Interest and Other Expense (Income), Net

6 Months Ended

Jul. 05, 2020

Other Income and Expenses [Abstract]

Interest and Other Expense (Income), Net

Interest and Other Expense, Net

Interest and other expense, net, consisted of the following:

	Three Months Ended				Six Months Ended
	July 5, 2020		June 30, 2019		July 5, 2020		June 30, 2019
	(In thousands)
Interest income	$	(192)	$	(350)	$	(457)	$	(633)
Interest expense	11,586		17,207		25,251		33,057
Loss on disposition of businesses and assets, net	—		336		—		2,469
Other (income) expense, net	(582)		2,715		(3,989)		1,580
Total interest and other expense, net	$	10,812	$	19,908	$	20,805	$	36,473

Foreign currency transaction (gains) losses were $(6.4) million and $3.5 million for the three and six months ended July 5, 2020, respectively. Foreign currency transaction losses were $4.4 million and $4.5 million for the three and six months ended June 30, 2019, respectively. Net losses (gains) from forward currency hedge contracts were $7.6 million and $(4.0) million for the three and six months ended July 5, 2020, respectively. Net (gains) losses from forward currency hedge contracts were $(0.2) million and $27 thousand for the three and six months ended June 30, 2019, respectively. The other components of net periodic pension credit were $1.6 million and $3.3 million for the three and six months ended July 5, 2020, respectively. The other components of net periodic pension credit were $1.5 million and $2.9 million for the three and six months ended June 30, 2019 respectively. These amounts were included in other (income) expense, net.