CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

3 Months Ended

Apr. 02, 2022

Equity [Abstract]

Deferred Components of AOCL in Equity, Net of Related Taxes, and Changes in AOCL

The following table presents deferred components of AOCL in equity, net of related taxes:

(In thousands)	March 2022		December 2021		March 2021
Foreign currency translation	$	(96,740)	$	(93,125)	$	(87,260)
Defined benefit pension plans	(2,171)		(2,177)		(1,815)
Derivative financial instruments	15,214		2,546		(7,622)
Accumulated other comprehensive loss	$	(83,697)	$	(92,756)	$	(96,697)

The following tables present changes in AOCL, net of related tax impact:

	Three Months Ended March 2022
	Foreign Currency Translation		Defined Benefit Pension Plans		Derivative Financial Instruments
(In thousands)							Total
Balance, December 2021	$	(93,125)	$	(2,177)	$	2,546	$	(92,756)
Other comprehensive income (loss) due to gains (losses) arising before reclassifications	(3,615)		—		13,814		10,199
Reclassifications to net income of previously deferred (gains) losses	—		6		(1,146)		(1,140)
Net other comprehensive income (loss)	(3,615)		6		12,668		9,059
Balance, March 2022	$	(96,740)	$	(2,171)	$	15,214	$	(83,697)

	Three Months Ended March 2021
	Foreign Currency Translation		Defined Benefit Pension Plans		Derivative Financial Instruments
(In thousands)							Total
Balance, December 2020	$	(80,178)	$	(1,889)	$	(12,740)	$	(94,807)
Other comprehensive income (loss) due to gains (losses) arising before reclassifications	(7,082)		—		2,850		(4,232)
Reclassifications to net income of previously deferred (gains) losses	—		74		2,268		2,342
Net other comprehensive income (loss)	(7,082)		74		5,118		(1,890)
Balance, March 2021	$	(87,260)	$	(1,815)	$	(7,622)	$	(96,697)

Reclassification Out of AOCL

The following table presents reclassifications out of AOCL:

(In thousands)		Three Months Ended March
Details About Accumulated Other Comprehensive Loss Reclassifications	Affected Line Item in the Financial Statements
			2022		2021
Defined benefit pension plans:
Net change in deferred losses during the period	Selling, general and administrative expenses		$	(8)	$	(99)
Total before tax			(8)		(99)
Income taxes	Income taxes		2		25
Net of tax			(6)		(74)
Gains (losses) on derivative financial instruments:
Foreign currency exchange contracts	Net revenues		$	(132)	$	75
Foreign currency exchange contracts	Cost of goods sold		2,301		(1,405)
Foreign currency exchange contracts	Other expense, net		(103)		(134)
Interest rate swap agreements	Interest expense		(1,266)		(1,513)
Total before tax			800		(2,977)
Income taxes	Income taxes		346		709
Net of tax			1,146		(2,268)
Total reclassifications for the period, net of tax			$	1,140	$	(2,342)