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Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity (Tables) | 9 Months Ended
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Oct. 02, 2021
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 January 2, 2021 |  | $ | (1,071) |  |  | $ | 360 |  |  | $ | (6,682) |  |  | $ | (1,760) |  |  | $ | (9,153) |
Other comprehensive income (loss) before reclassifications |  | 107 |  |  | (199) |  |  | — |  |  | 42 |  |  | (50) |
Tax (expense) or benefit |  | — |  |  | 42 |  |  | — |  |  | (10) |  |  | 32 |
Amounts reclassified from accumulated other comprehensive income (loss), net of tax |  | — |  |  | — |  |  | — |  |  | 545 |  |  | 545 |
Balance as of October 2, 2021 |  | $ | (964) |  |  | $ | 203 |  |  | $ | (6,682) |  |  | $ | (1,183) |  |  | $ | (8,626) |
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 28, 2019 |  | $ | (2,912) |  |  | $ | 95 |  |  | $ | (5,762) |  |  | $ | 506 |  |  | $ | (8,073) |
Other comprehensive income (loss) before reclassifications |  | 368 |  |  | 341 |  |  | — |  |  | (3,236) |  |  | (2,527) |
Tax (expense) or benefit |  | — |  |  | (72) |  |  | — |  |  | 758 |  |  | 686 |
Amounts reclassified from accumulated other comprehensive income (loss), net of tax |  | — |  |  | — |  |  | — |  |  | 85 |  |  | 85 |
Balance as of September 26, 2020 |  | $ | (2,544) |  |  | $ | 364 |  |  | $ | (5,762) |  |  | $ | (1,887) |  |  | $ | (9,829) |
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 |  | Nine Months Ended
Details about Accumulated Other Comprehensive Income (Loss) Components | Affected Line Item in the Statement Where Net Income is Presented | October 2, 2021 |  | September 26, 2020 |  | October 2, 2021 |  | September 26, 2020
Derivative financial instruments |  |  |  |  |  |  |
Interest rate swap | Interest expense, net | $ | (250) |  |  | $ | (147) |  |  | $ | (713) |  |  | $ | (107) |
| Income taxes | 59 |  |  | 33 |  |  | 168 |  |  | 22 |
| Net of tax | $ | (191) |  |  | $ | (114) |  |  | $ | (545) |  |  | $ | (85) |
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):
| Nine Months Ended
| October 2, 2021 |  | September 26, 2020
Dividends per common share | $ | 0.925 |  |  | $ | 0.915 |
Schedule of Share Repurchases | The following table summarizes shares repurchased and settled by the Corporation (in thousands, except per share data):
| Nine Months Ended
| October 2, 2021 |  | September 26, 2020
Shares repurchased | 500 |  |  | 214 |
Average price per share | $ | 39.52 |  |  | $ | 29.83 |
Cash purchase price | $ | (19,774) |  |  | $ | (6,390) |
Purchases unsettled as of quarter end | 1,313 |  |  | — |
Prior year purchases settled in current year | — |  |  | (374) |
Shares repurchased per cash flow | $ | (18,461) |  |  | $ | (6,764) |

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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://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: 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=124509347&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
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