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Accumulated Other Comprehensive Loss
 3 Months Ended
Mar. 26, 2017
Equity [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
The following tables set forth the changes in accumulated other comprehensive loss (AOCL) (in thousands):
 
 
 
Three months ended March 26, 2017
 
 
Foreign currency translation adjustments
 
Marketable securities
 
Derivative financial instruments
 
Pension and postretirement benefit plans
 
Total
Balance, beginning of period
 
$
(68,132
)
 
$
(1,194
)
 
$
12,524

 
$
(508,579
)
 
$
(565,381
)
Other comprehensive income (loss) before reclassifications
 
15,633

 
(16
)
 
(11,903
)
 
—

 
3,714

Income tax (benefit) expense
 
(76
)
 
6

 
4,409

 
—

 
4,339

Net other comprehensive income (loss) before reclassifications
 
15,557

 
(10
)
 
(7,494
)
 
—

 
8,053

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

 
—

 
(2,516
)
 
—

 
(2,516
)
Realized (gains) losses - commodity contracts(a)
 
—

 
—

 
(48
)
 
—

 
(48
)
Realized (gains) losses - treasury rate lock(c)
 
—

 
—

 
90

 
—

 
90

Prior service credits(b)
 
—

 
—

 
—

 
(289
)
 
(289
)
Actuarial losses(b)
 
—

 
—

 
—

 
11,813

 
11,813

Total reclassifications before tax
 
—

 
—

 
(2,474
)
 
11,524

 
9,050

Income tax expense (benefit)
 
—

 
—

 
916

 
(4,268
)
 
(3,352
)
Net reclassifications
 
—

 
—

 
(1,558
)
 
7,256

 
5,698

Other comprehensive income (loss)
 
15,557

 
(10
)
 
(9,052
)
 
7,256

 
13,751

Balance, end of period
 
$
(52,575
)
 
$
(1,204
)
 
$
3,472

 
$
(501,323
)
 
$
(551,630
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 (benefit) expense
 
(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 - commodity 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
)

(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 benefit cost. See Note 13 for information related to pension and postretirement benefit plans.
(c)
Amounts reclassified to net income are included in interest expense.