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Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity | 9 Months Ended
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Sep. 29, 2018
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 (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 30, 2017 |  | $ | 31 |  |  | $ | (132 | ) |  | $ | (5,630 | ) |  | $ | 2,120 |  |  | $ | (3,611 | )
Other comprehensive income (loss) before reclassifications |  | (1,944 | ) |  | (125 | ) |  | — |  |  | 2,593 |  |  | 524 |
Tax (expense) or benefit |  | — |  |  | 26 |  |  | — |  |  | (635 | ) |  | (609 | )
Amounts reclassified from accumulated other comprehensive income (loss), net of tax |  | — |  |  | — |  |  | — |  |  | (499 | ) |  | (499 | )
Balance as of September 29, 2018 |  | $ | (1,913 | ) |  | $ | (231 | ) |  | $ | (5,630 | ) |  | $ | 3,579 |  |  | $ | (4,195 | )
Amounts in parentheses indicate reductions to 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 December 31, 2016 |  | $ | (1,188 | ) |  | $ | (105 | ) |  | $ | (5,167 | ) |  | $ | 1,460 |  |  | $ | (5,000 | )
Other comprehensive income (loss) before reclassifications |  | 779 |  |  | 68 |  |  | — |  |  | (471 | ) |  | 376 |
Tax (expense) or benefit |  | — |  |  | (24 | ) |  | — |  |  | 174 |  |  | 150 |
Amounts reclassified from accumulated other comprehensive income (loss), net of tax |  | — |  |  | — |  |  | — |  |  | 207 |  |  | 207 |
Balance as of September 30, 2017 |  | $ | (409 | ) |  | $ | (61 | ) |  | $ | (5,167 | ) |  | $ | 1,370 |  |  | $ | (4,267 | )
Amounts in parentheses indicate reductions to equity. Interest Rate Swap 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 September 29, 2018, the fair value of the Corporation's interest rate swap was an asset of $5.3 million, which is reflected in "Other Assets" in the Condensed Consolidated Balance Sheets. The unrecognized change in value of the interest rate swap is reported net of tax as $3.6 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 |  | Nine Months Ended
Details about Accumulated Other Comprehensive Income (Loss) Components | Affected Line Item in the Statement Where Net Income is Presented | September 29, 2018 |  | September 30, 2017 |  | September 29, 2018 |  | September 30, 2017
Derivative financial instruments |  |  |  |  |  |  |  |
Interest rate swap | Interest (expense) or income | $ | 305 |  |  | $ | (27 | ) |  | $ | 661 |  |  | $ | (328 | )
| Tax (expense) or benefit | (75 | ) |  | 10 |  |  | (162 | ) |  | 121 |
| Net of tax | $ | 230 |  |  | $ | (17 | ) |  | $ | 499 |  |  | $ | (207 | )
Amounts in parentheses indicate reductions to profit. Stock Repurchase The following table summarizes shares repurchased and settled by the Corporation (in thousands, except share data):
| Nine Months Ended
| September 29, 2018 |  | September 30, 2017
Shares repurchased | 368,822 |  |  | 1,300,936 |
Cash purchase price | $ | (14,884 | ) |  | $ | (52,850 | )
Purchases unsettled as of quarter end | 222 |  |  | — |
Prior year purchases settled in current year | (1,381 | ) |  | — |
Shares repurchased per cash flow | $ | (16,043 | ) |  | $ | (52,850 | )
As of September 29, 2018, approximately $63.1 million of the Corporation's Board of Directors' ("Board") current repurchase authorization remained unspent. Dividend The Corporation declared and paid cash dividends per share as follows (in dollars):
| Nine Months Ended
| September 29, 2018 |  | September 30, 2017
Common shares | $ | 0.875 |  |  | $ | 0.845 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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