XML 20 R9.htm IDEA: XBRL DOCUMENT v3.7.0.1
Other Comprehensive Income
 6 Months Ended
Jul. 01, 2017
Notes To Financial Statements [Abstract]  
Other Comprehensive Income
)
Other Comprehensive Income
The company reports changes in equity during a period, except those resulting from investments by owners and distributions to owners, in accordance with ASC 220, "Comprehensive Income".
Changes in accumulated other comprehensive income(1) were as follows (in thousands):
 
Currency Translation Adjustment
 
Pension Benefit Costs
 
Unrealized Gain/(Loss) Interest Rate Swap
 
Total
Balance as of December 31, 2016
$
(116,411
)
 
$
(173,394
)
 
$
5,482

 
$
(284,323
)
Other comprehensive income before reclassification
29,456

 
(9,174
)
 
305

 
20,587

Amounts reclassified from accumulated other comprehensive income
—

 
—

 
(806
)
 
(806
)
Net current-period other comprehensive income
$
29,456

 
$
(9,174
)
 
$
(501
)
 
$
19,781

Balance as of July 1, 2017
$
(86,955
)
 
$
(182,568
)
 
$
4,981

 
$
(264,542
)

(1) As of July 1, 2017 pension and interest rate swap amounts are net of tax of $(39.9) million and $3.3 million, respectively.
Components of other comprehensive income were as follows (in thousands):
 
Three Months Ended
 
Six Months Ended
 
Jul 1, 2017
 
Jul 2, 2016
 
Jul 1, 2017
 
Jul 2, 2016
Net earnings
$
77,569

 
$
72,891

 
$
148,271

 
$
127,429

Currency translation adjustment
18,621

 
(19,579
)
 
29,456

 
(19,975
)
Pension liability adjustment, net of tax
(6,647
)
 
1,078

 
(9,174
)
 
4,856

Unrealized gain on interest rate swaps, net of tax
(1,001
)
 
(2
)
 
(501
)
 
(123
)
Comprehensive income
$
88,542

 
$
54,388

 
$
168,052

 
$
112,187