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Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity | 6 Months Ended
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Jun. 27, 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 |  | (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. Interest Rate Swap In August 2019, concurrent with the termination of a 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 June 27, 2020, the fair value of the Corporation's interest rate swap liability was $2.8 million. The unrecognized change in value of the interest rate swap, which includes the unamortized gain on the termination of the previous interest rate swap, is reported net of tax as $(2.0) 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 | 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. Dividend 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 |
Stock Repurchase 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) |
As of June 27, 2020, approximately $158.3 million of the Corporation's Board of Directors' ("Board") current repurchase authorization remained unspent. As announced in the April 6, 2020 COVID-19 response update, the Corporation temporarily suspended 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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: 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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