Accumulated Other Comprehensive Earnings (Losses) (Tables)

3 Months Ended

6 Months Ended

Jun. 26, 2021

Schedule of Accumulated Other Comprehensive Earnings (Losses) [Table Text Block]

A reconciliation of the changes in accumulated other comprehensive earnings (losses) net of income taxes for the three months ended June 26, 2021 and June 27, 2020 is as follows:


	Investments			Postretirement Benefit		Accumulated Other Comprehensive Earnings (Losses)
		(Amounts are in thousands)
2021
Balances at March 27, 2021		$	114,773		(21,574)		93,199
Unrealized gain on debt securities		12,977			—		12,977
Net realized gain on debt securities reclassified to investment income		(3,333)			—		(3,333)
Adjustment to postretirement benefit obligation		—			1,380		1,380
Net other comprehensive earnings		9,644			1,380		11,024
Balances at June 26, 2021		$	124,417		(20,194)		104,223

2020
Balances at March 28, 2020		$	(40,803)		(16,402)		(57,205)
Unrealized gain on debt securities		260,078			—		260,078
Net realized gain on debt securities reclassified to investment income		(2,195)			—		(2,195)
Adjustment to postretirement benefit obligation		—			814		814
Net other comprehensive earnings		257,883			814		258,697
Balances at June 27, 2020		$	217,080		(15,588)		201,492

A reconciliation of the changes in accumulated other comprehensive earnings (losses) net of income taxes for the six months ended June 26, 2021 and June 27, 2020 is as follows:


	Investments			Postretirement Benefits		Accumulated Other Comprehensive Earnings (Losses)
		(Amounts are in thousands)
2021
Balances at December 26, 2020		$	223,904		(22,953)		200,951
Unrealized loss on debt securities		(90,571)			—		(90,571)
Net realized gain on debt securities reclassified to investment income		(8,916)			—		(8,916)
Adjustment to postretirement benefit obligation		—			2,759		2,759
Net other comprehensive (losses) earnings		(99,487)			2,759		(96,728)
Balances at June 26, 2021		$	124,417		(20,194)		104,223

2020
Balances at December 28, 2019		$	98,506		(17,217)		81,289
Unrealized gain on debt securities		122,495			—		122,495
Net realized gain on debt securities reclassified to investment income		(3,921)			—		(3,921)
Adjustment to postretirement benefit obligation		—			1,629		1,629
Net other comprehensive earnings		118,574			1,629		120,203

Balances at June 27, 2020		$	217,080		(15,588)		201,492