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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables) | 6 Months Ended
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Jul. 01, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Schedule of Accumulated Other Comprehensive Income (Loss) | The following tables disclose changes in the balances of each component of accumulated other comprehensive income (loss), net of taxes (in thousands):
| For the 13 Weeks Ended July 1, 2023
| Currency Translation Adjustments |  | Cash Flow Hedges |  |  |  |
|  | Forward Contracts |  |  |  | Pension Plan |  | Total
Beginning balance | $ | (84,784) |  |  | $ | (389) |  |  |  |  | $ | 11,966 |  |  | $ | (73,207) |
Other comprehensive income (loss) before reclassifications | (4,090) |  |  | (625) |  |  |  |  | — |  |  | (4,715) |
Tax (expense) benefit | — |  |  | 183 |  |  |  |  | — |  |  | 183 |
Amounts reclassed from accumulated other comprehensive income (loss) | — |  |  | (510) |  |  |  |  | — |  |  | (510) |
Tax (expense) benefit | — |  |  | 259 |  |  |  |  | — |  |  | 259 |
Total other comprehensive income (loss) | (4,090) |  |  | (191) |  |  |  |  | — |  |  | (4,281) |
Ending balance | $ | (88,874) |  |  | $ | (580) |  |  |  |  | $ | 11,966 |  |  | $ | (77,488) |
| For the 13 Weeks Ended July 2, 2022
| Currency Translation Adjustments |  | Cash Flow Hedges |  |  |  |
|  | Forward Contracts |  |  |  | Pension Plan |  | Total
Beginning balance | $ | (83,486) |  |  | $ | 5,442 |  |  |  |  | $ | 3,982 |  |  | $ | (74,062) |
Other comprehensive income (loss) before reclassifications | (16,087) |  |  | 5,843 |  |  |  |  | — |  |  | (10,244) |
Tax (expense) benefit | — |  |  | 257 |  |  |  |  | — |  |  | 257 |
Amounts reclassed from accumulated other comprehensive income (loss) | — |  |  | 2,750 |  |  |  |  | — |  |  | 2,750 |
Tax (expense) benefit | — |  |  | 280 |  |  |  |  | — |  |  | 280 |
Total other comprehensive income (loss) | (16,087) |  |  | 3,070 |  |  |  |  | — |  |  | (13,017) |
Ending balance | $ | (99,573) |  |  | $ | 8,512 |  |  |  |  | $ | 3,982 |  |  | $ | (87,079) |
| For the 26 Weeks Ended July 1, 2023
| Currency Translation Adjustments |  | Cash Flow Hedges |  |  |  |
|  | Forward Contracts |  |  |  | Pension Plan |  | Total
Beginning balance | $ | (90,681) |  |  | $ | 2,397 |  |  |  |  | $ | 11,966 |  |  | $ | (76,318) |
Other comprehensive income (loss) before reclassifications | 1,807 |  |  | (3,751) |  |  |  |  | — |  |  | (1,944) |
Tax (expense) benefit | — |  |  | 628 |  |  |  |  | — |  |  | 628 |
Amounts reclassed from accumulated other comprehensive income | — |  |  | (685) |  |  |  |  | — |  |  | (685) |
Tax (expense) benefit | — |  |  | 539 |  |  |  |  | — |  |  | 539 |
Total other comprehensive income (loss) | 1,807 |  |  | (2,977) |  |  |  |  | — |  |  | (1,170) |
Ending balance | $ | (88,874) |  |  | $ | (580) |  |  |  |  | $ | 11,966 |  |  | $ | (77,488) |
| For the 26 Weeks Ended July 2, 2022
| Currency Translation Adjustments |  | Cash Flow Hedges |  |  |  |
|  | Forward Contracts |  |  |  | Pension Plan |  | Total
Beginning balance | $ | (75,601) |  |  | $ | 4,344 |  |  |  |  | $ | 3,982 |  |  | $ | (67,275) |
Other comprehensive income (loss) before reclassifications | (23,972) |  |  | 8,201 |  |  |  |  | — |  |  | (15,771) |
Tax (expense) benefit | — |  |  | 530 |  |  |  |  | — |  |  | 530 |
Amounts reclassed from accumulated other comprehensive income (loss) | — |  |  | 4,203 |  |  |  |  | — |  |  | 4,203 |
Tax (expense) benefit | — |  |  | 360 |  |  |  |  | — |  |  | 360 |
Total other comprehensive income (loss) | (23,972) |  |  | 4,168 |  |  |  |  | — |  |  | (19,804) |
Ending balance | $ | (99,573) |  |  | $ | 8,512 |  |  |  |  | $ | 3,982 |  |  | $ | (87,079) |
See Note—10 Derivatives and Risk Management for additional disclosures about the Company’s use of derivatives.

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