Accumulated Other Comprehensive Items (Tables)

9 Months Ended

Sep. 28, 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 income (loss) before reclassifications		1,143		–			(6	)		(81	)		1,056
Reclassifications from AOCI		–		68			300			431			799
Net current period other comprehensive income		1,143		68			294			350			1,855
Balance at September 28, 2013	$	9,267	$	(680	)	$	(9,351	)	$	(696	)	$	(1,460	)

Reclassification out of accumulated other comprehensive items

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

	Three Months Ended			Nine Months Ended
(In thousands)	September 28, 2013			September 28, 2013			Income Statement Line Item
Pension and Other Post-retirement Plans: (1)
Amortization of prior service cost	$	(35	)	$	(105	)	Selling, general, and administrative expenses
Amortization of actuarial losses		(150	)		(459	)	Selling, general, and administrative expenses
Total expense before income taxes		(185	)		(564	)
Income tax benefit		65			196		Provision for income taxes
		(120	)		(368	)
Cash Flow Hedges: (2)
Interest rate swap agreements		(91	)		(287	)	Interest expense
Forward currency-exchange contracts		(70	)		(153	)	Revenues
Total expense before income taxes		(161	)		(440	)
Income tax benefit		56			9		Provision for income taxes
		(105	)		(431	)
Total reclassifications	$	(225	)	$	(799	)

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

(2)	See Note 10 for additional information.