Accumulated Other Comprehensive Items

6 Months Ended

Jul. 02, 2022

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Comprehensive income combines net income and other comprehensive items, which represent certain amounts that are reported as components of stockholders' equity in the accompanying condensed consolidated balance sheet.

Changes in each component of accumulated other comprehensive items (AOCI), net of tax, are as follows:


(In thousands)	Foreign Currency Translation Adjustment		Post-Retirement Benefit Liability Adjustments		Deferred Loss on Cash Flow Hedges		Total
Balance at January 1, 2022	$	(29,096)	$	(792)	$	(462)	$	(30,350)
Other comprehensive items before reclassifications	(21,492)		27		276		(21,189)
Reclassifications from AOCI	—		13		147		160
Net current period other comprehensive items	(21,492)		40		423		(21,029)
Balance at July 2, 2022	$	(50,588)	$	(752)	$	(39)	$	(51,379)

Amounts reclassified from AOCI are as follows:


	Three Months Ended				Six Months Ended
(In thousands)	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021		Statement of Income Line Item
Post-retirement Benefit Plans
Recognized net actuarial loss	$	(6)	$	(11)	$	(13)	$	(22)	Other expense, net
Amortization of prior service cost	(2)		(3)		(5)		(6)		Other expense, net
Total expense before income taxes	(8)		(14)		(18)		(28)
Income tax benefit	2		4		5		8		Provision for income taxes
	(6)		(10)		(13)		(20)
Cash Flow Hedges (a)
Interest rate swap agreements	(83)		(113)		(194)		(222)		Interest expense

Income tax benefit	20		27		47		53		Provision for income taxes
	(63)		(86)		(147)		(169)
Total Reclassifications	$	(69)	$	(96)	$	(160)	$	(189)

(a)See Note 8, Derivatives, for additional information.