Accumulated Other Comprehensive Income (Loss) |
L. ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME Changes in accumulated other comprehensive (loss) income, which are presented net of tax, consist of the following:
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Six Months Ended June 28, 2020 |
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Balance at December 31, 2019, net of tax of $0, $946, $(1,124), respectively |
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$ |
(23,514 |
) |
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$ |
3,480 |
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$ |
1,180 |
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$ |
(18,854 |
) |
Other comprehensive income before reclassifications, net of tax of $0, $1,271, $0, respectively |
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7,026 |
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4,830 |
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— |
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11,856 |
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Amounts reclassified from accumulated other comprehensive income, net of tax of $0, $(421), $(1), respectively |
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— |
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(1,499 |
) |
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(3 |
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(1,502 |
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Net current period other comprehensive income (loss), net of tax of $0, $850, $(1), respectively |
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7,026 |
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3,331 |
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(3 |
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10,354 |
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Balance at June 28, 2020, net of tax of $0, $1,796, $(1,125), respectively |
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$ |
(16,488 |
) |
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$ |
6,811 |
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$ |
1,177 |
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$ |
(8,500 |
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Six Months Ended June 30, 2019 |
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Balance at December 31, 2018, net of tax of $0, $(521), $(1,081), respectively |
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$ |
(12,523 |
) |
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$ |
(1,845 |
) |
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$ |
1,328 |
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$ |
(13,040 |
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Other comprehensive income before reclassifications, net of tax of $0, $1,256, $0, respectively |
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983 |
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4,637 |
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— |
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5,620 |
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Amounts reclassified from accumulated other comprehensive income, net of tax of $0, $(26), $(21), respectively |
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— |
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(97 |
) |
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(74 |
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(171 |
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Net current period other comprehensive income (loss), net of tax of $0, $1,230, $(21), respectively |
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983 |
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4,540 |
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(74 |
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5,449 |
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Balance as June 30, 2019, net of tax of $0, $709, $(1,102), respectively |
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$ |
(11,540 |
) |
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$ |
2,695 |
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$ |
1,254 |
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$ |
(7,591 |
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| Reclassifications out of accumulated other comprehensive (loss) income to the statement of operations for the three and six months ended June 28, 2020 and June 30, 2019 were as follows:
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Details about Accumulated Other Comprehensive Income Components |
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Unrealized gains, net of tax of $277, $6, $421, $26, respectively |
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$ |
983 |
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$ |
27 |
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$ |
1,499 |
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$ |
97 |
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Interest income |
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Defined benefit retirement plans: |
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Amortization of prior service credit , net of tax of $0, $11, $1, $21, respectively |
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2 |
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37 |
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3 |
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74 |
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(a) |
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Total reclassifications, net of tax of $277, $17, $422, $47, respectively |
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$ |
985 |
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$ |
64 |
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$ |
1,502 |
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$ |
171 |
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Net income |
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(a) |
The amortization of prior service benefit is included in the computation of net periodic pension cost and postretirement benefit. See Note P: “Retirement Plans.” | |