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Other Comprehensive Income (Loss) (Tables)
12 Months Ended
Dec. 28, 2019
Equity [Abstract]  
Schedule of Components of Comprehensive Income (Loss)

Changes in other comprehensive income (loss) by component for fiscal years 2019, 2018, and 2017 were as follows:

 
Fiscal Year Ended
 
December 28, 2019
 
December 29, 2018
 
December 30, 2017
(in thousands)
Pre-tax
 
Tax
 
Net of tax
 
Pre-tax
 
Tax
 
Net of tax
 
Pre-tax
 
Tax
 
Net of tax
Defined benefit pension plan and other adjustments
$
(9,149
)
 
$
1,062

 
$
(8,087
)
 
$
924

 
$
47

 
$
877

 
$
1,532

 
$
385

 
$
1,147

Unrealized loss on investments

 

 

 

 

 

 
(974
)
 

 
(974
)
Foreign currency translation adjustments
(1,476
)
 
664

 
(812
)
 
(25,338
)
 

 
(25,338
)
 
10,738

 

 
10,738

Total change in other comprehensive (loss) income
$
(10,625
)
 
$
1,726

 
$
(8,899
)
 
$
(24,414
)
 
$
47

 
$
(24,461
)
 
$
11,296

 
$
385

 
$
10,911


Schedule of Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) (“AOCI”): The following table sets forth the changes in the components of AOCI by component for fiscal years 2019, 2018, and 2017:
 
(in thousands)
Pension and postretirement liability and reclassification adjustments
 
Gain (loss) on investments
 
Foreign currency translation adjustments
 
Accumulated other comprehensive income (loss)
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
)
 2019 activity
(8,087
)
 

 
(812
)
 
(8,899
)
Balance at December 28, 2019
(18,046
)
 

 
(88,777
)
 
(106,823
)
(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.
Reclassification out of Accumulated Other Comprehensive Income
Amounts reclassified from accumulated other comprehensive income (loss) to earnings for fiscal years 2019, 2018, and 2017 were as follows:

 
 
Fiscal Year Ended
(in thousands)
 
December 28, 2019
 
December 29, 2018
 
December 30, 2017
Pension and postemployment and other plans:
 
 
 
 
 
 
Amortization of prior service, net actuarial loss, and other
 
$
372

 
$
291

 
$
337

Settlement loss/curtailment (gain)
 
260

 
238

 
(25
)
Total
 
$
632

 
$
529

 
$
312