Other Comprehensive (Loss) Income (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Components of Comprehensive (Loss) Income

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


(in thousands)	Three Months Ended September 30, 2023						Three Months Ended October 1, 2022
	Pre-tax		Tax		Net of Tax		Pre-tax		Tax		Net of Tax
Defined benefit pension plan and other adjustments	$	(3)	$	—	$	(3)	$	673	$	(74)	$	599
Cash flow hedge	2,034		(488)		1,546		10,012		(2,403)		7,609
Foreign currency translation adjustments (a)	(4,301)		624		(3,677)		(37,289)		893		(36,396)
Total change in other comprehensive (loss) income	$	(2,270)	$	136	$	(2,134)	$	(26,604)	$	(1,584)	$	(28,188)

(in thousands)	Nine Months Ended September 30, 2023						Nine Months Ended October 1, 2022
	Pre-tax		Tax		Net of Tax		Pre-tax		Tax		Net of Tax
Defined benefit pension plan and other adjustments	$	(125)	$	(31)	$	(156)	$	1,718	$	(170)	$	1,548
Cash flow hedge	2,817		(676)		2,141		9,300		(2,232)		7,068
Foreign currency translation adjustments (a)	(6,098)		351		(5,747)		(72,671)		2,315		(70,356)
Total change in other comprehensive loss	$	(3,406)	$	(356)	$	(3,762)	$	(61,653)	$	(87)	$	(61,740)

(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.

Schedule of Accumulated Other Comprehensive (Loss) Income

The following tables set forth the changes in accumulated other comprehensive loss by component for the nine months ended September 30, 2023 and October 1, 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	(156)		2,141		(5,747)		(3,762)
Balance at September 30, 2023	$	(2,349)	$	8,737	$	(105,914)	$	(99,526)


(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	1,548		7,068		(70,356)		(61,740)
Balance at October 1, 2022	$	(10,380)	$	7,068	$	(131,891)	$	(135,203)

Amounts reclassified from accumulated other comprehensive loss to earnings for the three and nine months ended September 30, 2023 and October 1, 2022 were as follows:


	Three Months Ended				Nine Months Ended
(in thousands)	September 30, 2023		October 1, 2022		September 30, 2023		October 1, 2022
Pension and Postemployment plans:
Amortization of prior service and net actuarial (gain) loss	$	(11)	$	193	$	(33)	$	588