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Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity | 6 Months Ended
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Jul. 01, 2017
Equity [Abstract] |
Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity | Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity The following tables summarize the components of accumulated other comprehensive income (loss) and the changes in accumulated other comprehensive income (loss), net of tax, as applicable for the six months ended (in thousands):
|  | Foreign Currency Translation Adjustment |  | Unrealized Gains (Losses) on Marketable Securities |  | Pension and Post-retirement Liabilities |  | Derivative Financial Instruments |  | Accumulated Other Comprehensive Income (Loss)
Balance as of December 31, 2016 |  | $ | (1,188 | ) |  | $ | (105 | ) |  | $ | (5,167 | ) |  | $ | 1,460 |  |  | $ | (5,000 | )
Other comprehensive income (loss) before reclassifications |  | 459 |  |  | 57 |  |  | — |  |  | (505 | ) |  | 11 |
Tax (expense) or benefit |  | — |  |  | (20 | ) |  | — |  |  | 186 |  |  | 166 |
Amounts reclassified from accumulated other comprehensive (income) loss, net of tax |  | — |  |  | — |  |  | — |  |  | 190 |  |  | 190 |
Balance as of July 1, 2017 |  | $ | (729 | ) |  | $ | (68 | ) |  | $ | (5,167 | ) |  | $ | 1,331 |  |  | $ | (4,633 | )
Amounts in parentheses indicate reductions in equity.
|  | Foreign Currency Translation Adjustment |  | Unrealized Gains (Losses) on Marketable Securities |  | Pension and Post-retirement Liabilities |  | Derivative Financial Instruments |  | Accumulated Other Comprehensive Income (Loss)
Balance as of January 2, 2016 |  | $ | 322 |  |  | $ | (2 | ) |  | $ | (5,506 | ) |  | $ | — |  |  | $ | (5,186 | )
Other comprehensive income (loss) before reclassifications |  | (598 | ) |  | 112 |  |  | — |  |  | (2,872 | ) |  | (3,358 | )
Tax (expense) or benefit |  | — |  |  | (39 | ) |  | — |  |  | 1,057 |  |  | 1,018 |
Amounts reclassified from accumulated other comprehensive (income) loss, net of tax |  | — |  |  | — |  |  | — |  |  | 262 |  |  | 262 |
Balance as of July 2, 2016 |  | $ | (276 | ) |  | $ | 71 |  |  | $ | (5,506 | ) |  | $ | (1,553 | ) |  | $ | (7,264 | )
Amounts in parentheses indicate reductions in equity. In March 2016, the Corporation entered into an interest rate swap transaction to hedge $150 million of outstanding variable rate revolver borrowings against future interest rate volatility. Under the terms of the interest rate swap, the Corporation pays a fixed rate of 1.29 percent and receives one month LIBOR on a $150 million notional value expiring January 2021. As of July 1, 2017, the fair value of the Corporation's interest rate swap was an asset of $2.1 million, which is reflected in "Other Assets" in the Condensed Consolidated Balance Sheets. The interest rate swap is reported net of tax as $1.3 million in "Accumulated other comprehensive income (loss)" in the Condensed Consolidated Balance Sheets. The following table details the reclassifications from accumulated other comprehensive income (loss) (in thousands):
|  |  |  | Three Months Ended |  | Six Months Ended
Details about Accumulated Other Comprehensive Income (Loss) Components |  | Affected Line Item in the Statement Where Net Income is Presented |  | July 1, 2017 |  | July 2, 2016 |  | July 1, 2017 |  | July 2, 2016
Derivative financial instruments |  |  |  |  |  |  |  |  |  |
Interest rate swap |  | Interest (expense) or income |  | $ | (108 | ) |  | $ | (322 | ) |  | $ | (301 | ) |  | $ | (415 | )
|  | Tax (expense) or benefit |  | 40 |  |  | 119 |  |  | 111 |  |  | 153 |
|  | Net of tax |  | $ | (68 | ) |  | $ | (203 | ) |  | $ | (190 | ) |  | $ | (262 | )
Amounts in parentheses indicate reductions to profit. During the six months ended July 1, 2017, the Corporation repurchased 521,562 shares of its common stock at a cost of approximately $23.8 million. As of July 1, 2017, there was a payable of $1.2 million reflected in "Accounts payable and accrued expenses" in the Condensed Consolidated Balance Sheets relating to shares repurchased but not yet settled. During the six months ended July 2, 2016, the Corporation repurchased 208,000 shares of its common stock at a cost of approximately $8.7 million. As of July 1, 2017, $113.1 million of the Corporation's Board of Directors' ("Board") current repurchase authorization remained unspent. During the six months ended July 1, 2017 and July 2, 2016, the Corporation paid dividends to shareholders of $0.56 and $0.54 per share, respectively.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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