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SUPPLEMENTAL EQUITY INFORMATION (Tables)
6 Months Ended
Jun. 28, 2020
SUPPLEMENTAL EQUITY INFORMATION  
Schedule of components of accumulated other comprehensive loss, net of tax

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Other

    

 

 

 

 

 

Minimum

 

Comprehensive

 

 

 

 

 

 

Pension and

 

Loss

 

 

 

 

 

 

Post-

 

Related to

 

 

 

 

 

 

Retirement

 

Equity

 

 

 

 

(in thousands)

 

Liability

 

Investments

 

Total

 

Balance at December 29, 2019

 

$

(567,670)

 

$

(8,469)

 

$

(576,139)

 

Other comprehensive income (loss) before reclassifications

 

 

 —

 

 

966

 

 

966

 

Amounts reclassified from AOCL

 

 

13,469

 

 

 —

 

 

13,469

 

Other comprehensive income

 

 

13,469

 

 

966

 

 

14,435

 

Balance at June 28, 2020

 

$

(554,201)

 

$

(7,503)

 

$

(561,704)

 

 

Schedule of reclassification out of accumulated other comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amount Reclassified from AOCL

 

Amount Reclassified from AOCL

 

 

 

    

Quarters Ended

 

Six Months Ended

    

 

(in thousands)

 

June 28,

 

June 30,

 

June 28,

 

June 30,

 

Affected Line in the Condensed

AOCL Component

    

2020

    

2019

    

2020

 

2019

 

Consolidated Statements of Operations

Minimum pension and post-retirement liability

 

$

6,734

 

$

5,441

 

$

13,469

   

$

10,248

 

Retirement benefit expense (1)

_____________________

(1) There is no income tax benefit associated with the quarters and six months ended June 28, 2020, or June 30, 2019, due to the recognition of a valuation allowance. 

Summary of the restricted stock units ("RSUs") activity

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

Average Grant

 

 

 

 

Date Fair

 

    

RSUs

    

Value

Nonvested — December 29, 2019

 

413,466

 

$

7.00

Vested

 

(217,958)

 

$

7.46

Forfeited

 

(975)

 

$

6.46

Nonvested — June 28, 2020

 

194,533

 

$

6.48

 

Summary of the stock appreciation rights ("SARs") activity

The following table summarizes the stock appreciation rights (“SARs”) activity during the six months ended June 28, 2020: 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Weighted

    

Aggregate

 

 

 

 

Average

 

Intrinsic Value

 

    

SARs

    

Exercise Price

    

(in thousands)

Outstanding December 29, 2019

 

88,875

 

$

31.61

 

$

 —

Expired

 

(9,125)

 

$

33.78

 

 

 

Outstanding June 28, 2020

 

79,750

 

$

31.36

 

$

 —

 

Summary of stock-based compensation expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarters Ended

 

Six Months Ended

 

 

June 28,

 

June 30,

 

June 28,

 

June 30,

(in thousands)

 

2020

 

2019

 

2020

 

2019

Stock-based compensation expense

    

$

368

    

$

303

    

$

774

 

$

966

 

Summary of anti-dilutive stock options

 

 

 

 

 

 

 

 

 

 

 

Quarters Ended

 

Six Months Ended

 

 

June 28,

 

June 30,

 

June 28,

 

June 30,

(shares in thousands)

 

2020

 

2019

 

2020

 

2019

Anti-dilutive common stock equivalents

    

260

    

511

    

310

 

464