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Items Reclassified from Accumulated Other Comprehensive Loss | 12 Months Ended
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Dec. 31, 2023
Equity [Abstract] |
Items Reclassified from Accumulated Other Comprehensive Loss | ITEMS RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE LOSS Amounts reclassified out of accumulated other comprehensive loss (“AOCI”), before tax, to the consolidated statements of operations for the fiscal years 2023, 2022 and 2021, are reflected in the table below:
|  |  | Fiscal Year
| Statement of Operations Location |  | 2023 |  | 2022 |  | 2021
|  |  | (in thousands)
Loss on foreign subsidiary liquidation(1) | Other expense, net |  | $ | (6,221) |  |  | $ | — |  |  | $ | — |
Interest rate swap contracts loss(2) | Interest expense |  | (982) |  |  | (2,809) |  |  | (4,861) |
Amortization of benefit plan net actuarial losses and prior service cost(3) | Other expense, net |  | (800) |  |  | (1,875) |  |  | (2,825) |
Total loss reclassified from AOCI |  |  | $ | (8,003) |  |  | $ | (4,684) |  |  | $ | (7,686) |
(1) The Company’s foreign subsidiaries in Russia and Brazil were substantially liquidated in 2023, and the cumulative foreign currency translation losses associated with these entities were recognized in the consolidated statements of operations. The tax impact of the cumulative foreign currency translation reclassification for 2023 is approximately $1.1 million. (2) The tax impact of the interest rate swap reclassifications were $0.2 million, $0.8 million and $1.4 million for 2023, 2022 and 2021, respectively, related to the discontinued cash flow hedges. See Note 10 entitled “Derivative Instruments” for additional information. (3) See Note 19 entitled “Employee Benefit Plans” for the tax impact of reclassifications related to the Company’s defined benefit plans.

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- Definition The entire disclosure for any adjustments made during the period to avoid double counting in comprehensive income items displayed as part of net income that also had been displayed as part of other comprehensive income in that period or earlier periods. These adjustments include reclassifications to net income of items in accumulated comprehensive income, such as deferred gains or losses on qualifying hedges when hedged item reported in net income, holding gains or losses on available-for-sale securities transferred into trading category, unrealized holding gains or losses on debt securities transferred from held-to-maturity category into available-for-sale category and accumulated translation adjustment attributable to foreign subsidiary or investment in foreign entity upon sale or liquidation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//220/tableOfContent + Details
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