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Accumulated Other Comprehensive Income
3 Months Ended
Mar. 27, 2020
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 2020 and 2019 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, 2019

$
1,324


$
(452
)

$
25

 
$
897


$
(41,346
)

$
(5,013
)

$
(45,462
)
Other comprehensive (loss) income before reclassifications

(142
)

(823
)

(778
)
 
(1,743
)



(873
)

(2,616
)
Amounts reclassified from accumulated other comprehensive income

(1
)

318


321

 
638


(24
)



614

Net current period other comprehensive income (loss) before tax

(143
)

(505
)

(457
)
 
(1,105
)

(24
)

(873
)

(2,002
)
Deferred taxes

(33
)

(116
)

(102
)
 
(251
)

(40
)



(291
)
Net current period other comprehensive income (loss) after tax

(110
)

(389
)

(355
)
 
(854
)

16


(873
)

(1,711
)
Balance at March 27, 2020

$
1,214


$
(841
)

$
(330
)
 
$
43


$
(41,330
)

$
(5,886
)

$
(47,173
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2018
 
$
1,263

 
$
79

 
$
(441
)
 
$
901

 
$
(54,543
)
 
$
(4,592
)
 
$
(58,234
)
Other comprehensive income (loss) 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
)

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 (Loss) 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 (Loss) Income. Refer to Note P 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 L for additional details on pension and post-employment expenses.