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Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity | 3 Months Ended
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Apr. 01, 2023
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 December 31, 2022 |  | $ | (6.4) |  |  | $ | (0.6) |  |  | $ | (1.1) |  |  | $ | 0.1 |  |  | $ | (8.0) |
Other comprehensive income (loss) before reclassifications |  | 0.1 |  |  | 0.2 |  |  | — |  |  | — |  |  | 0.2 |
Tax (expense) or benefit |  | — |  |  | (0.0) |  |  | — |  |  | — |  |  | (0.0) |
Amounts reclassified from accumulated other comprehensive income (loss), net of tax |  | — |  |  | 0.0 |  |  | — |  |  | (0.1) |  |  | (0.1) |
Balance as of April 1, 2023 |  | $ | (6.3) |  |  | $ | (0.5) |  |  | $ | (1.1) |  |  | $ | — |  |  | $ | (7.9) |
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 1, 2022 |  | $ | (0.7) |  |  | $ | 0.1 |  |  | $ | (5.4) |  |  | $ | (0.7) |  |  | $ | (6.8) |
Other comprehensive income (loss) before reclassifications |  | (0.6) |  |  | (0.5) |  |  | — |  |  | 1.0 |  |  | (0.1) |
Tax (expense) or benefit |  | — |  |  | 0.1 |  |  | — |  |  | (0.2) |  |  | (0.1) |
Amounts reclassified from accumulated other comprehensive income (loss), net of tax |  | — |  |  | 0.0 |  |  | — |  |  | 0.2 |  |  | 0.2 |
Balance as of April 2, 2022 |  | $ | (1.2) |  |  | $ | (0.4) |  |  | $ | (5.4) |  |  | $ | 0.2 |  |  | $ | (6.8) |
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 has been fully amortized to interest expense as of April 1, 2023. The following table details the reclassifications from accumulated other comprehensive income (loss):
|  |  | Three Months Ended |  |
Details about Accumulated Other Comprehensive Income (Loss) Components | Affected Line Item in the Statement Where Net Income is Presented |  | April 1, 2023 |  | April 2, 2022 |  |  |  |
Derivative financial instrument |  |  |  |  |  |  |  |
Interest rate swap | Interest expense, net |  | $ | 0.1 |  |  | $ | (0.2) |  |  |  |  |
| Income taxes |  | (0.0) |  |  | 0.1 |  |  |  |  |
Unrealized gains on debt securities |  |  |  |  |  |  |  |  |
Gain on sale of debt securities | Selling and administrative expenses |  | 0.0 |  |  | 0.0 |  |  |  |  |
| Income tax expense |  | (0.0) |  |  | (0.0) |  |  |  |  |
| Net of tax |  | $ | 0.1 |  |  | $ | (0.2) |  |  |  |  |
Amounts in parentheses indicate reductions to profit. Dividend The Corporation declared and paid cash dividends per common share as follows:
| Three Months Ended
| April 1, 2023 |  | April 2, 2022
Dividends per common share | $ | 0.32 |  |  | $ | 0.31 |
Stock Repurchase The following table summarizes shares repurchased and settled by the Corporation:
| Three Months Ended
| April 1, 2023 |  | April 2, 2022
Shares repurchased | — |  |  | 0.6 |
Average price per share | $ | — |  |  | $ | 41.95 |
Cash purchase price | $ | — |  |  | $ | (23.9) |
Prior year purchases settled in current year | — |  |  | (1.3) |
Shares repurchased per cash flow | $ | — |  |  | $ | (25.2) |
As of April 1, 2023, $234.0 million of the Corporation’s Board of Directors’ ("Board") current repurchase authorizations remained unspent.

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