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Accumulated Other Comprehensive Income or Loss
 12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Accumulated Other Comprehensive Income or Loss

Note 12 – Accumulated Other Comprehensive Income or Loss

Accumulated other comprehensive income or 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:

 

 

December 31,

 

 

January 2,

 

 

January 3,

 

 

2016

 

 

2016

 

 

2015

 

(In thousands)

(52 Weeks)

 

 

(52 Weeks)

 

 

(53 Weeks)

 

Balance at beginning of the fiscal year, net of tax

$

 

(11,447

)

 

$

 

(11,655

)

 

$

 

(8,794

)

Other comprehensive loss before reclassifications

 

 

(643

)

 

 

 

(455

)

 

 

 

(8,195

)

Income tax benefit

 

 

236

 

 

 

 

114

 

 

 

 

3,138

 

Other comprehensive loss, net of tax, before reclassifications

 

 

(407

)

 

 

 

(341

)

 

 

 

(5,057

)

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

 

 

657

 

 

 

 

884

 

 

 

 

3,410

 

Income tax expense (b)

 

 

(240

)

 

 

 

(335

)

 

 

 

(1,214

)

Amounts reclassified out of AOCI, net of tax

 

 

417

 

 

 

 

549

 

 

 

 

2,196

 

Other comprehensive income (loss), net of tax

 

 

10

 

 

 

 

208

 

 

 

 

(2,861

)

Balance at end of the fiscal year, net of tax

$

 

(11,437

)

 

$

 

(11,447

)

 

$

 

(11,655

)

 

(a)

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.

 

(b)

Reclassified from AOCI into Income taxes expense.