ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

6 Months Ended

Jul. 01, 2023

Equity [Abstract]

Deferred Components of AOCL in Equity, Net of Related Taxes, and Changes in AOCL

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

(In thousands)	June 2023		December 2022		June 2022
Foreign currency translation	$	(94,610)	$	(107,462)	$	(110,014)
Defined benefit pension plans	2,173		2,243		(2,166)
Derivative financial instruments	32,344		25,554		20,223
Accumulated other comprehensive loss	$	(60,093)	$	(79,665)	$	(91,957)

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

	Three Months Ended June 2023
(In thousands)	Foreign Currency Translation		Defined Benefit Pension Plans		Derivative Financial Instruments		Total
Balance, March 2023	$	(99,139)	$	2,208	$	28,926	$	(68,005)
Other comprehensive income (loss) due to gains (losses) arising before reclassifications	4,529		—		9,442		13,971
Reclassifications to net income of previously deferred (gains) losses	—		(35)		(6,024)		(6,059)
Net other comprehensive income (loss)	4,529		(35)		3,418		7,912
Balance, June 2023	$	(94,610)	$	2,173	$	32,344	$	(60,093)

	Three Months Ended June 2022
(In thousands)	Foreign Currency Translation		Defined Benefit Pension Plans		Derivative Financial Instruments		Total
Balance, March 2022	$	(96,740)	$	(2,171)	$	15,214	$	(83,697)
Other comprehensive income (loss) due to gains (losses) arising before reclassifications	(13,274)		—		6,552		(6,722)
Reclassifications to net income of previously deferred (gains) losses	—		5		(1,543)		(1,538)
Net other comprehensive income (loss)	(13,274)		5		5,009		(8,260)
Balance, June 2022	$	(110,014)	$	(2,166)	$	20,223	$	(91,957)

	Six Months Ended June 2023
(In thousands)	Foreign Currency Translation		Defined Benefit Pension Plans		Derivative Financial Instruments		Total
Balance, December 2022	$	(107,462)	$	2,243	$	25,554	$	(79,665)
Other comprehensive income (loss) due to gains (losses) arising before reclassifications	12,852		—		19,734		32,586
Reclassifications to net income of previously deferred (gains) losses	—		(70)		(12,944)		(13,014)
Net other comprehensive income (loss)	12,852		(70)		6,790		19,572
Balance, June 2023	$	(94,610)	$	2,173	$	32,344	$	(60,093)

	Six Months Ended June 2022
(In thousands)	Foreign Currency Translation		Defined Benefit Pension Plans		Derivative Financial Instruments		Total
Balance, December 2021	$	(93,125)	$	(2,177)	$	2,546	$	(92,756)
Other comprehensive income (loss) due to gains (losses) arising before reclassifications	(16,889)		—		20,366		3,477
Reclassifications to net income of previously deferred (gains) losses	—		11		(2,689)		(2,678)
Net other comprehensive income (loss)	(16,889)		11		17,677		799
Balance, June 2022	$	(110,014)	$	(2,166)	$	20,223	$	(91,957)

Reclassification Out of AOCL

The following table presents reclassifications out of AOCL:

(In thousands)		Three Months Ended June					Six Months Ended June
Details About Accumulated Other Comprehensive Loss Reclassifications	Affected Line Item in the Financial Statements
			2023		2022			2023		2022
Defined benefit pension plans:
Net change in deferred gains (losses) during the period	Selling, general and administrative expenses		$	47	$	(7)		$	93	$	(15)
Total before tax			47		(7)			93		(15)
Income taxes	Income taxes		(12)		2			(23)		4
Net of tax			35		(5)			70		(11)
Gains (losses) on derivative financial instruments:
Foreign currency exchange contracts	Net revenues		$	(62)	$	(261)		$	(233)	$	(393)
Foreign currency exchange contracts	Cost of goods sold		4,256		2,425			10,248		4,726
Foreign currency exchange contracts	Other expense, net		136		2			296		(101)
Interest rate swap agreements	Interest expense		2,435		(745)			4,536		(2,011)
Total before tax			6,765		1,421			14,847		2,221
Income taxes	Income taxes		(741)		122			(1,903)		468
Net of tax			6,024		1,543			12,944		2,689
Total reclassifications for the period, net of tax			$	6,059	$	1,538		$	13,014	$	2,678