Comprehensive Income and Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 29, 2015

Equity [Abstract]

Comprehensive Income and Accumulated Other Comprehensive Income (Loss)

Note 11:  Comprehensive Income and Accumulated Other Comprehensive Income (Loss)

The following table summarizes total comprehensive income (loss):

	Three Months Ended
	March 29, 2015		March 30, 2014
	(In thousands)
Net income (loss)	$	(19,636)	$	24,594
Foreign currency translation income (loss), net of $1.7 million and $1.7 million tax, respectively		13,065		(12,473)
Adjustments to pension and postretirement liability, net of $0.5 million and $0.7 million tax, respectively		848		1,160
Total comprehensive income (loss)	$	(5,723)	$	13,281

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, 2014	$	(2,591)	$	(43,440)	$	(46,031)
Other comprehensive income before reclassifications		13,065		-		13,065
Amounts reclassified from accumulated other comprehensive income		-		848		848
Net current period other comprehensive income		13,065		848		13,913
Balance at March 29, 2015	$	10,474	$	(42,592)	$	(32,118)

The following table summarizes the effects of reclassifications from accumulated other comprehensive loss for the three months ended March 29, 2015:

	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	$	1,414	(1)
Prior service credit		(36)	(1)
Total before tax		1,378
Tax benefit		(530)
Net of tax	$	848

(1)  The amortization of these accumulated other comprehensive income (loss) components are included in the computation of net periodic benefit costs (see Note 10).