Accumulated Other Comprehensive Loss

6 Months Ended

Jul. 02, 2016

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

The components of Accumulated other comprehensive loss (“AOCI”) are as follows:

	Cumulative Translation Adjustment			Hedges			Defined Benefit Plans			Income Taxes			Accumulated Other Comprehensive Loss
Balance at January 2, 2016	$	(57,675	)	$	6,743		$	(563,759	)	$	219,758		$	(394,933	)
Amounts reclassified from accumulated other comprehensive loss	—			(3,709		)	8,536			(1,878		)	2,949
Current-period other comprehensive income (loss) activity	15,568			(3,537		)	—			1,424			13,455
Balance at July 2, 2016	$	(42,107	)	$	(503	)	$	(555,223	)	$	219,304		$	(378,529	)

The Company had the following reclassifications out of AOCI:

Component of AOCI	Location of Reclassification into Income	Amount of Reclassification from AOCI						Amount of Reclassification from AOCI
		Quarter Ended						Six Months Ended
		July 2, 2016			July 4, 2015			July 2, 2016			July 4, 2015
Gain on foreign exchange contracts	Cost of sales	$	1,385		$	3,823		$	3,709		$	4,658
	Income tax	(539		)	(1,147		)	(1,443		)	(1,654		)
	Net of tax	846			2,676			2,266			3,004
Amortization of deferred actuarial loss and prior service cost	Selling, general and administrative expenses	(4,331		)	(2,116		)	(8,536		)	(4,886		)
	Income tax	1,685			1,597			3,321			2,797
	Net of tax	(2,646		)	(519		)	(5,215		)	(2,089		)
Total reclassifications		$	(1,800	)	$	2,157		$	(2,949	)	$	915