Stockholders' Equity and Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 29, 2014

Stockholders' Equity and Accumulated Other Comprehensive Loss

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

The components of and changes in accumulated other comprehensive loss, net of tax, for the three months ended March 29, 2014 are as follows:

	Cumulative
	Foreign		Unrealized			Unrealized
	Currency		Gain			Gain (Loss)			Unrecognized
	Translation		on			on Cash Flow			Pension
(Thousands of dollars)	Adjustment		Investments			Hedges			Cost		Total
Balance December 31, 2013	$  (155,413	)	$	481		$	(113	)	$  (26,752	)	$(181,797	)
Other comprehensive income (loss) before reclassifications	(26,775	)	15			361			-		(26,399	)
Amounts reclassified from accumulated other comprehensive loss	-		511		(1)	-			320	(2)	831
Net current-period other comprehensive income (loss)	(26,775	)	526			361			320		(25,568	)
Balance March 29, 2014	$   (182,188	)	$	1,007		$	248		$  (26,432	)	$(207,365	)

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

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

The components of and changes in accumulated other comprehensive loss, net of tax, for the three months ended March 30, 2013 are as follows:

	Cumulative
	Foreign		Unrealized			Unrealized
	Currency		Gain (Loss)			Loss on			Unrecognized
	Translation		on			Cash Flow			Pension
(Thousands of dollars)	Adjustment		Investments			Hedges			Cost		Total
Balance December 31, 2012	$  (109,457	)	$	2,232		$	(113	)	$  (64,206	)	$(171,544	)
Other comprehensive income (loss) before reclassifications	(6,122	)	639			-			-		(5,483	)
Amounts reclassified from accumulated other comprehensive loss	-		(210		)(1)	-			1,192	(2)	982
Net current-period other comprehensive income (loss)	(6,122	)	429			-			1,192		(4,501	)
Balance March 30, 2013	$   (115,579	)	$	2,661		$	(113	)	$  (63,014	)	$(176,045	)

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

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