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Accumulated Other Comprehensive Income
 3 Months Ended
Mar. 27, 2016
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 27, 2016
 
 
Foreign currency translation adjustments
 
Marketable securities
 
Derivative financial instruments
 
Pension and postretirement benefit plans
 
Total
Balance, beginning of period
 
$
(58,844
)
 
$
(1,094
)
 
$
5,886

 
$
(561,153
)
 
$
(615,205
)
Other comprehensive income (loss) before reclassifications
 
14,571

 
(71
)
 
(12,715
)
 
—

 
1,785

Income tax
 
(1,878
)
 
26

 
4,710

 
—

 
2,858

Net other comprehensive income (loss) before reclassifications
 
12,693

 
(45
)
 
(8,005
)
 
—

 
4,643

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

 
—

 
(856
)
 
—

 
(856
)
Realized (gains) losses - commodities contracts(a)
 
—

 
—

 
215

 
—

 
215

Realized (gains) losses - treasury rate lock(c)
 
—

 
—

 
90

 
—

 
90

Prior service credits(b)
 
—

 
—

 
—

 
(446
)
 
(446
)
Actuarial losses(b)
 
—

 
—

 
—

 
12,471

 
12,471

Total reclassifications before tax
 
—

 
—

 
(551
)
 
12,025

 
11,474

Income tax expense (benefit)
 
—

 
—

 
204

 
(4,454
)
 
(4,250
)
Net reclassifications
 
—

 
—

 
(347
)
 
7,571

 
7,224

Other comprehensive income (loss)
 
12,693

 
(45
)
 
(8,352
)
 
7,571

 
11,867

Balance, end of period
 
$
(46,151
)
 
$
(1,139
)
 
$
(2,466
)
 
$
(553,582
)
 
$
(603,338
)
 
 
 
 
 
 
 
 
 
 
 
 
 
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 reclassifications 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
)

(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 15 for information related to pension and postretirement benefit plans.
(c)
Amounts reclassified to net income are included in interest expense.