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Accumulated Other Comprehensive Income (Loss)
3 Months Ended
Apr. 04, 2020
Accumulated Other Comprehensive Income (Loss) [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Note 8 – 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, 2020
 
$
(68,020
)
 
$
41,374
   
$
(26,646
)
Other comprehensive income before reclassifications
   
-
     
(23,129
)
 
$
(23,129
)
Tax effect
   
-
     
-
   
$
-
 
Other comprehensive income before reclassifications, net of tax
   
-
     
(23,129
)
 
$
(23,129
)
Amounts reclassified out of AOCI
   
2,223
     
-
   
$
2,223
 
Tax effect
   
(622
)
   
-
   
$
(622
)
Amounts reclassified out of AOCI, net of tax
   
1,601
     
-
   
$
1,601
 
Net other comprehensive income
 
$
1,601
   
$
(23,129
)
 
$
(21,528
)
Balance at April 4, 2020
 
$
(66,419
)
 
$
18,245
   
$
(48,174
)

Reclassifications of pension and other post-retirement actuarial items out of AOCI are included in the computation of net periodic benefit cost.  See Note 9 for further information.