Accumulated Other Comprehensive Income

3 Months Ended

Mar. 30, 2013

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income

Note 10 – Accumulated Other Comprehensive Income

During the first quarter of 2013, the Company adopted ASU No. 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (ASU 2013-02). Under ASU 2013-02, an entity is required to provide information about the amounts reclassified out of accumulated OCI by component. In addition, an entity is required to present significant amounts reclassified out of accumulated OCI by the respective line items of net income.

Changes in accumulated OCI by component, net of taxes and noncontrolling interest, were as follows:

	For the Quarter Ended March 30, 2013
(In thousands)		Cumulative translation adjustment			Unrealized (losses)/gains on derivatives			Minimum pension/OPEB liability adjustment			Unrealized gains on equity investments		Total
Beginning balance		$	(3,033	)	$	(166	)	$	(39,527	)	$	103	$	(42,623	)
Other comprehensive income before reclassifications			(5,290	)		(1,650	)		890			41		(6,009	)
Amounts reclassified from accumulated OCI			—			(74	)		649			—		575
Net current-period other comprehensive income			(5,290	)		(1,724	)		1,539			41		(5,434	)
Ending balance		$	(8,323	)	$	(1,890	)	$	(37,988	)	$	144	$	(48,057	)

Reclassification adjustments out of accumulated OCI were as follows:

	For the Quarter Ended March 30, 2013
(In thousands)	Amount reclassified from Accumulated OCI			Affected line item
Unrealized gains on derivatives:
Closed positions, commodity contracts	$	(90	)	Cost of goods sold
		16		Income tax expense
		(74	)	Net of tax
		—		Noncontrolling interest
	$	(74	)	Net of tax and noncontrolling interest
Amortization of employee benefit items:
Amortization of net loss	$	968		Selling, general, and administrative expense
		(319	)	Income tax expense
		649		Net of tax
		—		Noncontrolling interest
	$	649		Net of tax and noncontrolling interest