Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 28, 2019

Accumulated other comprehensive income (loss) [Text Block]

Accumulated Other Comprehensive Income (Loss)

Comprehensive income (or loss) is comprised of net income (or net loss) and other components, including currency translation adjustments and defined benefit pension plan adjustments.

The following summarizes the components of other comprehensive income (loss) accumulated in shareholders’ equity for the three and nine months ended September 28, 2019 and the three and nine months ended September 29, 2018:



Three Months Ended September 28, 2019	Foreign Currency Translation Adjustments			Defined Benefit Pension Plans			Accumulated Other Comprehensive Income (Loss)
Balance at June 29, 2019	$	(4,612	)	$	(657	)	$	(5,269	)
Other comprehensive income (loss) before reclassifications
Unrealized losses	$	(384	)	$	—		$	(384	)
Amounts reclassified from accumulated other comprehensive income (loss)	—			22			22
Tax effect	—			(5		)	(5		)
Net of tax amount	(384		)	17			(367		)
Balance at September 28, 2019	$	(4,996	)	$	(640	)	$	(5,636	)



Three Months Ended September 29, 2018	Foreign Currency Translation Adjustments			Defined Benefit Pension Plans			Accumulated Other Comprehensive Income (Loss)
Balance at June 30, 2018	$	(4,884	)	$	(4,795	)	$	(9,679	)
Other comprehensive income (loss) before reclassifications
Unrealized gains	$	517		$	—		$	517
Amounts reclassified from accumulated other comprehensive income (loss)	—			197			197
Tax effect	—			(51		)	(51		)
Net of tax amount	517			146			663
Balance at September 29, 2018	$	(4,367	)	$	(4,649	)	$	(9,016	)


K.	Accumulated Other Comprehensive Income (Loss) (continued)



Nine Months Ended September 28, 2019	Foreign Currency Translation Adjustments			Defined Benefit Pension Plans			Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2019	$	(5,819	)	$	785		$	(5,034	)
Other comprehensive income (loss) before reclassifications
Unrealized gains	$	823		$	—		$	823
Amounts reclassified from accumulated other comprehensive income (loss)	—			(1,573		)	(1,573		)
Tax effect	—			148			148
Net of tax amount	823			(1,425		)	(602		)
Balance at September 28, 2019	$	(4,996	)	$	(640	)	$	(5,636	)



Nine Months Ended September 29, 2018	Foreign Currency Translation Adjustments			Defined Benefit Pension Plans			Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2018	$	(3,305	)	$	(5,088	)	$	(8,393	)
Other comprehensive income (loss) before reclassifications
Unrealized losses	$	(1,062	)	$	—		$	(1,062	)
Amounts reclassified from accumulated other comprehensive income (loss)	—			593			593
Tax effect	—			(154		)	(154		)
Net of tax amount	(1,062		)	439			(623		)
Balance at September 29, 2018	$	(4,367	)	$	(4,649	)	$	(9,016	)

The change in defined benefit pension plans of $22 and $(1,573) for the three and nine months ended September 28, 2019 and $197 and $593 for the three and nine months ended September 29, 2018 is included in net periodic pension expense classified in the condensed consolidated statement of operations as general and administrative or other income (expense).