CAPITAL AND ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

3 Months Ended

Mar. 29, 2025

The following table presents deferred components of AOCL in equity, net of related taxes:


(In thousands)	March 2025		December 2024		March 2024
Foreign currency translation	$	(109,432)	$	(115,505)	$	(93,580)
Defined benefit pension plans	2,094		2,119		2,831
Derivative financial instruments	(7,248)		(3,264)		22,517
Accumulated other comprehensive loss	$	(114,586)	$	(116,650)	$	(68,232)

The following tables present changes in AOCL, net of related tax impact:


	Three Months Ended March 2025

(In thousands)	Foreign Currency Translation		Defined Benefit Pension Plans		Derivative Financial Instruments		Total

Balance, December 2024	$	(115,505)	$	2,119	$	(3,264)	$	(116,650)
Other comprehensive income (loss) due to gains (losses) arising before reclassifications	6,073		—		(4,923)		1,150
Reclassifications to net income of previously deferred (gains) losses	—		(25)		939		914
Net other comprehensive income (loss)	6,073		(25)		(3,984)		2,064
Balance, March 2025	$	(109,432)	$	2,094	$	(7,248)	$	(114,586)


	Three Months Ended March 2024

(In thousands)	Foreign Currency Translation		Defined Benefit Pension Plans		Derivative Financial Instruments		Total
Balance, December 2023	$	(91,057)	$	2,913	$	20,293	$	(67,851)
Other comprehensive income (loss) due to gains (losses) arising before reclassifications	(2,523)		—		9,688		7,165
Reclassifications to net income of previously deferred (gains) losses	—		(82)		(7,464)		(7,546)
Net other comprehensive income (loss)	(2,523)		(82)		2,224		(381)
Balance, March 2024	$	(93,580)	$	2,831	$	22,517	$	(68,232)

The following table presents reclassifications out of AOCL:


(In thousands)		Three Months Ended March
Details About Accumulated Other Comprehensive Loss Reclassifications	Affected Line Item in the Financial Statements

		2025		2024
Defined benefit pension plans:
Net change in deferred gains (losses) during the period	Selling, general and administrative expenses	$	33	$	93
Total before tax		33		93
Income taxes	Income taxes	(8)		(11)
Net of tax		25		82
Gains (losses) on derivative financial instruments:
Foreign currency exchange contracts	Net revenues	$	(811)	$	53
Foreign currency exchange contracts	Cost of goods sold	(489)		5,291

Foreign currency exchange contracts	Other expense, net	176		82
Interest rate swap agreements	Interest expense	419		2,731
Total before tax		(705)		8,157
Income taxes	Income taxes	(234)		(693)
Net of tax		(939)		7,464
Total reclassifications for the period, net of tax		$	(914)	$	7,546