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Stockholders' Equity (Tables)
12 Months Ended
Dec. 27, 2020
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table summarizes the changes in AOCI by component as of December 27, 2020:
(In thousands)Foreign Currency Translation AdjustmentsFunded Status of Benefit PlansNet unrealized gain on Available-for-sale SecuritiesTotal Accumulated Other Comprehensive Loss
Balance as of December 29, 2019$3,438 $(498,986)$572 $(494,976)
Other comprehensive income before reclassifications, before tax6,763 129 3,497 10,389 
Amounts reclassified from accumulated other comprehensive loss, before tax— 105,531 — 105,531 
Income tax expense1,815 28,372 938 31,125 
Net current-period other comprehensive income, net of tax4,948 77,288 2,559 84,795 
Balance as of December 27, 2020$8,386 $(421,698)$3,131 $(410,181)
Reclassification out of Accumulated Other Comprehensive Income
The following table summarizes the reclassifications from AOCI for the period ended December 27, 2020:
(In thousands)
Detail about accumulated other comprehensive loss components
Amounts reclassified from accumulated other comprehensive lossAffected line item in the statement where net income is presented
Funded status of benefit plans:
Amortization of prior service credit(1)
$(6,119)Other components of net periodic benefit costs
Amortization of actuarial loss(1)
31,009 Other components of net periodic benefit costs
Pension settlement charge 80,641 Other components of net periodic benefit costs
Total reclassification, before tax105,531 
Income tax expense28,323 Income tax expense
Total reclassification, net of tax$77,208 
(1)These accumulated other comprehensive income components are included in the computation of net periodic benefit cost for pension and other retirement benefits. See Notes 9 and 10 for additional information.