Stockholders' Equity and Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jul. 04, 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						Six Months Ended
	July 4,			June 28,			July 4,			June 28,
(Thousands of dollars)	2015			2014			2015			2014
Foreign currency translation adjustment	$	(8,836)		$	(2,790)		$	(14,794)		$	(29,565)
Investments:
Unrealized gain	11			553			747			568
Amounts reclassified from OCL to net earnings	(14)		(1)	(55)		(1)	(73)		(1)	456		(1)
Unrealized gain (loss) on investments	(3)			498			674			1,024
Unrealized gain (loss) on cash flow hedges	-			(275)			-			86
Pension cost:
Unrealized gain (loss)	(16)			-			283			-
Amounts reclassified from OCL to net earnings	961		(2)	320		(2)	1,944		(2)	640		(2)
Unrecognized pension cost	945			320			2,227			640
Other comprehensive loss, net of tax	$	(7,894)		$	(2,247)		$	(11,893)		$	(27,815)

(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

	July 4,	December 31,
(Thousands of dollars)	2015	2014
Cumulative foreign currency translation adjustment	$ (208,831)	$ (194,037)
Unrealized gain on investments	2,008	1,334
Unrecognized pension cost	(57,707)	(59,934)
Total accumulated other comprehensive loss	$ (264,530)	$ (252,637)