Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 30, 2024

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 months ended March 30, 2024 and April 1, 2023:
























Three Months Ended March 30, 2024	Foreign Currency		Available-for-Sale Securities		Defined Benefit Pension Plans		Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2024	$	(4,922)	$	92	$	45	$	(4,785)
Other comprehensive income (loss) before reclassifications
Translation adjustment	$	(581)	$	—	$	—	$	(581)
Unrealized losses	—		(152)		—		(152)


Tax effect	—		16		—		16
Net of tax amount	(581)		(136)		—		(717)
Balance at March 30, 2024	$	(5,503)	$	(44)	$	45	$	(5,502)

Three Months Ended April 1, 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	$	31	$	—	$	—	$	31
Unrealized losses	—		(49)		—		(49)

Amounts reclassified from accumulated other comprehensive income (loss)	—		(26)		—		(26)
Tax effect	—		16		—		16
Net of tax amount	31		(59)		—		(28)
Balance at April 1, 2023	$	(5,480)	$	(258)	$	122	$	(5,616)

There were no changes in defined benefit pension plans for either the three months ended March 30, 2024 or April 1, 2023. Changes in defined benefit pension plans are included in net periodic pension expense classified in the condensed consolidated statement of operations as general and administrative expense or other income (expense).