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Accumulated Other Comprehensive Income or Loss
 12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Accumulated Other Comprehensive Income or Loss

Note 11 – Accumulated Other Comprehensive Income or Loss ("AOCI")

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 postretirement benefit plans, including those described in Note 10.

Changes in AOCI are as follows:

 

2022

 

 

2021

 

 

2020

 

(In thousands)

(52 Weeks)

 

 

(52 Weeks)

 

 

(53 Weeks)

 

Balance at beginning of the year, net of tax

$

 

(1,455

)

 

$

 

(2,276

)

 

$

 

(1,600

)

Other comprehensive income (loss) before reclassifications

 

 

6,576

 

 

 

 

837

 

 

 

 

(1,086

)

Income tax (expense) benefit

 

 

(1,614

)

 

 

 

(203

)

 

 

 

268

 

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

 

 

4,962

 

 

 

 

634

 

 

 

 

(818

)

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

 

 

(701

)

 

 

 

250

 

 

 

 

191

 

Income tax benefit (expense) (b)

 

 

173

 

 

 

 

(63

)

 

 

 

(49

)

Amounts reclassified out of AOCI, net of tax

 

 

(528

)

 

 

 

187

 

 

 

 

142

 

Other comprehensive income (loss), net of tax

 

 

4,434

 

 

 

 

821

 

 

 

 

(676

)

Balance at end of the year, net of tax

$

 

2,979

 

 

$

 

(1,455

)

 

$

 

(2,276

)
(a)
Reclassified from AOCI into Other, net, or Selling, general and administrative expense. Amounts include amortization of net actuarial loss, amortization of prior service credit, and settlement expense totaling $0.7 million in 2022 and $0.1 million in 2020. There was no settlement expense in 2021.
(b)
Reclassified from AOCI into Income tax expense (benefit).