Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 29, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Loss

7.Accumulated Other Comprehensive Loss

The components that make up accumulated other comprehensive loss on the condensed consolidated balance sheets at September 29, 2023 and December 31, 2022 are as follows:

(amounts in thousands)	September 29, 2023			December 31, 2022
Foreign currency translation adjustment	$	(11,716	)	$	(10,993	)
Pension loss, net of tax of $679 in 2023 and $755 in 2022		(4,034	)		(4,313	)
Accumulated other comprehensive loss	$	(15,750	)	$	(15,306	)

During the 2023 and 2022 third quarter and year-to-date periods, actuarial losses were amortized to expense as follows:

	For the Quarter Ended						For the Three Quarters Ended
(amounts in thousands)	September 29, 2023			September 30, 2022			September 29, 2023			September 30, 2022
Amortization of actuarial losses	$	107		$	119		$	320		$	374
Income tax		(24	)		(20	)		(72	)		(62	)
Net of tax	$	83		$	99		$	248		$	312

The amortization of both prior service cost and actuarial losses, with the exception of the actuarial gains related to the post retirement benefit plan, are included in determining net periodic pension cost. See Note 9, "Deferred Compensation and Other Benefits" for additional information.