Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 27, 2024

Summary of Accumulated Other Comprehensive (Loss)

Following is a summary of AOCI(L) for the third quarter of 2024 and the third quarter of 2023:


(in thousands)	June 28, 2024		Pre-tax Activity		Tax Effect		September 27, 2024
Net pension activity:
Actuarial gain	$	533	$	—	$	—	$	533
Prior service costs	(91)		4		(1)		(88)
Net postretirement benefits activity:
Actuarial gain	761		26		(6)		781
Prior service costs	(624)		—		—		(624)
Unrealized (loss) gain on short-term investments	(173)		566		(138)		255
Reclassification of stranded tax effects	(4,809)		—		—		(4,809)
Total AOCI(L)	$	(4,403)	$	596	$	(145)	$	(3,952)

As of September 27, 2024, there were no gross actuarial losses or prior service costs included in accumulated other comprehensive loss associated with the Primary Plan, as the Primary Plan settlement was completed during 2023. All pension activity during 2024 was related to the Bargaining Plan.


(in thousands)	June 30, 2023		Pre-tax Activity		Tax Effect		September 29, 2023
Net pension activity:
Actuarial loss	$	(72,626)	$	1,567	$	(384)	$	(71,443)
Prior service costs	(99)		4		(1)		(96)
Pension plan settlement	30,041		77,319		(36,202)		71,158
Net postretirement benefits activity:
Actuarial gain	6,752		—		—		6,752
Prior service costs	(624)		—		—		(624)
Reclassification of stranded tax effects	(19,720)		—		14,911		(4,809)
Total AOCI(L)	$	(56,276)	$	78,890	$	(21,676)	$	938

Following is a summary of AOCI(L) for the first nine months of 2024 and the first nine months of 2023:


(in thousands)	December 31, 2023		Pre-tax Activity		Tax Effect		September 27, 2024
Net pension activity:
Actuarial gain	$	533	$	—	$	—	$	533
Prior service costs	(97)		12		(3)		(88)
Net postretirement benefits activity:
Actuarial gain	721		78		(18)		781
Prior service costs	(624)		—		—		(624)
Unrealized gain on short-term investments	—		338		(83)		255
Reclassification of stranded tax effects	(4,809)		—		—		(4,809)
Total AOCI(L)	$	(4,276)	$	428	$	(104)	$	(3,952)


(in thousands)	December 31, 2022		Pre-tax Activity		Tax Effect		September 29, 2023
Net pension activity:
Actuarial loss	$	(71,140)	$	(401)	$	98	$	(71,443)
Prior service costs	(105)		12		(3)		(96)
Pension plan settlement	—		117,096		(45,938)		71,158
Net postretirement benefits activity:
Actuarial gain	6,752		—		—		6,752
Prior service costs	(624)		—		—		(624)
Reclassification of stranded tax effects	(19,720)		—		14,911		(4,809)
Total AOCI(L)	$	(84,837)	$	116,707	$	(30,932)	$	938