Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 28, 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)


	Nine Months Ended September 28, 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	)		(541	)		(598	)
Amounts reclassified from accumulated other comprehensive loss, net of tax (2)		(2,659	)		—			(2,659	)
Net current period other comprehensive loss	$	(2,716	)	$	(541	)	$	(3,257	)
Ending balance at September 28, 2024	$	—		$	(14,557	)	$	(14,557	)

(1)

Amounts in parentheses indicate debits

(2)

See separate table below for details about these reclassifications


	Nine Months Ended September 30, 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 (loss) before reclassifications, net of tax		1,778			(1,282	)		496
Amounts reclassified from accumulated other comprehensive loss, net of tax (2)		(6,994	)		—			(6,994	)
Net current period other comprehensive loss	$	(5,216	)	$	(1,282	)	$	(6,498	)
Ending balance at September 30, 2023	$	5,507		$	(17,475	)	$	(11,968	)

(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					Nine Months Ended
	September 28,		September 30,			September 28,			September 30,
	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	$	—	$	3,559		$	3,545		$	9,327		Interest expense
		—		3,559			3,545			9,327		(Loss) income before income taxes
		—		(890	)		(886	)		(2,333	)	(Benefit from) provision for income taxes
	$	—	$	2,669		$	2,659		$	6,994		Net (loss) income

(1)

Amounts in parentheses indicate debits to profit/loss