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Accumulated Other Comprehensive Income
 3 Months Ended
Mar. 29, 2015
Equity [Abstract]  
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Loss
The following tables set forth the changes in accumulated other comprehensive loss (AOCL) (in thousands):
 
 
Three months ended March 29, 2015
 
 
Foreign currency translation adjustments
 
Marketable securities
 
Derivative financial instruments
 
Pension and postretirement benefit plans
 
Total
Balance, beginning of period
 
$
(3,482
)
 
$
(700
)
 
$
19,042

 
$
(529,803
)
 
$
(514,943
)
Other comprehensive (loss) income before reclassifications
 
(29,991
)
 
(106
)
 
32,548

 
—

 
2,451

Income tax
 
2,970

 
39

 
(12,057
)
 
—

 
(9,048
)
Net other comprehensive (loss) income before reclassifications
 
(27,021
)
 
(67
)
 
20,491

 
—

 
(6,597
)
Reclassifications:
 
 
 
 
 
 
 
 
 
 
Realized (gains) losses - foreign currency contracts(a)
 
—

 
—

 
(15,276
)
 
—

 
(15,276
)
Realized (gains) losses - commodities contracts(a)
 
—

 
—

 
315

 
—

 
315

Prior service credits(b)
 
—

 
—

 
—

 
(695
)
 
(695
)
Actuarial losses(b)
 
—

 
—

 
—

 
14,670

 
14,670

Total before tax
 
—

 
—

 
(14,961
)
 
13,975

 
(986
)
Income tax expense (benefit)
 
—

 
—

 
5,542

 
(5,177
)
 
365

Net reclassifications
 
—

 
—

 
(9,419
)
 
8,798

 
(621
)
Other comprehensive (loss) income
 
(27,021
)
 
(67
)
 
11,072

 
8,798

 
(7,218
)
Balance, end of period
 
$
(30,503
)
 
$
(767
)
 
$
30,114

 
$
(521,005
)
 
$
(522,161
)
 
 
Three months ended March 30, 2014
 
 
Foreign currency translation adjustments
 
Marketable securities
 
Derivative financial instruments
 
Pension and postretirement benefit plans
 
Total
Balance, beginning of period
 
$
33,326

 
$
(276
)
 
$
(1,680
)
 
$
(364,046
)
 
$
(332,676
)
Other comprehensive income (loss) before reclassifications
 
1,755

 
(67
)
 
(1,223
)
 
—

 
465

Income tax
 
1,193

 
25

 
453

 
—

 
1,671

Net other comprehensive income (loss) before reclassifications
 
2,948

 
(42
)
 
(770
)
 
—

 
2,136

Reclassifications:
 
 
 
 
 
 
 
 
 
 
Realized (gains) losses - foreign currency contracts(a)
 
—

 
—

 
1,058

 
—

 
1,058

Realized (gains) losses - commodities contracts(a)
 
—

 
—

 
(196
)
 
—

 
(196
)
Prior service credits(b)
 
—

 
—

 
—

 
(684
)
 
(684
)
Actuarial losses(b)
 
—

 
—

 
—

 
10,322

 
10,322

Total before tax
 
—

 
—

 
862

 
9,638

 
10,500

Income tax benefit
 
—

 
—

 
(319
)
 
(3,570
)
 
(3,889
)
Net reclassifications
 
—

 
—

 
543

 
6,068

 
6,611

Other comprehensive income (loss)
 
2,948

 
(42
)
 
(227
)
 
6,068

 
8,747

Balance, end of period
 
$
36,274

 
$
(318
)
 
$
(1,907
)
 
$
(357,978
)
 
$
(323,929
)
 

(a)
Amounts reclassified to net income are included in Motorcycles and Related Products cost of goods sold.
(b)
Amounts reclassified are included in the computation of net periodic period cost. See Note 14 for information related to pension and postretirement benefit plans.