XML 39 R36.htm IDEA: XBRL DOCUMENT v3.2.0.727
Shareholders' Equity (Tables)
 6 Months Ended
Jul. 01, 2015
Statement of Comprehensive Income [Abstract]  
Components of accumulated other comprehensive loss
The components of the change in accumulated other comprehensive loss were as follows:

 
Pensions
 
Derivatives
 
Accumulated Other Comprehensive Loss
 
(In thousands)
Balance as of December 31, 2014
$
(24,994
)
 
$
392

 
$
(24,602
)
Amortization of net loss (1)
866

 
—

 
866

Net change in fair value of derivatives
—

 
2,762

 
2,762

Reclassification of derivatives to interest expense (2)
—

 
(294
)
 
(294
)
Income tax expense related to items of other comprehensive loss
(338
)
 
(963
)
 
(1,301
)
Balance as of July 1, 2015
$
(24,466
)
 
$
1,897

 
$
(22,569
)

(1)
Before-tax amount that was reclassified from accumulated other comprehensive loss and included as a component of pension expense within general and administrative expenses in our Condensed Consolidated Statements of Income during the two quarters ended July 1, 2015. See Note 9 for additional details.
(2)
Amounts reclassified from accumulated other comprehensive loss into income, represent payments made to the counterparty for the effective portions of the interest rate swaps. These amounts are included as a component of interest expense in our Condensed Consolidated Statements of Income. We expect to reclassify approximately $1.1 million from accumulated other comprehensive loss related to our interest rate swaps during the next twelve months. See Note 8 for additional details.