Accumulated Other Comprehensive Income

6 Months Ended

Jul. 03, 2022

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)
Six Months Ended July 3, 2022
Balance at December 31, 2021, net of tax of $0, $1,055, $(1,128), $0, respectively	$	(10,818	)	$	3,704		$	1,166		$	(5,948	)
Other comprehensive loss before reclassifications, net of tax of $0, $(2,573), $0, respectively		(37,307	)		(9,910	)		—		$	(47,217	)
Amounts reclassified from accumulated other comprehensive income, net of tax of $0, $59, $(1), respectively		—			209			(3	)		206
Net current period other comprehensive loss, net of tax of $0, $(2,514), $(1), respectively		(37,307	)		(9,701	)		(3	)		(47,011	)
Balance at July 3, 2022, net of tax of $0, $(1,459), $(1,129), respectively	$	(48,125	)	$	(5,997	)	$	1,163		$	(52,959	)
Six Months Ended July 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, $(472), $0, respectively		(15,974	)		(1,776	)		—			(17,750	)
Amounts reclassified from accumulated other comprehensive income, net of tax of $0, $(121), $(1), respectively		—			(441	)		(3	)		(444	)
Net current period other comprehensive loss, net of tax of $0, $(593), $(1), respectively		(15,974	)		(2,217	)		(3	)		(18,194	)
Balance at July 4, 2021, net of tax of $0, $1,317, $(1,127), respectively	$	9,415		$	4,737		$	1,170		$	15,322

Reclassifications out of accumulated other comprehensive income (loss) to the statement of operations for the three and six months ended July 3, 2022 and July 4, 2021 were as follows:

Details about Accumulated Other Comprehensive Income (Loss) Components	For the Three Months Ended						For the Six Months Ended					Affected Line Item in the Statements of Operations
	July 3, 2022			July 4, 2021			July 3, 2022			July 4, 2021
	(in thousands)
Available-for-sale marketable securities:
Unrealized (losses) gains, net of tax of $(77), $(2), $(59), $121, respectively	$	(274	)	$	(3	)	$	(209	)	$	441	Other (income) expense, net
Defined benefit postretirement plan:
Amortization of prior service credit, net of tax of $0, $0, $1, $1, respectively		2			2			3			3	(a)
Total reclassifications, net of tax of $(77), $(2), $(58), $122, respectively	$	(272	)	$	(1	)	$	(206	)	$	444	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.”