Accumulated Other Comprehensive Income or Loss

12 Months Ended

Jan. 01, 2022

Accumulated Other Comprehensive Income or Loss

Note 11 – 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 plans, including those described in Note 10.

Changes in AOCI are as follows:

	2021			2020			2019
(In thousands)	(52 Weeks)			(53 Weeks)			(52 Weeks)
Balance at beginning of the year, net of tax	$	(2,276	)	$	(1,600	)	$	(15,759	)
Other comprehensive income (loss) before reclassifications		837			(1,086	)		219
Income tax (expense) benefit		(203	)		268			(55	)
Other comprehensive income (loss), net of tax, before reclassifications		634			(818	)		164
Amortization of amounts included in net periodic benefit cost (a)		250			191			18,480
Income tax expense (b)		(63	)		(49	)		(4,485	)
Amounts reclassified out of AOCI, net of tax		187			142			13,995
Other comprehensive income (loss), net of tax		821			(676	)		14,159
Balance at end of the year, net of tax	$	(1,455	)	$	(2,276	)	$	(1,600	)

(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 and $18.4 million in 2020 and 2019, respectively. There was no settlement expense in 2021.

(b)	Reclassified from AOCI into Income tax expense (benefit).