Note 15 - Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 25, 2021

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

15. Accumulated Other Comprehensive Income (Loss)

Components of other comprehensive income (loss), on an after-tax basis, were as follows:

(in thousands)	Before Tax amount			Tax (Expense) Benefit			Net of Tax Amount
Year ended December 28, 2019
Foreign currency translation adjustments	$	(7,522	)	$	-		$	(7,522	)
Adjustments related to postretirement benefits		(856	)		228			(628	)
Other comprehensive income (loss)	$	(8,378	)	$	228		$	(8,150	)
Year ended December 26, 2020
Foreign currency translation adjustments	$	27,321		$	-		$	27,321
Adjustments related to postretirement benefits		2,599			(216	)		2,383
Other comprehensive income (loss)	$	29,920		$	(216	)	$	29,704
Year ended December 25, 2021
Foreign currency translation adjustments	$	(22,859	)	$	(97	)	$	(22,956	)
Adjustments related to postretirement benefits		2,920			(318	)		2,602
Change in unrealized gain/loss on investments		(67	)		-			(67	)
Reclassification due to sale of PBC Test Business		(2,515	)		-			(2,515	)
Other comprehensive income (loss)	$	(22,521	)	$	(415	)	$	(22,936	)

Components of accumulated other comprehensive income (loss), net of tax, at the end of each period are as follows:

(in thousands)	2021			2020
Accumulated net currency translation adjustments	$	(25,833	)	$	(2,877	)
Accumulated net adjustments related to postretirement benefits		1,153			(1,449	)
Accumulated net unrealized gain/loss on investments		(67	)		-
Accumulated reclassification due to sale of PBC Test Business		(2,515	)		-
Total accumulated other comprehensive loss	$	(27,262	)	$	(4,326	)