Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Apr. 04, 2021

Accumulated Other Comprehensive Income (Loss)

L. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Changes in accumulated other comprehensive income (loss), which are presented net of tax, consist of the following:

	Foreign Currency Translation Adjustment			Unrealized Gains (Losses) on Marketable Securities			Retirement Plans Prior Service Credit			Total
	(in thousands)
Three Months Ended April 4, 2021
Balance at December 31, 2020, net of tax of $0, $1,910, $(1,126), respectively	$	25,389		$	6,954		$	1,173		$	33,516
Other comprehensive loss before reclassifications, net of tax of $0, $(908), $0, respectively		(21,123	)		(3,270	)		—			(24,393	)
Amounts reclassified from accumulated other comprehensive income, net of tax of $0, $(123), $0, respectively		—			(444	)		(2	)		(446	)
Net current period other comprehensive loss, net of tax of $0, $(1,031), $0, respectively		(21,123	)		(3,714	)		(2	)		(24,839	)
Balance at April 4, 2021, net of tax of $0, $879, $(1,126), respectively	$	4,266		$	3,240		$	1,171		$	8,677
Three Months Ended March 29, 2020
Balance at December 31, 2019, net of tax of $0, $946, $(1,124), respectively	$	(23,514	)	$	3,480		$	1,180		$	(18,854	)
Other comprehensive (loss) income before reclassifications, net of tax of $0, $187, $0, respectively		(8,779	)		1,037			—			(7,742	)
Amounts reclassified from accumulated other comprehensive income, net of tax of $0, $(145), $0, respectively		—			(515	)		(2	)		(517	)
Net current period other comprehensive (loss) income, net of tax of $0, $42, $0, respectively		(8,779	)		522			(2	)		(8,259	)
Balance at March 29, 2020, net of tax of $0, $988, $(1,124), respectively	$	(32,293	)	$	4,002		$	1,178		$	(27,113	)

Reclassifications out of accumulated other comprehensive income (loss) to the statement of operations for the three months ended April 4, 2021 and March 29, 2020 were as follows:

Details about Accumulated Other Comprehensive Income Components	For the Three Months Ended				Affected Line Item in the Statements of Operations
	April 4,		March 29,
	2021		2020
	(in thousands)
Available-for-sale marketable securities:
Unrealized gains, net of tax of $123, $145, respectively	$	444	$	515	Other (income) expense, net
Defined benefit postretirement plan:
Amortization of prior service credit, net of tax of $0, $0, respectively		2		2	(a)
Total reclassifications, net of tax of $123, $145, respectively	$	446	$	517	Net income

(a) The amortization of prior service credit is included in the computation of net periodic postretirement benefit cost. See Note P: “Retirement Plans.”