Accumulated Other Comprehensive Loss |
13. |
Accumulated Other Comprehensive Loss |
Amounts reclassified out of accumulated other comprehensive loss are as follows:
Changes in Accumulated Other Comprehensive Loss by Component (a)
|
|
Nine Months Ended October 2, 2021 |
|
|
|
Loss on
Qualifying
Hedges |
|
|
Loss on
Foreign
Currency
Translation |
|
|
Total |
|
Beginning balance at January 2, 2021 |
|
$ |
(20,979 |
) |
|
$ |
(4,170 |
) |
|
$ |
(25,149 |
) |
Other comprehensive income (loss) before
reclassifications, net of tax |
|
|
418 |
|
|
|
(2,349 |
) |
|
|
(1,931 |
) |
Amounts reclassified from accumulated other
comprehensive loss, net of tax(b) |
|
|
6,028 |
|
|
|
— |
|
|
|
6,028 |
|
Net current period other comprehensive income (loss) |
|
|
6,446 |
|
|
|
(2,349 |
) |
|
|
4,097 |
|
Ending balance at October 2, 2021 |
|
$ |
(14,533 |
) |
|
$ |
(6,519 |
) |
|
$ |
(21,052 |
) |
(a) |
Amounts in parentheses indicate debits |
(b) |
See separate table below for details about these reclassifications |
|
|
Nine Months Ended September 26, 2020 |
|
|
|
Loss on
Qualifying
Hedges |
|
|
Loss on
Foreign
Currency
Translation |
|
|
Total |
|
Beginning balance at December 28, 2019 |
|
$ |
(15,529 |
) |
|
$ |
(11,823 |
) |
|
$ |
(27,352 |
) |
Other comprehensive loss before
reclassifications, net of tax |
|
|
(13,937 |
) |
|
|
(612 |
) |
|
|
(14,549 |
) |
Amounts reclassified from accumulated other
comprehensive loss, net of tax(b) |
|
|
6,143 |
|
|
|
— |
|
|
|
6,143 |
|
Net current period other comprehensive loss
including noncontrolling interest |
|
|
(7,794 |
) |
|
|
(612 |
) |
|
|
(8,406 |
) |
Less: Net current period other comprehensive
loss attributable to the noncontrolling interest |
|
|
— |
|
|
|
93 |
|
|
|
93 |
|
Ending balance at September 26, 2020 |
|
$ |
(23,323 |
) |
|
$ |
(12,342 |
) |
|
$ |
(35,665 |
) |
(a) |
Amounts in parentheses indicate debits |
(b) |
See separate table below for details about these reclassifications |
Reclassifications out of Accumulated Other Comprehensive Loss (a)
|
Three Months Ended |
|
|
Nine Months Ended |
|
|
October 2, |
|
|
September 26, |
|
|
October 2, |
|
|
September 26, |
|
|
|
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
|
|
Details about Other Comprehensive
Loss Components |
Amounts Reclassified from
Accumulated Other
Comprehensive Loss |
|
|
Amounts Reclassified from
Accumulated Other
Comprehensive Loss |
Affected Line Item in the
Statement Where Net
Income is Presented |
Loss on Qualifying Hedges |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate contracts |
$ |
(2,213 |
) |
|
$ |
(3,698 |
) |
|
$ |
(8,058 |
) |
|
$ |
(8,235 |
) |
|
Interest expense |
|
|
(2,213 |
) |
|
|
(3,698 |
) |
|
|
(8,058 |
) |
|
|
(8,235 |
) |
|
Income before income taxes |
|
|
557 |
|
|
|
939 |
|
|
|
2,030 |
|
|
|
2,092 |
|
|
Provision for income taxes |
|
$ |
(1,656 |
) |
|
$ |
(2,759 |
) |
|
$ |
(6,028 |
) |
|
$ |
(6,143 |
) |
|
Net income |
(a) |
Amounts in parentheses indicate debits to profit/loss |
|