Other Comprehensive (Loss) Income

6 Months Ended

Jul. 01, 2023

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


(in thousands)	Three Months Ended July 1, 2023						Three Months Ended July 2, 2022
	Pre-tax		Tax		Net of Tax		Pre-tax		Tax		Net of Tax
Defined benefit pension plan and other adjustments	$	(146)	$	(13)	$	(159)	$	722	$	(83)	$	639
Cash flow hedge	4,096		(983)		3,113		(712)		171		(541)
Foreign currency translation adjustments (a)	(17,865)		—		(17,865)		(32,167)		720		(31,447)
Total change in other comprehensive (loss) income	$	(13,915)	$	(996)	$	(14,911)	$	(32,157)	$	808	$	(31,349)

(in thousands)	Six Months Ended July 1, 2023						Six Months Ended July 2, 2022
	Pre-tax		Tax		Net of Tax		Pre-tax		Tax		Net of Tax
Defined benefit pension plan adjustments	$	(122)	$	(31)	$	(153)	1,045		(96)		$	949
Cash flow hedge	783		(188)		595		(712)		171		(541)
Foreign currency translation adjustments (a)	(1,797)		(273)		(2,070)		$	(35,382)	$	1,422	$	(33,960)
Total change in other comprehensive (loss) income	$	(1,136)	$	(492)	$	(1,628)	$	(35,049)	$	1,497	$	(33,552)

(a) 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 by component for the six months ended July 1, 2023 and July 2, 2022:


(in thousands)	Defined benefit pension plan and other adjustments		Cash flow hedge		Foreign currency translation adjustment		Accumulated other comprehensive loss
Balance at December 31, 2022	$	(2,193)	$	6,596	$	(100,167)	$	(95,764)

Activity in the period	(153)		595		(2,070)		(1,628)
Balance at July 1, 2023	$	(2,346)	$	7,191	$	(102,237)	$	(97,392)


(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)

Amounts reclassified from accumulated other comprehensive loss to earnings for the three and six months ended July 1, 2023 and July 2, 2022 were as follows:


	Three Months Ended				Six Months Ended
(in thousands)	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
Pension and Postemployment plans:
Amortization of prior service and net actuarial (gain) loss	$	(11)	$	198	$	(22)	$	395

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