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Shareholders' Equity (Tables)
3 Months Ended
Mar. 30, 2016
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 30, 2015
$
(22,764
)
 
$
(1,013
)
 
$
(23,777
)
Amortization of net loss (1)
21

 

 
21

Net change in fair value of derivatives

 
(7,478
)
 
(7,478
)
Reclassification of derivatives to interest expense (2)

 
(212
)
 
(212
)
Income tax (expense) benefit related to items of other comprehensive loss
(8
)
 
2,997

 
2,989

Balance as of March 30, 2016
(22,751
)
 
(5,706
)
 
(28,457
)

(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 quarter ended March 30, 2016. See Note 10 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 $0.5 million from accumulated other comprehensive loss related to our interest rate swaps during the next twelve months. See Note 9 for additional details.