Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Apr. 01, 2023

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

Schedule of Accumulated Other Comprehensive Loss


	Three Months Ended
	April 1, 2023		March 26, 2022
Unrecognized components of employee benefit plans, net of tax
Balance, beginning of period	$	(43,694)	$	(76,849)


Reclassifications to earnings(a)

Amortization of (gain) loss	(176)		2,488
Amortization of prior service cost	13		8
Income tax on reclassifications	36		(548)
Net comprehensive gain (loss) on employee benefit plans, net of tax	(127)		1,948
Balance, end of period	(43,821)		(74,901)

Unrealized gain (loss) on derivative instruments, net of tax
Balance, beginning of period	(567)		(847)
Reclassifications to earnings - foreign currency exchange contracts(b)	63		92
Income tax on reclassifications	(8)		(12)
Net comprehensive gain on derivative instruments, net of tax	55		80
Balance, end of period	(512)		(767)

Foreign currency translation
Balance, beginning of period	(19,537)		(6,774)
Foreign currency translation adjustment, net of tax(c)	4,212		(6,282)
Balance, end of period	(15,325)		(13,056)

Accumulated other comprehensive loss, end of period	$	(59,658)	$	(88,724)

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(a) The AOCI components for defined benefit pension and post-retirement plans are included in the computation of net periodic benefit cost. See Note 14—Employee Benefit Plans for further information.

(b) Reclassifications of foreign currency exchange contracts are recorded in “cost of sales,” “other operating expense, net” or “other income (expense), net,” as appropriate.

(c) Foreign currency translation is net of tax effects of $0 for all periods presented, as the French operations are taxed on the foreign functional currency, not the translated reporting currency.