Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 30, 2024

13.

Accumulated Other Comprehensive Loss

Amounts reclassified out of accumulated other comprehensive loss were as follows:

Changes in Accumulated Other Comprehensive Loss by Component (1)


	Three Months Ended March 30, 2024
	Gain on Qualifying Hedges			Loss on Foreign Currency Translation			Total
Beginning balance at December 30, 2023	$	2,716		$	(14,016	)	$	(11,300	)
Other comprehensive loss before reclassifications, net of tax		(57	)		(2,903	)		(2,960	)
Amounts reclassified from accumulated other comprehensive loss, net of tax (2)		(2,659	)		—			(2,659	)
Net current period other comprehensive loss	$	(2,716	)	$	(2,903	)	$	(5,619	)
Ending balance at March 30, 2024	$	—		$	(16,919	)	$	(16,919	)

(1)

Amounts in parentheses indicate debits

(2)

See separate table below for details about these reclassifications


	Three Months Ended April 1, 2023
	Gain on Qualifying Hedges			Loss on Foreign Currency Translation			Total
Beginning balance at December 31, 2022	$	10,723		$	(16,193	)	$	(5,470	)
Other comprehensive (loss) income before reclassifications, net of tax		(415	)		85			(330	)
Amounts reclassified from accumulated other comprehensive loss, net of tax (2)		(1,933	)		—			(1,933	)
Net current period other comprehensive (loss) income	$	(2,348	)	$	85		$	(2,263	)
Ending balance at April 1, 2023	$	8,375		$	(16,108	)	$	(7,733	)

(1)

Amounts in parentheses indicate debits

(2)

See separate table below for details about these reclassifications

Reclassifications out of Accumulated Other Comprehensive Loss (1)


	Three Months Ended
	March 30,			April 1,
	2024			2023
Details about Other Comprehensive Loss Components	Amounts Reclassified from Accumulated Other Comprehensive Loss						Affected Line Item in the Statement Where Net Income is Presented
Gain on Qualifying Hedges
Interest rate contracts	$	3,545		$	2,578		Interest expense
		3,545			2,578		Loss before income taxes
		(886	)		(645	)	Provision for income taxes
	$	2,659		$	1,933		Net loss

(1)

Amounts in parentheses indicate debits to profit/loss