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Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity (Tables) | 3 Months Ended
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Mar. 28, 2020
Equity [Abstract] |
Schedule of Components of Accumulated Other Comprehensive Income and Changes in Accumulated Other Comprehensive Income, Net of Tax | 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.
Schedule of Reclassification from Accumulated Other Comprehensive Income | 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.
Schedule of Dividends Declared and Paid Per Share | 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 |
Schedule of Share Repurchases | 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 | )

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- Definition Tabular disclosure of accelerated share repurchase (ASR) programs. An ASR is a combination of transactions that permits an entity to purchase a targeted number of shares immediately with the final purchase price of those shares determined by an average market price over a fixed period of time. An accelerated share repurchase program is intended to combine the immediate share retirement benefits of a tender offer with the market impact and pricing benefits of a disciplined daily open market stock repurchase program. ASRs can be disclosed as part of stockholders' equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 25 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6405686&loc=d3e22802-112653 + Details
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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669686-108580 + Details
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