ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

9 Months Ended

Sep. 26, 2020

Equity [Abstract]

Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCI in Stockholders' Equity and Changes in Accumulated OCI

The following table presents deferred components of AOCL in equity, net of related taxes:

(In thousands)	September 2020		December 2019		September 2019
Foreign currency translation	$	(101,057)	$	(84,118)	$	(93,199)
Defined benefit pension plans	(2,356)		(2,301)		(775)
Derivative financial instruments	(19,384)		6,721		5,139
Accumulated other comprehensive loss	$	(122,797)	$	(79,698)	$	(88,835)

The following tables present changes in AOCL, net of related tax impact:

	Three Months Ended September 2020
	Foreign Currency Translation		Defined Benefit Pension Plans		Derivative Financial Instruments
(In thousands)							Total
Balance, June 2020	$	(108,129)	$	(2,289)	$	(20,880)	$	(131,298)
Other comprehensive income (loss) before reclassifications	7,072		(77)		(469)		6,526
Amounts reclassified from accumulated other comprehensive income (loss)	—		10		1,965		1,975
Net other comprehensive income (loss)	7,072		(67)		1,496		8,501
Balance, September 2020	$	(101,057)	$	(2,356)	$	(19,384)	$	(122,797)

	Three Months Ended September 2019
	Foreign Currency Translation		Defined Benefit Pension Plans		Derivative Financial Instruments
(In thousands)							Total
Balance, June 2019	$	(81,841)	$	(1,072)	$	9,225	$	(73,688)
Other comprehensive income (loss) before reclassifications	(11,358)		297		(468)		(11,529)
Amounts reclassified from accumulated other comprehensive income (loss)	—		—		(3,618)		(3,618)
Net other comprehensive income (loss)	(11,358)		297		(4,086)		(15,147)
Balance, September 2019	$	(93,199)	$	(775)	$	5,139	$	(88,835)

	Nine Months Ended September 2020
	Foreign Currency Translation		Defined Benefit Pension Plans		Derivative Financial Instruments
(In thousands)							Total
Balance, December 2019	$	(84,118)	$	(2,301)	$	6,721	$	(79,698)
Other comprehensive income (loss) before reclassifications	(16,939)		(85)		(24,944)		(41,968)
Amounts reclassified from accumulated other comprehensive income (loss)	—		30		(1,161)		(1,131)
Net other comprehensive income (loss)	(16,939)		(55)		(26,105)		(43,099)
Balance, September 2020	$	(101,057)	$	(2,356)	$	(19,384)	$	(122,797)

	Nine Months Ended September 2019
	Foreign Currency Translation		Defined Benefit Pension Plans		Derivative Financial Instruments
(In thousands)							Total
Balance, December 2018	$	(145,182)	$	—	$	—	$	(145,182)
Other comprehensive income (loss) before reclassifications	(5,914)		283		(2,526)		(8,157)
Amounts reclassified from accumulated other comprehensive income (loss)	—		—		(3,980)		(3,980)
Net other comprehensive income (loss)	(5,914)		283		(6,506)		(12,137)
Amounts transferred from former parent	57,897		(1,058)		11,645		68,484
Balance, September 2019	$	(93,199)	$	(775)	$	5,139	$	(88,835)

Reclassification out of Accumulated Other Comprehensive Income

The following table presents reclassifications out of AOCL:

(In thousands)		Three Months Ended September					Nine Months Ended September
Details About Accumulated Other Comprehensive Loss Reclassifications	Affected Line Item in the Financial Statements
			2020		2019			2020		2019
Defined benefit pension plans:
Net change in deferred actuarial losses	Selling, general and administrative expenses		$	(14)	$	—		$	(42)	$	—
Total before tax			(14)		—			(42)		—
Tax benefit	Income taxes		4		—			12		—
Net of tax			(10)		—			(30)		—
Gains (losses) on derivative financial instruments:
Foreign currency exchange contracts	Net revenues		$	(36)	$	(379)		$	(588)	$	(475)
Foreign currency exchange contracts	Cost of goods sold		(578)		3,486			4,778		3,901
Foreign currency exchange contracts	Other expense, net		36		328			173		371
Interest rate swap agreements	Interest expense		(1,636)		642			(3,216)		642
Total before tax			(2,214)		4,077			1,147		4,439
Income taxes	Income taxes		(249)		459			(14)		459
Net of tax			(1,965)		3,618			1,161		3,980
Total reclassifications for the period, net of tax			$	(1,975)	$	3,618		$	1,131	$	3,980