Schedule of Accumulated Other Comprehensive Loss |
| | | | | | | | | | | | | Six Months Ended | | June 28, 2025 | | June 29, 2024 | Unrecognized components of employee benefit plans, net of tax | | | | Balance, beginning of period | $ | (21,060) | | | $ | (33,537) | | Other comprehensive income before reclassifications | — | | | 3,371 | | Income tax on other comprehensive income | — | | | (901) | | Reclassifications to earnings(a) | | | | Amortization of gain | (373) | | | (391) | | Amortization of prior service cost | 125 | | | 359 | | Income tax on reclassifications | 50 | | | 10 | | Net comprehensive income (loss) on employee benefit plans, net of tax | (198) | | | 2,448 | | Balance, end of period | (21,258) | | | (31,089) | | | | | | Unrealized loss on derivative instruments, net of tax | | | | Balance, beginning of period | (222) | | | (373) | | Reclassifications to earnings - foreign currency exchange contracts(b) | 70 | | | 92 | | Income tax on reclassifications | (9) | | | (12) | | Comprehensive income on derivative instruments, net of tax | 61 | | | 80 | | Balance, end of period | (161) | | | (293) | | | | | | Foreign currency translation | | | | Balance, beginning of period | (24,387) | | | (12,007) | | Foreign currency translation adjustment, net of tax(c) | 24,389 | | | (6,488) | | Balance, end of period | 2 | | | (18,495) | | | | | | Accumulated other comprehensive loss, end of period | $ | (21,417) | | | $ | (49,877) | |
(a)The AOCI components for defined benefit pension and post-retirement plans are included in the computation of net periodic benefit cost. See Note 15—Employee Benefit Plans for further information. (b)Reclassifications of foreign currency exchange contracts are recorded in “cost of sales,” “other operating income (expense), net” or “other income (expense), net,” as appropriate. (c)Foreign currency translation is net of tax effects of $0 for all periods presented, as the French operations are taxed on the foreign functional currency, not the translated reporting currency.
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