Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 30, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

Comprehensive income (loss) is a measure of income which includes both net income (loss) and other comprehensive income (loss). Other comprehensive income (loss) results from items deferred from recognition in the Company’s consolidated statements of operations. Accumulated other comprehensive income (loss) is separately presented on the consolidated balance sheet as part of total stockholders’ equity.

The changes in accumulated balances for each component of other comprehensive income (loss) for fiscal 2023, fiscal 2022, and fiscal 2021 were as follows:


	Impact of defined benefit pension plan, net of tax		Other, net of tax		Total
	(In thousands)
Balance as of beginning of fiscal 2021, net of tax	$	(36,855)	$	863	$	(35,992)
Other comprehensive income, net of tax (1)	6,610		22		6,632
Balance as of end of fiscal 2021, net of tax	$	(30,245)	$	885	$	(29,360)
Other comprehensive (loss) income, net of tax (2)	(2,430)		378		(2,052)
Balance as of end of fiscal 2022, net of tax	$	(32,675)	$	1,263	$	(31,412)
Other comprehensive income (loss), including tax (3)	32,675		(1,263)		31,412
Balance as of end of fiscal 2023 (4)	$	—	$	—	$	—

(1) For fiscal 2021, included $6.6 million of net other comprehensive income, net of deferred taxes of $2.1 million, related to the defined benefit pension plan for actuarial adjustments and amortization of unrecognized amounts from prior years.

(2) For fiscal 2022, included $2.4 million of net other comprehensive loss, net of deferred tax benefit of $0.8 million, related to the defined benefit pension plan for actuarial adjustments and amortization of unrecognized amounts from prior years.

(3) For fiscal 2023, included $32.7 million related to the single-employer defined benefit pension plan, as follows: $(3.1) million net of tax of $1.1 million for actuarial adjustments; $0.9 million net of tax of $(0.3) million for amortization of unrecognized amounts from prior years; and $30.4 million plus tax of $4.5 million for the settlement of the plan and reclassification of these amounts to earnings.

(4) As of the end of fiscal 2023, the Company no longer has any items recorded in accumulated other comprehensive income (loss).