Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 29, 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)


	Six Months Ended June 29, 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	)		(3,379	)		(3,436	)
Amounts reclassified from accumulated other comprehensive loss, net of tax (2)		(2,659	)		—			(2,659	)
Net current period other comprehensive loss	$	(2,716	)	$	(3,379	)	$	(6,095	)
Ending balance at June 29, 2024	$	—		$	(17,395	)	$	(17,395	)

(1)

Amounts in parentheses indicate debits

(2)

See separate table below for details about these reclassifications


	Six Months Ended July 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 income before reclassifications, net of tax		1,569			697			2,266
Amounts reclassified from accumulated other comprehensive loss, net of tax (2)		(4,325	)		—			(4,325	)
Net current period other comprehensive (loss) income	$	(2,756	)	$	697		$	(2,059	)
Ending balance at July 1, 2023	$	7,967		$	(15,496	)	$	(7,529	)

(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					Six Months Ended
	June 29,		July 1,			June 29,			July 1,
	2024		2023			2024			2023
Details about Other Comprehensive Loss Components	Amounts Reclassified from Accumulated Other Comprehensive Loss					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	$	—	$	3,190		$	3,545		$	5,768		Interest expense
		—		3,190			3,545			5,768		Income (loss) before income taxes
		—		(798	)		(886	)		(1,443	)	(Benefit from) provision for income taxes
	$	—	$	2,392		$	2,659		$	4,325		Net income (loss)

(1)

Amounts in parentheses indicate debits to profit/loss