Comprehensive Income and Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 27, 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				Nine Months Ended
	September 27, 2015		September 28, 2014		September 27, 2015		September 28, 2014
	(In thousands)
Net income	$	14,569	$	33,847	$	16,524	$	58,456
Foreign currency translation loss, net of $2.1 million, $0.3 million, $0.0 million, and $0.5 million tax, respectively		(25,249)		(4,175)		(15,056)		(3,914)
Adjustments to pension and postretirement liability, net of $0.5 million, $0.7 million, $1.6 million, and $2.1 million tax, respectively		877		1,111		2,568		3,416
Total comprehensive income (loss)	$	(9,803)	$	30,783	$	4,036	$	57,958

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 loss before reclassifications		(15,056)		-		(15,056)
Amounts reclassified from accumulated other comprehensive income		-		2,568		2,568
Net current period other comprehensive income (loss)		(15,056)		2,568		(12,488)
Balance at September 27, 2015	$	(17,647)	$	(40,872)	$	(58,519)

The following table summarizes the effects of reclassifications from accumulated other comprehensive income (loss) for the nine months ended September 27, 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	$	4,282	(1)
Prior service credit		(107)	(1)
Total before tax		4,175
Tax benefit		(1,607)
Net of tax	$	2,568

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