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Other Comprehensive Income
3 Months Ended
Mar. 31, 2018
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 30, 2017
$
(69,721
)
 
$
(203,063
)
 
$
6,365

 
$
(266,419
)
Adoption of ASU 2018-02 (2)

 
487

 
(1,619
)
 
(1,132
)
Other comprehensive income before reclassification
21,802

 
(9,361
)
 
8,186

 
20,627

Amounts reclassified from accumulated other comprehensive income

 

 
(12
)
 
(12
)
Net current-period other comprehensive income
$
21,802

 
$
(8,874
)
 
$
6,555

 
$
19,483

Balance as of March 31, 2018
$
(47,919
)
 
$
(211,937
)
 
$
12,920

 
$
(246,936
)

(1) As of March 31, 2018 pension and interest rate swap amounts are net of tax of $(44.9) million and $4.3 million, respectively. During the three months ended March 31, 2018, the adjustments to pension benefit costs and unrealized gain/(loss) interest rate swap were net of tax of $(1.3) million and $0.1 million, respectively.
(2) As of December 31, 2017, the company adopted ASU 2018-02, "Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income". This guidance allowed for the reclassification of $1.1 million of stranded tax effects resulting from the Tax Cuts and Jobs Act of 2017 from accumulated other comprehensive income to retained earnings.
Components of other comprehensive income were as follows (in thousands):
 
Three Months Ended
 
Mar 31, 2018
 
Apr 1, 2017
Net earnings
$
65,420

 
$
70,702

Currency translation adjustment
21,802

 
10,835

Pension liability adjustment, net of tax
(8,874
)
 
(2,527
)
Unrealized gain on interest rate swaps, net of tax
6,555

 
500

Comprehensive income
$
84,903

 
$
79,510