| 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 30, 2025 | | March 31, 2024 | | | | | | | | | | Basic | 45,782 | | | 47,068 | | | | | | | | | | | Dilutive effect of share-based awards | 144 | | | 326 | | | | | | | | | | | | | | | | | | | | | | | Diluted | 45,926 | | | 47,394 | | | | | | | | | |
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| 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 30, 2025 and March 31, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | Cash Flow Hedges | | Pension and Other Postretirement Benefit Plans | | Foreign Currency Translation Adjustment | | Accumulated Other Comprehensive (Loss) Income | | Balance as of December 31, 2024 | $ | 1,839 | | | $ | 1,838 | | | $ | (320,346) | | | $ | (316,669) | | Other comprehensive (loss) income before reclassifications | (3,800) | | | (923) | | | 26,289 | | | 21,566 | | | Amounts reclassified from accumulated other comprehensive income | 1,704 | | | 320 | | | — | | | 2,024 | | | Net current-period other comprehensive (loss) income | (2,096) | | | (603) | | | 26,289 | | | 23,590 | | | | | | | | | | | Balance as of March 30, 2025 | $ | (257) | | | $ | 1,235 | | | $ | (294,057) | | | $ | (293,079) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | Cash Flow Hedges | | Pension and Other Postretirement Benefit Plans | | Foreign Currency Translation Adjustment | | Accumulated Other Comprehensive (Loss) Income | | Balance as of December 31, 2023 | $ | 1,396 | | | $ | (88,049) | | | $ | (227,752) | | | $ | (314,405) | | | Other comprehensive income (loss) before reclassifications | 2,457 | | | 8,726 | | | (36,669) | | | (25,486) | | | Amounts reclassified from accumulated other comprehensive (loss) income | (1,779) | | | 80,616 | | | — | | | 78,837 | | | Net current-period other comprehensive income | 678 | | | 89,342 | | | (36,669) | | | 53,351 | | | | | | | | | | | Balance as of March 31, 2024 | $ | 2,074 | | | $ | 1,293 | | | $ | (264,421) | | | $ | (261,054) | |
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| 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 (income)/expense, net of tax, for the three months ended March 30, 2025 and March 31, 2024: | | | | | | | | | | | | | | | | | Three Months Ended | | | | March 30, 2025 | | March 31, 2024 | | | | | | (Gains) Loss on foreign exchange contracts: | | | | | | | | Cost of goods sold | $ | 1,588 | | | $ | (1,762) | | | | | | | Total before tax | 1,588 | | | (1,762) | | | | | | | Taxes | 116 | | | (17) | | | | | | | Net of tax | 1,704 | | | (1,779) | | | | | | Pension and other postretirement benefit items (1): | | | | | | Actuarial (gains) losses | 24 | | | 1,201 | | | | | | | Prior-service costs | 385 | | | (492) | | | | | | | Settlements | — | | | 138,139 | | | | | | | Total before tax | 409 | | | 138,848 | | | | | | | Tax benefit | (89) | | | (58,232) | | | | | | | Net of tax | 320 | | | 80,616 | | | | | | | Total reclassifications, net of tax | $ | 2,024 | | | $ | 78,837 | | | | | |
(1) These accumulated other comprehensive (loss) income components are included in the computation of net benefit expense for pension and other postretirement benefit plans.
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