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Accumulated Other Comprehensive Income (Loss) | 3 Months Ended
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Apr. 01, 2022
Equity [Abstract] |
Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income (Loss) Changes in the components of accumulated other comprehensive income, including the amounts reclassified, for the first quarter of 2022 and 2021 are as follows:
|  | Gains and Losses on Cash Flow Hedges |  |  |  |  |  |
(Thousands) |  | Foreign Currency |  | Interest Rate |  | Precious Metals |  | Copper |  | Total |  | Pension and Post-Employment Benefits |  | Foreign Currency Translation |  | Total
Balance at December 31, 2021 |  | $ | 2,348 |  |  | $ | — |  |  | $ | 72 |  |  | $ | — |  |  | $ | 2,420 |  |  | $ | (39,702) |  |  | $ | (2,887) |  |  | $ | (40,169) |
Other comprehensive income (loss) before reclassifications |  | 153 |  |  | 3,112 |  |  | (520) |  |  | — |  |  | 2,745 |  |  | — |  |  | (2,047) |  |  | 698 |
Amounts reclassified from accumulated other comprehensive income (loss) |  | (19) |  |  | 115 |  |  | 107 |  |  | — |  |  | 203 |  |  | (1,000) |  |  | — |  |  | (797) |
Net current period other comprehensive (loss) income before tax |  | 134 |  |  | 3,227 |  |  | (413) |  |  | — |  |  | 2,948 |  |  | (1,000) |  |  | (2,047) |  |  | (99) |
Deferred taxes |  | 31 |  |  | 742 |  |  | (95) |  |  | — |  |  | 678 |  |  | (760) |  |  | — |  |  | (82) |
Net current period other comprehensive (loss) income after tax |  | 103 |  |  | 2,485 |  |  | (318) |  |  | — |  |  | 2,270 |  |  | (240) |  |  | (2,047) |  |  | (17) |
Balance at April 1, 2022 |  | $ | 2,451 |  |  | $ | 2,485 |  |  | $ | (246) |  |  | $ | — |  |  | $ | 4,690 |  |  | $ | (39,942) |  |  | $ | (4,934) |  |  | $ | (40,186) |
Balance at December 31, 2020 |  | $ | 519 |  |  | $ | — |  |  | $ | (170) |  |  | $ | 468 |  |  | $ | 817 |  |  | $ | (43,473) |  |  | $ | 4,017 |  |  | $ | (38,639) |
Other comprehensive (loss) income before reclassifications |  | 1,085 |  |  | — |  |  | 741 |  |  | 1,291 |  |  | 3,117 |  |  | — |  |  | (8,857) |  |  | (5,740) |
Amounts reclassified from accumulated other comprehensive income (loss) |  | 140 |  |  | — |  |  | (104) |  |  | (1,534) |  |  | (1,498) |  |  | 157 |  |  | — |  |  | (1,341) |
Net current period other comprehensive (loss) income before tax |  | 1,225 |  |  |  |  | 637 |  |  | (243) |  |  | 1,619 |  |  | 157 |  |  | (8,857) |  |  | (7,081) |
Deferred taxes |  | 282 |  |  |  |  | 147 |  |  | (55) |  |  | 374 |  |  | (7) |  |  | — |  |  | 367 |
Net current period other comprehensive (loss) income after tax |  | 943 |  |  |  |  | 490 |  |  | (188) |  |  | 1,245 |  |  | 164 |  |  | (8,857) |  |  | (7,448) |
Balance at April 2, 2021 |  | $ | 1,462 |  |  |  |  | $ | 320 |  |  | $ | 280 |  |  | $ | 2,062 |  |  | $ | (43,309) |  |  | $ | (4,840) |  |  | $ | (46,087) |
Reclassifications from accumulated other comprehensive income (loss) of gains and losses on foreign currency cash flow hedges are recorded in Net sales in the Consolidated Statements of Income (Loss). Reclassifications from accumulated other comprehensive income (loss) of gains and losses on precious metal and copper cash flow hedges are recorded in Cost of sales in the Consolidated Statements of Income. Reclassifications from accumulated other comprehensive income (loss) of gains and losses on the interest rate cash flow hedge is recorded in Interest expense in the Consolidated Statements of Income. Refer to Note N for additional details on cash flow hedges. Reclassifications from accumulated other comprehensive income (loss) for pension and post-employment benefits are included in the computation of the net periodic pension and post-employment benefit expense. Refer to Note J for additional details on pension and post-employment expenses.

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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 http://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 http://asc.fasb.org/extlink&oid=123367319&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 http://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 http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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