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Changes in Accumulated Other Comprehensive Loss
3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Changes in Accumulated Other Comprehensive Loss

16.

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS

The following table presents changes in accumulated other comprehensive loss by component for the periods presented (in thousands):

 

 

13-Weeks Ended

 

 

 

March 31,

2018

 

 

April 1,

2017

 

Accumulated other comprehensive loss components

 

 

 

 

 

 

 

 

   Retirement benefit obligations:

 

 

 

 

 

 

 

 

      Balance at beginning of period(1)

 

$

(103,192

)

 

$

(119,363

)

      Reclassification adjustments:

 

 

 

 

 

 

 

 

         Amortization of prior service cost(2) (3)

 

 

3

 

 

 

36

 

         Amortization of net loss(2) (3)

 

 

807

 

 

 

1,038

 

      Total before income tax

 

 

810

 

 

 

1,074

 

      Income tax provision

 

 

207

 

 

 

417

 

   Current period comprehensive income, net of tax

 

 

603

 

 

 

657

 

      Balance at end of period(1)

 

$

(102,589

)

 

$

(118,706

)

 

 

 

 

 

 

 

 

 

   Interest rate swaps:

 

 

 

 

 

 

 

 

      Balance at beginning of period(1)

 

$

7,437

 

 

$

 

         Change in fair value of interest rate swaps

 

 

11,847

 

 

 

 

         Amounts reclassified to interest expense−net

 

 

303

 

 

 

 

      Total before income tax

 

 

12,150

 

 

 

 

      Income tax provision

 

 

3,110

 

 

 

 

   Current period comprehensive income, net of tax

 

 

9,040

 

 

 

 

      Balance at end of period(1)

 

$

16,477

 

 

$

 

Accumulated other comprehensive loss at end of period(1)

 

$

(86,112

)

 

$

(118,706

)

 

(1)

Amounts are presented net of tax.

 

(2)

Included in the computation of net periodic benefit costs. See Note 14, Retirement Plans, for additional information.

 

(3)  

Included in other income—net in the Consolidated Statements of Comprehensive Income.