Other Comprehensive Income (Tables)

6 Months Ended

Jul. 03, 2021

Disclosure Other Comprehensive Income Additional Information [Abstract]

Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]

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 January 2, 2021	$	(49,961)	$	(400,919)	$	(37,548)	$	(488,428)
Other comprehensive income before reclassification	(11,119)		(2,818)		2,885		(11,052)
Amounts reclassified from accumulated other comprehensive income	—		—		10,230		10,230
Net current-period other comprehensive income	$	(11,119)	$	(2,818)	$	13,115	$	(822)
Balance as of July 3, 2021	$	(61,080)	$	(403,737)	$	(24,433)	$	(489,250)
Balance as of December 28, 2019	$	(105,705)	$	(228,336)	$	(16,892)	$	(350,933)
Other comprehensive income before reclassification	(29,064)		12,317		(33,141)		(49,888)
Amounts reclassified from accumulated other comprehensive income	—		—		5,261		5,261
Net current-period other comprehensive income	$	(29,064)	$	12,317	$	(27,880)	$	(44,627)
Balance as of June 27, 2020	$	(134,769)	$	(216,019)	$	(44,772)	$	(395,560)

Schedule of Comprehensive Income (Loss)

Components of other comprehensive income were as follows (in thousands):

	Three Months Ended				Six Months Ended
	Jul 3, 2021		Jun 27, 2020		Jul 3, 2021		Jun 27, 2020
Net earnings	$	120,585	$	21,162	$	209,848	$	94,941
Currency translation adjustment	(505)		19,852		(11,119)		(29,064)
Pension liability adjustment, net of tax	1,152		(2,491)		(2,818)		12,317
Unrealized gain (loss) on interest rate swaps, net of tax	703		(2,661)		13,115		(27,880)
Comprehensive income	$	121,935	$	35,862	$	209,026	$	50,314