest rate swap hedge			—						526						—						526						(110)						416
Foreign currency translation loss			—						—						(27,274)						(27,274)						—						(27,274)
July 1, 2022			$	(890)					$	1,110					$	(5,441)					$	(5,221)					$	(63)					$	(5,284)
December 31, 2021			$	(890)					$	(2,291)					$	29,720					$	26,539					$	651					$	27,190
Unrealized gain on cash flow hedges			—						2,565						—						2,565						(539)						2,026
Realized gain on foreign currency hedges			—						(457)						—						(457)						96						(361)
Realized loss on interest rate swap hedges			—						1,293						—						1,293						(271)						1,022
Foreign currency translation loss			—						—						(35,161)						(35,161)						—						(35,161)
July 1, 2022			$	(890)					$	1,110					$	(5,441)					$	(5,221)					$	(63)					$	(5,284)

April 2, 2021			$	(1,095)					$	(5,850)					$	41,182					$	34,237					$	1,385					$	35,622
Unrealized gain on cash flow hedges			—						565						—						565						(118)						447
Realized gain on foreign currency hedges			—						(490)						—						(490)						102						(388)
Realized loss on interest rate swap hedges			—						995						—						995						(209)						786
Foreign currency translation gain			—						—						2,484						2,484						—						2,484
July 2, 2021			$	(1,095)					$	(4,780)					$	43,666					$	37,791					$	1,160					$	38,951
December 31, 2020			$	(1,095)					$	(4,956)					$	57,546					$	51,495					$	1,197					$	52,692
Unrealized loss on cash flow hedges			—						(704)						—						(704)						148						(556)
Realized gain on foreign currency hedges			—						(1,149)						—						(1,149)						241						(908)
Realized loss on interest rate swap hedges			—						2,029						—						2,029						(426)						1,603
Foreign currency translation loss			—						—						(13,880)						(13,880)						—						(13,880)
July 2, 2021			$	(1,095)					$	(4,780)					$	43,666					$	37,791					$	1,160					$	38,951

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- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-URI https://asc.fasb.org/topic&trid=2134417

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

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X

- References

No definition available.

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