Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2020

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) (“AOCI(L)”) is comprised of adjustments to the Company’s pension and postretirement medical benefit plans, the interest rate swap on the Company’s term loan facility and the foreign currency translation for a subsidiary of the Company that performs data analysis and provides consulting services outside the United States.

Following is a summary of AOCI(L) for 2020, 2019 and 2018:

			Gains (Losses) During the Period				Reclassification to Income
(in thousands)	December 29, 2019		Pre-tax Activity		Tax Effect		Pre-tax Activity		Tax Effect		December 31, 2020
Net pension activity:
Actuarial loss	$	(93,174)	$	(5,521)	$	1,369	$	4,619	$	(1,140)	$	(93,847)
Prior service costs	(7)		—		—		19		(4)		8
Net postretirement benefits activity:
Actuarial loss	(1,191)		(4,555)		1,129		383		(94)		(4,328)
Prior service credits	(624)		—		—		—		—		(624)
Interest rate swap	(270)		—		—		(378)		92		(556)
Foreign currency translation adjustment	(16)		—		—		41		(11)		14
Reclassification of stranded tax effects	(19,720)		—		—		—		—		(19,720)
Total AOCI(L)	$	(115,002)	$	(10,076)	$	2,498	$	4,684	$	(1,157)	$	(119,053)

			Gains (Losses) During the Period				Reclassification to Income
(in thousands)	December 30, 2018		Pre-tax Activity		Tax Effect		Pre-tax Activity		Tax Effect		December 29, 2019
Net pension activity:
Actuarial loss	$	(72,690)	$	(30,855)	$	7,590	$	3,688	$	(907)	$	(93,174)
Prior service costs	(24)		—		—		22		(5)		(7)
Net postretirement benefits activity:
Actuarial loss	(4,902)		4,192		(1,031)		730		(180)		(1,191)
Prior service credits	351		—		—		(1,293)		318		(624)
Interest rate swap	—		—		—		(359)		89		(270)
Foreign currency translation adjustment	—		—		—		(19)		3		(16)
Reclassification of stranded tax effects	—		—		(19,720)		—		—		(19,720)
Total AOCI(L)	$	(77,265)	$	(26,663)	$	(13,161)	$	2,769	$	(682)	$	(115,002)

			Gains (Losses) During the Period				Reclassification to Income
(in thousands)	December 31, 2017		Pre-tax Activity		Tax Effect		Pre-tax Activity		Tax Effect		December 30, 2018
Net pension activity:
Actuarial loss	$	(78,618)	$	4,036	$	(993)	$	3,830	$	(945)	$	(72,690)
Prior service costs	(43)		—		—		25		(6)		(24)
Net postretirement benefits activity:
Actuarial loss	(17,299)		14,552		(3,580)		1,889		(464)		(4,902)
Prior service credits	1,744		—		—		(1,847)		454		351
Foreign currency translation adjustment	14		—		—		(19)		5		—
Total AOCI(L)	$	(94,202)	$	18,588	$	(4,573)	$	3,878	$	(956)	$	(77,265)

Following is a summary of the impact of AOCI(L) on the consolidated statements of operations:

	Fiscal 2020
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity		Interest Rate Swap		Foreign Currency Translation Adjustment		Total
Cost of sales	$	1,393	$	146	$	—	$	—	$	1,539
Selling, delivery and administrative expenses	3,245		237		(378)		41		3,145
Subtotal pre-tax	4,638		383		(378)		41		4,684
Income tax expense	1,144		94		(92)		11		1,157
Total after tax effect	$	3,494	$	289	$	(286)	$	30	$	3,527

	Fiscal 2019
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity		Interest Rate Swap		Foreign Currency Translation Adjustment		Total
Cost of sales	$	1,003	$	(211)	$	—	$	—	$	792
Selling, delivery and administrative expenses	2,707		(352)		(359)		(19)		1,977
Subtotal pre-tax	3,710		(563)		(359)		(19)		2,769
Income tax expense	912		(138)		(89)		(3)		682
Total after tax effect	$	2,798	$	(425)	$	(270)	$	(16)	$	2,087

	Fiscal 2018
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity		Foreign Currency Translation Adjustment		Total
Cost of sales	$	886	$	7	$	—	$	893
Selling, delivery and administrative expenses	2,968		35		(19)		2,984
Subtotal pre-tax	3,854		42		(19)		3,877
Income tax expense	950		10		(5)		955
Total after tax effect	$	2,904	$	32	$	(14)	$	2,922