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Shareholders' Equity and Accumulated Other Comprehensive Income
 6 Months Ended
Jun. 28, 2019
Stockholders' Equity Note [Abstract]  
Shareholders' Equity and Accumulated Other Comprehensive Income SHAREHOLDERS' EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME

Changes in shareholders’ equity for the three-month and six-month fiscal periods ended June 28, 2019, and June 29, 2018, were as follows:
 
 
For the Three Months Ended
 
For the Six Months Ended
 
 
June 28, 2019

 
June 29, 2018

 
June 28, 2019
 
June 29, 2018
In thousands
 
 
 
 
 
 
 
 
Beginning balance
 
$
642,167

 
$
642,329

 
$
633,157

 
$
635,656

Comprehensive income
 
17,731

 
5,328

 
31,875

 
27,625

Dividends declared (per share of common stock, $0.20 and $0.20, and $0.40 and $0.40, respectively)
 
(5,596
)
 
(5,604
)
 
(11,178
)
 
(11,184
)
Employee stock plans and related tax benefit
 
2,027

 
2,587

 
3,546

 
5,274

Purchase of treasury shares
 
(112
)
 
(4,224
)
 
(3,063
)
 
(8,824
)
Share-based compensation expense
 
1,952

 
2,362

 
3,832

 
3,817

Changes due to convertible notes transactions
 
—

 
(6
)
 
—

 
(8
)
Impact of change in revenue accounting standard(1)
 
—

 
—

 
—

 
(9,584
)
Ending balance
 
$
658,169

 
$
642,772

 
$
658,169

 
$
642,772

(1) For further information on the impact of the change in the revenue accounting standard for the six-month fiscal period ended June 29, 2018, refer to Note 2, Accounting Changes, of the Company’s Annual Report on Form 10-K for the year ended December 31, 2018.

The components of accumulated other comprehensive income (loss) are shown below:
 
 
For the Three Months Ended
 
 
June 28, 2019

June 29, 2018
In thousands
 
 
 
 
Foreign currency translation and other:
 
 
 
 
Beginning balance
 
$
(17,496
)
 
$
(1,040
)
Net gain (loss) on foreign currency translation
 
1,329

 
(11,969
)
Other comprehensive income (loss), net of tax
 
1,329

 
(11,969
)
Ending balance
 
$
(16,167
)
 
$
(13,009
)
 
 
 
 
 
Pension and other post-retirement benefits(1):
 
 
 
 
Beginning balance
 
$
(140,477
)
 
$
(106,543
)
Amortization of net loss, net of tax expense of $940 and $703, respectively
 
2,936

 
2,203

Other comprehensive income, net of tax
 
2,936

 
2,203

Ending balance
 
$
(137,541
)
 
$
(104,340
)
 
 
 
 
 
Total accumulated other comprehensive loss
 
$
(153,708
)
 
$
(117,349
)
(1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost.
(See Note 13, Pension Plans for additional information.)


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

 
 
For the Six Months Ended
 
 
June 28, 2019
 
June 29, 2018
In thousands
 
 
 
 
Foreign currency translation and other:
 
 
 
 
Beginning balance
 
$
(14,579
)
 
$
(7,054
)
Net loss on foreign currency translation
 
(1,588
)
 
(5,955
)
Other comprehensive (loss) income, net of tax
 
(1,588
)
 
(5,955
)
Ending balance
 
$
(16,167
)
 
$
(13,009
)
 
 
 
 
 
Pension and other post-retirement benefits(1):
 
 
 
 
Beginning balance
 
$
(120,319
)
 
$
(108,760
)
Amortization of net loss, net of tax expense of $1,880 and $1,413, respectively
 
5,872

 
4,420

Other comprehensive income, net of tax
 
5,872

 
4,420

Reclassification of stranded tax effects resulting from Tax Reform to retained earnings(2)
 
(23,094
)
 
—

Ending balance
 
$
(137,541
)
 
$
(104,340
)
 
 
 
 
 
Total accumulated other comprehensive loss
 
$
(153,708
)
 
$
(117,349
)
(1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost.
(See Note 13, Pension Plans for additional information.)
(2) See Note 2, Recent Accounting Standards, for additional information regarding the reclassification of stranded tax effects resulting from Tax Reform to retained earnings.