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Accumulated Other Comprehensive Income
3 Months Ended
Mar. 29, 2019
Equity [Abstract]  
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss)
Changes in the components of accumulated other comprehensive income, including the amounts reclassified, for the first quarter of 2019 and 2018 are as follows:
 
 
Gains and Losses on Cash Flow Hedges
 
 
 
 
 
 
(Thousands)
 
Foreign Currency
 
Precious Metals
 
Copper
 
Total
 
Pension and Post-Employment Benefits
 
Foreign Currency Translation
 
Total
Balance at December 31, 2018

$
1,263


$
79


$
(441
)
 
$
901


$
(54,543
)

$
(4,592
)

$
(58,234
)
Other comprehensive income before reclassifications

517


(73
)

884

 
1,328




(503
)

825

Amounts reclassified from accumulated other comprehensive income

2


(61
)

(71
)
 
(130
)

660




530

Net current period other comprehensive income (loss) before tax

519


(134
)

813

 
1,198


660


(503
)

1,355

Deferred taxes

119


(31
)

183

 
271


120




391

Net current period other comprehensive income (loss) after tax

400


(103
)

630

 
927


540


(503
)

964

Balance at March 29, 2019

$
1,663


$
(24
)

$
189

 
$
1,828


$
(54,003
)

$
(5,095
)

$
(57,270
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2017
 
$
959

 
$
(196
)
 
$

 
$
763

 
$
(99,592
)
 
$
(4,108
)
 
$
(102,937
)
Other comprehensive income (loss) before reclassifications
 
(1,198
)
 
(191
)
 

 
(1,389
)
 

 
1,113

 
(276
)
Amounts reclassified from accumulated other comprehensive income
 
377

 
136

 

 
513

 
1,626

 

 
2,139

Net current period other comprehensive income (loss) before tax
 
(821
)
 
(55
)
 

 
(876
)
 
1,626

 
1,113

 
1,863

Deferred taxes
 
(188
)
 
(13
)
 

 
(201
)
 
348

 

 
147

Net current period other comprehensive income (loss) after tax
 
(633
)
 
(42
)
 

 
(675
)
 
1,278

 
1,113

 
1,716

Balance at March 30, 2018
 
$
326

 
$
(238
)
 
$

 
$
88

 
$
(98,314
)
 
$
(2,995
)
 
$
(101,221
)

Reclassifications from accumulated other comprehensive income of gains and losses on foreign currency cash flow hedges are recorded in Net sales in the Consolidated Statements of Income. Reclassifications from accumulated other comprehensive income of gains and losses on precious metal cash flow hedges are recorded in Cost of sales in the Consolidated Statements of Income. Refer to Note M for additional details on cash flow hedges.
Reclassifications from accumulated other comprehensive income for pension and post-employment benefits are included in the computation of the net periodic pension and post-employment benefit expense. Refer to Note I for additional details on pension and post-employment expenses.