Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of components of comprehensive income (loss)

Changes in other comprehensive income (loss) by component for fiscal years 2022, 2021, and 2020 were as follows:


	Fiscal Year Ended
	December 31, 2022						January 1, 2022						December 26, 2020
(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	$	11,560	$	(1,825)	$	9,735	$	27,481	$	(5,268)	$	22,213	$	(19,513)	$	3,418	$	(16,095)
Cash flow hedge	8,679		(2,083)		6,596		—		—		—		—		—		—
Foreign currency translation adjustments (1)	(39,619)		987		(38,632)		(6,967)		2,448		(4,519)		34,707		(2,946)		31,761
Total change in other comprehensive income (loss)	$	(19,380)	$	(2,921)	$	(22,301)	$	20,514	$	(2,820)	$	17,694	$	15,194	$	472	$	15,666

(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.

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 2022, 2021, and 2020:


(in thousands)	Pension and postretirement liability and reclassification adjustments		Cash flow hedge		Foreign currency translation adjustments		Accumulated other comprehensive income (loss)
Balance at December 28, 2019	$	(18,046)	$	—	$	(88,777)	$	(106,823)

2020 activity	(16,095)		—		31,761		15,666
Balance at December 26, 2020	(34,141)		—		(57,016)		(91,157)

2021 activity	22,213		—		(4,519)		17,694
Balance at January 1, 2022	(11,928)		—		(61,535)		(73,463)
2022 activity	9,735		6,596		(38,632)		(22,301)
Balance at December 31, 2022	(2,193)		6,596		(100,167)		(95,764)

Reclassification out of accumulated other comprehensive income

Amounts reclassified from accumulated other comprehensive income (loss) to earnings for fiscal years 2022, 2021, and 2020 were as follows:


	Fiscal Year Ended
(in thousands)	December 31, 2022		January 1, 2022		December 26, 2020
Pension and postemployment and other plans:
Amortization of prior service, net actuarial loss, and other	$	785	$	2,006	$	1,694
Net settlement loss and accelerated prior service costs	477		19,855		236
Total	$	1,262	$	21,861	$	1,930