Accumulated Other Comprehensive Loss

The following tables set forth the changes in accumulated other comprehensive loss (AOCL) (in thousands):



	Three months ended July 1, 2018
	Foreign currency translation adjustments			Marketable securities		Derivative financial instruments			Pension and postretirement benefit plans			Total
Balance, beginning of period	$	(14,937	)	$	—	$	(16,489	)	$	(375,178	)	$	(406,604	)
Other comprehensive (loss) income before reclassifications	(26,482		)	—		31,794			—			5,312
Income tax expense	—			—		(7,476		)	—			(7,476		)
Net other comprehensive (loss) income before reclassifications	(26,482		)	—		24,318			—			(2,164		)
Reclassifications:
Realized (gains) losses - foreign currency contracts^(a)	—			—		(956		)	—			(956		)
Realized (gains) losses - commodity contracts^(a)	—			—		12			—			12
Realized (gains) losses - treasury rate locks^(b)	—			—		125			—			125
Realized (gains) losses - interest rate swap^(b)	—			—		289			—			289
Prior service credits^(c)	—			—		—			(565		)	(565		)
Actuarial losses^(c)	—			—		—			16,772			16,772
Total reclassifications before tax	—			—		(530		)	16,207			15,677
Income tax benefit (expense)	—			—		132			(3,805		)	(3,673		)
Net reclassifications	—			—		(398		)	12,402			12,004
Other comprehensive (loss) income	(26,482		)	—		23,920			12,402			9,840
Balance, end of period	$	(41,419	)	$	—	$	7,431		$	(362,776	)	$	(396,764	)



	Three months ended June 25, 2017
	Foreign currency translation adjustments			Marketable securities			Derivative financial instruments			Pension and postretirement benefit plans			Total
Balance, beginning of period	$	(52,575	)	$	(1,204	)	$	3,472		$	(501,323	)	$	(551,630	)
Other comprehensive income (loss) before reclassifications	9,447			1,912			(12,650		)	—			(1,291		)
Income tax benefit (expense)	190			(708		)	4,678			—			4,160
Net other comprehensive income (loss) before reclassifications	9,637			1,204			(7,972		)	—			2,869
Reclassifications:
Realized (gains) losses - foreign currency contracts^(a)	—			—			(3,957		)	—			(3,957		)
Realized (gains) losses - commodity contracts^(a)	—			—			(17		)	—			(17		)
Realized (gains) losses - treasury rate locks^(b)	—			—			99			—			99
Prior service credits^(c)	—			—			—			(289		)	(289		)
Actuarial losses^(c)	—			—			—			11,813			11,813
Total reclassifications before tax	—			—			(3,875		)	11,524			7,649
Income tax benefit (expense)	—			—			1,435			(4,268		)	(2,833		)
Net reclassifications	—			—			(2,440		)	7,256			4,816
Other comprehensive income (loss)	9,637			1,204			(10,412		)	7,256			7,685
Balance, end of period	$	(42,938	)	$	—		$	(6,940	)	$	(494,067	)	$	(543,945	)



	Six months ended July 1, 2018
	Foreign currency translation adjustments			Marketable securities		Derivative financial instruments			Pension and postretirement benefit plans			Total
Balance, beginning of period	$	(21,852	)	$	—	$	(17,254	)	$	(460,943	)	$	(500,049	)
Other comprehensive (loss) income before reclassifications	(19,567		)	—		25,888			96,374			102,695
Income tax expense	—			—		(6,089		)	(22,629		)	(28,718		)
Net other comprehensive (loss) income before reclassifications	(19,567		)	—		19,799			73,745			73,977
Reclassifications:
Realized (gains) losses - foreign currency contracts^(a)	—			—		5,753			—			5,753
Realized (gains) losses - commodity contracts^(a)	—			—		85			—			85
Realized (gains) losses - treasury rate locks^(b)	—			—		251			—			251
Realized (gains) losses - interest rate swap^(b)	—			—		289			—			289
Prior service credits^(c)	—			—		—			(1,131		)	(1,131		)
Actuarial losses^(c)	—			—		—			33,045			33,045
Total reclassifications before tax	—			—		6,378			31,914			38,292
Income tax expense	—			—		(1,492		)	(7,492		)	(8,984		)
Net reclassifications	—			—		4,886			24,422			29,308
Other comprehensive (loss) income	(19,567		)	—		24,685			98,167			103,285
Balance, end of period	$	(41,419	)	$	—	$	7,431		$	(362,776	)	$	(396,764	)



	Six months ended June 25, 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	25,080			1,896			(24,553		)	—			2,423
Income tax benefit (expense)	114			(702		)	9,087			—			8,499
Net other comprehensive income (loss) before reclassifications	25,194			1,194			(15,466		)	—			10,922
Reclassifications:
Realized (gains) losses - foreign currency contracts^(a)	—			—			(6,473		)	—			(6,473		)
Realized (gains) losses - commodity contracts^(a)	—			—			(65		)	—			(65		)
Realized (gains) losses - treasury rate locks^(b)	—			—			189			—			189
Prior service credits^(c)	—			—			—			(578		)	(578		)
Actuarial losses^(c)	—			—			—			23,626			23,626
Total reclassifications before tax	—			—			(6,349		)	23,048			16,699
Income tax benefit (expense)	—			—			2,351			(8,536		)	(6,185		)
Net reclassifications	—			—			(3,998		)	14,512			10,514
Other comprehensive income (loss)	25,194			1,194			(19,464		)	14,512			21,436
Balance, end of period	$	(42,938	)	$	—		$	(6,940	)	$	(494,067	)	$	(543,945	)


(a)	Amounts reclassified to net income are included in Motorcycles and Related Products cost of goods sold.


(b)	Amounts reclassified to net income are included in interest expense.


(c)	Amounts reclassified are included in the computation of net periodic benefit cost. See Note 14 for information related to pension and postretirement benefit plans.