Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 30, 2019

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 7 – Accumulated Other Comprehensive Income (Loss)

The cumulative balance of each component of other comprehensive income (loss) and the income tax effects allocated to each component are as follows:

	Pension and other post-retirement actuarial items			Currency translation adjustment			Total
Balance at January 1, 2019	$	(58,291	)	$	51,500		$	(6,791	)
Other comprehensive income before reclassifications		-			(9,989	)	$	(9,989	)
Tax effect		-			-		$	-
Other comprehensive income before reclassifications, net of tax		-			(9,989	)	$	(9,989	)
Amounts reclassified out of AOCI		2,064			-		$	2,064
Tax effect		(607	)		-		$	(607	)
Amounts reclassified out of AOCI, net of tax		1,457			-		$	1,457
Net other comprehensive income	$	1,457		$	(9,989	)	$	(8,532	)
Balance at March 30, 2019	$	(56,834	)	$	41,511		$	(15,323	)

Reclassifications of pension and other post-retirement actuarial items out of AOCI are included in the computation of net periodic benefit cost.  See Note 8 for further information.