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Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jul. 04, 2020
Accumulated Other Comprehensive Income (Loss) [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Note 8 – Accumulated Other Comprehensive Income (Loss)

The cumulative balance of each component of other comprehensive income (loss) and the income tax effects allocated to each component are as follows:

  
Pension and
other post-
retirement
actuarial
items
    
Currency
translation
adjustment
    
Total
  
Balance at January 1, 2020
  
$
(68,020
)
  
$
41,374
    
$
(26,646
)
Other comprehensive income before reclassifications
    
-
      
(3,041
)
  
$
(3,041
)
Tax effect
    
-
      
-
    
$
-
  
Other comprehensive income before reclassifications, net of tax
    
-
      
(3,041
)
  
$
(3,041
)
Amounts reclassified out of AOCI
    
4,442
      
-
    
$
4,442
  
Tax effect
    
(1,081
)
    
-
    
$
(1,081
)
Amounts reclassified out of AOCI, net of tax
    
3,361
      
-
    
$
3,361
  
Net other comprehensive income
  
$
3,361
    
$
(3,041
)
  
$
320
  
Balance at July 4, 2020
  
$
(64,659
)
  
$
38,333
    
$
(26,326
)

Reclassifications of pension and other post-retirement actuarial items out of AOCI are included in the computation of net periodic benefit cost.  See Note 9 for further information.