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Accumulated Other Comprehensive Income (Loss)
3 Months Ended
Mar. 30, 2024
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, 2024
 
$
(14,599
)
 
$
24,936
   
$
10,337
 
Other comprehensive income (loss) before reclassifications
   
(2,574
)
   
(17,826
)
 
$
(20,400
)
Tax effect
   
-
     
-
   
$
-
 
Other comprehensive income before reclassifications, net of tax
   
(2,574
)
   
(17,826
)
 
$
(20,400
)
Amounts reclassified out of AOCI
   
488
     
-
   
$
488
 
Tax effect
   
(110
)
   
-
   
$
(110
)
Amounts reclassified out of AOCI, net of tax
   
378
     
-
   
$
378
 
Net other comprehensive income (loss)
 
$
(2,196
)
 
$
(17,826
)
 
$
(20,022
)
Balance at March 30, 2024
 
$
(16,795
)
 
$
7,110
   
$
(9,685
)

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.