Accumulated Other Comprehensive Items

9 Months Ended

Oct. 02, 2021

Comprehensive income combines net income and other comprehensive items, which represent certain amounts that are reported as components of stockholders' equity in the accompanying condensed consolidated balance sheet.

Changes in each component of accumulated other comprehensive items (AOCI), net of tax, are as follows:


(In thousands)	Foreign Currency Translation Adjustment		Post-Retirement Benefit Liability Adjustments		Deferred Loss on Cash Flow Hedges		Total
Balance at January 2, 2021	$	(17,894)	$	(770)	$	(828)	$	(19,492)
Other comprehensive items before reclassifications	(7,898)		27		(12)		(7,883)
Reclassifications from AOCI	—		30		256		286
Net current period other comprehensive items	(7,898)		57		244		(7,597)
Balance at October 2, 2021	$	(25,792)	$	(713)	$	(584)	$	(27,089)

Amounts reclassified from AOCI are as follows:


	Three Months Ended				Nine Months Ended
(In thousands)	October 2, 2021		September 26, 2020		October 2, 2021		September 26, 2020		Statement of Income Line Item
Post-retirement Benefit Plans
Recognized net actuarial loss	$	(11)	$	(14)	$	(33)	$	(43)	Other expense, net
Amortization of prior service cost	(3)		(2)		(9)		(5)		Other expense, net
Total expense before income taxes	(14)		(16)		(42)		(48)
Income tax benefit	4		4		12		132		Provision for income taxes
	(10)		(12)		(30)		84
Cash Flow Hedges (a)
Interest rate swap agreements	(114)		(109)		(336)		(215)		Interest expense
Forward currency-exchange contracts	—		47		—		24		Cost of revenue
Total expense before income taxes	(114)		(62)		(336)		(191)
Income tax benefit	27		15		80		46		Provision for income taxes
	(87)		(47)		(256)		(145)
Total Reclassifications	$	(97)	$	(59)	$	(286)	$	(61)

(a)See Note 8, Derivatives, for additional information.