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Accumulated Other Comprehensive Income or Loss
 12 Months Ended
Jan. 02, 2021
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. For the Company, the activity relates to pension and other postretirement benefit obligation adjustments.

Changes in AOCI are as follows:

 

2020

 

 

2019

 

 

2018

 

(In thousands)

(53 Weeks)

 

 

(52 Weeks)

 

 

(52 Weeks)

 

Balance at beginning of the year, net of tax

$

 

(1,600

)

 

$

 

(15,759

)

 

$

 

(15,136

)

Other comprehensive (loss) income before reclassifications

 

 

(1,086

)

 

 

 

219

 

 

 

 

(2,026

)

Income tax benefit (expense)

 

 

268

 

 

 

 

(55

)

 

 

 

458

 

Other comprehensive (loss) income, net of tax, before reclassifications

 

 

(818

)

 

 

 

164

 

 

 

 

(1,568

)

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

 

 

191

 

 

 

 

18,480

 

 

 

 

1,204

 

Income tax expense (b)

 

 

(49

)

 

 

 

(4,485

)

 

 

 

(259

)

Amounts reclassified out of AOCI, net of tax

 

 

142

 

 

 

 

13,995

 

 

 

 

945

 

Other comprehensive (loss) income, net of tax

 

 

(676

)

 

 

 

14,159

 

 

 

 

(623

)

Balance at end of the year, net of tax

$

 

(2,276

)

 

$

 

(1,600

)

 

$

 

(15,759

)

  (a)

Reclassified from AOCI into Other, net, or Selling, general and administrative expense. Amounts include amortization of net actuarial loss, amortization of prior service cost, and settlement expense totaling $0.1 million, $18.4 million and $0.9 million in 2020, 2019 and 2018, respectively.

  (b)

Reclassified from AOCI into Income tax expense (benefit).