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Other Comprehensive Income
3 Months Ended
Mar. 30, 2019
Other Comprehensive Income (Loss), Net of Tax [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 29, 2018
$
(112,771
)
 
$
(170,938
)
 
$
7,233

 
$
(276,476
)
Other comprehensive income before reclassification
10,683

 
(5,263
)
 
(10,133
)
 
(4,713
)
Amounts reclassified from accumulated other comprehensive income

 

 
766

 
766

Net current-period other comprehensive income
$
10,683

 
$
(5,263
)
 
$
(9,367
)
 
$
(3,947
)
Balance as of March 30, 2019
$
(102,088
)
 
$
(176,201
)
 
$
(2,134
)
 
$
(280,423
)

(1) As of March 30, 2019 pension and interest rate swap amounts are net of tax of $(38.1) million and $(0.6) million, respectively. During the three months ended March 30, 2019, the adjustments to pension benefit costs and unrealized gain/(loss) interest rate swap were net of tax of $(1.4) million and $(3.2) million, respectively.
Components of other comprehensive income were as follows (in thousands):
 
Three Months Ended
 
Mar 30, 2019
 
Mar 31, 2018
Net earnings
$
69,013

 
$
65,420

Currency translation adjustment
10,683

 
21,802

Pension liability adjustment, net of tax
(5,263
)
 
(8,874
)
Unrealized gain on interest rate swaps, net of tax
(9,367
)
 
6,555

Comprehensive income
$
65,066

 
$
84,903

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 29, 2018
$
(112,771
)
 
$
(170,938
)
 
$
7,233

 
$
(276,476
)
Other comprehensive income before reclassification
10,683

 
(5,263
)
 
(10,133
)
 
(4,713
)
Amounts reclassified from accumulated other comprehensive income

 

 
766

 
766

Net current-period other comprehensive income
$
10,683

 
$
(5,263
)
 
$
(9,367
)
 
$
(3,947
)
Balance as of March 30, 2019
$
(102,088
)
 
$
(176,201
)
 
$
(2,134
)
 
$
(280,423
)

(1) As of March 30, 2019 pension and interest rate swap amounts are net of tax of $(38.1) million and $(0.6) million, respectively. During the three months ended March 30, 2019, the adjustments to pension benefit costs and unrealized gain/(loss) interest rate swap were net of tax of $(1.4) million and $(3.2) million, respectively.
Components of other comprehensive income were as follows (in thousands):
 
Three Months Ended
 
Mar 30, 2019
 
Mar 31, 2018
Net earnings
$
69,013

 
$
65,420

Currency translation adjustment
10,683

 
21,802

Pension liability adjustment, net of tax
(5,263
)
 
(8,874
)
Unrealized gain on interest rate swaps, net of tax
(9,367
)
 
6,555

Comprehensive income
$
65,066

 
$
84,903