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Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity | 3 Months Ended
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Mar. 28, 2020
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 Debt Securities |  | Pension and Post-retirement Liabilities |  | Derivative Financial Instruments |  | Accumulated Other Comprehensive Income (Loss)
Balance as of December 28, 2019 |  | $ | (2,912 | ) |  | $ | 95 |  |  | $ | (5,762 | ) |  | $ | 506 |  |  | $ | (8,073 | )
Other comprehensive income (loss) before reclassifications |  | (600 | ) |  | 75 |  |  | — |  |  | (2,756 | ) |  | (3,281 | )
Tax (expense) or benefit |  | — |  |  | (16 | ) |  | — |  |  | 648 |  |  | 632 |
Amounts reclassified from accumulated other comprehensive income (loss), net of tax |  | — |  |  | — |  |  | — |  |  | (108 | ) |  | (108 | )
Balance as of March 28, 2020 |  | $ | (3,512 | ) |  | $ | 154 |  |  | $ | (5,762 | ) |  | $ | (1,710 | ) |  | $ | (10,830 | )
Amounts in parentheses indicate reductions to equity.
|  | Foreign Currency Translation Adjustment |  | Unrealized Gains (Losses) on Debt Securities |  | Pension and Post-retirement Liabilities |  | Derivative Financial Instruments |  | Accumulated Other Comprehensive Income (Loss)
Balance as of December 29, 2018 |  | $ | (2,973 | ) |  | $ | (156 | ) |  | $ | (2,929 | ) |  | $ | 2,459 |  |  | $ | (3,599 | )
Other comprehensive income (loss) before reclassifications |  | 963 |  |  | 114 |  |  | — |  |  | (527 | ) |  | 550 |
Tax (expense) or benefit |  | — |  |  | (24 | ) |  | — |  |  | 124 |  |  | 100 |
Reclassification of stranded tax impact |  | — |  |  | — |  |  | (1,185 | ) |  | 446 |  |  | (739 | )
Amounts reclassified from accumulated other comprehensive income (loss), net of tax |  | — |  |  | — |  |  | — |  |  | (352 | ) |  | (352 | )
Balance as of March 30, 2019 |  | $ | (2,010 | ) |  | $ | (66 | ) |  | $ | (4,114 | ) |  | $ | 2,150 |  |  | $ | (4,040 | )
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 paid a fixed rate of 1.29 percent and received one month LIBOR on a $150 million notional value. In August 2019, the agreement governing this interest rate swap was terminated, and the Corporation received cash proceeds of $0.5 million, the fair value of the interest rate swap on the termination date. The proceeds were recorded as cash provided by operating activities in the Condensed Consolidated Statement of Cash Flows. The $0.5 million gain from the termination of this interest rate swap agreement was recorded to "Accumulated other comprehensive income (loss)" and will be amortized to interest expense through January 2021, the remaining term of the original interest rate swap agreement. In August 2019, concurrent with the termination of the previous interest rate swap, the Corporation entered into a new interest rate swap transaction to hedge $75 million of outstanding variable rate revolver borrowings against future interest rate volatility. Under the terms of this interest rate swap, the Corporation pays a fixed rate of 1.42 percent and receives one month LIBOR on a $75 million notional value expiring August 2023. As of March 28, 2020, the fair value of the Corporation's interest rate swap liability was $2.5 million. The unrecognized change in value of the interest rate swap, which includes the unamortized gain on the termination of the 2016 interest rate swap, is reported net of tax as $(1.7) 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
Details about Accumulated Other Comprehensive Income (Loss) Components | Affected Line Item in the Statement Where Net Income is Presented | March 28, 2020 |  | March 30, 2019
Derivative financial instruments |  |  |
Interest rate swap | Interest expense, net | $ | 114 |  |  | $ | 460 |
| Income tax expense | (6 | ) |  | (108 | )
| Net of tax | $ | 108 |  |  | $ | 352 |
Amounts in parentheses indicate reductions to profit. Dividend The Corporation declared and paid cash dividends per common share as follows (in dollars):
| Three Months Ended
| March 28, 2020 |  | March 30, 2019
Dividends per common share | $ | 0.305 |  |  | $ | 0.295 |
Stock Repurchase The following table summarizes shares repurchased and settled by the Corporation (in thousands, except share and per share data):
| Three Months Ended
| March 28, 2020 |  | March 30, 2019
Shares repurchased | 186,700 |  |  | 647,290 |
Average price per share | $ | 30.75 |  |  | $ | 38.14 |
Cash purchase price | $ | (5,741 | ) |  | $ | (24,685 | )
Purchases unsettled as of quarter end | 276 |  |  | 1,170 |
Prior year purchases settled in current year | (374 | ) |  | (354 | )
Shares repurchased per cash flow | $ | (5,839 | ) |  | $ | (23,869 | )
As of March 28, 2020, approximately $158.9 million of the Corporation's Board of Directors' ("Board") current repurchase authorization remained unspent. In its COVID-19 response update on April 6th, the Corporation announced plans to temporarily suspend share repurchase activity to support free cash flow.

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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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