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Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 29, 2018
Equity [Abstract]  
Other Comprehensive Income (Loss)
Other Comprehensive (Loss) Income

Changes in other comprehensive (loss) income by component for fiscal years 2018, 2017, and 2016 were as follows:

 
Fiscal Year Ended
 
December 29, 2018
 
December 30, 2017
 
December 31, 2016
(in thousands)
Pre-tax
 
Tax
 
Net of tax
 
Pre-tax
 
Tax
 
Net of tax
 
Pre-tax
 
Tax
 
Net of tax
Defined benefit pension plan adjustments
$
924

 
$
47

 
$
877

 
$
1,532

 
$
385

 
$
1,147

 
$
(4,563
)
 
$
(1,302
)
 
$
(3,261
)
Unrealized loss on investments
—

 
—

 
—

 
(974
)
 
—

 
(974
)
 
(815
)
 
—

 
(815
)
Foreign currency translation adjustments
(25,338
)
 
—

 
(25,338
)
 
10,738

 
—

 
10,738

 
(24,832
)
 
—

 
(24,832
)
Total change in other comprehensive (loss) income
$
(24,414
)
 
$
47

 
$
(24,461
)
 
$
11,296

 
$
385

 
$
10,911

 
$
(30,210
)
 
$
(1,302
)
 
$
(28,908
)


Accumulated Other Comprehensive Income (Loss) (“AOCI”): The following table sets forth the changes in the components of AOCI by component for fiscal years 2018, 2017, and 2016:
 
(in thousands)
Pension and postretirement liability and reclassification adjustments
 
Gain (loss) on investments
 
Foreign currency translation adjustments
 
Accumulated other comprehensive income (loss)
Balance at January 2, 2016
$
(8,722
)
 
$
11,584

 
$
(48,533
)
 
$
(45,671
)
2016 activity
(3,261
)
 
(815
)
 
(24,832
)
 
(28,908
)
Balance at December 31, 2016
(11,983
)
 
10,769

 
(73,365
)
 
(74,579
)
2017 activity
1,147

 
(974
)
 
10,738

 
10,911

Balance at December 30, 2017
(10,836
)
 
9,795

 
(62,627
)
 
(63,668
)
Cumulative effect adjustment (a)
—

 
(9,795
)
 
—

 
(9,795
)
 2018 activity
877

 
—

 
(25,338
)
 
(24,461
)
Balance at December 29, 2018
$
(9,959
)
 
$
—

 
$
(87,965
)
 
$
(97,924
)
(a)
The Company adopted ASU 2016-01 on December 31, 2017 on a modified retrospective basis, recognizing the cumulative effect as a $9.8 million increase to retained earnings. See Note 1, Summary of Significant Accounting Policies and Other Information, for further discussion.


Amounts reclassified from accumulated other comprehensive (loss) income to earnings for fiscal years 2018, 2017, and 2016 were as follows:

 
 
Fiscal Year Ended
(in thousands)
 
December 29, 2018
 
December 30, 2017
 
December 31, 2016
Pension and postemployment plans:
 
 
 
 
 
 
Amortization of prior service
 
$
291

 
$
337

 
$
306

Settlement loss/curtailment (gain)
 
238

 
(25
)
 
(36
)
Total
 
$
529

 
$
312

 
$
270



The Company recognizes the amortization of prior service costs and settlement loss and curtailment gain in other income, net within the Consolidated Statements of Net Income.