Supplemental Stockholders' Equity Information

9 Months Ended

Sep. 29, 2019

Equity [Abstract]

Supplemental Stockholders' Equity Information

SUPPLEMENTAL STOCKHOLDERS’ EQUITY INFORMATION

In 2015, the Board of Directors authorized up to $101.1 million of repurchases of shares of the Company’s Class A Common Stock. As of September 29, 2019, repurchases under this authorization totaled $84.9 million (excluding commissions) and $16.2 million remained under this authorization. The Company did not repurchase any shares during the first nine months of 2019. All purchases were made pursuant to our publicly announced share repurchase program. Our Board of Directors has authorized us to purchase shares under this authorization from time to time, subject to market conditions and other factors. There is no expiration date with respect to this authorization.

The following table summarizes the changes in AOCI by component as of September 29, 2019:

(In thousands)	Foreign Currency Translation Adjustments			Funded Status of Benefit Plans			Net Unrealized (Loss)/Gain on Available-For-Sale Securities			Total Accumulated Other Comprehensive Loss
Balance as of December 30, 2018	$	4,677		$	(520,308	)	$	(2,093	)	$	(517,724	)
Other comprehensive (loss)/income before reclassifications, before tax	(3,286		)	—			3,773			487
Amounts reclassified from accumulated other comprehensive loss, before tax	—			14,685			—			14,685
Income tax (benefit)/expense	(863		)	3,780			986			3,903
Net current-period other comprehensive (loss)/income, net of tax	(2,423		)	10,905			2,787			11,269
Balance as of September 29, 2019	$	2,254		$	(509,403	)	$	694		$	(506,455	)

The following table summarizes the reclassifications from AOCI for the nine months ended September 29, 2019:

(In thousands) Detail about accumulated other comprehensive loss components	Amounts reclassified from accumulated other comprehensive loss			Affects line item in the statement where net income is presented
Funded status of benefit plans:
Amortization of prior service credit(1)	$	(5,033	)	Other components of net periodic benefit costs
Amortization of actuarial loss(1)	19,718			Other components of net periodic benefit costs
Total reclassification, before tax(2)	14,685
Income tax expense	3,780			Income tax expense
Total reclassification, net of tax	$	10,905

⁽¹⁾ These AOCI components are included in the computation of net periodic benefit cost for pension and other postretirement benefits. See Note 10 for more information.

⁽²⁾ There were no reclassifications relating to noncontrolling interest for the nine months ended September 29, 2019.