Shareholders' Equity and Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 28, 2018

Stockholders' Equity Note [Abstract]

Schedule of Stockholders Equity

Changes in shareholders’ equity for the nine-month fiscal periods ended September 28, 2018, and September 29, 2017, were as follows:

	For the Nine Months Ended
	September 28, 2018			September 29, 2017
In thousands
Beginning balance	$	635,656		$	565,787
Comprehensive income	29,745			66,843
Dividends declared	(16,782		)	(16,581		)
Employee stock plans and related tax benefit	6,448			5,426
Purchase of treasury shares	(12,170		)	(6,931		)
Share-based compensation expense	4,989			4,917
Amounts reclassified to temporary equity	—			1,786
Changes due to convertible notes transactions	(8		)	(2,522		)
Impact of change in revenue accounting standard	(9,584		)	—
Ending balance	$	638,294		$	618,725

Schedule of Accumulated Other Comprehensive Income (Loss)

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

	For the Three Months Ended
	September 28, 2018			September 29, 2017
In thousands
Foreign currency translation:
Beginning balance	$	(13,012	)	$	(18,522	)
Net (loss) gain on foreign currency translation	(1,522		)	7,731
Other comprehensive (loss) income, net of tax	(1,522		)	7,731
Ending balance	$	(14,534	)	$	(10,791	)
Pension and other post-retirement benefits(1):
Beginning balance	$	(104,340	)	$	(117,080	)
Reclassifications to net income:
Amortization of net loss, net of tax expense of $706 and $1,309, respectively	2,210			2,220
Other comprehensive income, net of tax	2,210			2,220
Ending balance	$	(102,130	)	$	(114,860	)
Derivative instruments(2):
Beginning balance	$	3		$	142
Net loss on derivative instruments, net of tax expense (benefit) of $0 and ($4), respectively	—			(6		)
Reclassification to net income, net of tax expense (benefit) of $0 and ($39), respectively	—			(64		)
Other comprehensive income, net of tax	—			(70		)
Ending balance	$	3		$	72
Total accumulated other comprehensive loss	$	(116,661	)	$	(125,579	)

⁽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 Nine Months Ended
	September 28, 2018			September 29, 2017
In thousands
Foreign currency translation:
Beginning balance	$	(7,056	)	$	(34,896	)
Net (loss) gain on foreign currency translation	(7,478		)	24,105
Other comprehensive (loss) income, net of tax	(7,478		)	24,105
Ending balance	$	(14,534	)	$	(10,791	)
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 $2,119 and $3,979, respectively	6,630			6,588
Other comprehensive income, net of tax	6,630			6,588
Ending balance	$	(102,130	)	$	(114,860	)
Derivative instruments(2):
Beginning balance	$	2		$	(49	)
Net loss on derivative instruments, net of tax expense of $0 and $74, respectively	—			124
Reclassification to net income, net of tax expense (benefit) of $1 and ($2), respectively	1			(3		)
Other comprehensive income, net of tax	1			121
Ending balance	$	3		$	72
Total accumulated other comprehensive loss	$	(116,661	)	$	(125,579	)

⁽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.