Other Comprehensive (Loss) Income

6 Months Ended

Jul. 02, 2022

Changes in other comprehensive (loss) income by component were as follows:


(in thousands)	Three Months Ended July 2, 2022						Three Months Ended June 26, 2021
	Pre-tax		Tax		Net of Tax		Pre-tax		Tax		Net of Tax
Defined benefit pension plan and other adjustments	$	722	$	83	$	639	$	372	$	43	$	329
Cash flow hedge	(712)		(171)		(541)		—		—		—
Foreign currency translation adjustments (1)	(32,167)		(720)		(31,447)		5,125		—		5,125
Total change in other comprehensive (loss) income	$	(32,157)	$	(808)	$	(31,349)	$	5,497	$	43	$	5,454

(in thousands)	Six Months Ended July 2, 2022						Six Months Ended June 26, 2021
	Pre-tax		Tax		Net of Tax		Pre-tax		Tax		Net of Tax
Defined benefit pension plan adjustments	$	1,045	$	96	$	949	878		95		$	783
Cash flow hedge	(712)		(171)		(541)		—		—		—
Foreign currency translation adjustments (1)	(35,382)		(1,422)		(33,960)		$	(200)	$	—	$	(200)
Total change in other comprehensive (loss) income	$	(35,049)	$	(1,497)	$	(33,552)	$	678	$	95	$	583

(1) The tax shown above within the foreign currency translation adjustments is the U.S. tax associated with the foreign currency translation adjustments of earnings of non-U.S. subsidiaries which have been previously taxed in the U.S. and are not permanently reinvested.

The following tables set forth the changes in accumulated other comprehensive (loss) income by component for the six months ended July 2, 2022 and June 26, 2021:


(in thousands)	Defined benefit pension plan and other adjustments		Cash flow hedge		Foreign currency translation adjustment		Accumulated other comprehensive loss
Balance at January 1, 2022	$	(11,928)	$	—	$	(61,535)	$	(73,463)

Activity in the period	949		(541)		(33,960)		(33,552)
Balance at July 2, 2022	$	(10,979)	$	(541)	$	(95,495)	$	(107,015)


(in thousands)	Defined benefit pension plan and other adjustments		Foreign currency translation adjustment		Accumulated other comprehensive loss
Balance at December 26, 2020	$	(34,141)	$	(57,016)	$	(91,157)

Activity in the period	783		(200)		583
Balance at June 26, 2021	$	(33,358)	$	(57,216)	$	(90,574)

Amounts reclassified from accumulated other comprehensive (loss) income to earnings for the three and six months ended July 2, 2022 and June 26, 2021 were as follows:


	Three Months Ended				Six Months Ended
(in thousands)	July 2, 2022		June 26, 2021		July 2, 2022		June 26, 2021
Pension and Postemployment plans:
Amortization of prior service and net actuarial loss	$	198	$	509	$	395	$	774

The Company recognizes the amortization of prior service costs in Other expense (income), net within the Condensed Consolidated Statements of Net Income.