Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2023

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 foreign 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 30, 2023 and October 1, 2022:


Three Months Ended September 30, 2023	Foreign Currency		Available for Sale Securities		Defined Benefit Pension Plans		Accumulated Other Comprehensive Income (Loss)
Balance at July 1, 2023	$	(4,915)	$	(340)	$	122	$	(5,133)
Other comprehensive income (loss) before reclassifications
Translation adjustment	$	(515)	$	—	$	—	$	(515)
Unrealized gains	—		3		—		3

Amounts reclassified from accumulated other comprehensive income (loss)	—		—		—		—
Tax effect	—		(1)		—		(1)
Net of tax amount	(515)		2		—		(513)
Balance at September 30, 2023	$	(5,430)	$	(338)	$	122	$	(5,646)

Three Months Ended October 1, 2022	Foreign Currency		Available-for-Sale Securities		Defined Benefit Pension Plans		Accumulated Other Comprehensive Income (Loss)
Balance at July 2, 2022	$	(4,175)	$	(181)	$	(473)	$	(4,829)
Other comprehensive income (loss) before reclassifications
Translation adjustment	$	(1,934)	$	—	$	—	$	(1,934)
Unrealized losses	—		(113)		—		(113)

Amounts reclassified from accumulated other comprehensive income (loss)	—		(11)		30		19
Tax effect	—		26		(8)		18
Net of tax amount	(1,934)		(98)		22		(2,010)
Balance at October 1, 2022	$	(6,109)	$	(279)	$	(451)	$	(6,839)


Nine Months Ended September 30, 2023	Foreign Currency		Available-for-Sale Securities		Defined Benefit Pension Plans		Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2023	$	(5,511)	$	(199)	$	122	$	(5,588)
Other comprehensive income (loss) before reclassifications
Translation adjustment	$	81	$	—	$	—	$	81
Unrealized losses	—		(156)		—		(156)

Amounts reclassified from accumulated other comprehensive income (loss)	—		(19)		—		(19)
Tax effect	—		36		—		36
Net of tax amount	81		(139)		—		(58)
Balance at September 30, 2023	$	(5,430)	$	(338)	$	122	$	(5,646)

Nine Months Ended October 1, 2022	Foreign Currency		Available-for-Sale Securities		Defined Benefit Pension Plans		Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2022	$	(3,654)	$	—	$	(519)	$	(4,173)
Other comprehensive income (loss) before reclassifications
Translation adjustment	$	(2,455)	$	—	$	—	$	(2,455)
Unrealized losses	—		(350)		—		(350)

Amounts reclassified from accumulated other comprehensive income (loss)	—		(3)		92		89
Tax effect	—		74		(24)		50
Net of tax amount	(2,455)		(279)		68		(2,666)
Balance at October 1, 2022	$	(6,109)	$	(279)	$	(451)	$	(6,839)

There was no change in defined benefit pension plans for the three and nine months ended September 30, 2023 and $30 and $92 for the three and nine months ended October 1, 2022, which was included in net periodic pension expense classified in the condensed consolidated statement of operations as general and administrative expense or other income (expense).