Stockholders' Equity and Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Oct. 03, 2015

Stockholders' Equity and Accumulated Other Comprehensive Loss

Schedule of changes in the components of other comprehensive loss (OCL), net of related taxes

	Three Months Ended						Nine Months Ended
	October 3,			September 27,			October 3,			September 27,
(Thousands of dollars)	2015			2014			2015			2014
Foreign currency translation adjustment	$	(7,001)		$	(3,120)		$	(21,795)		$	(32,685)
Investments:
Unrealized gain (loss)		(347)			274			400			842
Amounts reclassified from OCL to net earnings		5	(1)		(379)	(1)		(68)	(1)		77	(1)
Unrealized gain (loss) on investments		(342)			(105)			332			919
Unrealized gain on cash flow hedges		-			149			-			235
Pension cost:
Unrealized gain (loss)		(23)			-			260			-
Amounts reclassified from OCL to net earnings		961	(2)		320	(2)		2,905	(2)		960	(2)
Unrecognized pension cost		938			320			3,165			960
Other comprehensive loss, net of tax	$	(6,405)		$	(2,756)		$	(18,298)		$	(30,571)

⁽¹⁾ This represents realized losses (gains) on the sale of available-for-sale securities and was recorded in other investment income (loss), net.

⁽²⁾ This primarily represents the amortization of actuarial losses that were included in net periodic pension cost and was recorded in operating income. See Note 6 for further discussion.

Schedule of components of accumulated other comprehensive loss, net of related taxes

	October 3,		December 31,
(Thousands of dollars)	2015		2014
Cumulative foreign currency translation adjustment	$	(215,832)	$	(194,037)
Unrealized gain on investments		1,666		1,334
Unrecognized pension cost		(56,769)		(59,934)
Total accumulated other comprehensive loss	$	(270,935)	$	(252,637)