Accumulated Other Comprehensive Items (Tables)

6 Months Ended

Jun. 29, 2013

Accumulated Other Comprehensive Items [Abstract]

Components of accumulated other comprehensive items

The change in accumulated other comprehensive items (AOCI) by component, net of tax, in the accompanying condensed consolidated balance sheet is as follows:

(In thousands)	Foreign Currency Translation Adjustment			Unrecognized Prior Service Cost			Deferred Loss on Pension and Other Post- Retirement Plans			Deferred Loss on Hedging Instruments			Accumulated Other Comprehensive Items
Balance at December 29, 2012	$	8,124		$	(748	)	$	(9,645	)	$	(1,046	)	$	(3,315	)
Other comprehensive (loss) income before reclassifications		(3,466	)		–			9			(37	)		(3,494	)
Reclassifications from AOCI		–			46			202			326			574
Net current period other comprehensive (loss) income		(3,466	)		46			211			289			(2,920	)
Balance at June 29, 2013	$	4,658		$	(702	)	$	(9,434	)	$	(757	)	$	(6,235	)

Reclassification out of accumulated other comprehensive items

Amounts reclassified out of accumulated other comprehensive items are as follows:

	Three Months Ended			Six Months Ended			Income Statement
(In thousands)	June 29, 2013			June 29, 2013			Line Item
Pension and Other Post-retirement Plans: (1)
Amortization of prior service cost	$	(35	)	$	(70	)	Selling, general, and administrative expenses
Amortization of actuarial losses		(137	)		(309	)	Selling, general, and administrative expenses
Total expense before income taxes		(172	)		(379	)
Income tax benefit		59			131		Provision for income taxes
		(113	)		(248	)
Cash Flow Hedges: (2)
Interest rate swap agreements		(90	)		(196	)	Interest expense
Forward currency-exchange contracts		(40	)		(83	)	Revenues
Total expense before income taxes		(130	)		(279	)
Income tax benefit (expense)		46			(47	)	Provision for income taxes
		(84	)		(326	)
Total reclassifications	$	(197	)	$	(574	)

(1)	Included in the computation of net periodic benefit costs. See Note 8 for additional information.

(2)	See Note 10 for additional information.