Consolidated Accumulated Other Comprehensive (Loss) Income (Tables)

12 Months Ended

Dec. 30, 2023

Stockholders' Equity Note [Abstract]

Schedule of Changes in Consolidated Accumulated Other Comprehensive (Loss) Income by Component

Changes in consolidated accumulated other comprehensive (loss) income (“AOCI”) by component for the fiscal years ended December 30, 2023, December 31, 2022 and January 1, 2022 were as follows:

(in millions of U.S. dollars) 1	Pension Benefit Plan Items		Currency Translation Adjustment Items		Total
Balance as of January 2, 2021	$	(1.1)	$	(85.6)	$	(86.7)
OCI before reclassifications	(0.6)		18.2		17.6
Amounts reclassified from AOCI	—		—		—
Net current-period OCI	(0.6)		18.2		17.6
Balance as of January 1, 2022	$	(1.7)	$	(67.4)	$	(69.1)
OCI before reclassifications	2.9		(15.7)		(12.8)
Amounts reclassified from AOCI	—		(0.3)		(0.3)
Net current-period OCI	2.9		(16.0)		(13.1)
Balance as of December 31, 2022	$	1.2	$	(83.4)	$	(82.2)
OCI before reclassifications	(1.8)		(10.7)		(12.5)
Amounts reclassified from AOCI	(0.2)		(10.2)		(10.4)
Net current-period OCI	(2.0)		(20.9)		(22.9)
Balance as of December 30, 2023	$	(0.8)	$	(104.3)	$	(105.1)

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1     All amounts are net of tax.

Schedule of Reclassifications Out of Accumulated Other Comprehensive Income to Total Net Income (Loss)

The following table summarizes the amounts reclassified from AOCI to total net income (loss) for the fiscal years ended December 30, 2023, December 31, 2022 and January 1, 2022:

(in millions of U.S. dollars)	For the Fiscal Year Ended						Affected Line Item in the Statement Where Net Income Is Presented
Details About AOCI Components1	December 30, 2023		December 31, 2022		January 1, 2022
Amortization of pension benefit plan items
Recognized net actuarial gain	$	0.2	$	—	$	—	Gain on sale of discontinued operations and Other expense (income), net 2
	$	0.2	$	—	$	—	Net of tax
Foreign currency translation adjustments	$	10.2	$	0.3	$	—	Gain on sale of discontinued operations and Impairment charges 3
Total reclassifications for the period	$	10.4	$	0.3	$	—	Net of tax

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1     Amounts in parenthesis indicate debits.

2    Includes $0.6 million related to the recognition of unrealized losses resulting from the distribution of the assets of the U.S. defined benefit plan included in Other expense (income), net on the Consolidated Statement of Operations. In addition, it includes $0.8 million related to the recognition of unrealized gains resulting from the sale of the European Business included in Net income (loss) from discontinued operations, net of income taxes on the Consolidated Statement of Operations. Amounts are net of the tax impact of $0.2 million.

3    For the year ended December 30, 2023, the amount relates to the foreign currency translation balances recognized in earnings in connection with the sale of the European Business included in Net income (loss) from discontinued operations, net of income taxes on the Consolidated Statement of Operations. For the year ended December 31, 2022, the foreign currency translation balance recognized was included in Impairment charges on the Consolidated Statement of Operations.