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Other Comprehensive Income (Tables)
 3 Months Ended
Mar. 30, 2014
Equity [Abstract]  
Changes in Accumulated Other Comprehensive Income

The following table displays the changes in Accumulated Other Comprehensive Income by components for the three months ended March 30, 2014 (all amounts are stated net of tax):

 

($ in thousands)    Cumulative
translation
adjustment		      Defined
benefit
pension
items		     Unrealized
gains and
losses on cash
flow hedges		     Total  

Accumulated other comprehensive income—balance at January 1, 2014

    $ 1,804       $ (83,105 )   $ (596 )   $ (81,897 )

Other comprehensive earnings before reclassifications

      204         —          (33 )      171   

Amounts reclassified from accumulated other comprehensive income

      —           914        73        987   
  

 

 

     

 

 

    

 

 

    

 

 

  

Net current period other comprehensive income

    $ 204       $ 914      $ 40      $ 1,158   
  

 

 

     

 

 

    

 

 

    

 

 

  

Accumulated other comprehensive income—balance at March 30, 2014

    $ 2,008       $ (82,191 )    $ (556 )    $ (80,739 )
  

 

 

     

 

 

    

 

 

    

 

 

  
Reclassifications Out of Accumulated Other Comprehensive Earnings/(Loss)

The following table displays the reclassifications out of Accumulated Other Comprehensive Earnings/(Loss) for the three months ended March 30, 2014:

 

                                             ($ in thousands)

Details about Accumulated Other Comprehensive Earnings
Components

    Amount Reclassified
from Accumulated
Other Comprehensive
Earnings(a)		    

Affected Line Item in
the Statement Where
Net Income is
Presented

Losses on cash flow hedges:

     

Interest rate swap contracts

    $ 118      Interest expense
     45      Tax expense
  

 

 

    
   $ 73      Net of tax
  

 

 

    

Amortization of defined benefit and post-retirement benefit plans:

     

Prior service costs

    $ —   (b)   

Loss included in net periodic pension costs

      1,433 (b)   

Foreign exchange impact

      17      Other expense
  

 

 

    
     1,450      Total before tax
   $ 536      Tax expense
  

 

 

    
     914      Net of tax
  

 

 

    

Total reclassification for the period

    $ 987      Net of tax
  

 

 

    

 

(a)  Amounts in parenthesis indicate credit.
(b)  These accumulated other comprehensive earnings components are included in the computation of net periodic pension cost. The actuarial loss that was reclassified to Cost of goods sold of $512, Selling, general and administrative expenses of $701 and research and development expenses of $220 are reflected on CTS’ Unaudited Condensed Consolidated Statements of Operations.