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Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity | 9 Months Ended
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Oct. 01, 2022
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:
|  | Foreign Currency Translation Adjustment |  | Unrealized Gains (Losses) on Debt Securities |  | Pension and Post-retirement Liabilities |  | Derivative Financial Instrument |  | Accumulated Other Comprehensive Income (Loss)
Balance as of January 1, 2022 |  | $ | (0.7) |  |  | $ | 0.1 |  |  | $ | (5.4) |  |  | $ | (0.7) |  |  | $ | (6.8) |
Other comprehensive income (loss) before reclassifications |  | (2.2) |  |  | (1.0) |  |  | — |  |  | 1.1 |  |  | (2.1) |
Tax (expense) or benefit |  | — |  |  | 0.2 |  |  | — |  |  | (0.3) |  |  | (0.1) |
Amounts reclassified from accumulated other comprehensive income (loss), net of tax |  | (3.3) |  |  | — |  |  | — |  |  | 0.0 |  |  | (3.3) |
Balance as of October 1, 2022 |  | $ | (6.2) |  |  | $ | (0.7) |  |  | $ | (5.4) |  |  | $ | 0.2 |  |  | $ | (12.2) |
Amounts in parentheses indicate reductions to equity.
|  | Foreign Currency Translation Adjustment |  | Unrealized Gains (Losses) on Debt Securities |  | Pension and Post-retirement Liabilities |  | Derivative Financial Instrument |  | Accumulated Other Comprehensive Income (Loss)
Balance as of January 2, 2021 |  | $ | (1.1) |  |  | $ | 0.4 |  |  | $ | (6.7) |  |  | $ | (1.8) |  |  | $ | (9.2) |
Other comprehensive income (loss) before reclassifications |  | 0.1 |  |  | (0.2) |  |  | — |  |  | 0.0 |  |  | (0.1) |
Tax (expense) or benefit |  | — |  |  | 0.0 |  |  | — |  |  | (0.0) |  |  | 0.0 |
Amounts reclassified from accumulated other comprehensive income (loss), net of tax |  | — |  |  | — |  |  | — |  |  | 0.5 |  |  | 0.5 |
Balance as of October 2, 2021 |  | $ | (1.0) |  |  | $ | 0.2 |  |  | $ | (6.7) |  |  | $ | (1.2) |  |  | $ | (8.6) |
Amounts in parentheses indicate reductions to equity. Interest Rate Swap Termination In April 2022, the Corporation terminated its interest rate swap agreement and received cash proceeds of $0.4 million, the fair value of the swap on the termination date. The proceeds were recorded as cash provided by operating activities in the Condensed Consolidated Statement of Cash Flows. The $0.4 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 April 2023, the remaining term of the original interest rate swap agreement. The following table details the reclassifications from accumulated other comprehensive income (loss):
|  |  | 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 1, 2022 |  | October 2, 2021 |  | October 1, 2022 |  | October 2, 2021
Derivative financial instrument |  |  |  |  |  |  |  |
Interest rate swap | Interest expense, net |  | $ | 0.1 |  |  | $ | (0.3) |  |  | $ | (0.1) |  |  | $ | (0.7) |
| Income taxes |  | (0.0) |  |  | 0.1 |  |  | 0.0 |  |  | 0.2 |
Foreign currency translation |  |  |  |  |  |  |  |  |
Lamex divestiture | Gain on sale of subsidiary |  | 3.3 |  |  | — |  |  | 3.3 |  |  | — |
| Net of tax |  | $ | 3.4 |  |  | $ | (0.2) |  |  | $ | 3.3 |  |  | $ | (0.5) |
Amounts in parentheses indicate reductions to profit. Dividend The Corporation declared and paid cash dividends per common share as follows:
| Nine Months Ended
| October 1, 2022 |  | October 2, 2021
Dividends per common share | $ | 0.950 |  |  | $ | 0.925 |
Stock Repurchase The following table summarizes shares repurchased and settled by the Corporation:
| Nine Months Ended
| October 1, 2022 |  | October 2, 2021
Shares repurchased | 1.7 |  |  | 0.5 |
Average price per share | $ | 38.11 |  |  | $ | 39.52 |
Cash purchase price | $ | (63.9) |  |  | $ | (19.8) |
Purchases unsettled as of quarter end | — |  |  | 1.3 |
Prior year purchases settled in current year | (1.3) |  |  | — |
Shares repurchased per cash flow | $ | (65.2) |  |  | $ | (18.5) |
As of October 1, 2022, approximately $234.0 million remained of the Corporation's Board of Directors' ("Board") current repurchase authorization.

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