XML 13 R20.htm IDEA: XBRL DOCUMENT v3.20.1
Supplemental Stockholders' Equity Information
 3 Months Ended
Mar. 29, 2020
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 March 29, 2020, 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 three months of 2020. 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 March 29, 2020:
(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 29, 2019
 
$
3,438

 
$
(498,986
)
 
$
572

 
$
(494,976
)
Other comprehensive (loss)/income before reclassifications, before tax
 
(254
)
 
—

 
715

 
461

Amounts reclassified from accumulated other comprehensive loss, before tax
 
—

 
6,397

 
—

 
6,397

Income tax (benefit)/expense
 
(68
)
 
1,794

 
189

 
1,915

Net current-period other comprehensive (loss)/income, net of tax
 
(186
)
 
4,603

 
526

 
4,943

Balance as of March 29, 2020
 
$
3,252

 
$
(494,383
)
 
$
1,098

 
$
(490,033
)

The following table summarizes the reclassifications from AOCI for the first quarter of 2020:
(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)
 
$
(1,542
)
 
Other components of net periodic benefit costs
Amortization of actuarial loss(1)
 
7,939

 
Other components of net periodic benefit costs
Total reclassification, before tax(2)
 
6,397

 
 
Income tax expense
 
1,794

 
Income tax expense
Total reclassification, net of tax
 
$
4,603

 
 
(1) These AOCI components are included in the computation of net periodic benefit cost for pension and other postretirement benefits. See Note 9 for more information.
(2) There were no reclassifications relating to noncontrolling interest for the first quarter ended March 29, 2020.