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Accumulated Other Comprehensive Income
6 Months Ended
Jun. 28, 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 second quarter of 2019 and 2018 and first six months 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 March 29, 2019

$
1,663


$
(24
)

$
189

 
$
1,828


$
(54,003
)

$
(5,095
)

$
(57,270
)
Other comprehensive income before reclassifications

(269
)

(563
)

(580
)
 
(1,412
)

14,224


339


13,151

Amounts reclassified from accumulated other comprehensive income

(46
)

(1
)

163

 
116


3,781




3,897

Net current period other comprehensive income (loss) before tax

(315
)

(564
)

(417
)
 
(1,296
)

18,005


339


17,048

Deferred taxes

(72
)

(130
)

(94
)
 
(296
)

4,052




3,756

Net current period other comprehensive income (loss) after tax

(243
)

(434
)

(323
)
 
(1,000
)

13,953


339


13,292

Balance at June 28, 2019

$
1,420


$
(458
)

$
(134
)
 
$
828


$
(40,050
)

$
(4,756
)

$
(43,978
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at March 30, 2018
 
$
326

 
$
(238
)
 
$

 
$
88

 
$
(98,314
)
 
$
(2,995
)
 
$
(101,221
)
Other comprehensive income (loss) before reclassifications
 
871

 
635

 

 
1,506

 

 
(944
)
 
562

Amounts reclassified from accumulated other comprehensive income
 
42

 
23

 

 
65

 
1,622

 

 
1,687

Net current period other comprehensive income (loss) before tax
 
913

 
658

 

 
1,571

 
1,622

 
(944
)
 
2,249

Deferred taxes
 
(343
)
 
151

 

 
(192
)
 
326

 

 
134

Net current period other comprehensive income (loss) after tax
 
1,256

 
507

 

 
1,763

 
1,296

 
(944
)
 
2,115

Balance at June 29, 2018
 
$
1,582

 
$
269

 
$

 
$
1,851

 
$
(97,018
)
 
$
(3,939
)
 
$
(99,106
)





 
 
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
 
248

 
(636
)
 
304

 
(84
)
 
14,224

 
(164
)
 
13,976

Amounts reclassified from accumulated other comprehensive income
 
(44
)
 
(62
)
 
92

 
(14
)
 
4,441

 

 
4,427

Net current period other comprehensive income (loss) before tax
 
204

 
(698
)
 
396

 
(98
)
 
18,665

 
(164
)
 
18,403

Deferred taxes
 
47

 
(161
)
 
89

 
(25
)
 
4,172

 

 
4,147

Net current period other comprehensive income (loss) after tax
 
157

 
(537
)
 
307

 
(73
)
 
14,493

 
(164
)
 
14,256

Balance at June 28, 2019
 
$
1,420

 
$
(458
)
 
$
(134
)
 
$
828

 
$
(40,050
)
 
$
(4,756
)
 
$
(43,978
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2017
 
$
959

 
$
(196
)
 
$

 
$
763

 
$
(99,592
)
 
$
(4,108
)
 
$
(102,937
)
Other comprehensive income (loss) before reclassifications
 
(327
)
 
444

 

 
117

 

 
169

 
286

Amounts reclassified from accumulated other comprehensive income
 
419

 
159

 

 
578

 
3,248

 

 
3,826

Net current period other comprehensive income (loss) before tax
 
92

 
603

 

 
695

 
3,248

 
169

 
4,112

Deferred taxes
 
(531
)
 
138

 

 
(393
)
 
674

 

 
281

Net current period other comprehensive income (loss) after tax
 
623

 
465

 

 
1,088

 
2,574

 
169

 
3,831

Balance at June 29, 2018
 
$
1,582

 
$
269

 
$

 
$
1,851

 
$
(97,018
)
 
$
(3,939
)
 
$
(99,106
)

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.