Shareholders' Equity and Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 29, 2018

Stockholders' Equity Note [Abstract]

Schedule of Stockholders Equity

Changes in shareholders’ equity for the six-month fiscal periods ended June 29, 2018, and June 30, 2017, were as follows:

	For the Six Months Ended
	June 29, 2018			June 30, 2017
In thousands
Beginning balance	$	635,656		$	565,787
Comprehensive income	27,625			40,682
Dividends declared	(11,184		)	(11,011		)
Employee stock plans and related tax benefit	5,274			4,681
Purchase of treasury shares	(8,824		)	(2,718		)
Share-based compensation expense	3,817			3,707
Amounts reclassified to temporary equity	—			1,729
Changes due to convertible notes transactions	(8		)	(2,511		)
Impact of change in revenue accounting standard	(9,584		)	—
Ending balance	$	642,772		$	600,346

Schedule of Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss) are shown below:

	For the Three Months Ended
	June 29, 2018			June 30, 2017
In thousands
Foreign currency translation:
Beginning balance	$	(1,043	)	$	(32,299	)
Net (loss) gain on foreign currency translation	(11,969		)	13,777
Other comprehensive (loss) income, net of tax	(11,969		)	13,777
Ending balance	$	(13,012	)	$	(18,522	)
Pension and other post-retirement benefits(1):
Beginning balance	$	(106,543	)	$	(119,239	)
Reclassifications to net income:
Amortization of net loss, net of tax expense of $703 and $1,335, respectively	2,203			2,159
Other comprehensive income, net of tax	2,203			2,159
Ending balance	$	(104,340	)	$	(117,080	)
Derivative instruments(2):
Beginning balance	$	3		$	135
Net loss on derivative instruments, net of tax expense of $0 and $5, respectively	—			8
Reclassification to net income, net of tax expense of $0 and $0, respectively	—			(1		)
Other comprehensive income, net of tax	—			7
Ending balance	$	3		$	142
Total accumulated other comprehensive loss	$	(117,349	)	$	(135,460	)

⁽¹⁾These accumulated other comprehensive income components are included in the computation of net periodic pension cost.

(See Note 12, Pension Plans for additional information.)

⁽²⁾See Note 8, Derivative Financial Instruments, for additional information regarding the Company's derivative instruments.

17. SHAREHOLDERS' EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME (CONTINUED)

	For the Six Months Ended
	June 29, 2018			June 30, 2017
In thousands
Foreign currency translation:
Beginning balance	$	(7,056	)	$	(34,896	)
Net (loss) gain on foreign currency translation	(5,956		)	16,374
Other comprehensive (loss) income, net of tax	(5,956		)	16,374
Ending balance	$	(13,012	)	$	(18,522	)
Pension and other post-retirement benefits(1):
Beginning balance	$	(108,760	)	$	(121,448	)
Reclassifications to net income:
Amortization of net loss, net of tax expense of $1,413 and $2,670, respectively	4,420			4,368
Other comprehensive income, net of tax	4,420			4,368
Ending balance	$	(104,340	)	$	(117,080	)
Derivative instruments(2):
Beginning balance	$	2		$	(49	)
Net loss on derivative instruments, net of tax expense of $0 and $78, respectively	—			129
Reclassification to net income, net of tax expense of $1 and $37, respectively	1			62
Other comprehensive income, net of tax	1			191
Ending balance	$	3		$	142
Total accumulated other comprehensive loss	$	(117,349	)	$	(135,460	)

⁽¹⁾These accumulated other comprehensive income components are included in the computation of net periodic pension cost.

(See Note 12, Pension Plans for additional information.)

⁽²⁾See Note 8, Derivative Financial Instruments, for additional information regarding the Company's derivative instruments.