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Other Comprehensive Income (Loss) (Tables)
6 Months Ended
Jun. 29, 2019
Equity [Abstract]  
Schedule of Components of Comprehensive Income (Loss)

Changes in other comprehensive (loss) income by component were as follows:
(in thousands)
 
Three Months Ended
June 29, 2019
 
Three Months Ended
June 30, 2018
 
 
Pre-tax
 
Tax
 
Net of Tax
 
Pre-tax
 
Tax
 
Net of Tax
Defined benefit pension plan adjustments
 
$
201

 
$
40

 
$
161

 
$
803

 
$
37

 
$
766

Foreign currency translation adjustments
 
(5,892
)
 

 
(5,892
)
 
(16,708
)
 

 
(16,708
)
Total change in other comprehensive income (loss)
 
$
(5,691
)
 
$
40

 
$
(5,731
)
 
$
(15,905
)
 
$
37

 
$
(15,942
)

(in thousands)
 
Six Months Ended
June 29, 2019
 
Six Months Ended
June 30, 2018
 
 
Pre-tax
 
Tax
 
Net of Tax
 
Pre-tax
 
Tax
 
Net of Tax
Defined benefit pension plan adjustments
 
$
123

 
$
11

 
$
112

 
$
734

 
$
(29
)
 
$
763

Foreign currency translation adjustments
 
2,230

 

 
2,230

 
(16,984
)
 

 
(16,984
)
Total change in other comprehensive income (loss)
 
$
2,353

 
$
11

 
$
2,342

 
$
(16,250
)
 
$
(29
)
 
$
(16,221
)

Schedule of Accumulated Other Comprehensive Income (Loss)
The following tables set forth the changes in accumulated other comprehensive (loss) income by component for the six months ended June 29, 2019 and June 30, 2018:
 
(in thousands)
 
Pension and
postretirement
liability and
reclassification
adjustments
 
Foreign
currency
translation
adjustment
 
Accumulated
other
comprehensive
income (loss)
Balance at December 29, 2018
 
$
(9,959
)
 
$
(87,965
)
 
$
(97,924
)
Activity in the period
 
112

 
2,230

 
2,342

Balance at June 29, 2019
 
$
(9,847
)
 
$
(85,735
)
 
$
(95,582
)

(in thousands)
 
Pension and
postretirement
liability and
reclassification
adjustments
 
Unrealized
gain (loss) on
investments
 
Foreign
currency
translation
adjustment
 
Accumulated
other
comprehensive
income (loss)
Balance at December 30, 2017
 
$
(10,836
)
 
$
9,795

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



(9,795
)
 

 
(9,795
)
Activity in the period
 
763

 

 
(16,984
)
 
(16,221
)
Balance at June 30, 2018
 
$
(10,073
)
 
$

 
$
(79,611
)
 
$
(89,684
)
(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.







Reclassification out of Accumulated Other Comprehensive Income
Amounts reclassified from accumulated other comprehensive (loss) income to earnings for the three and six months ended June 29, 2019 and June 30, 2018 were as follows:

 
 
Three Months Ended
 
Six Months Ended
(in thousands)
 
June 29, 2019
 
June 30, 2018
 
June 29, 2019
 
June 30, 2018
Pension and Postemployment plans:
 
 
 
 
 
 
 
 
Amortization of prior service
 
$
62

 
$
74

 
$
124

 
$
148