Accumulated Other Comprehensive Income

3 Months Ended

Apr. 02, 2016

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income

Note 9 – Accumulated Other Comprehensive Income

AOCI includes certain foreign currency translation adjustments from those subsidiaries not using the U.S. dollar as their functional currency, net deferred gains and losses on certain derivative instruments accounted for as cash flow hedges, adjustments to pension and OPEB liabilities, and unrealized gains and losses on marketable securities classified as available-for-sale.

The following table provides changes in AOCI by component, net of taxes and noncontrolling interest (amounts in parentheses indicate debits to AOCI):

	For the Quarter Ended April 2, 2016
(In thousands)	Cumulative Translation Adjustment			Unrealized (Losses)/Gains on Derivatives			Minimum Pension/OPEB Liability Adjustment			Unrealized Gains on Equity Investments		Total
Balance at December 26, 2015	$	(24,773	)	$	(2,009	)	$	(28,429	)	$	221	$	(54,990	)
Other comprehensive income (loss) before reclassifications		(337	)		457			760			14		894
Amounts reclassified from accumulated OCI		—			137			412			—		549
Net current-period other comprehensive income		(337	)		594			1,172			14		1,443
Balance at April 2, 2016	$	(25,110	)	$	(1,415	)	$	(27,257	)	$	235	$	(53,547	)

	For the Quarter Ended March 28, 2015
(In thousands)	Cumulative Translation Adjustment			Unrealized (Losses)/Gains on Derivatives			Minimum Pension/OPEB Liability Adjustment			Unrealized Gains on Equity Investments			Total
Balance at December 27, 2014	$	(7,076	)	$	(953	)	$	(35,164	)	$	270		$	(42,923	)
Other comprehensive income (loss) before reclassifications		(7,697	)		(837	)		895			(27	)		(7,666	)
Amounts reclassified from accumulated OCI		—			639			521			—			1,160
Net current-period other comprehensive income		(7,697	)		(198	)		1,416			(27	)		(6,506	)
Balance at March 28, 2015	$	(14,773	)	$	(1,151	)	$	(33,748	)	$	243		$	(49,429	)

Reclassification adjustments out of AOCI were as follows:

	Amount reclassified from AOCI
	For the Quarter Ended
(In thousands)	April 2, 2016			March 28, 2015			Affected line item
Unrealized losses/(gains) on derivatives:
Commodity contracts	$	237		$	762		Cost of goods sold
Interest rate swap		108			106		Interest expense
		(208	)		(229	)	Income tax expense
		137			639		Net of tax
		—			—		Noncontrolling interest
	$	137		$	639		Net of tax and noncontrolling   interest
Amortization of net loss and prior service cost on employee benefit plans	$	552		$	719		Selling, general, and administrative   expense
		(140	)		(198	)	Income tax expense
		412			521		Net of tax
		—			—		Noncontrolling interest
	$	412		$	521		Net of tax and noncontrolling   interest