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Comprehensive Income and Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 30, 2014
Equity [Abstract]  
Comprehensive Income and Accumulated Other Comprehensive Income (Loss)

Note 10: Comprehensive Income and Accumulated Other Comprehensive Income (Loss)

The following table summarizes total comprehensive income:

 

     Three Months Ended  
     March 30, 2014     March 31, 2013  
     (In thousands)  

Net income

    $ 24,594      $ 22,245   

Foreign currency translation loss, net of $1.7 million and $0.0 million tax, respectively

      (12,473 )      (8,526 ) 

Adjustments to pension and postretirement liability, net of $0.7 million and $0.7 million tax, respectively

      1,160        1,173   
  

 

 

    

 

 

  

Total comprehensive income

    $ 13,281      $ 14,892   
  

 

 

    

 

 

  

The accumulated balances related to each component of other comprehensive income (loss), net of tax, are as follows:

 

     Foreign Currency
Translation
Component		     Pension and Other
Postretirement
Benefit Plans		     Accumulated
Other Comprehensive
Income (Loss)		  
     (In thousands)  

Balance at December 31, 2013

    $ 7,796      $ (36,977 )    $ (29,181 ) 

Other comprehensive loss before reclassifications

      (12,473 )      —          (12,473 ) 

Amounts reclassified from accumulated other comprehensive income (loss)

      —          1,160        1,160   
  

 

 

    

 

 

    

 

 

  

Net current period other comprehensive income (loss)

      (12,473 )      1,160        (11,313 ) 
  

 

 

    

 

 

    

 

 

  

Balance at March 30, 2014

    $ (4,677 )    $ (35,817 )    $ (40,494 ) 
  

 

 

    

 

 

    

 

 

  

The following table summarizes the effects of reclassifications from accumulated other comprehensive income (loss) for the three months ended March 30, 2014:

 

     Amount Reclassified from
Accumulated Other
Comprehensive Income
(Loss)		     Affected Line Item in the
Consolidated Statements
of Operations and
Comprehensive Income		  
     (In thousands)        

Amortization of pension and other postretirement benefit plan items:

     

Actuarial losses

    $ 1,912           (1) 

Prior service credit

      (26 )         (1) 
  

 

 

    

Total before tax

      1,886     

Tax benefit

      (726 )   
  

 

 

    

Net of tax

    $ 1,160     
  

 

 

    

 

(1) The amortization of these accumulated other comprehensive income (loss) components are included in the computation of net periodic benefit costs (see Note 9).