Supplemental Stockholders' Equity Information

3 Months Ended

Mar. 27, 2022

Equity [Abstract]

Supplemental Stockholders' Equity Information

SUPPLEMENTAL STOCKHOLDERS’ EQUITY INFORMATIONIn February 2022, the Board of Directors approved a $150 million Class A stock repurchase program. The authorization provides that Class A shares may be purchased from time to time as market conditions warrant, through open market purchases,

privately negotiated transactions or other means, including Rule 10b5-1 trading plans. There is no expiration date with respect to this authorization.

As of March 27, 2022, repurchases under this authorization totaled approximately $29.0 million (excluding commissions) and approximately $121.0 million remained.

The following table summarizes the changes in AOCI by component as of March 27, 2022:

(In thousands)	Foreign Currency Translation Adjustments		Funded Status of Benefit Plans		Net Unrealized Loss on Available-For-Sale Securities		Total Accumulated Other Comprehensive Loss
Balance as of December 26, 2021	$	3,754	$	(385,680)	$	(1,276)	$	(383,202)
Other comprehensive loss before reclassifications, before tax	(2,209)		—		(7,916)		(10,125)
Amounts reclassified from accumulated other comprehensive loss, before tax	—		5,010		—		5,010
Income tax (benefit)/expense	(601)		1,344		(2,123)		(1,380)
Net current-period other comprehensive (loss)/ income, net of tax	(1,608)		3,666		(5,793)		(3,735)
Balance as of March 27, 2022	$	2,146	$	(382,014)	$	(7,069)	$	(386,937)

The following table summarizes the reclassifications from AOCI for the quarter ended March 27, 2022:

(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)	$	(722)	Other components of net periodic benefit costs
Amortization of actuarial loss(1)	5,732		Other components of net periodic benefit costs
Total reclassification, before tax(2)	5,010
Income tax expense	1,344		Income tax expense
Total reclassification, net of tax	$	3,666

(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 quarter ended March 27, 2022.

Total stock-based compensation expense included in the Condensed Consolidated Statements of Operations is as follows:

	For the Quarters Ended
(In thousands)	March 27, 2022		March 28, 2021
Cost of revenue	$	1,589	$	1,129
Sales and marketing	365		347
Product development	1,751		677
General and administrative	3,349		2,032
Total stock-based compensation expense	$	7,054	$	4,185