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Accumulated Other Comprehensive Income (Loss)
9 Months Ended
Oct. 01, 2022
Accumulated Other Comprehensive Income (Loss) [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Note 9 – 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 (loss) before reclassifications
   
-
     
(113,086
)
 
$
(113,086
)
Tax effect
   
-
     
-
   
$
-
 
Other comprehensive income before reclassifications, net of tax
   
-
     
(113,086
)
 
$
(113,086
)
Amounts reclassified out of AOCI
   
6,285
     
-
   
$
6,285
 
Tax effect
   
(2,040
)
   
-
   
$
(2,040
)
Amounts reclassified out of AOCI, net of tax
   
4,245
     
-
   
$
4,245
 
Net other comprehensive income (loss)
 
$
4,245
   
$
(113,086
)
 
$
(108,841
)
Balance at October 1, 2022
 
$
(54,663
)
 
$
(74,430
)
 
$
(129,093
)

Reclassifications of pension and other post-retirement actuarial items out of AOCI are included in the computation of net periodic benefit cost.  See Note 10 for further information.