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Accumulated Other Comprehensive Income (Loss)
3 Months Ended
Apr. 02, 2022
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, 2022
 
$
(58,908
)
 
$
38,656
   
$
(20,252
)
Other comprehensive income before reclassifications
   
-
     
(13,484
)
 
$
(13,484
)
Tax effect
   
-
     
-
   
$
-
 
Other comprehensive income before reclassifications, net of tax
   
-
     
(13,484
)
 
$
(13,484
)
Amounts reclassified out of AOCI
   
2,178
     
-
   
$
2,178
 
Tax effect
   
(619
)
   
-
   
$
(619
)
Amounts reclassified out of AOCI, net of tax
   
1,559
     
-
   
$
1,559
 
Net other comprehensive income
 
$
1,559
   
$
(13,484
)
 
$
(11,925
)
Balance at April 2, 2022
 
$
(57,349
)
 
$
25,172
   
$
(32,177
)

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.