Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jul. 01, 2023

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, 2023	$	(7,598	)	$	(3,229	)	$	(10,827	)
Other comprehensive income (loss) before reclassifications		-			23,198		$	23,198
Tax effect		-			-		$	-
Other comprehensive income before reclassifications, net of tax		-			23,198		$	23,198
Amounts reclassified out of AOCI		355			-		$	355
Tax effect		(71	)		-		$	(71	)
Amounts reclassified out of AOCI, net of tax		284			-		$	284
Net other comprehensive income (loss)	$	284		$	23,198		$	23,482
Balance at July 1, 2023	$	(7,314	)	$	19,969		$	12,655

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.