Shareholders' equity (Tables)

3 Months Ended

Mar. 27, 2022

Reconciliation of Basic to Diluted Weighted Average Common Shares Outstanding

The following table provides a reconciliation of basic to diluted weighted average number of common shares outstanding:


	Three Months Ended
		March 27, 2022	March 28, 2021
Basic		46,876	46,698
Dilutive effect of share-based awards		526	709

Diluted		47,402	47,407

Change in Accumulated Other Comprehensive Income (Loss)

The following tables provide information relating to the changes in accumulated other comprehensive loss, net of tax, for the three months ended March 27, 2022 and March 28, 2021:


	Cash Flow Hedges		Pension and Other Postretirement Benefit Plans		Foreign Currency Translation Adjustment		Accumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2021	$	1,081	$	(138,290)	$	(209,750)	$	(346,959)
Other comprehensive income (loss) before reclassifications	57		246		(23,329)		(23,026)
Amounts reclassified from accumulated other comprehensive income	400		1,340		—		1,740
Net current-period other comprehensive income (loss)	457		1,586		(23,329)		(21,286)

Balance as of March 27, 2022	$	1,538	$	(136,704)	$	(233,079)	$	(368,245)


	Cash Flow Hedges		Pension and Other Postretirement Benefit Plans		Foreign Currency Translation Adjustment		Accumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2020	$	(482)	$	(150,257)	$	(146,559)	$	(297,298)
Other comprehensive (loss) income before reclassifications	(811)		161		(24,075)		(24,725)
Amounts reclassified from accumulated other comprehensive income (loss)	838		1,450		—		2,288
Net current-period other comprehensive income (loss)	27		1,611		(24,075)		(22,437)

Balance as of March 28, 2021	$	(455)	$	(148,646)	$	(170,634)	$	(319,735)

Reclassification of Gain/Losses into Income/Expense, Net of Tax

The following table provides information relating to the location in the statements of operations and amount of reclassifications of losses/(gains) in accumulated other comprehensive (loss) income into expense/(income), net of tax, for the three months ended March 27, 2022 and March 28, 2021:


	Three Months Ended
		March 27, 2022		March 28, 2021
Losses (gains) on foreign exchange contracts:
Cost of goods sold		$	398	$	846
Total before tax		398		846
Taxes (benefit)		2		(8)
Net of tax		400		838
Amortization of pension and other postretirement benefit items (1):
Actuarial losses		2,000		2,143
Prior-service costs		(252)		(251)

Total before tax		1,748		1,892
Tax benefit		(408)		(442)
Net of tax		1,340		1,450
Total reclassifications, net of tax		$	1,740	$	2,288

(1) These accumulated other comprehensive (loss) income components are included in the computation of net benefit expense for pension and other postretirement benefit plans.