XML 40 R24.htm IDEA: XBRL DOCUMENT v3.20.4
Accumulated Other Comprehensive Loss
12 Months Ended
Dec. 26, 2020
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]  
Accumulated Other Comprehensive Loss

Q.

Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss represents amounts of unrecognized actuarial gains or losses related to the Company sponsored defined benefit pension plan and post-retirement medical plan, net of tax effect, and cumulative currency translation adjustments. Changes in accumulated other comprehensive loss represent actuarial losses or gains, net of tax effect, recognized as components of net periodic benefit costs and currency translation adjustments due to tax rate changes in

the period. The following table details the changes in accumulated other comprehensive loss for 2020, 2019, and 2018 (in thousands):

 

 

 

Accumulated

Other

Comprehensive

(Loss) Income

 

Balance at December 30, 2017

 

$

(1,288

)

Deferred pension and other post-retirement benefit costs,

   net of taxes of $64

 

 

191

 

Amortization of Deferred benefit costs, net of taxes of $29

 

 

86

 

One time effect of adoption of ASU 2018-02,

   Reclassification of Certain Tax Effects from

   Accumulated Other Comprehensive Income

 

 

(211

)

Currency translation adjustment

 

 

25

 

Balance at December 29, 2018

 

$

(1,197

)

Deferred pension and other post-retirement benefit costs,

   net of taxes of $150

 

 

(442

)

Amortization of Deferred benefit costs, net of taxes of $26

 

 

(77

)

Currency translation adjustment

 

 

47

 

Balance at December 28, 2019

 

$

(1,669

)

Deferred pension and other post-retirement benefit costs,

   net of tax benefit of $502

 

 

1,611

 

Amortization of Deferred benefit costs, net of taxes of $35

 

 

(219

)

Currency translation adjustment

 

 

25

 

Balance at December 26, 2020

 

$

(252

)