Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Apr. 02, 2021

Equity [Abstract]

Summary of Accumulated Other Comprehensive (Loss)

Following is a summary of AOCI(L) for the first quarter of 2021 and the first quarter of 2020:

(in thousands)	December 31, 2020		Pre-tax Activity		Tax Effect		April 2, 2021
Net pension activity:
Actuarial loss	$	(93,847)	$	1,219	$	(303)	$	(92,931)
Prior service credits	8		1		—		9
Net postretirement benefits activity:
Actuarial loss	(4,328)		186		(46)		(4,188)
Prior service costs	(624)		—		—		(624)
Interest rate swap	(556)		415		(103)		(244)
Foreign currency translation adjustment	14		(49)		12		(23)
Reclassification of stranded tax effects	(19,720)		—		—		(19,720)
Total AOCI(L)	$	(119,053)	$	1,772	$	(440)	$	(117,721)

(in thousands)	December 29, 2019		Pre-tax Activity		Tax Effect		March 29, 2020
Net pension activity:
Actuarial loss	$	(93,174)	$	1,189	$	(293)	$	(92,278)
Prior service costs	(7)		5		(1)		(3)
Net postretirement benefits activity:
Actuarial loss	(1,191)		88		(22)		(1,125)
Prior service costs	(624)		—		—		(624)
Interest rate swap	(270)		(1,347)		332		(1,285)
Foreign currency translation adjustment	(16)		(1)		—		(17)
Reclassification of stranded tax effects	(19,720)		—		—		(19,720)
Total AOCI(L)	$	(115,002)	$	(66)	$	16	$	(115,052)

Summary of Impact of Accumulated Other Comprehensive Income (Loss) on Statement of Operations

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

	First Quarter 2021
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity		Interest Rate Swap		Foreign Currency Translation Adjustment		Total
Cost of sales	$	348	$	103	$	—	$	—	$	451
Selling, delivery and administrative expenses	872		83		415		(49)		1,321
Subtotal pre-tax	1,220		186		415		(49)		1,772
Income tax expense (benefit)	303		46		103		(12)		440
Total after tax effect	$	917	$	140	$	312	$	(37)	$	1,332

	First Quarter 2020
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity		Interest Rate Swap		Foreign Currency Translation Adjustment		Total
Cost of sales	$	334	$	48	$	—	$	—	$	382
Selling, delivery and administrative expenses	860		40		(1,347)		(1)		(448)
Subtotal pre-tax	1,194		88		(1,347)		(1)		(66)
Income tax expense (benefit)	294		22		(332)		—		(16)
Total after tax effect	$	900	$	66	$	(1,015)	$	(1)	$	(50)