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Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity (Tables) | 6 Months Ended
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Jun. 27, 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 |  | (555) |  |  | 382 |  |  | — |  |  | (3,229) |  |  | (3,402) |
Tax (expense) or benefit |  | — |  |  | (80) |  |  | — |  |  | 759 |  |  | 679 |
Amounts reclassified from accumulated other comprehensive income (loss), net of tax |  | — |  |  | — |  |  | — |  |  | (29) |  |  | (29) |
Balance as of June 27, 2020 |  | $ | (3,467) |  |  | $ | 397 |  |  | $ | (5,762) |  |  | $ | (1,993) |  |  | $ | (10,825) |
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 |  | 630 |  |  | 273 |  |  | — |  |  | (1,817) |  |  | (914) |
Tax (expense) or benefit |  | — |  |  | (57) |  |  | — |  |  | 427 |  |  | 370 |
Reclassification of stranded tax impact |  | — |  |  | — |  |  | (1,185) |  |  | 446 |  |  | (739) |
Amounts reclassified from accumulated other comprehensive income (loss), net of tax |  | — |  |  | — |  |  | — |  |  | (692) |  |  | (692) |
Balance as of June 29, 2019 |  | $ | (2,343) |  |  | $ | 60 |  |  | $ | (4,114) |  |  | $ | 823 |  |  | $ | (5,574) |
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 |  |  |  | Six Months Ended |  |
Details about Accumulated Other Comprehensive Income (Loss) Components | Affected Line Item in the Statement Where Net Income is Presented | June 27, 2020 |  | June 29, 2019 |  | June 27, 2020 |  | June 29, 2019
Derivative financial instruments |  |  |  |  |  |  |  |
Interest rate swap | Interest expense, net | $ | (74) |  |  | $ | 445 |  |  | $ | 40 |  |  | $ | 905 |
| Income tax expense | (5) |  |  | (105) |  |  | (11) |  |  | (213) |
| Net of tax | $ | (79) |  |  | $ | 340 |  |  | $ | 29 |  |  | $ | 692 |
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):
| Six Months Ended |  |
| June 27, 2020 |  | June 29, 2019
Dividends per common share | $ | 0.610 |  |  | $ | 0.600 |
Schedule of Share Repurchases | The following table summarizes shares repurchased and settled by the Corporation (in thousands, except share and per share data):
| Six Months Ended |  |
| June 27, 2020 |  | June 29, 2019
Shares repurchased | 214,200 |  |  | 1,576,608 |
Average price per share | $ | 29.83 |  |  | $ | 36.59 |
Cash purchase price | $ | (6,390) |  |  | $ | (57,684) |
Purchases unsettled as of quarter end | — |  |  | 681 |
Prior year purchases settled in current year | (374) |  |  | (354) |
Shares repurchased per cash flow | $ | (6,764) |  |  | $ | (57,357) |

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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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