Accumulated Other Comprehensive Loss

6 Months Ended

Jul. 03, 2016

Equity [Abstract]

Accumulated Other Comprehensive Loss

14.  Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss is comprised of adjustments relative to the Company’s pension and postretirement medical benefit plans and foreign currency translation adjustments required for a subsidiary of the Company that performs data analysis and provides consulting services outside the United States.

A summary of accumulated other comprehensive loss for Q2 2016 and Q2 2015 is as follows:

In Thousands	April 3, 2016			Pre-tax Activity			Tax Effect			July 3, 2016
Net pension activity:
Actuarial loss	$	(67,788	)	$	740		$	(285	)	$	(67,333	)
Prior service costs		(74	)		7			(2	)		(69	)
Net postretirement benefits activity:
Actuarial loss		(19,465	)		588			(227	)		(19,104	)
Prior service costs		5,228			(840	)		324			4,712
Foreign currency translation adjustment		5			(8	)		2			(1	)
Total	$	(82,094	)	$	487		$	(188	)	$	(81,795	)

In Thousands	March 29, 2015			Pre-tax Activity			Tax Effect			June 28, 2015
Net pension activity:
Actuarial loss	$	(74,378	)	$	795		$	(307	)	$	(73,890	)
Prior service costs		(94	)		9			(3	)		(88	)
Net postretirement benefits activity:
Actuarial loss		(22,319	)		718			(277	)		(21,878	)
Prior service costs		7,296			(840	)		324			6,780
Foreign currency translation adjustment		(5	)		1			(1	)		(5	)
Total	$	(89,500	)	$	683		$	(264	)	$	(89,081	)

A summary of accumulated other comprehensive loss for YTD 2016 and YTD 2015 is as follows:

In Thousands	January 3, 2016			Pre-tax Activity			Tax Effect			July 3, 2016
Net pension activity:
Actuarial loss	$	(68,243	)	$	1,481		$	(571	)	$	(67,333	)
Prior service costs		(78	)		14			(5	)		(69	)
Net postretirement benefits activity:
Actuarial loss		(19,825	)		1,175			(454	)		(19,104	)
Prior service costs		5,744			(1,680	)		648			4,712
Foreign currency translation adjustment		(5	)		7			(3	)		(1	)
Total	$	(82,407	)	$	997		$	(385	)	$	(81,795	)

In Thousands	December 28, 2014			Pre-tax Activity			Tax Effect			June 28, 2015
Net pension activity:
Actuarial loss	$	(74,867	)	$	1,591		$	(614	)	$	(73,890	)
Prior service costs		(99	)		18			(7	)		(88	)
Net postretirement benefits activity:
Actuarial loss		(22,759	)		1,435			(554	)		(21,878	)
Prior service costs		7,812			(1,680	)		648			6,780
Foreign currency translation adjustment		(1	)		(6	)		2			(5	)
Total	$	(89,914	)	$	1,358		$	(525	)	$	(89,081	)

A summary of the impact on the income statement line items is as follows:

In Thousands	Net Pension Activity		NetPostretirement Benefits Activity			Total
Second Quarter 2016:
Cost of sales	$	75	$	(38	)	$	37
Selling, delivery & administrative expenses		672		(214	)		458
Subtotal pre-tax		747		(252	)		495
Income tax expense		287		(97	)		190
Total after tax effect	$	460	$	(155	)	$	305
Second Quarter 2015:
Cost of sales	$	88	$	(17	)	$	71
Selling, delivery & administrative expenses		716		(105	)		611
Subtotal pre-tax		804		(122	)		682
Income tax expense		310		(47	)		263
Total after tax effect	$	494	$	(75	)	$	419
First Half 2016:
Cost of sales	$	150	$	(76	)	$	74
Selling, delivery & administrative expenses		1,345		(429	)		916
Subtotal pre-tax		1,495		(505	)		990
Income tax expense		576		(194	)		382
Total after tax effect	$	919	$	(311	)	$	608
First Half 2015:
Cost of sales	$	169	$	(33	)	$	136
Selling, delivery & administrative expenses		1,440		(212	)		1,228
Subtotal pre-tax		1,609		(245	)		1,364
Income tax expense		621		(94	)		527
Total after tax effect	$	988	$	(151	)	$	837