Changes in Accumulated Other Comprehensive Income |
Changes in accumulated other comprehensive income, which are presented net of tax, consist of the following:
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Nine Months Ended October 3, 2021 |
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Balance at December 31, 2020, net of tax of $0, $1,910, $(1,126), respectively |
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$ |
25,389 |
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$ |
6,954 |
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$ |
1,173 |
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$ |
33,516 |
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Other comprehensive loss before reclassifications, net of tax of $0, $(516), $0, respectively |
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(26,672 |
) |
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(1,952 |
) |
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— |
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(28,624 |
) |
Amounts reclassified from accumulated other comprehensive income, net of tax of $0, $(186), $(2), respectively |
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— |
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(670 |
) |
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(5 |
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(675 |
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Net current period other comprehensive loss, net of tax of $0 , $(702), $ (2), respectively |
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(26,672 |
) |
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(2,622 |
) |
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(5 |
) |
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(29,299 |
) |
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Balance at October 3, 2021, net of tax of $0, $1,208, $(1,128), respectively |
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$ |
(1,283 |
) |
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$ |
4,332 |
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$ |
1,168 |
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$ |
4,217 |
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Nine Months Ended September 27, 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, $1,410, $0, respectively |
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24,131 |
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5,165 |
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— |
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29,296 |
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Amounts reclassified from accumulated other comprehensive income, net of tax of $0, $(615), $ (1 ), respectively |
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— |
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(2,188 |
) |
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(6 |
) |
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(2,194 |
) |
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Net current period other comprehensive income (loss), net of tax of $0, $795, $(1), respectively |
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24,131 |
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2,977 |
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(6 |
) |
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27,102 |
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Balance at September 27, 2020, net of tax of $0, $1,741, $(1,125), respectively |
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$ |
617 |
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$ |
6,457 |
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$ |
1,174 |
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$ |
8,248 |
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Reclassifications Out of Accumulated Other Comprehensive Income to Statements of Operations |
Reclassifications out of accumulated other comprehensive income to the statement of operations for the three and nine months ended October 3, 2021 and September 27, 2020 were as follows:
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Details about Accumulated Other Comprehensive Income Components |
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Unrealized gains, net of tax of $65, $194, $186, $615, respectively |
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$ |
229 |
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$ |
689 |
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$ |
670 |
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$ |
2,188 |
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Other (income) expense, net |
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Defined benefit postretirement plan: |
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Amortization of prior service credit, net of tax of $0, $0, $2, $1, respectively |
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2 |
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2 |
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5 |
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6 |
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(a) |
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Total reclassifications, net of tax of $65, $194, $188, $616, respectively |
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$ |
231 |
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$ |
691 |
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$ |
675 |
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$ |
2,194 |
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Net income |
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| (a) The amortization of prior service credit is included in the computation of net periodic postretirement benefit cost. See Note Q: “Retirement Plans.”
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