| Summary of Accumulated Other Comprehensive (Loss) |
Following is a summary of AOCI(L) for the second quarter of 2026 and the second quarter of 2025:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gains (Losses) During the Period | | Reclassification to Income | | | | (in thousands) | | April 3, 2026 | | Pre-tax Activity | | Tax Effect | | Pre-tax Activity | | Tax Effect | | July 3, 2026 | | Net pension activity: | | | | | | | | | | | | | | Actuarial gain | | $ | 4,439 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 4,439 | | | Prior service costs | | (161) | | | — | | | — | | | 8 | | | (2) | | | (155) | | | Net postretirement benefits activity: | | | | | | | | | | | | | | Actuarial loss | | (4,660) | | | — | | | — | | | 244 | | | (60) | | | (4,476) | | | Prior service costs | | (624) | | | — | | | — | | | — | | | — | | | (624) | | | Interest rate swaps | | 1,148 | | | 1,286 | | | (316) | | | — | | | — | | | 2,118 | | | Reclassification of stranded tax effects | | (4,809) | | | — | | | — | | | — | | | — | | | (4,809) | | | Total AOCI(L) | | $ | (4,667) | | | $ | 1,286 | | | $ | (316) | | | $ | 252 | | | $ | (62) | | | $ | (3,507) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gains (Losses) During the Period | | Reclassification to Income | | | | (in thousands) | | March 28, 2025 | | Pre-tax Activity | | Tax Effect | | Pre-tax Activity | | Tax Effect | | June 27, 2025 | | Net pension activity: | | | | | | | | | | | | | | Actuarial gain | | $ | 4,412 | | | $ | — | | | $ | — | | | $ | (9) | | | $ | 3 | | | $ | 4,406 | | | Prior service costs | | (82) | | | — | | | — | | | 4 | | | (1) | | | (79) | | | Net postretirement benefits activity: | | | | | | | | | | | | | | Actuarial gain | | 2,960 | | | — | | | — | | | — | | | — | | | 2,960 | | | Prior service costs | | (624) | | | — | | | — | | | — | | | — | | | (624) | | | Unrealized gain (loss) on short-term investments | | 14 | | | (37) | | | 8 | | | — | | | — | | | (15) | | | Reclassification of stranded tax effects | | (4,809) | | | — | | | — | | | — | | | — | | | (4,809) | | | Total AOCI(L) | | $ | 1,871 | | | $ | (37) | | | $ | 8 | | | $ | (5) | | | $ | 2 | | | $ | 1,839 | |
Following is a summary of AOCI(L) for the first half of 2026 and the first half of 2025:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gains (Losses) During the Period | | Reclassification to Income | | | | (in thousands) | | December 31, 2025 | | Pre-tax Activity | | Tax Effect | | Pre-tax Activity | | Tax Effect | | July 3, 2026 | | Net pension activity: | | | | | | | | | | | | | | Actuarial gain | | $ | 4,439 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 4,439 | | | Prior service costs | | (167) | | | — | | | — | | | 17 | | | (5) | | | (155) | | | Net postretirement benefits activity: | | | | | | | | | | | | — | | | Actuarial loss | | (4,844) | | | — | | | — | | | 487 | | | (119) | | | (4,476) | | | Prior service costs | | (624) | | | — | | | — | | | — | | | — | | | (624) | | | Interest rate swaps | | — | | | 2,807 | | | (689) | | | — | | | — | | | 2,118 | | | Reclassification of stranded tax effects | | (4,809) | | | — | | | — | | | — | | | — | | | (4,809) | | | Total AOCI(L) | | $ | (6,005) | | | $ | 2,807 | | | $ | (689) | | | $ | 504 | | | $ | (124) | | | $ | (3,507) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gains (Losses) During the Period | | Reclassification to Income | | | | (in thousands) | | December 31, 2024 | | Pre-tax Activity | | Tax Effect | | Pre-tax Activity | | Tax Effect | | June 27, 2025 | | Net pension activity: | | | | | | | | | | | | | | Actuarial gain | | $ | 4,418 | | | $ | — | | | $ | — | | | $ | (18) | | | $ | 6 | | | $ | 4,406 | | | Prior service costs | | (85) | | | — | | | — | | | 8 | | | (2) | | | (79) | | | Net postretirement benefits activity: | | | | | | | | | | | | | | Actuarial gain | | 2,960 | | | — | | | — | | | — | | | — | | | 2,960 | | | Prior service costs | | (624) | | | — | | | — | | | — | | | — | | | (624) | | | Unrealized gain (loss) on short-term investments | | 25 | | | (51) | | | 11 | | | — | | | — | | | (15) | | | Reclassification of stranded tax effects | | (4,809) | | | — | | | — | | | — | | | — | | | (4,809) | | | Total AOCI(L) | | $ | 1,885 | | | $ | (51) | | | $ | 11 | | | $ | (10) | | | $ | 4 | | | $ | 1,839 | |
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