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Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jul. 03, 2021
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, 2021
  
$
(77,075
)
  
$
90,634
    
$
13,559
  
Other comprehensive income before reclassifications
    
-
      
(17,664
)
  
$
(17,664
)
Tax effect
    
-
      
-
    
$
-
  
Other comprehensive income before reclassifications, net of tax
    
-
      
(17,664
)
  
$
(17,664
)
Amounts reclassified out of AOCI
    
5,323
      
-
    
$
5,323
  
Tax effect
    
(1,439
)
    
-
    
$
(1,439
)
Amounts reclassified out of AOCI, net of tax
    
3,884
      
-
    
$
3,884
  
Net other comprehensive income
  
$
3,884
    
$
(17,664
)
  
$
(13,780
)
Balance at July 3, 2021
  
$
(73,191
)
  
$
72,970
    
$
(221
)

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.