Accumulated Other Comprehensive Income

9 Months Ended

Sep. 27, 2014

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income

Note 10 – Accumulated Other Comprehensive Income

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

	For the Nine Months Ended September 27, 2014
(In thousands)		Cumulative Translation Adjustment			Unrealized (Losses)/Gains on Derivatives			Minimum Pension/OPEB Liability Adjustment			Unrealized Gains on Equity Investments		Total
Beginning balance		$	(462	)	$	1,546		$	(12,158	)	$	255	$	(10,819	)
Other comprehensive income (loss) before reclassifications			(3,337	)		(1,652	)		143			7		(4,839	)
Amounts reclassified from AOCI			—			2			347			—		349
Net current-period other comprehensive income			(3,337	)		(1,650	)		490			7		(4,490	)
Ending balance		$	(3,799	)	$	(104	)	$	(11,668	)	$	262	$	(15,309	)

	For the Nine Months Ended September 28, 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 (loss) before reclassifications			211			4,314			79			105		4,709
Amounts reclassified from AOCI			—			(3,309	)		1,896			—		(1,413	)
Net current-period other comprehensive income			211			1,005			1,975			105		3,296
Ending balance		$	(2,822	)	$	839		$	(37,552	)	$	208	$	(39,327	)

Reclassification adjustments out of AOCI were as follows:

	Amount reclassified from AOCI
	For the Quarter Ended
(In thousands)	Sept. 27, 2014			Sept. 28, 2013			Affected line item
Unrealized losses/(gains) on derivatives:
Commodity contracts	$	(214	)	$	1,046		Cost of goods sold
Foreign currency contracts		(71	)		—		Property, plant, and equipment, net
		65			(258	)	Income tax benefit (expense)
		(220	)		788		Net of tax
		—			—		Noncontrolling interest
	$	(220	)	$	788		Net of tax and noncontrolling  interest
Amortization of employee benefit items:
Amortization of net loss and prior service cost	$	134		$	946		Selling, general, and administrative  expense
		(19	)		(318	)	Income tax expense
		115			628		Net of tax
		—			—		Noncontrolling interest
	$	115		$	628		Net of tax and noncontrolling  interest

	Amount reclassified from AOCI
	For the Nine Months Ended
(In thousands)	Sept. 27, 2014			Sept. 28, 2013			Affected line item
Unrealized losses/(gains) on derivatives:
Commodity contracts	$	351		$	4,922		Cost of goods sold
Foreign currency contracts		(446	)		—		Property, plant, and equipment, net
		97			(1,613	)	Income tax benefit (expense)
		2			3,309		Net of tax
		—			—		Noncontrolling interest
	$	2		$	3,309		Net of tax and noncontrolling  interest
Amortization of employee benefit items:
Amortization of net loss and prior service cost	$	401		$	2,835		Selling, general, and administrative expense
		(54	)		(939	)	Income tax expense
		347			1,896		Net of tax
		—			—		Noncontrolling interest
	$	347		$	1,896		Net of tax and noncontrolling interest