Supplemental Stockholders' Equity Information

9 Months Ended

Sep. 27, 2020

Equity [Abstract]

Supplemental Stockholders' Equity Information

SUPPLEMENTAL STOCKHOLDERS’ EQUITY INFORMATIONIn 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 27, 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 nine 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 September 27, 2020:

(In thousands)	Foreign Currency Translation Adjustments		Funded Status of Benefit Plans		Net Unrealized 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 income before reclassifications, before tax	3,095		—		3,936		7,031
Amounts reclassified from accumulated other comprehensive loss, before tax	—		18,982		—		18,982
Income tax expense	823		5,083		1,049		6,955
Net current-period other comprehensive income, net of tax	2,272		13,899		2,887		19,058
Balance as of September 27, 2020	$	5,710	$	(485,087)	$	3,459	$	(475,918)

The following table summarizes the reclassifications from AOCI for the nine months ended September 27, 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)	$	(4,837)	Other components of net periodic benefit costs
Amortization of actuarial loss(1)	23,819		Other components of net periodic benefit costs
Total reclassification, before tax(2)	18,982
Income tax expense	5,083		Income tax expense
Total reclassification, net of tax	$	13,899

(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 nine months ended September 27, 2020.