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Accumulated Other Comprehensive Income or Loss
 12 Months Ended
Jan. 02, 2016
Equity [Abstract]  
Accumulated Other Comprehensive Income or Loss

Note 11 – Accumulated Other Comprehensive Income or Loss

Accumulated other comprehensive income (loss) (“AOCI”) represents the cumulative balance of other comprehensive income (loss), net of tax, as of the end of the reporting period and relates to pension and other postretirement benefit obligation adjustments. Changes in AOCI are as follows:

 

 

January 2, 2016

 

 

January 3, 2015

 

 

December 28, 2013

 

(In thousands)

(52 Weeks)

 

 

(53 Weeks)

 

 

(39 Weeks)

 

Balance at beginning of the fiscal year, net of tax

$

 

(11,655

)

 

$

 

(8,794

)

 

$

 

(13,687

)

Other comprehensive (loss) income before reclassifications

 

 

(455

)

 

 

 

(8,195

)

 

 

 

6,604

 

Income tax benefit (expense)

 

 

114

 

 

 

 

3,138

 

 

 

 

(2,525

)

Other comprehensive income, net of tax, before reclassifications

 

 

(341

)

 

 

 

(5,057

)

 

 

 

4,079

 

Amortization of amounts included in net periodic benefit cost (1)

 

 

884

 

 

 

 

3,410

 

 

 

 

1,712

 

Income tax expense (2)

 

 

(335

)

 

 

 

(1,214

)

 

 

 

(898

)

Amounts reclassified out of AOCI, net of tax

 

 

549

 

 

 

 

2,196

 

 

 

 

814

 

Other comprehensive income (loss), net of tax

 

 

208

 

 

 

 

(2,861

)

 

 

 

4,893

 

Balance at end of the fiscal year, net of tax

$

 

(11,447

)

 

$

 

(11,655

)

 

$

 

(8,794

)

(1)

Reclassified from AOCI into Selling, general and administrative expense. Amortization of amounts included in net periodic benefit cost include amortization of prior service cost and amortization of net actuarial loss, as reflected in Note 10 – Associate Retirement Plans.

(2)

Reclassified from AOCI into Income taxes expense.