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Items Reclassified from Accumulated Other Comprehensive Loss | 9 Months Ended
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Sep. 29, 2024
Equity [Abstract] |
Items Reclassified from Accumulated Other Comprehensive Loss | ITEMS RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE LOSS Amounts reclassified out of accumulated other comprehensive loss (“AOCL”), before tax, to the consolidated condensed statements of operations during the three and nine months ended September 29, 2024 and October 1, 2023 are reflected in the tables below:
|  |  | Three Months Ended
| Statement of Operations Location |  | September 29, 2024 |  | October 1, 2023
|  |  | (in thousands)
Loss on foreign subsidiary liquidation(1) | Other expense, net |  | $ | — |  |  | $ | (6,221) |
Interest rate swap contracts loss | Interest expense |  | — |  |  | (196) |
Amortization of benefit plan net actuarial losses and prior service cost | Other expense, net |  | (379) |  |  | (198) |
Total loss reclassified from AOCL |  |  | $ | (379) |  |  | $ | (6,615) |
|  |  | Nine Months Ended
| Statement of Operations Location |  | September 29, 2024 |  | October 1, 2023
|  |  | (in thousands)
Loss on foreign subsidiary liquidation(1) | Other expense, net |  | $ | — |  |  | $ | (6,221) |
Interest rate swap contracts loss | Interest expense |  | — |  |  | (982) |
Amortization of benefit plan net actuarial losses and prior service cost | Other expense, net |  | (1,124) |  |  | (585) |
Total loss reclassified from AOCL |  |  | $ | (1,124) |  |  | $ | (7,788) |
(1) The Company’s foreign subsidiaries in Russia and Brazil were substantially liquidated during the three months ended October 1, 2023, and the cumulative foreign currency translation losses associated with these entities were recognized in the consolidated condensed statements of operations. The tax impact of the cumulative foreign currency translation reclassification was approximately $1.1 million.

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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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- References No definition available. + Details
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